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Open Instant and Online account with Edelweiss in 15 mins.One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the industry-leading trading platforms; Nuvama Markets share trading App and Terminal X3 Desktop Trading Software.
Nuvama Wealth is a part of Nuvama Group (formerly Edelweiss Securities), one of India’s largest wealth management service providers. The full-service broker offers a comprehensive range of financial products including equities, derivatives, currencies, commodities, IPO, mutual funds, insurance, etc. It also offers investment advice, research, and wealth management services.
Learn more about Nuvama Wealth, including account opening fees, brokerage plans, margins, trading platforms, customer support, pros and cons.
Although Nuvama Wealth is a full-service broker, it has the lowest brokerage fees. Yes, trading in all segments (NSE, BSE, MCX) is charged at a maximum of Rs 10/order flat brokerage at Nuvama. You can open a free trading and demat account and trade at a flat fee of Rs 10/order irrespective of which segment you trade in.
Nuvama has the lowest brokerage fees and offers the best proprietary trading platforms, including the Nuvama Markets app and the super-fast TX3 desktop terminal.
All in all, Nuvama Wealth is a one-stop broker for all your investment needs. Moreover, the expert team provides in-depth research on more than 250 stocks to help you make the right investment decision.
Current promotion offer from Nuvama for InvestorGain Visitors:
>Broadly, Nuvama Wealth has two pricing plans; Lite plan and Elite Plan. Select the right plan based on what type of trader or investor you are.
Lite plan is a discount brokerage plan that charges ultra-low brokerage of flat Rs 10 per order. Whether you trade in any segment be it stocks, derivatives, currencies, or commodities, the brokerage charged is Rs 10 per executed order.
It is the cheapest brokerage fee in the industry as many popular brokers like Zerodha, Groww, Angel One, Fyers etc. charge Rs 20 as brokerage.
In this plan, the broker charges a fixed percentage of trading value as the brokerage fee. Although this plan charges higher brokerage but also brings a lot of value-added offerings like a dedicated relationship manager, free call & trade, free research services, etc.
Apart from this, if you are a frequent trader, you can subscribe to the infinity plan, a premium paid plan that charges you zero brokerage for a year by paying a fixed amount.
| Trading Account Opening Charges: | Free |
| Trading Account AMC: | Free |
| Demat Account Opening Charges: | Free |
| Demat Account AMC: | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] |
Here we are comparing Nuvama Wealth with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | Nuvama Wealth | 5paisa | Zerodha | Upstox | Paytm Money |
| Service Type | Discount Broker | Discount Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | Rs 10 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 3 in 1 | 2 in 1 |
| Equity Delivery | Flat Rs. 10 per executed order | Flat Fee Rs 20 | Free | 2.5% or Rs 20 whichever is lower | 2.5% or Rs 20 whichever is lower |
| Equity Intraday | Flat Rs. 10 per executed order | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Futures | Flat Rs. 10 per executed order | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Options | Flat Rs. 10 per executed order | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Commodity | 0.01% | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Currency Futures | Flat Rs. 10 per executed order | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | NA |
| Currency Options | Flat Rs. 10 per executed order | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Rating |
For complete brokerage charges and trading plans detail please visit Nuvama Wealth Brokerage Charges.
Please refer unique and accurate Nuvama Wealth Brokerage Calculator
Having a 2-in-1 account with Nuvama Wealth allows you to trade in stocks, derivatives, currencies, and commodities. Here are the types of accounts available to be open with Nuvama;
Nuvama Wealth Broking House is a trading member of NSE, BSE, MCX, and NCDEX to allow you to trade on multiple exchanges.
The equity and commodity trading account with Nuvama Wealth provides the facility to users to buy and sell stocks and trade in the derivatives (Equity, currency, and commodity) segment.
Nuvama is a CDSL depository participant to offers a 2-in-1 account, Demat + Trading Account opening facility to customers. An integrated Trading and Demat account facilitates seamless and hassle-free buying and selling and transfer of securities into the Demat account.
Nuvama Wealth is a CDSL DP to provide depository services. All stocks and mutual funds purchased will be transferred to Nuvama Wealth Demat Account.
Nuvama charges Rs 0 demat account opening fee and also, the demat maintenance fee is zero for 1st year.
Mutual fund is an ideal investment avenue for beginners. Nuvama mutual fund platform provides access to mutual funds of more than 40 fund houses.
You can start a SIP in or make a one-time lumpsum investment in any mutual fund. Nuvama only offers regular mutual funds and does not provide direct mutual funds.
However, direct mutual fund save 1-1.5% commission and offers high returns.
Opening a mutual fund account with Nuvama Wealth is free of charge.
Complete the online account opening journey with Nuvama in a fast, secure, and hassle-free manner. If you have all the documents in hand then the account opening process will take less than 15 minutes.
Steps to open Nuvama Wealth Demat & Trading Account Online:
Once done, the internal team at Nuvama Wealth will verify all the details and documents submitted, and your account gets activated within 12 to 24 hours.
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Nuvama Wealth offers multiple trading platforms to allow customers to trade across devices. You can trade using the Nuvama Markets app, website, or TX3 trading terminal.
All of these platforms are free to use at zero platform fees. Let’s briefly review each of Nuvama's platforms;
Nuvama Markets share trading app is the best mobile trading app to trade on BSE, NSE, and MCX.
The app has numerous trading tools and analytical features useful for both traders and seasoned investors. The app has an advanced stock screener, comprehensive market watch, multiple watchlists, advanced live price charts with multi-chart set ups, upto 10 years of price history, and hundreds of technical indicators.
You will also get live research calls and trading tips from experts. Also, you can access every investment with comprehensive reports available on the Nuvama Markets App.
Nuvama share trading app is available to download on Android and iOS devices. Use the app to trade in equity, derivatives, commodities, and currencies derivatives just at a click using the Nuvama app.
If you are an intraday trader, terminal X3 is the best platform for you. TX3 is an advanced desktop trading software with exceptional speed and insightful data analytics.
As a trader, you will love to trade via Nuvama TX3 terminal that has an array of trading tools.
Some of the interesting features on the TX3 software are;
Download the trading terminal on your desktop to trade in equity and commodities.
Nuvama trading website offers multiple investment products be it stocks, derivatives, mutual funds, and IPO.
From instant order placement to easy portfolio tracking and monitoring, charting, access to news, etc. features are offered on Nuvama website.
TradingView is Nuvama’s platform partner. The platform offers exceptional charting with cutting-edge analytical tools to help users in technical analysis.
Nuvama API is a suite of REST APIs and mobile SDKs to allow users to take a full control on your trading activities.
The API is offered free of cost and allows you to access live market feeds, place orders, and view trades and positions.
For detail review of mobile app and download please visit Nuvama Wealth Trading Platform Review.
The best thing about the full-service broking house is that the customer service is offered across both the online and offline channels. Nuvama Wealth Broking firm resolves customer queries over multiple communication channels including Toll-Free numbers, Email, telephonic assistance, branches, Web self-help & FAQs.
A complete spectrum of financial services, a diversified client base including retail clients and HNIs, the lowest Rs 10 flat brokerage, and the best mobile app and terminal-based trading platform make Nuvama Wealth the top brokerage house in the country.
For all traders, the broker offers intraday trading tips, advanced charts and data analytics to make the right decisions. For investors, it provides in-depth research reports, stock investment recommendations, and a diversified long-term investment portfolio.
Last updated on: 2024-01-15
Yes, Beginners usually avoid opening an account with full-service broker due to high brokerage but Nuvama Wealth despite being a full-service broker charges just Rs 10 per trade brokerage. First-time traders and investors can open a free account and start trading at highly competitive charges.
Moreover, its top-class research including market & economy research, sector specific research, stock research reports & recommendation are useful for beginners to take rationalized decisions.
In addition, user-friendly mobile app and web platform makes it extremely convenient for beginners to trade online with Nuvama Wealth.
Customers can resolve their issues or concerns by writing a grievance mail at [email protected] or calling the helpline desk at 1800-102-3335 from 8:30 AM to 5:30 PM from Monday to Friday and 10 AM – 2 PM on Saturday.
If any of your queries is not timely resolved then you can further writer your query at [email protected].
Yes, Nuvama Wealth, a part of India’s leading wealth management solution provider Nuvama Wealth Management is a safe, trustworthy, and reliable broker. It is an active trading member of BSE, NSE, MCX, and NCDEX, and is also registered with SEBI and IRDAI.
The full-service broking company is a one-stop platform for diversified trading and investment needs including equity, F&O, commodity, currency, IPO, mutual funds, bonds, NCDs, PMS, and more.
Account opening with Nuvama Wealth is free at zero fees. Further, it charges no AMC for the first year, and thereafter, the demat AMC charges in the Lite Plan is Rs 300 per annum and in the Elite Plan, it is 500 per annum.
Trade and invest in equity and derivative segments at flat Rs 10 per order fee irrespective of the segment and volume of trade.
E-SIP stands for equity SIP, a special feature that allows customers to invest a fixed sum of money in a stock during a fixed interval of time. Nuvama Wealth facilitates customers to start SIP in stocks.
Steps to do e-SIP in Nuvama app:
Intraday trading (MIS), means both the buying and selling transactions are taken on the same day, if a trader does not close MIS positions by the end of the trading session, the broker himself square-off at applicable auto square-off charges.
Day traders can choose Nuvama Wealth as a preferred broker not just due to the cheapest flat charges at Rs 10 per trade but also due to the high-speed platforms (TX3 terminal and Nuvama Markets mobile app), and intraday trading tips and recommendations from experts.
Adding money in your Nuvama through UPI is completely safe, secure, and instant. You can add funds using any UPI app like PhonePe, Google Pay, Paytm, or any other BHIM UPI app for free.
Steps to add funds in Nuvama using UPI;
You can withdraw funds from the Nuvama account anytime using the Nuvama Markets app or trading website.
Steps to withdraw funds from Nuvama account
Yes, Nuvama Wealth experts team delves deep into providing research reports and investment recommendations on over 250+ stocks. The full-service stockbroking house provides comprehensive research reports on markets, sector, economies, and stock-specific reports as well. It further provides short-term, medium-term, and long-term stock tips and recommendations for active traders and investors.
There are no charges on funds transferred to your trading account via UPI. However, if you chose to add money using net banking mode, Nuvama wealth charges Rs 10 payment gateway charges for the Lite plan users while Elite plan subscribers can transfer funds for free. Customers can place payout or withdrawal requests for free at nil charges.
Nuvama Wealth, a part of Nuvama Group is a leading wealth management solution provider that provides online trading in equity, derivatives, commodity, and currency segments. Check out the key advantages on why choose Nuvama Wealth as the preferred broker;
No, Nuvama Wealth and Investment Ltd (NWIL) is a full-service brokerage house in India. The broker offers online trading in equity and derivatives and also provides research reports and advisory services to customers. Despite being a full-service broker, the brokerage house offers a flat discount brokerage plan to trade at just Rs 10 per order in intraday, delivery, futures & options, currencies, and commodities futures segments.
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They are neither transparent nor they have good customer service
Upfront their charges may appear to be lower, but in reality they are deceiving you.
For example in pledging of shares they charge you a percentage of transaction amount, while Zerodha has capped the maximum amount to ₹30
Ratings:
Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor