Nuvama Wealth & Investment Limited, formerly Edelweiss Broking Ltd., is a full-service stockbroking company with its headquarters in Mumbai, India. It was founded in 2008.
The Retail Broking division of Nuvama provides access to trading and investing opportunities in all major asset classes, including Futures & Options, Commodities, Mutual Funds, IPOs, and Currency Derivatives.
For all asset classes, trading approaches, and time horizons, Nuvama provides its clients with investing guidance that is supported by research and analysis. The best selection of trading platforms is offered by Nuvama across all platforms (mobile apps, websites, and desktop trading software). All trading platforms are excellent and simple to use, with India’s top-rated app being Nuvama Mobile Trader.
With over 475 offices spread across 200 sites, Edelweiss Group is well-represented throughout India. It employs 11,938 people to serve over 12 lakh customers from diverse industries. For its products and technological innovations, Nuvama has received numerous honours. ABP BFSI Awards 2017, National Digital Marketing Awards 2017, Best Broker in India at Finance Asia (Hong Kong) Country Awards 2016, and BBC Knowledge are just a few of the significant honours received recently.
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 of online trading plans is designed for those who are able to trade online using the available tools and with little assistance from their broker. This plan enables trading at an incredibly cheap flat brokerage charge of Rs 10 for every order that is completed at the BSE, NSE, and MCX.
- Nuvama Elite
In accordance with this strategy, the business assesses a brokerage fee as a percentage of the deal value. With the free use of relationship managers, this complete service plan gives you a personalised trading experience.
- Advance Subscription (prepaid) Plans
Customers who choose advanced subscription or prepaid plans must make a one-time upfront payment for a full year. Prepaid plans have substantially lower brokerage fees than the Standard Plan. For aggressive traders, this plan offers a personal relationship manager, larger leverage, no cost research and training, as well as minimal brokerage fees.
Nuvama (Edelweiss) Charges 2023
- Fees for account opening and annual maintenance charges (AMC)
Account opening for trading and demat accounts is free at Nuvama. The annual maintenance fee for a Nuvama Demat Account is Rs 500. The first year of the demat AMC is free.
| Trading and Demat Account Opening Charges | Rs 0 (Free) |
| Demat Account AMC | Rs 500 per annum (1st Year Free) |
- Nuvama Lite Plan Charges
A flat-rate discount brokerage package called Nuvama Lite is available to online users. For trading in stock delivery, intraday, and F&O, they impose a flat fee of Rs 10 per executed order. Trading in currency derivatives is subject to the same brokerage fee.
| 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 |
- Nuvama Elite Plan Charges
The classic full-service brokerage plan is the Nuvama Elite Plan. They charge Rs. 75 per lot for equity options, Rs. 0.30% for equity delivery, Rs. 0.03% for stock intraday and futures, Rs. 0.02% for currency futures, and Rs. 20 per lot for currency options. Online and offline trading, a personal relationship manager, cost-free research, and many other advantages are provided by this plan.
| 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 |
Nuvama (Edelweiss) Trading Software (Nuvama (Edelweiss) Trading Platforms)
1.Website
A free online trading platform, nuvamawealth.com offers trading and investment in financial items such mutual funds, commodities, and stocks. Additionally, the website provides services for instant fund transfers, news, and portfolio tracking and charting.
The ‘Quick Trading Toolbar’, which enables users to trade rapidly, is another important aspect of this website. This toolbar also records all recent activities, such as stocks watched, pages visited, positions taken, and stock or contract tracking.
Customers can trade on mobile devices thanks to Nuvama’s low bandwidth website (Mobile WAP). Customers can place trades and track stock positions in real-time on a mobile device using our incredibly lightweight website.
2. Nuvama Xpress
The Xpress is a free trading programme that runs in your web browser and provides a terminal-like experience without requiring you to install any software.
Xpress is a browser-based application that replicates the trading terminal by giving live streaming stock quotes. It was developed using Java-based technology.
With Nuvama Xpress, Nuvama customers can buy and sell equity and derivatives in the Delivery, Intraday, and T+5 segments directly from the Xpress screen.
3. Nuvama Xtreme Trader
The “Installable Desktop Trading Software” Xtreme Trader provides high frequency traders with live streaming quotations, advanced charting capabilities, and trend analysis. Powerful charting capabilities are provided by Xtreme Trader, along with a customised interface, shortcut buttons for frequently performed tasks, instant flashing research calls, stock notifications (on-screen, via SMS, and through email) based on conditions you specify, and instant flashing research calls.
4. Nuvama Mobile Trader
Clients of Nuvama can trade on the NSE, BSE in equities, derivatives, and currency using Mobile Trader, a free trading programme for smartphones. Additionally, it provides a variety of helpful features like live streaming quotes, portfolio monitoring, fund transfers, charting (candle stick, area, line, OHLC), expert research, Trade Book, Order Book, Holdings, and Balances.
Additional Information
| Offline no. brokerage / registered AP. | NA |
| Research & advisory services | Yes |
| Referral amount | NA |
| API charges | NA |
| Call & Trade charges | Free |
Advantages and Disadvantages of Nuvama (Edelweiss)
Advantages of Nuvama (Edelweiss)
The benefits of Nuvama (Edelweiss) are as follows. Before registering a Nuvama (Edelweiss) account, you must examine the pros and cons of the company. The benefits and drawbacks of Nuvama (Edelweiss) might help you decide if it is a good investment.
- Offering a discount brokerage plan in a full-service broker.
- Across all trading sectors, flat brokerage of Rs 10 per executed order.
- Free analysis, advice, and suggestions for trading.
- Instantaneous online account opening without paper.
- Excellent desktop trading programme, internet, and mobile trading applications.
- IPO investment made online.
- Facilities with high leverage in the Cash, F&O, and CDS categories.
- Numerous offline locations made possible by branches and franchises make it simple for clients.
- Add-on services like PMS and relationship managers are accessible.
Disadvantages of Nuvama (Edelweiss)
The drawbacks of Nuvama (Edelweiss) are listed below. Consider looking at the list of Nuvama (Edelweiss) disadvantages.
- Good-Till cancelled (GTC) and bracket orders are not available.
- Charge a high minimum brokerage fee of 1 paisa per share for intraday trading and 3 paise per share for futures.
- Call & Trade is possible for an extra Rs 20 each call.
- Rs. 50 per month for trading advice and research calls.
Nuvama (Edelweiss) Complaint
The quantity of Nuvama (Edelweiss) customer complaints that the exchanges have received. The Nuvama (Edelweiss) customer complaint report aids in assessing the level of service reliability and quality provided by Nuvama Wealth & Investment Limited.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
| NSE | 2022-23 | 218,206 | 107 | 0.05% |
| BSE | 2022-23 | 53,786 | 12 | 0.02% |
| NSE | 2021-22 | 193,041 | 171 | 0.09% |
| BSE | 2021-22 | 47,324 | 23 | 0.05% |
