The exchange said the new contracts will be introduced in the equity derivatives segment as part of its efforts to expand its index derivatives offerings.
What products will be launched?
NSE will offer three serial monthly index futures and three serial monthly index options contracts on the Nifty India FPI 150 Index. The contracts will be cash settled and will expire on the last Tuesday of the expiry month.
What is the Nifty India FPI 150 Index?
The Nifty India FPI 150 Index tracks the performance of 150 stocks selected from the Nifty 500 universe that are accessible and investible for foreign portfolio investors (FPIs). The constituents are selected based on their six-month average foreign investible free-float market capitalisation, covering the most liquid and high free-float stocks.
The weight of each stock in the index is determined by its foreign investible free-float market capitalisation. The index was launched on August 16, 2025, with a base date of October 3, 2022, and a base value of 1,000. It is rebalanced on a quarterly basis.
What does the index comprise?
As of June 2026, financial services is the largest sector in the index with a weight of 26.15%, followed by oil, gas and consumable fuels at 10.03%, and healthcare at 7.51%.
Why is the launch significant?
The introduction of derivatives on the Nifty India FPI 150 Index provides market participants with another benchmark for trading and risk management. Since the index comprises liquid stocks that meet foreign investment eligibility criteria, the contracts could be used by investors to hedge portfolios or gain exposure to a diversified basket of FPI-accessible companies.
Commenting on the launch, Sriram Krishnan, Chief Business Development Officer, NSE, said the new contracts would complement the exchange’s existing index derivatives products. He added that the Nifty India FPI 150 Index represents a diversified basket of 150 liquid stocks across sectors while maintaining a focus on liquidity and investibility, making it a suitable underlying index for hedging and portfolio diversification.
