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FINNIFTY FnO- NSE introduces Future and Options Contracts on Nifty Financial Services Index

January 11, 2021 by arunpalsingh Leave a Comment

NSE has introduced F&O contracts including weekly options on Nifty Financial Services index.

Nifty financial service index or FINNIFTY covers the top banking, insurance, housing finance, NBFC and other financial services companies.

Trading in these contracts will begin wef from Monday 11th, 2021. In order to promote the contract.

In a promotional attempt the  NSE has also declared that exchange transaction charge will not be charged for FINNIFTY for the first six months.

So ready for FINNIFTY FnO?

What are Index constituents of FINNIFTY

Company Industry Weight%
HDFC Bank Banks 27.13
HDFC Housing Finance 17.51
ICICI Banks 14.14
Kotak Banks 12.1
Axis Banks 6.46
Bajaj Finance NBFC 5.64
SBI Banks 4.06
Bajaj Finserv Insurance 2.29
HDFC Insurance Insurance 2.21
SBI Life Insurance Insurance 1.43
ICICI Lombard General Insurance Insurance 1.37
Shriram Transport Finance NBFC 0.87
ICICI Prudential Life Insurance Insurance 0.74
Piramal Other Financial Services 0.68
Bajaj Holdings & Investments NBFC 0.66
Cholamandalam Investment & Finance NBFC 0.66
HDFC AMC Other Financial Services 0.59
Power Finance Corporation Financial Institution 0.54
REC Financial Institution 0.49
Mahindra and Mahindra Financial Service NBFC 0.44

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