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
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Particular
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Details
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Underlying
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Nifty India FPI 150 Index
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Symbol
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NIFTYFPI
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Instruments
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Futures (FUTIDX) & Options (OPTIDX)
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Lot Size
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1,100
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Tick Size
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₹0.05
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Trading Cycle
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3 serial monthly contracts
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Expiry
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Last Tuesday of the expiry month*
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Quantity Freeze
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8,500
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*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:
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Contract Month
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Expiry Date
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August 2026
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August 25, 2026
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September 2026
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September 29, 2026
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October 2026
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October 27, 2026
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Option Strike Scheme
NSE has specified two strike schemes for NIFTYFPI Options:
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Strike Scheme
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Step Value
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Strike Structure
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Narrow Range
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5
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20-1-20
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Wide Range
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20
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12-1-12
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The wide-range scheme includes 20 strikes due to the strike interval of 5.
Settlement Mechanism
Both Futures and Options will be cash settled.
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Parameter
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Futures
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Options
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Daily Settlement Price
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Closing price of Futures *
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—
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Final Settlement Price
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Index closing value on the last trading day
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Index closing value on the last trading day
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Settlement Type
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Cash
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Cash
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*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.
Disclaimer
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