Mumbai: The National Stock Exchange (NSE) has received approval from the Securities and Exchange Board of India (SEBI) to introduce derivatives contracts on the Nifty India FPI 150 Index, with trading scheduled to commence on August 12, 2026, in the equity derivatives segment.
The new offering will include index futures and index options with three consecutive monthly contracts. All contracts will be cash-settled, with expiry scheduled for the last Tuesday of each month.
The Nifty India FPI 150 Index has been designed to track the performance of 150 large-cap companies from the Nifty 500 Index that offer high investability for foreign portfolio investors (FPIs). Constituents are selected based on their average foreign investible free-float market capitalisation over the preceding six months.
The index includes companies with strong trading liquidity and sufficient free-float shares available for investment. Each constituent’s weight is determined by its foreign investible free-float market capitalisation, making the index a representative benchmark for FPI-focused investments in Indian equities.
As of June 2026, the Financial Services sector held the largest weight in the index at 26.15%, followed by Oil, Gas & Consumable Fuels at 10.03% and Healthcare at 7.51%.
The index was launched on August 16, 2025, with a base date of October 3, 2022, and a base value of 1,000. Its constituents are reviewed and rebalanced on a quarterly basis to ensure the benchmark continues to reflect the most investible companies for foreign investors.
Commenting on the development, Sriram Krishnan, Chief Business Development Officer at NSE, said the launch of derivatives on the Nifty India FPI 150 Index will further strengthen the exchange’s existing index derivatives portfolio. He noted that the benchmark comprises 150 highly liquid and investible Indian stocks across multiple sectors, offering investors a diversified exposure that can support effective risk management and portfolio balancing.
The introduction of derivatives linked to the Nifty India FPI 150 Index is expected to provide institutional and market participants with an additional tool for hedging, portfolio management and investment strategies, while further expanding NSE’s range of benchmark-based derivative products.
