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Nuvama logoNuvama 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 22 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.
Rs.0 (free account opening)✓ Verified 22/9/2026Source: Nuvama pricing page · Static-verified
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 14/9/2026Source: Nuvama pricing page · Static-verified

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 14/9/2026Source: Nuvama pricing page · Static-verified
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 14/9/2026Source: Nuvama pricing page · Static-verified
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 14/9/2026Source: Nuvama pricing page · Static-verified

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 14/9/2026Source: Nuvama pricing page · Static-verified
FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
₹20 per order (Lite Plus)✓ Verified 14/9/2026Source: Nuvama pricing page · Static-verified
Source & freshness
Source
Each broker's official pricing page (per-row source links above)
Timeliness
Static-verified
Verified
22/9/2026
Method
reported
Note
Re-checked against official pages; unverified rows show Confirming. Never a live tick.

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)
Our verdict
Best-disclosed pricing in its class: Lite Plus for cost, Elite for service.

How to open a Nuvama account

  1. Start your application

    Open the Nuvama signup with your mobile number and email — it takes about 10 minutes.

  2. Complete e-KYC

    Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).

  3. E-sign documents

    Digitally sign the account-opening form and nomination details via Aadhaar e-sign.

  4. Get your client ID

    Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.

Start your Nuvama application

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Brokerage history

No price changes recorded since tracking began — current fees verified 22/9/2026. How monthly tracking works →

Affiliate disclosure: LetsInvest earns a commission if you open an account via links on this page — at no extra cost to you. Rankings are editorial and never sold. Read how we make money and our methodology.
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.
Open an account with Nuvama

Official site — pricing varies by plan, verify before acting.