NSE preparing to launch Nifty India FPI 150 Index derivatives from August 12, 2026

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Nifty FPI 150 Derivatives Launch

Highlights

NSE will launch derivatives contracts on the Nifty India FPI 150 Index from August 12, 2026, having received SEBI approval.
The Nifty India FPI 150 Index selects the top 150 stocks from the Nifty 500 based on the six-month average foreign investible free-float market capitalization.
As of June 2026, the index has a sector weight of 26.15% in Financial Services, 10.03% in Oil, Gas & Consumable Fuels, and 7.51% in Healthcare.

This article was translated from the original. Read the original version by our correspondent here.

Launch Framework and Contract Structure

As stated by the National Stock Exchange of India, the exchange aims to introduce derivatives contracts on the Nifty India FPI 150 Index in the equity derivatives segment starting August 12, 2026, having received approval from the Securities and Exchange Board of India, SEBI. This initiative is based on an index designed with foreign investor accessibility and investability in mind.

The exchange will offer three consecutive monthly index futures and index options contract cycles. These cash-settled derivatives contracts will expire on the last Tuesday of the expiry month.

Index Structure and Market Impact

The Nifty India FPI 150 Index tracks the performance of the top 150 stocks selected from the Nifty 500. These stocks are chosen based on the six-month average foreign investible free-float market capitalization, ensuring the index includes highly liquid and high free-float stocks.

As of June 2026, the index's highest sector weight is Financial Services at 26.15%, followed by Oil, Gas & Consumable Fuels at 10.03%, and Healthcare at 7.51%. The index was introduced on August 16, 2025, with a base date of October 3, 2022, and a base value of 1000. Its methodology is based on foreign investible free-float and is rebalanced quarterly.

Mr. Sriram Krishnan, NSE's Chief Business Development Officer, stated that the launch of derivatives on the Nifty India FPI 150 Index will further strengthen the existing suite of index derivatives products. According to him, this index offers a broad and diversified segment of 150 liquid stocks from the Indian equity market, providing a suitable base for hedging and portfolio diversification while maintaining a focus on liquidity and investability.

Our previous report discussed the expansion of the Electronic Gold Receipts (EGR) framework under the NSE and Augmont partnership, aimed at enhancing liquidity and transparent price discovery in the exchange-regulated spot gold market. It was noted that EGRs could help activate domestic gold in the formal supply chain by converting physical gold into dematerialized, tradable form, enable pledging/lending, and reduce reliance on bullion imports.

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