Nuvama Wealth: A detailed Review

Created on 11 Jul 2023

Wraps up in 6 Min

Read by 3.1k people

Updated on 01 Dec 2023

Nuvama Wealth is an online platform offering various financial products and services to help investors achieve their goals. Whether you are looking for stocks, mutual funds, derivatives, commodities, currency, insurance, or primary markets, Nuvama Wealth has something for you. In this blog, we will review the features, benefits, and drawbacks of Nuvama Wealth and help you decide if it is the right choice for you.

What is Nuvama Wealth?

Nuvama Wealth is the new name of Edelweiss Wealth Management, a subsidiary of Edelweiss Financial Services Limited. The name Nuvama is derived from the Sanskrit words “nu” (new) and “vama” (beautiful), reflecting the company’s vision of creating a new and beautiful wealth management experience for its clients.

With over 475 offices spread across 200 locations, Edelweiss Group is well-represented throughout India. It employs 11,938 people to serve over 12 lakh customers from diverse businesses; out of that, Nuvama Wealth alone has over 0.3 million clients and assets under the advice of over ₹1.5 lakh crore. 

The company offers a wide range of products and services across asset classes, such as equities, mutual funds, fixed income, alternative investments, real estate, and structured products. It also provides research, advisory, portfolio management, broking, lending, and digital solutions to its clients.

Plans by Nuvama Wealth

Nuvama Wealth offers its clients three types of plans: Lite, Elite, and Advance Subscription (prepaid) Plans. 

1. Nuvama Lite

Nuvama Wealth's next-gen online trading plan offers flat ₹10 per executed order across all BSE, NSE, and MCX trading segments, preparing for competition with discount brokers. Account opening is free, and there is no Demat AMC with this plan.

2. Nuvama Elite

The Elite plan is a percentage-based plan that charges 0.30% brokerage for rich features and privileges such as a dedicated relationship manager, free access to many tools, no minimum orders, and value-added services. 

3. Advance Subscription (prepaid) Plans

Customers pay a lump sum upfront for advanced subscriptions or prepaid plans for 12 months. The prepaid plans offer significantly lower brokerage charges compared to the Standard Plan. This plan is designed for active traders and includes benefits such as a personal relationship manager, higher leverage, free research and training, and low brokerage fees.

Charges of Nuvama Wealth


Lite Plan

Elite Plan

Equity Delivery

₹10.00 / executed order


Equity Intraday

₹10.00 / executed order


Equity Futures

₹10.00 / executed order


Equity Options

₹10.00 / executed order

₹75.000 / lot

CUR Futures

₹10.00 / executed order



CUR Options

₹10.00 / executed order

20.000 / lot

Call and Trade (Advisory, Trading)

₹20 / Call


What are the strengths of Nuvama Wealth?

1. Free Research and Trading Recommendations:

One of the critical advantages of Nuvama Wealth is its provision of free research and trading recommendations. Investors and traders can access expert-written and curated articles to gain valuable insights and make informed decisions. This feature is particularly beneficial for those who are new to investing or seeking expert guidance.

2. User-Friendly Interface for Mobile and Desktop:

Nuvama Wealth provides a user-friendly interface for both mobile and desktop platforms. This allows clients to conveniently access their accounts, track investments, place trades, and analyse market trends from anywhere at any time. The intuitive design of their trading platform, TX3, enhances the overall trading experience.

3. Sound Relationship Management Team:

With multiple branches and franchises, Nuvama Wealth boasts a robust relationship management team. This ensures that clients have access to personalised assistance and support. The availability of physical branches enables customers to have their queries resolved conveniently and build a strong rapport with their relationship managers.

4. Convenience of High Leverage:

Nuvama Wealth offers the convenience of high leverage across multiple segments. This allows traders to amplify their positions and potentially increase their returns. However, it's important to note that high leverage also comes with increased risk, so it should be used with caution and appropriate risk management strategies.

Services for Other Investment Options

In addition to its core brokerage services, Nuvama Wealth offers various services for investing in other financial assets, including:

1. Mutual Funds:

Clients can invest in mutual funds through Nuvama Wealth's platform. This allows them to diversify their investment portfolio and gain exposure to a wide range of professionally managed funds.

2. IPO Platform:

Nuvama Wealth provides an IPO platform, enabling clients to participate in initial public offerings and profit from listing gains.

3. Bonds and Debt:

Clients can access bonds and debt instruments through Nuvama Wealth. This allows them to diversify their portfolio beyond equities and tap into fixed-income investments.

4. Exchange Traded Funds (ETFs):

Nuvama Wealth offers investment options in ETFs, which are investment funds traded on stock exchanges. ETFs provide diversification and are designed to track the performance of specific indices or asset classes.

Trading Tools of Nuvama Wealth

Nuvama Wealth offers a range of trading tools to enhance the trading experience for its customers. Here are the key trading tools provided by Nuvama Wealth:

1. Nuvama Market:

2. Terminal X3:

3. Investology:

Reviews of Nuvama Wealth

1. Charges

With its Lite plan, Nuvama Wealth offers minimal brokerage fees but does not provide free equity delivery. In contrast, the Elite plan has higher charges but includes benefits like free Call & Trade and a dedicated relationship manager. On the other hand, the Lite plan incurs higher ancillary costs, and switching from the Elite plan to the Lite plan may result in excessive fees.

2. Customer Review

Nuvama (formerly Edelweiss) provides email and phone support, but Lite plan subscribers may experience delayed responses. However, they have a convenient physical presence for query resolution, but chat support is unavailable.

3. Account Opening Procedure

The online account opening process for individual accounts with Nuvama Wealth is easy and convenient. However, a Physical Verification (POA) form needs to be submitted for verification. The offline account opening procedure is time-consuming. NRI investors interested in the Indian market can also open an account with Nuvama Wealth.

What are the drawbacks of Nuvama Wealth?

Nuvama Wealth also has some drawbacks that investors should be aware of before choosing it as their wealth management partner. Some of these are:


Nuvama Wealth is a comprehensive wealth management platform that offers a range of financial products and services to help investors achieve their goals. It has several features and benefits that make it an attractive choice for investors who are looking for trust, personalisation, diversification, and technology in their wealth management partner. However, it also has some drawbacks that investors should consider before choosing it as their wealth management partner.