General

What is the impact of 1 tick change on India VIX portfolio?

The underlying India VIX has a tick value of 0.0025 and the futures on India VIX has tick value of 0.25. Using the above example change in 1 tick will have following impact. As it may be seen, change in 1 tick will change value of 1 contract of India VIX futures by Rs.150