Nuvama Stock Trading, Demat, Brokerage and Reviews 2024

Nuvama is one of the prominent stockbrokers in India. It offers a complete range of services including equity trading, mutual funds, commodities, and more. It also provides a user-friendly interface, making it accessible to beginners and experienced traders.

In this review, we will delve into the various features of Nuvama. We will examine its account opening charges, brokerage charges, features, and other offerings. Through this review, we will provide you with a thorough understanding of what Nuvama has to offer.

Nuvama Overview

Nuvama is a well-established Private company in the financial services sector, known for its comprehensive brokerage services. As a Private broker, Angel One offers numerous investment options, including stock trading, futures and options, mutual funds, currencies and commodities.

Headquartered in Ahmedabad, Angel One has been a significant player in the Indian stock market since its inception in 2008. The company was founded by Rashesh Shah, who envisioned creating a platform that democratizes investing for all.

Over the years, Nuvama has built a reputation for its user-friendly platform, competitive pricing, and extensive research tools. The company is committed to providing reliable customer support and educational resources, making it a preferred choice for traders and investors.

Nuvama A Comprehensive Company Overview

Company Overview Nuvama
Company Type Private
Broker Type Full Service
Headquarters Ahmedabad
Founder Rashesh Shah
Establishment Year 2008

Account opening and demat charges

Opening an account with Nuvama is Free, making it accessible to new investors. Once the account is set up, users will incur ongoing charges such as an annual maintenance charge (AMC) of Rs.500 (Free for first year) and a broker commission of ₹Zero, Securities Transaction Tax (STT), and other regulatory charges.

Nuvama straightforward pricing and comprehensive services make it a popular choice among investors. The combination of free account opening and competitive ongoing charges provides a cost-effective investment management solution.

Account Opening and Demat Charges

Broker Nuvama
Trading Account Opening Charges Free
Demat AMC (Annual Maintenance Charges) Rs.500 (Free for first year)
Depository

Nuvama brokerage charges

Your stockbroker charges a certain brokerage fee for every order you place. The brokerage charges of Angel One are as follows:

  • Equity delivery: You need to pay these charges when you buy and hold stocks in your trading account for a longer period. This type of trading generally charges lower brokerage charges as compared to others.
  • Equity intraday: When you buy and sell stocks on the same day, you need to pay equity delivery brokerage charges. Intraday trading mainly focuses on short-term price movements.
  • Equity futures: You have to pay equity future brokerage charges when you trade futures contracts on stocks. Equity futures are agreements to buy or sell a stock at a predetermined price on a future date. The charges for trading equity futures include brokerage fees and may also include transaction charges based on the contract value.
  • Equity options: When you trade options contracts based on stocks, you have to pay brokerage charges determined for equity options. An equity option gives the holder the right, but not the obligation, to buy or sell a stock at a specified price before or at the expiration date. The brokerage charges for options trading often include a flat fee per contract or a fee based on the option’s premium.
  • Commodity futures: These are charges for trading futures contracts on commodities such as gold, oil, or agricultural products. Commodity futures contracts are agreements to buy or sell a specific quantity of a commodity at a predetermined price on a future date.
  • Currency futures: These are charges for trading futures contracts on currencies. Currency futures involve agreements to exchange one currency for another at a set price on a future date. The charges for currency futures usually include a flat fee per contract and may vary depending on the currency pair and contract size.
  • Currency options: Charges for trading options contracts on currencies. A currency option provides the right, but not the obligation, to buy or sell a currency pair at a specified price before or at the expiration date. The charges for currency options typically include a fee per option contract and may be based on the option's premium.

Brokerage of Nuvama

Brokerage Nuvama
Brokerage Plan Lite Plan
Subscription Charges Zero
Equity Delivery Rs.10 per Trade or 0.01% (whichever is low)
Equity Intraday Rs.10 per Trade or 0.01% (whichever is Low)
Equity Future Rs.10 per Trade
Equity Option Rs.10 per Trade
Commodity Future NA
Commodity Option NA
Currency Future Rs.10 executed order
Currency Option Rs.10 per Trade

Nuvama margin exposure

Nuvama provides margin exposure to help traders and investors trade with margin money. With margin money, you can control larger positions with smaller amounts of funds. With this offering, you can amplify your trading potential and take advantage of market opportunities.

Nuvama Exposure

Exposure Nuvama
Equity Delivery 1x
Equity Intraday Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x
Equity F&O Intraday 1.3x
Commodity F&O Carry Forward 1x
Commodity F&O Intraday 1.3x
Currency F&O 1x

Nuvama other charge

Apart from brokerage charges, you also need to be aware of other charges charged by a broker. These are:

Other charges of Nuvama

Charges Nuvama
STT Equity Delivery 0.1% on buy & sell
Stamp Duty Equity Delivery 0.015% on buy
Transaction Charges Equity Intraday 0.00335% (NSE) & As per Stock (BSE)
STT Equity Intraday 0.025% on sell
Stamp Duty Equity Intraday 0.003% on buy
Transaction Charges Equity Futures 0.002% (NSE & BSE)
STT Equity Future 0.0125% on sell
Stamp Duty Equity Future 0.002% on buy
Transaction Charges Equity Options 0.053% (on premium)
STT Equity Options 0.0625% on sell (on premium)
Stamp Duty Equity Options 0.003% on buy
SEBI Turnover Charges Rs.10/ Crore (All Segment)
GST 18% on (Brokerage + SEBI + Transaction charges)

Nuvama trading platforms

Nuvama offers multiple trading platforms for traders and investors. With an easy user interface and advanced features, Angel One simplifies the trading process for beginners. Each of the following platforms offers unique and useful features for trading purposes.

Nuvama – Trading Platforms

Trading Platforms Nuvama
Android App Nuvama Android App Link
iOS App Nuvama iOS App Link
Web Trading Platform Nuvama Web Trading Link
Trading Terminal Available
Algo Trading Platform Available
Foreign Stocks Trading Platform NA
Basket Trading Platform NA
Mutual Fund Investment Platform Available
Digital Gold Investment Platform NA
Bonds Investment Platform NA

Nuvama offers

Many stockbrokers provide attractive offers to gain investors' attention. For example, some might offer a free account opening process and others might offer free delivery trading. These offers differentiate brokers, and they often use them as a strategy to attract new clients and retain existing ones. By highlighting such benefits, brokers make their services more appealing compared to competitors. Angel One’s offerings are as follows:

Nuvama Offers

Offers Nuvama
Free Account Opening Yes
Free AMC Yes
Free Brokerage No
Flat Brokerage Yes, Limited
Flexible Brokerage Plans Yes
Happy Trading Hours No
Free Delivery Trading No
Free Intraday Trading No
Free F&O Trading No
Free Research Reports Yes
Free Trading calls No
Referral Offers Upto Rs.1,000 per referral
Margin Funding / Pledging Yes
Brokerage Cashback No
Zero Brokerage for Loss Making Trades No

Nuvama features

Nuvama also offers advanced trading features for both beginner and experienced traders. These features range from basic features such as real-time market data and portfolio tracking to advanced options like investment research, personalized recommendations, and charting tools. Further, Angel One also offers research reports, custom stock recommendations, and stock tips.

Comparison of Nuvama – Trading Features

Trading Features Nuvama
Wishlist Yes
Real Time Updates Yes
Portfolio Details Yes
Online MF Buy Yes
Research Reports Yes, chargeable
Global indices Yes
Customised Recommendations Yes
Stock tips Yes
Interactive charts Yes
Live market Yes
Multi Profile Management No
Robust & Secure Platform Yes

Services

The platform offers numerous financial services. Core services include trading in stocks, derivatives, and IPOs. The platform also offers in-depth market research, investment recommendations, and tools to help traders make informed decisions. For those seeking more hands-on management, Angel One provides portfolio management services as well. While it doesn't offer a traditional 3-in-1 account, it covers most other essential financial services.

Nuvama – Services Provided

Services Provided Nuvama
Demat Services Yes
Trading Services Yes
Intraday Services Yes
F&O Services Yes
IPO Services Yes
3 in 1 Account No
Stock Research Yes
Stock Recommendations Yes
Trading Institution Yes, Investology
Share Pledging Yes
PMS or PCG No
NRI Services No

Products

Nuvama offers a complete set of financial products for traders and investors. You can trade in equities, options, and futures according to your preferences. It also offers trading in commodities and currencies. If you are someone interested in global markets, Nuvama also allows you to trade in foreign stocks. Plus, you can diversify your portfolio by investing in mutual funds. It will help you safeguard your capital from uncertain market movements. These diverse product offerings allow Nuvama to serve different investment strategies and preferences effectively.

Nuvama – Products Provided

Products Provided Nuvama
Equity Delivery Yes
Equity Intraday Yes
Equity Option Yes
Equity Future Yes
Commodity Option Yes
Commodity Future Yes
Currency Option Yes
Currency Future Yes
Foreign Stocks No
Mutual Funds Yes
Banking No
Insurance Yes
Corporate Bonds No
Govt. Bonds No
Digital Gold No

Customer support

Nuvama offers robust customer support to ensure a smooth and hassle-free experience for its clients. Their dedicated support team is available through multiple channels, including phone, email, and live chat, to assist with any queries or issues.

Customer Support of Nuvama

Customer Support Nuvama
Trading Support Available, Chargeable
Dedicated Dealer Available, Chargeable
Call Support 022-66203030
Email Support Secretarial@nuvama.com
Whatsapp Support NA
Website Support Website Link
Facebook Support Facebook Support Link
Twitter Support Twitter Support Link
Telegram Support NA
Branches / Offices NA

Customer complaints

Nuvama is committed to addressing customer complaints promptly. Through timely responses and resolutions, it aims to give a positive experience for all users. Traders and investors can file complaints through multiple channels, including the website, mobile app, or email. Further, Angel One's structured grievance redressal mechanism ensures that each complaint is tracked, escalated if necessary, and resolved within stipulated timelines.

Nuvama Complaints

Complaints Nuvama
Total Complaints Lodged 117
Total Complaints Resolved 102
% of Resolved Complaints 87.18%
Non Actionable Complaints 7
% of Non Actionable Complaints 5.98%

Frequently Asked Questions


Who is the founder of Nuvama?
Nuvama is founded by Rashesh Shah.

What type of broker is Nuvama?
Nuvama is a Full Service broker and it offers a complete range of financial services such as stock trading, mutual funds, and advisory services. Plus, it offers both online and offline trading facilities for various investor needs.

Is Nuvama free?
Nuvama account opening process is free but you have to pay the annual maintenance charges of Rs.500 (Free for first year).

Is Nuvama reliable?
Yes, Nuvama is a trusted and regulated broker in India with over two decades of experience in the financial industry. It is a member of major exchanges like NSE, BSE, and MCX.

How to open a demat account with Nuvama?
You can open an Nuvama demat account by visiting the official website of Nuvama. You need to submit the basic personal details, and KYC documents, and complete an e-sign process. The account is usually activated within 24-48 hours.

What trading platforms does Nuvama offer?
Nuvama offers multiple trading platforms, including a web-based platform, a mobile app, and a desktop application. These platforms are equipped with advanced tools and features for seamless trading.

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