SEBI’s Revised Lot Sizes for Index Derivatives - Effective November 20, 2024
Regulatory & ComplianceSEBI's New Index Derivative Lot Sizes21st October, 2024|12 PM IST
In line with SEBI’s latest regulation, the minimum contract value for index F&O will need to be at least ₹15 lakhs at the launch of new contracts. To comply with this, NSE will revise the lot sizes for all new index F&O contracts introduced from November 20, 2024, onwards.
Key Points to Note:
- Current Contracts: Existing weekly and monthly index F&O contracts will retain their current lot sizes until they reach expiry.
- New Contracts: Revised lot sizes will apply only to newly introduced contracts after the specified date.
Revised Market Lot Sizes:
|
Sr. No. |
Index | Symbol | Current Lot Size | Revised Lot Size |
| 1 | NIFTY 50 | NIFTY | 25 | 75 |
| 2 | Nifty Bank | BANKNIFTY | 15 | 30 |
| 3 | Nifty Financial Services | FINNIFTY | 25 | 65 |
| 4 | Nifty Midcap Select | MIDCPNIFTY | 50 | 120 |
| 5 | Nifty Next 50 | NIFTYNXT50 | 10 | 25 |
| 6 | BSE Sensex | SENSEX | 10 | 20 |
| 7 | BSE Bankex | BANKEX | 15 | 30 |
| 8 | BSE Sensex 50 | SENSEX50 | 25 | 60 |
Notes on Quarterly and Half-Yearly Contracts: The lot sizes for quarterly and half-yearly contracts will be updated as follows:
- Nifty: Change effective end of day December 26, 2024
- Bank Nifty: Change effective end of day December 24, 2024
- Sensex: Change effective end of day December 27, 2024
Clients holding positions in quarterly or half-yearly contracts must ensure these positions are in multiples of the new lot sizes to avoid any issues after the change.
Effective Dates for Expiry Changes with Revised Lot Sizes:
| Index | Contract Type | Expiry Date | Details |
| Nifty 50 | Weekly | December 19, 2024 | Last weekly expiry with current lot size |
| Weekly | January 02, 2025 | First weekly expiry with revised lot size | |
| Monthly | January 30, 2025 | Last monthly expiry with current lot size | |
| Monthly | February 27, 2025 | First monthly expiry with revised lot size | |
| Quarterly/Half | March 27, 2025 | Lot size revision effective December 26, 2024 | |
| Nifty Bank | Monthly | January 29, 2025 | Last monthly expiry with current lot size |
| Monthly | February 26, 2025 | First monthly expiry with revised lot size | |
| Quarterly | March 26, 2025 | Lot size revision effective December 24, 2024 | |
| Nifty Financial Services | Monthly | January 28, 2025 | Last monthly expiry with current lot size |
| Monthly | February 25, 2025 | First monthly expiry with revised lot size | |
| Nifty Midcap Select | Monthly | January 27, 2025 | Last monthly expiry with current lot size |
| Monthly | February 24, 2025 | First monthly expiry with revised lot size | |
| Nifty Next 50 | Monthly | January 31, 2025 | Last monthly expiry with current lot size |
| Monthly | February 28, 2025 | First monthly expiry with revised lot size | |
| Sensex | Weekly | January 03, 2025 | Last weekly expiry with current lot size |
| Weekly | January 10, 2025 | First weekly expiry with revised lot size | |
| Monthly |
January 31, 2025 |
Last monthly expiry with current lot size | |
| Monthly | February 28, 2025 | First monthly expiry with revised lot size | |
| Quarterly/Half | March 28, 2025 | Lot size revision effective December 27, 2024 | |
| BSE Bankex | Monthly |
January 27, 2025 |
Last monthly expiry with current lot size |
| Monthly |
February 24, 2025 |
First monthly expiry with revised lot size | |
| BSE Sensex 50 | Monthly |
January 30, 2025 |
Last monthly expiry with current lot size |
| Monthly | February 27, 2025 | First monthly expiry with revised lot size |