NSE gets SEBI nod to launch derivatives on Nifty India FPI 150 Index from August 12; details here

The National Stock Exchange of India (NSE) on Thursday, July 16, said it has secured approval from the Securities and Exchange Board of India (SEBI) to launch derivatives on the NIFTY India FPI 150 Index (NIFTYFPI).

The derivatives initiative aims to introduce these contracts in the equity derivatives segment from August 12, 2026.

The exchange said it will offer three serial monthly index futures and index options contract cycles, while the cash-settled derivatives contracts will expire on the last Tuesday of the expiry month.

The NIFTY India FPI 150 Index aims to track the performance of the top 150 stocks selected from NIFTY 500, which ensures accessibility and investability for foreign investors. The exchange explained that the top 150 stocks are selected based on a 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 based on its foreign investible free-float market capitalization, it said.

The index had top sector representation from the financial services sector with 26.15% weight, followed by oil, gas and consumable fuels with 10.03% and healthcare with 7.51% as of June 2026.

The index was introduced on August 16, 2025, with the base date and base value being October 03, 2022, and 1000, respectively. Its methodology is based on the foreign investable free float and rebalanced on a quarterly basis.

“The introduction of derivatives on the Nifty India FPI 150 Index will further complement the existing index derivatives product suite. The Nifty India FPI 150 Index represents a broad and diversified segment of the Indian equity market, comprising 150 liquid stocks across multiple segments while maintaining a focus on liquidity and investibility, making it a suitable underlying for hedging and portfolio diversification,” said NSE Chief Business Development Officer Sriram Krishnan.

Last month, NSE had signed a Memorandum of Understanding (MoU) with the Bharat Metal Exchange to promote and develop non-ferrous metal derivatives in India. The partnership was aimed at strengthening market participation, enhancing price risk management practices, and supporting the development of efficient hedging tools for stakeholders across the non-ferrous metals value chain.