NSE Launches 11 New Sectoral Indices Including Nifty Power and Retail, Taking Total to 34

NSE Indices, the index services subsidiary of the National Stock Exchange (NSE), launched 11 new NSE sectoral indices on June 15, 2026, expanding its sectoral benchmark suite from 23 to 34. The 11 new NSE sectoral indices are: Nifty Power, Nifty Capital Goods, Nifty Telecommunications, Nifty Construction, Nifty Consumer Services, Nifty Commercial & Transport Services, Nifty Retail, Nifty Hospitals, Nifty NBFC, Nifty Housing Finance, and Nifty Insurance. The launch is driven by the rapid growth of passive investing in India – ETFs tracking Nifty indices managed Rs 6.17 lakh crore as of April 2026, while sectoral ETF assets grew 9.5% year on year to Rs 51,253 crore. The new NSE sectoral indices are expected to serve as the basis for a new wave of sector-focused ETFs and index funds from fund houses across India.

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NSE Sectoral Indices: All 11 New Additions at a Glance

#	New NSE Sectoral Index	Key Sector Coverage	Likely Constituents
1	Nifty Power	Electricity generation, transmission, distribution	NTPC, Tata Power, Power Grid, NHPC, JSW Energy, Adani Power, CESC
2	Nifty Capital Goods	Industrial equipment, defence manufacturing	L&T, Siemens, ABB, Bharat Electronics, HAL, BEML, Thermax
3	Nifty Telecommunications	Telecom operators, tower infra companies	Bharti Airtel, Indus Towers, MTNL, Vodafone Idea, HFCL
4	Nifty Construction	Real estate developers, civil contractors	DLF, Godrej Properties, L&T Construction, NCC, Macrotech, Prestige
5	Nifty Consumer Services	Restaurants, entertainment, lifestyle services	Zomato, Swiggy, PVR INOX, IndiaMART, Info Edge, Naukri
6	Nifty Commercial & Transport Services	Logistics, aviation, shipping, warehousing	IndiGo, Blue Dart, Container Corp, Mahindra Logistics, Delhivery
7	Nifty Retail	Organised retail chains, e-commerce	Avenue Supermarts (DMart), Trent, V-Mart, Shoppers Stop, Metro Brands
8	Nifty Hospitals	Hospital chains, diagnostic centres	Apollo Hospitals, Max Healthcare, Fortis, Narayana, HCG, Medanta
9	Nifty NBFC	Non-banking financial companies	Bajaj Finance, Chola Finance, Shriram Finance, SBI Cards, HDFC Asset Mgmt
10	Nifty Housing Finance	Home loan and housing finance companies	LIC Housing Finance, PNB Housing, Can Fin Homes, Home First Finance
11	Nifty Insurance	Life and general insurance companies	HDFC Life, SBI Life, LIC, ICICI Prudential Life, Star Health, New India

Why NSE Launched 11 New Sectoral Indices: The Passive Investing Story

Passive Investing Metric	Data (April 2026)
ETF AUM tracking Nifty indices	Rs 6.17 lakh crore
Index fund AUM tracking Nifty indices	Rs 2.71 lakh crore
Total passive AUM linked to Nifty	Rs 8.88 lakh crore+
Sectoral ETF AUM	Rs 51,253 crore (up from Rs 46,811 crore, +9.5% YoY)
Number of sectoral ETF schemes	57 (up from 49)
Sectoral index fund AUM	Rs 5,054 crore (up from Rs 4,322 crore, +17% YoY)
Number of sectoral index fund schemes	35 (up from 31)
New ETF schemes launched (April 2026)	11 (highest monthly count in 12+ months)
Total equity ETF schemes	241
Total equity index fund schemes	252
NSE Sectoral Indices (before launch)	23
NSE Sectoral Indices (after launch)	34 (+48% expansion)

The numbers above tell a clear story about why NSE Indices expanded its NSE sectoral indices suite. Passive investing has grown from a niche institutional tool to a mainstream retail investment vehicle in India over the past 5-7 years. ETFs and index funds tracking Nifty benchmarks now manage over Rs 8.88 lakh crore combined – a market that was less than Rs 2 lakh crore in 2020. Within this, sectoral products are growing faster than the overall passive market: sectoral ETF AUM grew 9.5% YoY, sectoral index fund AUM grew 17% YoY, and 11 new ETF schemes were launched in April 2026 alone.

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the NSE sectoral indices expansion is both a response to and a catalyst for this growth. On the response side: fund houses have been asking for more granular benchmarks to launch differentiated sectoral products – the existing 23 NSE sectoral indices did not cover rapidly growing segments like hospitals, insurance, or housing finance. On the catalyst side: once a credible benchmark index exists, SEBI approval for ETF and index fund products tracking it becomes easier and faster. The 11 new NSE sectoral indices effectively unlock 11 new product categories for Indian mutual fund houses.

Key New NSE Sectoral Indices: What They Cover

Among the 11 new NSE sectoral indices, five deserve particular attention from investors given their alignment with India’s structural growth themes.

Nifty Power is perhaps the most timely addition to India’s NSE sectoral indices catalogue. India’s power sector is undergoing a massive investment cycle: thermal capacity expansion (NTPC’s 20+ GW expansion plan), renewable energy (solar, wind, green hydrogen), and grid modernisation. Power stocks like NTPC, Power Grid, Tata Power, JSW Energy, and Adani Power have been among the best performers in the Nifty 500 over the past 3 years. A Nifty Power index consolidates these stocks into a single tradeable benchmark.

Nifty Hospitals captures India’s healthcare services premium story. Hospital chains like Apollo Hospitals, Max Healthcare, Global Health (Medanta), Narayana Hrudayalaya, and HCG have delivered exceptional revenue growth driven by increasing health insurance penetration, medical tourism, and India’s aging population. A dedicated hospitals index within the NSE sectoral indices suite separates this high-growth sub-sector from the broader Nifty Healthcare index (which also includes pharmaceuticals and diagnostics).

Nifty Retail is a timely addition as India’s organised retail market undergoes rapid formalisation. Avenue Supermarts (DMart), Trent (Westside, Zudio), and Metro Brands represent different faces of this trend. Trent in particular has been one of the Nifty’s best performers over 5 years, driven by Zudio’s rapid expansion in value fashion. A dedicated Nifty Retail benchmark among the NSE sectoral indices will give investors and fund managers a clear tool to track and benchmark this sector.

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Nifty Insurance and Nifty NBFC further sub-segment the existing Nifty Financial Services index, which had been too broad to be useful for specialists in either sub-sector. Insurance companies (HDFC Life, SBI Life, LIC, ICICI Prudential, Star Health) and NBFCs (Bajaj Finance, Chola Finance, Shriram Finance) have very different business dynamics, risk profiles, and regulatory environments – combining them in a single financial services index had reduced the utility for sector-specific investors. The new NSE sectoral indices correct this by providing standalone benchmarks for each financial sub-sector.

Impact on Fund Houses: A New Wave of Sectoral ETFs Expected

The most immediate market impact of the new NSE sectoral indices will be a wave of NFO (New Fund Offer) applications from mutual fund houses seeking to launch ETFs and index funds tracking these new benchmarks. NSE Indices confirmed that the new benchmarks are designed to be “performance benchmarks for asset managers” and to “form the basis for passive investment products such as ETFs, index funds and structured products.”

Kunal Singal, Associate Director at Univest, anticipates that within 3-6 months of the NSE sectoral indices launch, multiple fund houses will file NFO applications with SEBI for Power ETFs, Hospital ETFs, Retail ETFs, and Insurance ETFs. SEBI’s fast-track NFO approval process (30-day observation period for passive products) means that ETFs based on the new NSE sectoral indices could be available to retail investors by Q3 FY27 (October-December 2026). This creates a pipeline of new investment options for investors who want targeted sector exposure without the cost and complexity of picking individual stocks.

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Conclusion

NSE Indices’ launch of 11 new NSE sectoral indices on June 15, 2026 – taking the total to 34 – represents the most significant expansion of India’s sectoral index landscape in recent years. Driven by the surging demand for passive investing products (Nifty ETF AUM at Rs 6.17 lakh crore, sectoral ETFs at Rs 51,253 crore), the new NSE sectoral indices covering Power, Retail, Hospitals, Insurance, NBFC, Housing Finance, Telecommunications, Capital Goods, Construction, Consumer Services, and Commercial & Transport Services will unlock new sector-specific ETFs and index funds for Indian investors. Ankit Jaiswal and Kunal Singal at Univest view this as a structural positive for India’s passive investing ecosystem – more benchmarks means more products, lower costs for sector-specific investing, and greater market transparency for India’s fastest-growing economic segments.

Frequently Asked Questions

What are the 11 new NSE sectoral indices launched in June 2026?

Ans. NSE Indices, the index services subsidiary of the National Stock Exchange, launched 11 new sectoral indices on June 15, 2026. The new NSE sectoral indices are: Nifty Power, Nifty Capital Goods, Nifty Telecommunications, Nifty Construction, Nifty Consumer Services, Nifty Commercial & Transport Services, Nifty Retail, Nifty Hospitals, Nifty NBFC, Nifty Housing Finance, and Nifty Insurance. With these additions, the total number of sectoral indices under the Nifty umbrella has increased from 23 to 34.

Why did NSE launch 11 new sectoral indices now?

Ans. NSE Indices launched the 11 new sectoral indices to meet growing demand from passive investors for more granular sector-specific benchmarks. The Indian passive investing market has expanded dramatically: ETFs tracking Nifty indices managed Rs 6.17 lakh crore as of April 2026, with sectoral ETF AUM rising to Rs 51,253 crore (from Rs 46,811 crore a year ago). The number of sectoral ETF schemes has grown to 57 from 49, and 11 new ETF schemes were launched in April 2026 alone – the highest monthly count in over a year. NSE Indices stated that the expanded suite offers ‘more comprehensive and granular coverage across established and emerging sectors.’

How can investors use the new NSE sectoral indices?

Ans. Investors can use the 11 new NSE sectoral indices in several ways. First, as performance benchmarks – the new indices allow investors to measure how a specific sector (like power or hospitals) is performing compared to other sectors. Second, as a basis for ETFs and index funds – mutual fund houses are likely to launch new ETF products and index funds tracking the new NSE sectoral indices, giving investors a low-cost way to take sectoral positions. Third, as research tools – the index composition reveals which stocks NSE considers representative of each sector, helping investors identify potential investments within specific sectors they believe will outperform.

What stocks will be included in Nifty Power, Nifty Retail and Nifty Hospitals?

Ans. The exact constituent lists for the new NSE sectoral indices will be published by NSE Indices on their website (niftyindices.com). However, based on sector definitions, Nifty Power is expected to include NTPC, Tata Power, Power Grid Corporation, NHPC, JSW Energy, Adani Power, CESC, and Torrent Power. Nifty Retail is expected to include Avenue Supermarts (DMart), Trent (Westside, Zudio), V-Mart, Shoppers Stop, Metro Brands, and other organised retail chains. Nifty Hospitals is expected to include Apollo Hospitals, Max Healthcare, Fortis Healthcare, Narayana Hrudayalaya, Global Health (Medanta), HCG, and similar hospital chains.

Will fund houses launch ETFs based on the new NSE sectoral indices?

Ans. Yes, the primary purpose of the new NSE sectoral indices is to enable fund houses to launch ETFs, index funds, and structured products tracking these benchmarks. NSE Indices explicitly stated that the new indices ‘could pave the way for more sector-focused investment products, including ETFs and index funds.’ Given the recent pace of ETF launches in India (11 new ETF schemes in April 2026 alone), fund houses including Mirae Asset, Nippon India Mutual Fund, HDFC AMC, SBI Mutual Fund, and Edelweiss AMC are expected to apply to SEBI for NFO approvals on sectoral ETFs and index funds based on the new NSE sectoral indices.

What is NSE Indices and how many total indices does it manage?

Ans. NSE Indices Limited (formerly India Index Services & Products Limited – IISL) is the wholly-owned subsidiary of the National Stock Exchange responsible for designing, computing, and managing the Nifty family of indices. It manages 421+ indices under the Nifty brand spanning broad-market (Nifty 50, Nifty 500), sectoral (now 34 indices), thematic (ESG, momentum, quality), strategy, fixed-income, and customised indices. NSE Indices’ flagship benchmark, the Nifty 50, is India’s most widely tracked equity index. Globally, NSE Indices-managed products have attracted AUM from international fund houses in Japan, Korea, the US, and Europe.

How does the NSE sectoral index expansion compare to BSE’s Sensex sectoral indices?

Ans. NSE Indices’ expansion to 34 sectoral indices positions it more comprehensively than BSE’s sectoral index suite. BSE operates the S&P BSE series of sectoral indices (Auto, Bank, Capital Goods, Consumer Durables, FMCG, Healthcare, IT, Metal, Oil & Gas, Power, Real Estate, Telecom, etc.) – most of which have been in existence for longer. However, NSE’s launch of specialised sub-sector indices like Nifty Hospitals, Nifty Housing Finance, Nifty NBFC, Nifty Insurance, and Nifty Retail adds granularity that BSE’s broader healthcare and financial services indices do not capture. This granularity is what makes the new NSE sectoral indices attractive for sector ETF product launches.

What is the total AUM of passive products linked to Nifty indices?

Ans. As of April 2026, ETFs tracking Nifty indices managed assets worth Rs 6.17 lakh crore, while Nifty-linked index funds managed an additional Rs 2.71 lakh crore – totalling over Rs 8.88 lakh crore in passive AUM linked to NSE Indices benchmarks. The sectoral portion is Rs 51,253 crore across 57 sectoral ETF schemes and Rs 5,054 crore across 35 sectoral index fund schemes. The rapid growth of this passive ecosystem (sectoral ETF AUM grew 9.5% YoY, sectoral index fund AUM grew 17% YoY) is exactly what created the demand for the 11 new NSE sectoral indices.