FINNIFTY futures are derivative contracts that are traded and get their underlying value from the FINNIFTY index. The FINNIFTY lot size for futures and options contract is 40.
You can access FINNIFTY futures through any broker or financial institution. You can also access FINNIFTY futures with ICICI Direct through our website. Login to our website, search for futures and options, and find FINNIFTY in the option chain.
FINNIFTY measures the performance of the financial sector in India. FINNIFTY futures are derivative contracts that allow investors to buy or sell the Finnifty Index at a predetermined price and date in the future.
The Nifty Financial Services Index Futures feature a three consecutive month trading cycle - the Near-Month, Mid-Month, and Far-Month. Following the expiration of the near-month contract, a new contract is introduced on the next trading day.
FINNIFTY comprises of 20 stocks from sectors such as banking, insurance, non-banking financial companies (NBFCs), housing finance, and other financial intermediaries.
Some of the benefits of using FINNIFTY futures are:
- It offers portfolio diversification as it comprises of 20 stocks from the financial sector.
- It has a low correlation with indices like Nifty 50, Bank Nifty, and Sensex, thus reducing the overall risk and volatility of the portfolio.
- It is a sectoral index with weekly expiries, thus enabling flexibility.
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