Product Details
Brokerage and Fees
Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): Flat fee of INR 10 per executed order.
Brokerage Charge For Intraday Trading: Flat fee of INR 10 per executed order.
Brokerage Charge For F&O Trading: Flat fee of INR 10 per executed order.
Demat Debit Charge: INR 20 or 0.02% whichever is higher per ISIN per debit transaction.
Account Opening Charges: INR 0.
Annual Maintenance Charge: INR 300 from 2nd year onwards. 1st year free.
Payment Gateway Charges Netbanking: INR 10
Payment Gateway Charges UPI: INR 0.
Overdue Interest Charges: 30%.
Monthly Platform Fee: INR 50 per month for research reports (users can opt out). INR 50 per month for whatsapp notifications (users can opt out).
Digital KYC Charges: INR 0
Physical Settlement Charges: 0.2% for F&O.
Call & Trade Order: INR 20 per executed order.
Account Opening Fees
Nil.
Eligibility
Majority age
Annual Fees
INR 300.
Nuvama (Edelweiss app) Review
Special Features
A number of features are offered for free such as advance charting, news, guided portfolios, watchlist, screeners.
Features
Cons
Limit
Pros
Feature rich app.
Part of the Edelweiss group.
Clean and simple interface.
Pros and Cons
How to Apply?
To open an account with Nuvama, you can follow these steps:
Visit the Nuvama website or app: Go to the Nuvama website (https://www.nuvamawealth.com/) or download their mobile app.
Click on "Open an Account": Look for the "Open an Account" button or tab on the website or app and click on it.
Fill in your details: Enter your personal information, such as name, contact details, PAN number, etc.
Complete PAN verification: Enter your PAN number and date of birth as per your PAN card for verification.
Provide profile details: Fill in your profile details, including name, address, and other required information.
Upload KYC documents: Upload scanned copies of your KYC documents, such as PAN card, Aadhaar card, address proof, and bank proof.
Complete eSign process: After your documents are verified, complete the eSign process to digitally sign the application form.
Your account will be opened within 12-24 hours after successful verification of your documents.
Documents Required
Pan card Address proof - Aadhar Card Personalized Cheque duly cancelled and signed Or Bank statement (Latest 3 months) that should consist of IFSC code, MICR code and account number. Signature Image (If Signed Cancelled Cheque is not provided) Image of passport size photograph.
Account Opening and Procedures
Nuvama Lite Review
Nuvama offers a flat fee of INR 10 for equity delivery trades (normal trading), which is low if lets say you are investing INR 1 Lakh at a time (only 0.001%) but if you are making small trades of a few thousands, flat fee will hurt you. They also charge a high demat debit fee 20 or 0.02% whichever is higher per ISIN per debit transaction. You also get deep research reports and blogs about market.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Recommedation For Stock Market Investment
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