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Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm.
It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes.
The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options.
Nuvama offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best array of trading platforms available for all mediums (Mobile app, a website & desktop trading software). All trading platforms are equally good & easy to understand, with Nuvama Mobile Trader app being the highest-rated app in India.
Edelweiss Group has a strong presence across India with over 475 offices in 200 locations. It has 11,938 employees catering to over 12 lakh clients across various businesses.
Nuvama has won many awards for its services and use of technology. Some of the major awards won in recent times include ABP BFSI Awards 2017, National Digital Marketing Awards, 2017 and Best Broker in India at Finance Asia (Hongkong) Country Awards 2016 and BBC Knowledge.
Account Types
Nuvama offers 3 types of brokerage plans to suit the varied needs of the traders.
- Nuvama Lite (Discount Brokerage Plan)
The next generation online trading plan is for people who can trade online with the tools provide and with minimum support from the broker. This plan offers trading at ultra-low brokerage fee of flat Rs 10 per executed order across all trading segment at BSE, NSE and MCX.
- Nuvama Elite
Under this plan, the company charges a percentage of the trade value as the brokerage. This full service plan offers personalized trading experience by providing you relationship managers at no extra cost.
- Advance Subscription (prepaid) Plans
Under advanced subscription or prepaid plans, customers have to pay a lump sum amount upfront for 12 months. The brokerage charged under prepaid plans is much lower than that of Standard Plan. This plan is for active traders who also get personal relationship manager, higher leverage, free research & training and a low brokerage fees included in the plan itself.
Nuvama (Edelweiss) Charges 2023
1. Account Opening Fees & Annual maintenance charges (AMC)
Nuvama offers free account opening for trading and demat accounts. The Nuvama Demat Account Annual Maintenance Charges is Rs 500 per year. The demat AMC is free for the first year.
Trading and Demat Account Opening Charges | Rs 0 (Free) |
Demat Account AMC | Rs 500 per annum (1st Year Free) |
2. Nuvama Lite Plan Charges
Nuvama Lite Plan is a flat-rate discount brokerage plan offered to online customers. They charge flat Rs 10 per executed order for trading in equity delivery, intraday and F&O. The same brokerage is charged for trading in currency derivatives.
Segment | Brokerage Charges |
---|---|
Equity Delivery & Intra-day | Rs 10 per executed order |
Equity Futures & Options | Rs 10 per executed order |
Currency Futures & Options | Rs 10 per executed order |
3. Nuvama Elite Plan Charges
Nuvama Elite Plan is a traditional full-service brokerage plan. They charge 0.30% for equity delivery, 0.03% for equity intraday and futures, Rs 75 per lot for equity options, 0.02% for currency futures and Rs 20 per lot for currency options. This plan offers online & offline trading, personal relationship manager, free research and many other benefits.
Segment | Brokerage Charges |
---|---|
Equity Delivery | 0.30% |
Equity Intra-day | 0.03% |
Equity Futures | 0.03% |
Equity Options | Rs 75 per lot |
Currency Futures | 0.02% |
Currency Options | Rs 20 per lot |
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