Nuvama is your go-to online investment platform for the Indian stock market. This software provides a seamless experience, allowing you to trade stocks, mutual funds, IPOs, NCDs, and more with a few clicks. Stay updated with real-time market updates, customizable alerts, and extensive stock charts. Nuvama enables you to make informed investing decisions by providing technical charting, unique market tracking tools, and the ability to register a Demat account.
Nuvama Wealth is part of Edelweiss Group, an extensive financial service provider in India. Edelweiss Group serves a significant retail segment through its operations like as life insurance, housing finance, mutual funds, and retail financial markets, including stock broking. This platform has 4.3/5 ratings with 53.2k reviews along with more than 1 million dowloands.
Nuvama Wealth provides online trading services via its innovative trading platforms.
- Mobile Trader – A Mobile Trading Application
- Edelweiss.in – A Trading Website
- TX3 – Desktop Trading Terminal
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Key Facts About Nuvama Wealth
- Over a decade of experience in stock brokerage.
- Registered member of SEBI, BSE, NSE, MSE, and NSDL.
- Access advanced platforms for free, with no hidden charges.
- Strong local presence throughout India.
- Paperless, quick account opening method
- Serves approximately 12 lakh+ customers.
- Dedicated research team.
More About Nuvama
| Company Name | Edelweiss Broking |
| Year Founded | 2008 |
| Founders | Rashesh Shah and Venkat Ramaswamy |
| Headquarters | Mumbai, Maharashtra, India |
| Company Type | Financial services company |
| Broker Type | Full-service broker |
Nuvama Mobile Trader App’s Features
Nuvama mobile trading app is a single software for trading in several divisions. The app allows online trading at a fixed fee of Rs. 10 per order under the Nuvama Lite plan and offers a range of unique features, as detailed below.
1. Multiple Exchange Trading
The Nuvama Wealth mobile trader app enables online trading across many exchanges, including the BSE, NSE, and MCX. Customers can use the Nuvama app to trade shares, equity futures & options, commodities, and currencies.
2. Market Watchlist.
You can create a personalized watchlist to track upto 100 favorite stocks at one click. View and track the price performance of your preferred stocks with ease. Sorting options include price change, change percentage, LTP, and others. Users can also view preconfigured watchlists such as Nifty 50 and Sensex.
3. Technical charting
Nuvama’s share market trading software includes a variety of technical charts (Heiken Ashi, Candle Stick, Renko, Points, and Figure), 80+ technical indicators, and drawing tools to help traders and investors execute stock technical analysis.
4. Mutual Fund Investment.
The Nuvama app enables for online mutual fund investments in both direct and regular plans from numerous AMCs. It allows for 100% paperless mutual fund investment, and all mutual fund units are credited to the Nuvama Demat Account.
5. Apply for IPO online.
The app’s dedicated IPO area showcases all of the newest and upcoming IPOs, IPO updates, and allotment status online. The “IPO Performance” tab feature provides extensive information about an IPO and allows you to apply for it online.
6. Easy Fund Transfer
UPI and net banking payment solutions allow you to send funds quickly, securely, and seamlessly. The technique enables for immediate fund transfers and displays the transfer status with a single tap, resulting in the fastest trading experience.
7. Market News.
The Nuvama mobile trading app offers live share market news, block trades, and company-specific and international/global market news updates to help investors make informed investment decisions.
8. Search Filters
The Nuvama app includes a variety of search filters to help you find a specific stock. Users can identify stocks at the index and sector levels using search filters such as top market gainers, top market losers, percentage change in price, and so on.
9. Price alerts
The Nuvama smartphone app allows users to generate live price notifications on the BSE and NSE exchanges. The price alert settings notify investors when a stock reaches a specific price.
10. Market Research.
Nuvama’s award-winning research team makes research recommendations in equity, derivatives, and currencies for various time horizons, including short-term, mid-term, and long-term.
11. Reports
Nuvama users can use the app to obtain over 23 reports, including transaction reports, profit and loss statements, holdings reports, ledger, DP bills, cost reports, delayed payment interest data, and more.
12. Customizable settings
Nuvama app users can modify UI options such as element look, default chart settings, in-app notifications, and live market streaming management.
Services provided by nuvama
- Trading Account
- Demat Account
- Research and Insights
- Investment Advisory Services
- Portfolio Management Services
Nuvama brokerage charges
| Trading Segment | Lite Plan | Elite Plan |
| Equity Delivery | Rs. 10 / executed order | 0.300% |
| Intraday Equity | Rs. 10 / executed order | 0.030% |
| Equity Futures | Rs. 10 / executed order | 0.030% |
| Equity Options | Rs. 10 / executed order | Rs 75 per lot |
| Currency Futures | Rs. 10 / executed order | 0.020% |
| Currency Options | Rs. 10 / executed order | Rs 20 per lot |
| Commodity | 0.01% | 0.01% |
- Lite Plan
- The Lite Plan provides a flat brokerage rate for all orders completed across trading segments.
- Each completed order incurs a fixed fee of Rs. 10 independent of the trading sector (for example, Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options, and Commodities).
- The brokerage fee for commodity trading is 0.01% of the transaction value.
- Elite Plan
- The Elite Plan offers variable or fixed brokerage fees based on the trading industry.
- The brokerage fee for equities delivery is set at 0.30% of the transaction value.
- The brokerage charge for Equity Intraday and Equity Futures is 0.030% of the transaction value.
- The brokerage fee for equity options is Rs 75 per lot.
- Trading currency futures carries a brokerage fee of 0.020% of the transaction value.
- Currency options have a predetermined brokerage cost of Rs 20 per lot.
- Commodity trading under the Elite Plan has a brokerage fee of 0.01% of the transaction value.
Nuvama other charges
Some of the other charges that one should know of before making an account with Nuvama are:
| Fee/Charge | Lite Plan | Elite Plan |
| Delayed Payment Interest (Normal) | 30% | 24% |
| Delayed Payment Interest (MTF) | 30% | 24% |
| Margin/Funding (Leverage) | For Futures and Options: 50% Cash + 50% Stock Margin required. | For Futures and Options: 50% Cash + 50% Stock Margin required. |
| Switching Charges | ₹0 for switching to Elite Plan. 2 switches are allowed. | ₹2500 for switching to Lite Plan. 2 switches are allowed. |
| Call and Trade (Advisory, Trading) | ₹20 / Call | Free |
| DP Fees (Trf Out / Sell) / Inter-settlement Fees | ₹20 per ISIN | Within Nuvama: 0.02% of the transaction value or ₹20, whichever is higher.
Outside Nuvama: 0.03% of the transaction value or ₹20, whichever is higher. |
| Payin | ₹10 Per transfer | Free |
| Payout | Free | Free |
| Physical CML Request | 1st Free + Additional ₹120 | Free |
| Physical Contract Notes | ₹50 Per note | Free |
| Cheque payment | ₹500 Per cheque | Free |
| Margin Pledge/Unpledge charges | ₹7 Per ISIN | Free |
| MTF Pledge/Unpledge charges | ₹12 Per ISIN | Free |
| Physical Statement Charges (Ledger, PNL, Tax, etc.) | ₹50 Per note | Free |
Transaction Charges
| Transaction Type | Charges |
| Equity Delivery | Rs 335 per Cr |
| Intraday Equity | Rs 335 per Cr |
| Equity Futures | Rs 200 per Cr |
| Equity Options | Rs 5050 per Cr |
Statutory Charges
| Charge Type | Equity Delivery | Intraday Equity | Equity Future | Equity Options |
| STT | 0.1% (Buy and Sell) | 0.025% (Sell) | 0.0125% (Sell) | 0.0625% (Sell) |
| Stamp Duty | Rs 1500 Per Cr (Buy) | Rs 300 Per Cr (Buy) | *Rs 200 Per Cr (Buy) | Rs 300 Per Cr (Buy) |
| SEBI Turnover Charges | Rs 10 Per Cr | Rs 10 Per Cr | *Rs 10 Per Cr | Rs 10 Per Cr |
| GST | 18% | 18% | *18% | 18% |
Nuvama Account Opening Charges
| Type of Charge | Lite Plan | Elite Plan |
| Account Opening Charges | Rs. 0 | Rs. 0 |
| AMC | 1st year Free |
Pros of Nuvama
- A user-friendly interface for trading and investing.
- Offers real-time market information and live news.
- Provides thorough information about IPOs, block deals, and market trends.
- A customizable watchlist allows you to keep track of your favorite stocks.
- Fast order execution and a smooth trading experience.
- Fee structure is transparent, with no hidden charges.
- A wide range of investment possibilities, including equities, mutual funds, and initial public offerings (IPOs).
- UPI payments offer secure fund transfer possibilities.
- The customer care personnel is responsive, yet some consumers have reported varied results.
Cons of Nuvama
- Users reported technical faults and glitches, such as loading problems, login troubles, and app freezes.
- Inconsistent performance, with some users reporting delays when updating positions and market data.
- Several reviewers claimed a lack of responsiveness to user complaints.
- Changes in app operation following updates, causing inconvenience to users.
- Some users reported trouble adding scripts to the watchlist and browsing certain features.
- Users missed the option of limited stock suggestions or research calls.
- Some customers reported issues with the fingerprint lock functionality.
- Complaints regarding the app’s responsiveness during important trading moments.
- Some users experienced account suspensions without prior notice or explanation.
Customer Care
Users can easily communicate with the customer care team using the following communication platforms:
- Toll-Free Number: Call Nuvama’s customer service team at 1800 102 3335. The toll-free number ensures that users can obtain support without incurring any call charges. The customer service team is available from 8:30 a.m. to 5:30 p.m.
- Email assistance: If you prefer textual communication, Nuvama provides email assistance. Users can contact the customer service team at helpdesk@nuvama.com with any questions or issues. The crew responds quickly to emails and works hard to efficiently resolve consumer difficulties.
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Conclusion
Nuvama provides a comprehensive online investment platform for the Indian stock market, allowing users to trade stocks, mutual funds, IPOs, and other securities seamlessly. Its user-friendly design, real-time market data, customizable watchlists, and technical charting tools make it an appealing option for investors. Its straightforward cost structure, UPI payment alternatives, and responsive customer support channels all contribute to its attractiveness. However, some users have observed technical difficulties, irregular performance, and app responsiveness concerns, all of which may have an influence on the overall user experience. Despite these problems, Nuvama’s diverse investment choices and devotion to client service make it an attractive alternative for people interested in stock trading and investing.
