Passive and rule based investment options continue to expand as multiple fund houses opened subscription windows for new schemes in November. Axis Income Plus Arbitrage Passive FOF and Kotak Nifty Chemicals ETF were part of the new fund offer basket, both targeting diversified factor coverage and improved sector based distribution outcomes compared to active high churn equity selection models. Market distributors expect these NFOs to attract inflows from investor segments seeking disciplined participation without active fund manager intervention as broader markets enter a consolidation build phase heading into year end.