Zerodha
India's largest stockbroker by client base
4.6/ 5
Best for: Cost-conscious DIY investors who mainly buy-and-hold stocks or trade F&O occasionally.
Compare Zerodha with others →Broker review
Nuvama review
Flat ₹20 execution or advisory-led Elite
4.1/ 5App: 4.1/5
- Since 2022
- Delivery ₹20 per order (Lite Plus)
- AMC 1st year free, then ₹300/year (Lite Plus)
Open an account with NuvamaCompare Nuvama →SEBI-registered stockbroker | Member: NSE, BSE, MCX (ex-Edelweiss Broking)
Reviewed by LetsInvest Research DeskUpdated 14 Sept 2026Pricing verified 14 Sept 2026How we test
Fees & pricing4.2
Trading platforms4.2
Customer support4.2
Research & education4.3
Ease of opening4.0
Overview
Wealth-led broker (ex-Edelweiss) with a clean two-plan menu: Lite Plus flat-fee execution versus Elite percentage pricing with an RM — the most transparent tariff in its class.
Best for: Traders wanting flat execution or HNI-style RM service.
Pros & cons
What we like
- Fully itemised tariff across both plans
- Genuine flat ₹20 option for active traders
- Elite bundles an RM with free research and call-trade
Watch out for
- Lite Plus strips RM and advisory and charges for research
- Steep delayed-payment and MTF interest
- Plan-switch fees add up
Fees & charges
Account charges
- Account openingOne-time charge to open your demat + trading account. Many discount brokers have made this free.
- Verify current offerConfirming
- Annual maintenance (AMC)Yearly demat maintenance, charged by the broker (separate from CDSL/NSDL custodian fees). Often free for the first year.
- 1st year free, then ₹300/year (Lite Plus)✓ Verified 14/9/2026
Equity
- Equity deliveryBrokerage when you buy shares and hold them overnight or longer. This is the charge long-term investors should minimise.
- ₹20 per order (Lite Plus)✓ Verified 14/9/2026
- IntradayBrokerage on same-day buy-sell trades. Percentage caps (e.g. 0.03%) protect small orders from the flat fee.
- ₹20 per order (Lite Plus)✓ Verified 14/9/2026
- DP charge (sell)Charged when shares leave your demat on a sell (delivery). Goes mostly to the depository, not the broker.
- ₹20 per ISIN (Lite Plus)✓ Verified 14/9/2026
Derivatives (F&O)
- OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
- ₹20 per order (Lite Plus)✓ Verified 14/9/2026
- FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
- ₹20 per order (Lite Plus)✓ Verified 14/9/2026
Sources: official broker pricing pages. Figures marked “Confirming” are being re-verified — always confirm before trading.
What you can invest in
- Stocks (delivery)
- ✓ Yes
- Intraday
- ✓ Yes
- Futures & options
- ✓ Yes
- Mutual funds
- ✓ Yes
- IPOUPI-based IPO applications
- ✓ Yes
- US stocks
- —
- Trading APINuvama APIs
- ✓ Yes
Platforms & features
platforms
- Mobile app✓ · Nuvama app (Android + iOS)
investing
- IPO investing✓ · UPI-based IPO applications
trading
- Trading API✓ · Nuvama APIs
research
- Research & advisory✓ · Free on Elite; Investology
support
- Customer support✓ · Helpdesk + dedicated advisor (Elite)
Support & company
Customer support
Helpdesk + dedicated advisor (Elite)
Company facts
- Founded
- 2022
- Regulation
- SEBI-registered stockbroker | Member: NSE, BSE, MCX (ex-Edelweiss Broking)
Best-disclosed pricing in its class: Lite Plus for cost, Elite for service.
How to open a Nuvama account
Start your application
Open the Nuvama signup with your mobile number and email — it takes about 10 minutes.
Complete e-KYC
Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).
E-sign documents
Digitally sign the account-opening form and nomination details via Aadhaar e-sign.
Get your client ID
Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.
Alternatives to Nuvama
Groww
Beginner-friendly investing super-app
4.5/ 5
Best for: Beginners and mutual-fund investors who want one simple app for everything.
Compare Groww with others →
Upstox
Low-cost broker with fast trading tools
4.3/ 5
Best for: Mobile-first traders and developers who use trading APIs.
Compare Upstox with others →User reviews
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How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.