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Full Service Broker Depository: NSDL
20

A full-service broker providing investment & trade in all major segments like Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities and Futures & Options at discounted costs. Nuvama has an active client base of 1,74,046 as of October 2023.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans:

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 300

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

0.01%

Equity Intraday Brokerage

0.01%

Equity Futures Brokerage

0.01%

Equity Options Brokerage

₹ 10

Currency Futures Brokerage

0.01%

Currency Options Brokerage

₹ 10

Commodity Futures Brokerage

0.01%

Commodity Options Brokerage

-
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

10x

Equity Futures Margin

10x

Equity Options Margin

0x

Currency Futures Margin

10x

Currency Options Margin

0x

Commodity Futures Margin

3x

Commodity Options Margin

-
Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 500

Call & Trade Charges

Free
Brokerage

Equity Delivery Brokerage

0.30%

Equity Intraday Brokerage

0.03%

Equity Futures Brokerage

0.03%

Equity Options Brokerage

₹ 75

Currency Futures Brokerage

0.02%

Currency Options Brokerage

₹ 20

Commodity Futures Brokerage

0.01%

Commodity Options Brokerage

-
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

10x

Equity Futures Margin

10x

Equity Options Margin

0x

Currency Futures Margin

10x

Currency Options Margin

0x

Commodity Futures Margin

3x

Commodity Options Margin

-
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Nuvama Market Terminal X3 Investology
Pros

Advantages and Strengths of this broker.

  1. Free research and trading recommendations.
  2. Expert-written and curated articles for value addition.
  3. User-friendly interface for both mobile and desktop.
  4. Sound relationship management team via multiple branches and franchises.
  5. Convenience of high leverage across multiple segments.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. High brokerage charges for delivery, intraday and futures.
  2. Call & Trade is available for an additional cost in Lite plan.
  3. Additional costs for research calls and trading tips.
  4. No GTC (Good Till Cancelled) and Bracket orders.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Nuvama

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(2.5)

Usability

(3)

Customer Service

(3.7)

Charges Review

  • Being a full-service broker their brokerage charges are minimal (with Lite plan).
  • Nuvama (former Edelweiss) does not offer free Equity delivery.
  • Charges of Elite plan are higher as compared to Lite plan, but the plan includes free Call & Trade, and dedicated RM is also provided.
  • The ancillary charges in Lite plan are higher.
  • They charge exorbitantly if you switch from Elite plan to Lite plan.

Customer Service Review

  • Nuvama (former Edelweiss) provides both email & call support.
  • As per customer reviews, Lite plan subscribers receive delayed responses.
  • They have a decent physical presence due to which customers can get their queries resolved conveniently.
  • Chat support is not available.

Ease of Use Review

  • The trading platform (TX3) is user friendly and technologically advanced.
  • Nuvama provides Portfolio Organizer (for analyzing portfolios) & Guided Portfolios (pre-created baskets) for investors.
  • Research recommendations are available on their website.
  • Data of FIIs and DIIs is visible to account holders with Nuvama Wealth.

Account Opening Procedure Review

  • For individual accounts, the online account opening process is easy and convenient.
  • POA form has to be submitted for physical verification in the online process.
  • The offline procedure is time consuming.
  • NRIs interested in investing in the Indian market can open their account with Nuvama.

Why Choose Nuvama ? Know Everything about Nuvama here.

Verdict

As a full-service broker, Nuvama Wealth and Investment Limited (former Edelweiss Broking) has a well-diversified customer base. Not only does it offer trading services in equity commodities, derivatives, currency, insurance, and gold ETFs, but also investment advisory, wealth management, retail finance, etc. It is also adept at providing brokerage services to both retail and institutional clients. Moreover, it has an array of financial advisory services providing research and analysis and portfolio management.

If you are an Investor, the brokers provide you with

  • Research reports for an in-depth understanding of companies.
  • Stock recommendation for long-term investors.
  • Guidance for mutual fund investment.
  • Ease of building diversified, low-cost, and long-term portfolios.
  • Expert assistance for choosing the right SIP based on research.

 If you are a Trader, the broker provides you with

  • Trading strategies and intraday call for better risk management.
  • Live market updates to enable quick trading decisions.
  • Trading tools, charting, and data analytics for analyzing market trends and patterns.
  • Customizable workspace and easy viewing of multiple screens.
  • User-friendly web-based platform for a better trading experience. 
  • Investology for conceptual understanding of trading.
  • Stock Tips and Stock Recommendations to promote active trading.

Trading Tools

Nuvama Wealth and Investment Limited offers multiple trading tools to enhance the trading experience of customers. Here is an overview of its most popular trading tools:

Nuvama Market

An all-encompassing stock market app that allows users to access numerous trading-related tools and updates, the major features of Nuvama Market that make trading convenient are as follows:

  • Comprehensive stock tracking sections for Equity, Derivatives, etc, 
  • Live updates on market news and all vital technical and financial information,
  • Predefined and customizable watchlists that can keep up to 100 stocks,
  • Advanced charting across multiple chart types.

Terminal X3

Terminal X3 is an emerging trading software that provides analytical solutions with an array of trading tools and features to keep traders up-to-date with the market. The multiple features provided by Terminal X3 are as follows: 

  • Thorough market news and seasonality analysis for informed decision-making,
  • Advanced charting tool with 60+ technical indicators, drawing tools, and advanced chart types,
  • Live portfolio tracking and access to multiple significant reports,
  • Comprehensive research section to view recommendations,
  • Options calculators and calenders to enable timely decision-making,
  • Timely alerts and shortcut keys to ease intraday and derivative trading.

Investology

Investology is a platform designed to enable and promote conceptual understanding of the stock market, it offers detailed articles on Stock Market-related topics and concepts. The features that distinguish it from competitors are as follows:

  • Well-defined curation of topics that range from fundamentals to advance,
  • Thoroughly categorized articles to define the ins and outs of each topic,
  • The comprehensively structured flow of sub-articles under each topic that helps to stay on track with the learning.

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00325% - NSE

0.00325% - NSE

0.0019% - NSE

0.05% - NSE

Demat Transaction Charges 

Sell side, ₹ 18.5 - per scrip 

-

-

-

Clearing Charges

-

-

0.0002% - NSE

0.005% - NSE

GST

18% on Brokerage + Transaction + Demat Charges

18% on Brokerage + Transaction

18% on Brokerage + Transaction + Clearing Charges

18% on Brokerage + Transaction + Clearing Charges

STT

₹ 100 per Lacs 

Sell side, ₹ 25 per Lacs 

Sell side, ₹ 10 per Lacs 

Sell side, ₹ 50 per Lacs 

SEBI Charges

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% for Non Agri

-

Clearing Charges

0.00%

0.00%

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

Sell side, 0.01% for Non Agri 

Sell side, 0.05%

SEBI Charges

₹ 15 per crore

₹ 15 per crore

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.04% - NSE
0.001% - BSE

Clearing Charges

0.0004% - NSE
0.0004% - BSE

0.025% - NSE
0.025% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

₹ 15 per crore

₹ 15 per crore

Nuvama Complaints & Stats

Company name:

Nuvama Wealth and Investment Limited

Contact:

Email:

epservicing@nuvama.com

Active Users:

1,74,046
Nuvama Customer Reviews

Overall Rating

4.8

Based on 4 reviews

Rating Summary

5
75%
4
25%
3
0%
2
0%
1
0%

Review Analytics

Platform 1 votes

Charges 0 votes

Transparency 0 votes

Features 0 votes

Customer Support 1 votes

ajay khonde

(5)

Posted on 12 Jul 2021

?????

m a

(5)

Posted on 02 Mar 2021

Best in every expect

tejas ravi

(5)

Posted on 21 Jan 2021

Excellent app

shekhar

(4)

Posted on 18 Dec 2020

Customer support is good for elite customers. Besides Edelweiss provides best mobile trading platform.