NSE has launched F&O Contracts for trading on Nifty Financial Services Index – FINNIFTY for trading from 11-Jan-2021.
The new index majorly consists of the top banking, insurance, housing finance, and many financial service companies.
NSE is keen to make this index very popular along with Nifty and Banknifty. It is visible through two features:
1. There are no NSE Exchange Transaction Charges for the first 6 months and
2. It is the first index derivatives with a weekly futures contract along with weekly options
Besides, Top leading broker Zerodha also announced waiving off the brokerage fees for Finnifty for the first month.
FINNIFTY Index Constituents
FINNIFTY Sectoral Representation
FINNIFTY Contract Specification
As per the NSE circular dated 30th December 2020, it is clear that no transaction charges will be levied on the trades done in Futures and Options contracts on the FINNIFTY Index in the F&O segment of the Exchange for 6 months (till 30-June-2021) in order to encourage active participation.
For more information, one can watch the video.
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