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Nuvama Wealth Brokerage Charges, AMC and Trading Charges and overview - We have divided this section into 3 parts. In the first part, we have explained the fees for opening Nuvama Wealth trading account and AMC (if charged by the broker). In the second part, we have talked in detail about Nuvama Wealth brokerage plan/ trading plan. In case broker supports multiple plans, it will be explained in this section. In the third part, we have covered brokerage charges, list by charges for each segment, including Equity Delivery, Intraday, F&O, Currency Derivatives and Commodities. We have also covered Nuvama Wealth demat account opening charges & AMC, and complete Nuvama Wealth demat charges in detail.
Current promotion offer from Nuvama for InvestorGain Visitors:
Opening a trading account is a one-time fee that Nuvama Wealth charges when you open your account.
Trading AMC (Annual Maintenance Charges) is an annual fee charged by Nuvama Wealth for maintaining your account. This is the annual fee and is deducted from your account even if you haven't traded for a year. Normally, the AMC for the trading account is free of charge.
| Seq No. | Transaction | Duration | Fee |
|---|---|---|---|
| 1. | Trading Account Opening Charges | One Time | Free |
| 2. | Trading Annual Maintenance Charges(AMC) | Yearly Fee | Free |
This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.
| Segment | Value |
|---|---|
| Plan Name | Nuvama Lite |
| Monthly Plan | NA |
| Equity Delivery | Flat Rs. 10 per executed order |
| Equity Intraday | Flat Rs. 10 per executed order |
| Equity Futures | Flat Rs. 10 per executed order |
| Equity Options | Flat Rs. 10 per executed order |
| Currency Futures | Flat Rs. 10 per executed order |
| Currency Options | Flat Rs. 10 per executed order |
| Commodity | 0.01% |
Please refer our unique and accurate Nuvama Wealth Brokerage Calculator. We have covered each charges including stamp duty by state also to match your contract note.
The plan is available for online users only, which charges brokerage on the basis of percentage. In the Nuvama Elite plan, you will get many benefits such as dedicated RM, customized brokerage, portfolio monitoring, free call and trade services, etc.
| Segment | Value |
|---|---|
| Plan Name | Nuvama Elite |
| Monthly Plan | NA |
| Equity Delivery | 0.300% |
| Equity Intraday | 0.030% |
| Equity Futures | 0.030% |
| Equity Options | Rs 75 per lot |
| Currency Futures | 0.020% |
| Currency Options | Rs 20 per lot |
| Commodity | 0.01% |
Nuvama Wealth Equity Brokerage Charges (Equity Delivery Brokerage - Flat Rs. 10 per executed order, Equity Intraday Brokerage - Flat Rs. 10 per executed order, Options Brokerage - Flat Rs. 10 per executed order and Futures Brokerage - Flat Rs. 10 per executed order) are the total trading costs that a client has to pay for trading in equity. They are calculated by adding all the taxes and fees that are charged in addition to the brokerage fees. The charges and taxes are brokerage, transaction charges, STT (Securities Transaction Charges), GST, stamp duty and SEBI charges. There are differences in trading charges for equity delivery, equity intraday, equity futures & options trading cost. Please refer to the details below:
| Type | Charges |
|---|---|
| Brokerage Equity Delivery | Flat Rs. 10 per executed order |
| Transaction Charges Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr |
| STT Equity Delivery | 0.1% on Both Side(Buy and Sell) |
| Stamp Duty Equity Delivery | Rs 1500 Per Cr on Buy only |
| Brokerage Equity Intraday | Flat Rs. 10 per executed order |
| Transaction Charges Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr |
| STT Equity Intraday | 0.025% on Sell |
| Stamp Duty Equity Intraday | Rs 300 Per Cr on Buy only |
| Brokerage Equity Futures | Flat Rs. 10 per executed order |
| Transaction Charges Equity Futures | NSE:200 Per Cr | BSE:FREE |
| STT Equity Future | 0.0125% on Sell |
| Stamp Duty Equity Future | Rs 200 Per Cr on Buy only |
| Brokerage Equity Options | Flat Rs. 10 per executed order |
| Transaction Charges Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr |
| STT Equity Options | 0.0625% on Sell |
| Stamp Duty Equity Options | Rs 300 Per Cr on Buy only |
| SEBI Turnover Charges | Rs 10 Per Cr |
| GST | 18% on the Brokerage and Transaction charges |
| Brokerage Calculator | Nuvama Wealth Brokerage Calculator |
Nuvama Wealth currency trading charges are the total trading costs that a client has to pay for trading in currencies. They are calculated by sum up all the taxes and charges that are charged in addition to the brokerage fees. The charges and taxes are transaction charges, STT or securities transaction fees, GST, stamp duty and SEBI charges. The brokerage of trading in Nuvama Wealth Currency Futures - Flat Rs. 10 per executed order and Nuvama Wealth Currency Options - Flat Rs. 10 per executed order. Please read the details below:
| Type | Charges |
|---|---|
| Brokerage Currency Futures | Flat Rs. 10 per executed order |
| Transaction Charges Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr |
| Brokerage Currency Options | Flat Rs. 10 per executed order |
| Transaction Charges Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr |
| STT | No STT |
| Stamp Duty Equity Future | Rs 10 Per Cr on Buy only |
| SEBI Turnover Charges | Rs 10 Per Cr |
| GST | 18% on the Brokerage and Transaction charges |
Nuvama Wealth Commodity Trading Charges are the total trading costs that a client has to pay for trading commodities. They are calculated by adding up all the taxes and fees that are charged in addition to your brokerage fee. The fees and taxes are transaction charges, CTT or securities transaction charges, GST, stamp duty and SEBI charges. The brokerage of trading in Nuvama Wealth Commdity - 0.01%.
| Type | Commdity |
|---|---|
| Brokerage | 0.01% |
| Transaction Charges | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
| STT/CTT | 0.01% on Sell |
| SEBI Turnover Charges | Rs 10 Per Cr |
| Stamp Duty* | 0.01% subject to a maximum of Rs 50 - Varies by State |
| GST | 18% on the Brokerage and Transaction charges |
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Upto 24 Hrs except Bank Holidays.
Information Not Available
Margin Funding Facility - Yes - 24% interest PA
To operate your account, you need to link your primary bank account with Nuvama Wealth. You can add one or more bank account to fund transfer or pay-in your Nuvama Wealth trading account. Fund withdrawal request is always associated with your primary bank account. You need to pay a small amount of fund withdrawal charges which are mentioned in above section. You can link any public and private bank as your primary and secondary bank account. To open a trading account you must have bank information which includes Name, Address, IFSC Code and account number on your cheque, bank statement or bank passbook.
There is no minimum deposit requirement when you open a trading and demat account with Nuvama Wealth. You need to pay account opening charges and demat AMC, if applicable. Once your account is up and ready you need to transfer fund to start trading.
Nuvama Wealth don't have any hidden charges. All charges and plan details are clearly defined in account opening document. No minimum charges or no other charges applicable.
Equity Cash, Intraday and F&O trading timing (BSE/NSE) is 9:15 am to 3:30 pm, Square off timing is 3:15 pm.
Currency Derivatives Trading Timing (NSE/BSE) - Trading open time 9:00 am and close time 5:00 pm (Currency F&O – USDINR, EURINR, GBPINR and JPYINR) and 7:30 pm (Cross Currency F&O – EURUSD, GBPUSD and USDJPY).
Commodity Trading Timing – Agri Commodity – 10 am to 5 pm, Other Commodities – 10 am to 11:30 pm.
In this section we have covered general question related to Nuvama Wealth brokerage and demat account charges like -
No, delivery traders who invest in stocks have to pay Rs 10 flat fee while trading with Nuvama Wealth. Unlike India’s top discount broker Zerodha, Nuvama Wealth does not facilitate free investment in shares.
Trade at either a flat fee of Rs 10/order with the Lite Plan or if you want to access premium services subscribes to the Elite, a percentage-based brokerage plan with many value-added features like free call & trade, dedicated RM, and advisory, proactive portfolio monitoring, free research, and more. The brokerage charges in the Elite plan are 0.03% on intraday and equity futures, and 0.30% on delivery, while equity options and currency options trading brokerage is Rs 75 and Rs 20 per lot.
Lite plan subscribers can switch to the Elite Plan for free while Elite Plan subscribers have to pay a one-time Rs 2,500 fee to switch to the Lite Plan.
No, the full-service brokerage house has transparent Lite and Elite pricing models and the brokerage details are clearly provided on the website for all the segments and other value-added services. There is no minimum balance commitment on the Nuvama Trading Account and also there are no hidden charges levied by the broker.
Nuvama Wealth charges flat Rs 10 per trade brokerage fee on equity delivery (Cash N carry) orders. It is a fixed fee that is not affected by the trade value. However, under the Elite Plan, the delivery brokerage is 0.30% of the trade value.
Nuvama Wealth Elite Plan is subject to a minimum brokerage fee. It charges a minimum brokerage fee of Rs 25 and 2.5% of the trade value on equity cash transactions. Thus, the applicable brokerage fee will be higher of the standard brokerage rates prescribed in the Elite plan and minimum brokerage fee.
Elite is a traditional brokerage plan that charges volume-based brokerage fee on trading on different exchanges. Being a slab-based pricing model, the plan charges higher fees on high trade value or vice-versa but have great features including dedicated relationship manager, free call & trade, special trade assistance, RM or advisors assistance, free research, zero payin charges, and many more complimentary value-added features.
Nuvama Lite is a flat discount brokerage plan suitable for DIY kind of traders and investors who do not need expert assistance and premium services. The plan helps traders to save a lot on the brokerage front by paying a fixed brokerage fee of Rs 10/order on every trade.
However, users will not get free access to the Nuvama research reports & recommendations, relationship manager assistance, and also have to pay call & trade charges, net banking payin charges, etc.
Last Updated on 2024-01-15
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