Nuvama is a Private Full Service in India , established in 2008 , and headquartered in Ahmedabad. The broker provides access to equity delivery, equity intraday, equity futures, equity options, currency futures and currency options through mobile app access, web trading, desktop terminal access and algo trading support, making it relevant for traders and investors who want one platform for market access, order execution, and portfolio tracking.
This 2026 review covers Nuvama brokerage charges, Demat account costs, trading platforms, products, customer support, and key features. Investors comparing brokers can use the details on this page to understand whether Nuvama matches their cost expectations, preferred trading segments, and platform requirements.
Nuvama is listed as a Private Full Service that started operations in 2008 with headquarters in Ahmedabad. Nuvama lists Rashesh Shah as its founder and focuses on serving investors who need access to equity delivery, equity intraday, equity futures, equity options, currency futures and currency options.
On the platform side, Nuvama highlights mobile app access, web trading, desktop terminal access and algo trading support and supports products such as equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures. Its brokerage plan is listed as Lite Plan with subscription charges of Zero.
For investors evaluating overall value, the broker also highlights watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking and support access through trading desk support, dedicated dealer assistance, call support, email support and website support. This combination of products, tools, and support channels can help determine whether Nuvama is suitable for beginner, active, or long-term investors.
Nuvama — A Comprehensive Company Overview
| Company Overview | Nuvama |
|---|---|
| Company Type | Private |
| Broker Type | Full Service |
| Headquarters | Ahmedabad |
| Founder | Rashesh Shah |
| Establishment Year | 2008 |
| Brokerage Plan | Lite Plan |
Nuvama has been evaluated across key parameters including technology, charges, products, and customer experience to help investors make an informed comparison.
Nuvama — Ratings
| Parameter | Rating |
|---|---|
| Overall Rating | 8.41 / 10 |
| Customer Support | 8.38 / 10 |
| Technology | 8.51 / 10 |
| Charges | 8.45 / 10 |
| Products & Services | 8.36 / 10 |
| Experience | 8.34 / 10 |
Nuvama lists account opening charges of Free for its onboarding process, while the annual maintenance charge (AMC) for the Demat account is Rs.500 (Free for first year).
Before opening an account with Nuvama, investors should compare onboarding fees, Demat AMC, brokerage slabs, and the availability of services such as IPO access, F&O trading, and research tools.
Account Opening and Demat Charges
| Charge | Nuvama |
|---|---|
| Trading Account Opening Charges | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.500 (Free for first year) |
| DP Charges | Rs.20 per Scrip |
| Account Closure Charges | Rs.150 |
| Account Reactivation Charges | Rs.100 |
| Dematerialisation Charges | Rs.18 per Certificate |
| Call & Trade Charges | Rs.20 per Trade |
Brokerage is the fee charged by a stockbroker for executing trades on your behalf. Nuvama applies the following charges across segments:
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 offers margin exposure to help traders manage larger positions with less capital. The margin facility allows investors to leverage their holdings across different segments, enabling better utilisation of available funds while managing risk appropriately. The margin trading interest rate is 0.05% per day .
Nuvama — Exposure / Margin
| 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 |
| Margin Trading Interest | 0.05% per day |
| Pledge Creation Charges | Rs.7 per Request |
| Pledge Invocation Charges | Rs.7 per Request |
Apart from brokerage, several statutory and operational charges apply when trading through Nuvama. These include Securities Transaction Tax (STT), stamp duty, transaction charges, SEBI turnover fees, GST, and depository charges. Understanding these costs helps investors calculate the true cost of every trade.
Other Charges of Nuvama
| Charge | Nuvama |
|---|---|
| Transaction Charges — Equity Delivery | 0.00335% (NSE) & As per Stock (BSE) |
| 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 Futures | 0.0125% on sell |
| Stamp Duty — Equity Futures | 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 |
| Transaction Charges — Commodity Futures | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) |
| STT — Commodity Futures | 0.01% on sell (Non-Agri) |
| Stamp Duty — Commodity Futures | 0.002% on buy |
| Transaction Charges — Commodity Options | 0.05% (Non Agri) |
| STT — Commodity Options | 0.05% on sell |
| Stamp Duty — Commodity Options | 0.003% on buy |
| STT — Currency Futures | Nil |
| Stamp Duty — Currency Futures | 0.0001% on buy |
| STT — Currency Options | Nil |
| Stamp Duty — Currency Options | 0.0001% on buy |
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.20 per Scrip |
| GST | 18% on (Brokerage + SEBI + Transaction charges) |
Nuvama provides mobile app access, web trading, desktop terminal access and algo trading support to support order placement, portfolio tracking, and market monitoring. The broker also supports algorithmic trading, allowing advanced users to automate strategies through its platform.
Key platform features include: watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports, global indices tracking, customised recommendations, stock tips, interactive charts, live market tracking, secure platform controls.
Nuvama — Trading Platforms
| Trading Platform | 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 |
| Mutual Fund Investment Platform | Available |
Nuvama highlights the following offers and benefits to attract and retain investors. These can help reduce overall trading costs or improve the value of the account relationship.
Nuvama — Offers
| Offer | Nuvama |
|---|---|
| Free Account Opening | Yes |
| Free AMC | Yes |
| Flat Brokerage | Yes, Limited |
| Flexible Brokerage Plans | Yes |
| Free Research Reports | Yes |
| Referral Offers | Upto Rs.1,000 per referral |
| Margin Funding / Pledging | Yes |
Nuvama highlights features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. These tools support research, market monitoring, order execution, and day-to-day portfolio management for both first-time and active market participants.
Nuvama — Trading Features
| Trading Feature | Nuvama |
|---|---|
| Wishlist / Watchlist | 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 |
Nuvama provides the following research and advisory services to help investors make more informed trading and investment decisions.
Nuvama — Research & Advisory
| Research Service | Nuvama |
|---|---|
| Fundamental Reports | Yes |
| Research Reports | Yes, chargeable |
| Company Reports | Yes |
| Annual Reports | Yes |
| IPO Reports | Yes |
| Technical Reports | Yes |
| Stock Tips | Yes |
| Daily Top Stock Picks | Yes |
| Daily Market Review | Yes |
| Monthly Review | Yes |
| Weekly Review | Yes |
| Relationship Manager | Yes |
Nuvama provides services that may include Demat services, trading services, intraday trading, F&O trading, IPO access and stock research. Depending on the products enabled, investors may also get access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures from the same ecosystem, making it easier to manage both trading and long-term investing requirements.
Nuvama — Services Provided
| Service | 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 Education / Institution | Yes, Investology |
| Share Pledging | Yes |
| PMS or PCG | No |
| NRI Services | No |
Nuvama offers a range of investment products including stocks, futures & options, currency trading and mutual funds, enabling users to explore multiple asset classes from a single platform. The platform also supports long-term wealth creation through mutual funds, allowing investors to diversify and reduce risk exposure.
Nuvama — Products Provided
| Product | 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 |
| Government Bonds | No |
| Digital Gold | No |
Nuvama offers partnership opportunities for individuals and organisations looking to associate with the broker and earn income by referring clients or operating as a sub-broker.
Nuvama — Partner Programs
| Program | Nuvama |
|---|---|
| Sub-broker Program | Yes |
| Partner Program | Yes |
| Referral Program | Yes |
Nuvama provides customer support through trading desk support, dedicated dealer assistance, call support, email support and website support. A dedicated dealer service is also available for clients requiring personalised trade execution support.
Customer Support of Nuvama
| Support Channel | Nuvama |
|---|---|
| Trading Support | Available, Chargeable |
| Dedicated Dealer | Available, Chargeable |
| Call Support | 022-66203030 |
| Email Support | [email protected] |
| Website Support | Website Link |
| Facebook Support | Facebook Support Link |
| Twitter / X Support | Twitter Support Link |
The BSE and NSE regularly track and publish broker complaint data as part of maintaining investor protection standards. The table below shows the complaint record for Nuvama, which can serve as an indicator of service quality and grievance resolution effectiveness.
Nuvama — Complaints Data
| Metric | Nuvama |
|---|---|
| Total Complaints Lodged | 117 |
| Total Complaints Resolved | 102 |
| % of Resolved Complaints | 87.18% |
| Non-Actionable Complaints | 7 |
| % of Non-Actionable Complaints | 5.98% |
Nuvama can be evaluated through its onboarding costs, platform access, pricing structure, product range, and support options. Based on the broker data available on this page, here is a summary of the likely trading experience.