Charges at a glance
Nuvama runs two brokerage plans on the same account — Lite Plus and Elite.
About Nuvama
Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd, rebranded in 2022 and listed on the NSE/BSE in 2023) was incorporated in 2008 and is a Mumbai-headquartered full-service stockbroker. It is registered with SEBI and is a depository participant with NSDL, offering equity, F&O, currency derivatives, commodities, IPOs and mutual funds.
Nuvama runs two brokerage plans on one account — the flat-fee Lite Plus plan (₹20 per executed order across equity and F&O) for self-directed traders, and the percentage-based Elite plan (0.30% on equity delivery) for clients who want a dedicated relationship manager, free call-and-trade, free research and other full-service extras. Equity delivery isn't free on either plan, and the demat account carries a ₹300/year AMC on Lite Plus or ₹500/year on Elite, after a free first year.
Lite Plus vs Elite — compare Nuvama's plans
Both plans sit on the same demat and trading account — you can switch between them (switching back to Lite Plus from Elite costs ₹2,500; only 2 switches allowed per account).
| Feature | Lite Plus | Elite |
|---|---|---|
| Brokerage structure | Flat ₹20/order | Volume & slab based |
| Dedicated relationship manager | Not included | Included |
| Trade placement assistance | Not included | Included |
| Call & Trade (advisory, trading) | ₹20/call | free |
| Research | ₹50/month | free |
| Complimentary value-added services | Chargeable separately | Included |
| Demat AMC (after 1st free year) | ₹300/year | ₹500/year |
| Delayed payment interest (normal & MTF) | 30% p.a. | 24% p.a. |
Platforms
Nuvama Markets App
Mobile and web app for equity, F&O, currency, commodities, IPOs and mutual funds, with research and advisory built in.
TX3 Terminal
Desktop trading terminal with advanced charting, watchlists and fast order execution for active traders.
Nuvama API
Algo-trading API for building and running automated strategies.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage (Lite Plus) | ₹20 per executed order | ₹20 per executed order | ₹20 per executed order | ₹20 per executed order |
| Brokerage (Elite) | 0.30% of trade value (min. of ₹25 or 2.5% of value) | 0.03% of trade value | 0.03% of trade value | ₹75 per lot |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium); 0.15% of intrinsic value if exercised |
| Transaction charges | NSE 0.00297% / BSE 0.00375% | NSE 0.00297% / BSE 0.00375% | NSE 0.00183% / BSE 0% | NSE 0.03553% / BSE 0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
On Lite Plus, brokerage for equity delivery and F&O is the lower of ₹20/order or 2% of order value. On Elite, equity delivery brokerage is the higher of the 0.30% rate or a minimum of ₹25/order or 2.5% of value. Where a share trades at ₹10 or less, brokerage is capped at 25 paise/share.
Currency derivatives
| Charge | Currency futures | Currency options |
|---|---|---|
| Brokerage (Lite Plus) | ₹20 per executed order | ₹20 per executed order |
| Brokerage (Elite) | 0.02% of trade value | ₹20 per lot |
| STT/CTT | No STT | No STT |
| Transaction charges | NSE 0.00035% / BSE 0.00045% | NSE 0.0311% / BSE 0.001% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.0001% (buy side) | 0.0001% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage (Lite Plus & Elite, same on both plans) | 0.05% of trade value | ₹30 per lot |
| Brokerage — carry-forward futures | 0.20% of trade value | — |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Commodity delivery brokerage is also 0.05% of trade value, same as regular futures, on both plans.
Mutual funds
- Direct mutual fund investments on Nuvama are ₹0 commission, with no transaction or redemption charges.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| HUF account | free |
| NRI account | free |
Demat AMC (Annual Maintenance Charge)
Nuvama's demat AMC is waived for the account's first year, then differs by plan — ₹300/year on Lite Plus, ₹500/year on Elite. Accounts qualifying under BSDA guidelines pay less: no annual charge if holdings stay under ₹4 lakh, or ₹100/year for holdings between ₹4–10 lakh. The trading account itself carries no separate AMC.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
| Charge | Lite Plus | Elite |
|---|---|---|
| Delayed payment interest (normal) | 30% p.a. | 24% p.a. |
| Delayed payment interest (MTF) | 30% p.a. | 24% p.a. |
| Margin/funding shortfall (F&O, when 50% cash isn't maintained) | 0.05%/day on the shortfall — 50% cash + 50% stock margin required on both plans | |
| Auction (unable to deliver a stock not in demat) | As per actual penalty levied by the exchange | |
| Switching from Elite back to Lite Plus | ₹2,500 (switching to Elite is free; 2 switches allowed) | |
Other charges
| Charge | Lite Plus | Elite |
|---|---|---|
| DP fees / inter-settlement fees (sell or transfer out) | ₹20 per ISIN | 0.02% of value or ₹20/txn within Nuvama (higher); 0.03% of value or ₹20 outside Nuvama (higher) |
| Payin | ₹10 per transfer | free |
| Payout | free | |
| Call and Trade (advisory, trading) | ₹20/call | free |
| Research | ₹50/month | free |
| Physical CML request | 1st free, then ₹120 | free |
| Physical contract notes | ₹50/note | free |
| Physical statement request (ledger, P&L, tax, etc.) | ₹50/note | free |
| Cheque payment | ₹500/cheque | free |
| Margin pledge/unpledge | ₹20 per ISIN | |
| MTF pledge/unpledge | ₹20 per ISIN-CDSL + ₹20 per ISIN-NSDL | |
| MTF pledge closure | ₹12 per ISIN | |
| CUSPA pledge/unpledge | ₹20 per ISIN | |
| Demat (certificate to electronic) | ₹2 per certificate + ₹30 postage | |
| Remat (electronic to certificate) | ₹10 per 100 securities (min ₹10) + ₹30 postage | |
| Settlement fees | NSDL ₹4/debit txn; CDSL ₹5.5/debit txn | |
| Account closing | free | |
| NRI account | Available — contact Nuvama for NRI-specific tariff | |
GST and other applicable taxes are levied on top of the charges above. Rates current as of Nuvama's published pricing — always confirm on nuvamawealth.com/pricing before trading.
Pros & cons
What users like
- Free relationship manager, call-and-trade and research on the Elite plan
- Flat ₹20/order Lite Plus plan for investors who want to self-trade without paying for advisory
- Can switch from Lite Plus to Elite for free if trading needs change (2 switches allowed)
- Long-established full-service brand (since 2008) with a large branch network
- Equity, F&O, currency, commodity, IPOs and mutual funds all on one platform
What to watch for
- Demat AMC kicks in from the second year — ₹300/year on Lite Plus, ₹500/year on Elite — unlike brokers with lifetime-free AMC
- Equity delivery isn't free on either plan
- Elite plan's percentage-based pricing (0.30% on equity delivery) can get expensive for high-turnover traders vs. flat-fee discount brokers
- Switching back from Elite to Lite Plus costs ₹2,500
Read what customers say about Nuvama
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