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NSE to Introduce Futures and Options on Nifty India FPI 150 Index

11 Aug 2026|
1 min read |
by ICICI Securities Team
Article Image

 

The National Stock Exchange of India Limited (NSE) has introduced Futures and Options contracts on the Nifty India FPI 150 Index, effective August 12, 2026, as per Circular Ref. No. 103/2026 dated July 16, 2026.

The Nifty India FPI 150 Index aims to track the performance of the top 150 stocks selected from Nifty 500 that ensure accessibility and inversibility for foreign investors.

The new contracts will be available under the symbol NIFTYFPI in the NSE Futures & Options segment.

Key Highlights

Particular

Details

Underlying

Nifty India FPI 150 Index

Symbol

NIFTYFPI

Instruments

Futures (FUTIDX) & Options (OPTIDX)

Lot Size

1,100

Tick Size

₹0.05

Trading Cycle

3 serial monthly contracts

Expiry

Last Tuesday of the expiry month*

Quantity Freeze

8,500

*If the last Tuesday is a trading holiday, expiry will be the previous trading day.

 

Initial Expiry Cycle

The following contracts will be available when trading commences on August 12, 2026:

Contract Month

Expiry Date

August 2026

August 25, 2026

September 2026

September 29, 2026

October 2026

October 27, 2026

 

Option Strike Scheme

NSE has specified two strike schemes for NIFTYFPI Options:

Strike Scheme

Step Value

Strike Structure

Narrow Range

5

20-1-20

Wide Range

20

12-1-12

The wide-range scheme includes 20 strikes due to the strike interval of 5.

 

Settlement Mechanism

Both Futures and Options will be cash settled.

Parameter

Futures

Options

Daily Settlement Price

Closing price of Futures *

Final Settlement Price

Index closing value on the last trading day

Index closing value on the last trading day

Settlement Type

Cash

Cash

*if illiquid, theoretical price will be considered


Price Band & Quantity Freeze

  • Futures:
    The futures contracts will have a trading range of ±10% of the base price.
  • Options:
    For options, the price range will be contract-specific and will be computed using its delta and updated daily.
  • Quantity Freeze:
    The maximum quantity allowed per order will be 8,500 for both Futures and Options.
NSE Circular

 

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