A mini derivative option contract is similar to any other existing option contract except for the minimum contract size. Currently SEBI has prescribed a minimum contract value of not less than Rs 1 lac for mini derivative contracts as compared to Rs 2 lacs for normal derivative contracts. MINIFTY option contracts would be based on the S&P CNX Nifty index. (Selection criteria for mini derivative contracts)

NSE defines the characteristics of the mini derivative option contracts such as the underlying index, market lot, and the maturity date of the contract. The option contracts are available for trading from introduction to the expiry date. The mini option contracts are European style and cash settled.

• Contract Specifications
• Trading Parameters

Contract Specifications

The contract specifications for Mini Option contracts on S&P CNX Nifty index are exactly as applicable to the underlying S&P CNX Nifty index. The trading symbol for these contracts is MINIFTY.



Trading Parameters

The trading specifications for Mini Option contracts on S&P CNX Nifty index are exactly as applicable to the underlying S&P CNX Nifty index. The value of the option contracts on MINIFTY may not be less than Rs. 1 lakhs at the time of introduction. The permitted lot size for future & option contracts shall be the same for a given underlying or such lot size as may be stipulated by the Exchange from time to time.