Nifty Financial Futures

Nifty Financial Futures trade in lots of 60 units on NSE. One contract controls 60 units of the underlying. Margin and P&L are both calculated on this lot size - not on the full notional contract value.

Nifty Financial Futures expire on the last Tuesday of the month. INDmoney shows near, mid, and far month contracts — switch between them using the expiry tabs above. Positions not closed before expiry are cash-settled at the final settlement price on expiry day.

Basis is the difference between the Nifty Financial Futures price and the Nifty Financial spot price. A positive basis means futures are trading above spot; a negative basis means below. Basis typically narrows toward zero as the contract approaches expiry.

Nifty Financial Futures require SPAN margin plus exposure margin as set by NSE. The exact amount changes daily based on volatility. You can check the current margin requirement on INDmoney before placing an order — you do not pay the full contract value upfront.

Yes. You can square off your Nifty Financial Futures position any time during market hours by taking the opposite trade — sell to exit a buy, buy to exit a sell. Most traders close before expiry. Index futures like Nifty Financial are always cash-settled at expiry — there is no physical delivery of shares, so no additional margin is needed at expiry.

Gains and losses on Nifty Financial Futures are treated as non-speculative business income and taxed at your income slab rate. STT applies on the sell side. Brokerage, exchange transaction charges, GST, and SEBI turnover charges also apply. F&O losses can be set off against other business income and carried forward for up to 8 years. Consult a tax advisor for your specific situation.