FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
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Nuvama Mutual Fund Investment 2024

Rated 3.5/5 by InvestorGain Team
Nuvama Wealth Mutual Fund Investment
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Do you want to invest in mutual funds? If yes, Nuvama Wealth mutual fund platform provides access to both direct and regular mutual fund schemes from the top fund houses like Axis, HDFC, ICICI, Tata, and more. There are thousands of schemes across equity, debt, and hybrid asset classes available with Nuvama you can choose from and invest in the best scheme that matches your profile. Investment in a direct plan saves commissions upto 1% - 1.5%. So what are you waiting for, Open a free Nuvama mutual fund account by simply registering KYC online and start mutual fund investment at zero commission or brokerage fee.

Read the complete review to know more about Nuvama account opening fees, how to start SIP in mutual funds in Nuvama, brokerage charges, mutual fund platforms, and more.

Why to invest in mutual funds with Nuvama?

  • Free instant paperless account opening.
  • Zero commission or brokerage fee.
  • Both direct and regular schemes from 40+ mutual fund houses.
  • Start SIP with as low as Rs 500/month.
  • Invest via SIP or make a one-time lumpsum investment.
  • Invest in mutual funds through the Nuvama Markets app or web platform.

Nuvama Mutual Fund Charges

Nuvama mutual fund Account Opening Fee Free
Nuvama mutual fund Account AMC Free
Nuvama Demat Account AMC Lite-Rs 300, Elite-Rs 500
Nuvama Mutual Fund Brokerage Free (Rs 0 brokerage)
Nuvama Mutual Fund Commission 1.5%-2% on regular plans

Nuvama Mutual Fund Account

Open a 100% paperless mutual fund account in Nuvama Wealth for free. At the time of opening an account, you must select the mutual fund segment and the segment will be activated.

However, if you already have an equity trading account and now wish to invest in mutual funds also, then you have to submit the duly filled and signed Nuvama Mutual Fund Segment Activation form to the broker. Once done, you can start investing in mutual funds.

Note: To invest in direct plans, you have to subscribe to the Nuvama Infinity Plan.

Nuvama Mutual Fund Brokerage

No brokerage, yes, investment in mutual funds with a Nuvama account is absolutely free at zero commission charges. If you choose to invest in a direct plan, it saves upto 1%-1.5% of the commission fee and provides even greater returns.

Nuvama Mutual Fund SIP

Nuvama Wealth's full-service stockbroking allows its customers to invest systematically via the SIP route. You can start SIP in your choice of mutual fund scheme with just Rs 500 a month.

Steps to start SIP In Nuvama;

  1. Log in to the Nuvama account on the web or app.
  2. Go to the Mutual Fund section.
  3. Select your choice of mutual fund scheme.
  4. Tap on the “Start SIP” option.
  5. Enter order details like SIP amount, date, and select the investment tenure.
  6. Submit the order and confirm the first SIP payment.
  7. Your mutual fund investment is successful and your SIP installment will get automatically debited from the linked bank account on the due date.

Nuvama Markets Mutual Fund App

Nuvama Markets app is an all-in-one trading and investing app by Nuvama Wealth. Customers can purchase, redeem, or place SIP or lumpsum orders in mutual funds. The app also facilitates you to view the order book, SIP request book, and top-performing mutual fund schemes.

There are thousands of direct and regular mutual fund schemes available with Nuvama. Download the Nuvama mutual fund app now on Android and iOS Smartphone, select the best one of your choice, and invest either via SIP or lumpsum route.

Nuvama Mutual Fund Customer Care

Nuvama mutual fund customer helpline number [email protected]
Nuvama mutual fund toll-free number 1800-102-3335
Request call back from Nuvama Wealth

FAQs

Yes, Nuvama app and web platform provides access to the direct mutual fund schemes of all top AMCs including but not restricted to HDFC, ICICI, Axis, Tata, etc. Investment in direct plan saves 1-1.5% of commission charges.

 

 

SIP is a systematic investment process to invest a fixed sum of money at regular intervals of time. Check out the steps to start a mutual fund SIP in Nuvama Markets App;

  • Login to the Nuvama Markets mobile app.
  • Tap on the more button at the bottom and hit the “MFSS” option.
  • Now, select the “Place SIP order” action.
  • Select the scheme of your choice and the page will display asset size, NAV, 1-year returns, etc.
  • Enter the amount you wish to invest and select a SIP due date.
  • Recheck and confirm the order.
  • Check the SIP order in the “Order Status” option.

 

 

You can redeem your investment in mutual funds online through the Nuvama trading website or mobile app. You can either redeem the full amount or partial amount as per your choice.

Steps to withdraw Mutual Funds from Nuvama Markets app;

  1. Log in to the Nuvama Demat Account on the web or app.
  2. Tap on the “See Holdings” and click on the “Mutual Fund” option.
  3. Select the scheme and click on the “Redeem” option next to the scheme you want to withdraw from.
  4. Enter details like full withdrawal or in case of partial redemption, enter the units or amount.
  5. Review and confirm the redemption order.

The funds withdrawn will be credited into your bank account within 2-3 working days. You can also withdraw mutual funds offline by visiting any branch and submitting the redemption request physically.

 

 

You can check all your investment in mutual fund schemes with Nuvama online by login to the web or app platform. Follow the below steps to track your mutual fund holdings;

  1. Log in to your Nuvama Account.
  2. On the top menu bar, click on the “See Holdings” tab.
  3. Now, select the mutual fund section and the window will display all the MF investment.

 

 

If you want to invest a fixed sum at a given point of time then you should chose to invest a one-time investment in mutual funds.

Steps to invest lumpsum in Nuvama mutual funds;

  1. Log in to the Nuvama Account using login credentials.
  2. Select the scheme, you wish to invest money in.
  3. Tap on the “Make one-time investment” option.
  4. Enter investment amount and make payment.
  5. That’s done! Your investment is successful.

 

 

You can download the Nuvama Mutual Fund Segment Activation Form from the broker’s website under the Important Links section. To enable/activate the mutual fund investment segment in Nuvama, you have to provide the duly filled MF segment activation form to the broker. The activation form requires users to fill in details like client code, client name, and Demat A/c No. Once the segment is activated, you can start investing in any mutual fund scheme in line with your investment goal and risk appetite.

Nuvama Mutual Fund Segment Activation Form

 

 

Nuvama Wealth platform has all the investment features required to invest in mutual funds such as follows;

  • Invest in direct or regular plan.
  • Thousand of mutual fund plans from 40 AMCs.
  • Hassle-free paperless investment process.
  • Free investment at Rs 0 brokerage.
  • Invest on the web or Nuvama Markets app platform.

 

 

Last Updated on 2024-01-15