Nuvama Wealth demat account
What the Nuvama Wealth demat account holds, how it differs from the trading account, the recurring charges (AMC + DP), and how to open or transfer holdings to it.
At a glance
What the Nuvama Wealth demat account does
The demat account is custody — the electronic locker that holds the shares you buy through Nuvama Wealth. It is one of two accounts that retail Indian investing requires; the other is the trading account, which places the buy / sell orders. Both are usually opened together with Nuvama Wealth in a single application.
The actual shares are held by CDSL or NSDL — not by Nuvama Wealth. Nuvama Wealth is the depository participant (DP) that connects you to the depository. If Nuvama Wealth were to shut down, the shares stay safe with the depository; you would transfer them to a new broker. This separation of execution (broker) and custody (depository) is the core of SEBI’s investor-protection design.
Nuvama Wealth demat account charges
The recurring demat-side charges on a Nuvama Wealth account:
- Account opening — one-time, often ₹0 at discount brokers; up to ₹500 at some full-service brokers. Check the live Nuvama Wealth charges page.
- Annual Maintenance Charge (AMC) — typically ₹0–₹500 / year. The largest recurring demat cost for buy-and-hold investors.
- DP charges — ₹20 per scrip per day on the sell-side of every equity delivery trade. Flat — same regardless of trade size.
- Statutory charges per trade — STT, exchange transaction charges, SEBI fee, stamp duty, GST. Identical across brokers; see the STT and DP charges explainers for details.
Opening a Nuvama Wealth demat account
Online and paperless for resident Indians with Aadhaar. Keep PAN, Aadhaar (with mobile linked), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. The full e-KYC + IPV + e-sign flow takes 1–3 working days. See the Nuvama Wealth account opening page for the step-by-step.
Transfer existing holdings to Nuvama Wealth
If you already hold shares with another broker, you do not need to sell them to switch. Open a Nuvama Wealth demat account first, then use CDSL EASIEST or NSDL e-DIS to move holdings off-market from your old broker’s demat to your Nuvama Wealth demat. The depositories charge a small transfer fee; the shares appear in your new account in 1–2 working days. After the transfer, formally close the old account to stop its AMC.
Planning to hold mutual funds here too? See mutual funds on Nuvama Wealth — direct vs regular plans, SIPs and commissions, and how units sit in this demat account.
Frequently asked
What people ask about the Nuvama Wealth demat account.
A demat account at Nuvama Wealth is the electronic locker that holds the shares, ETFs and other securities you buy through Nuvama Wealth. Nuvama Wealth acts as a depository participant — the institutional layer connecting you to the depository (CDSL / NSDL). The shares are held by the depository, not by Nuvama Wealth.
Nuvama Wealth's demat side has up to three recurring components: an Annual Maintenance Charge (AMC — Demat AMC Rs 300/year (Lite) or Rs 500/year (Elite); first year free (per third-party review)), DP charges (₹20 per scrip per day on sell-side delivery), and account opening (one-time, often free). Trading-side brokerage and statutory charges are separate. See the full schedule on the Nuvama Wealth charges page.
Nuvama Wealth is a depository participant of CDSL / NSDL. Your shares sit with the depository, not with Nuvama Wealth — so even if the broker shut down, your holdings stay safe and can be moved to another broker. The depository is assigned when your demat account is opened.
Nuvama Wealth is SEBI-registered and a depository participant of CDSL / NSDL. Your shares are held by the depository, not the broker — broker failure does not put your holdings at risk. SEBI mandates client-fund segregation, 2FA on every login and periodic reconciliation by the depositories. The main practical risk to manage is account-level fraud (phishing, OTP sharing), which is identical across brokers.
Open online with PAN, Aadhaar (mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo, and a signature on white paper. Aadhaar e-KYC + IPV video + e-sign takes 1–3 working days end-to-end. See the Nuvama Wealth account opening page for the step-by-step flow.
Yes. Open a Nuvama Wealth demat account first, then use the CDSL EASIEST / NSDL e-DIS facility to transfer holdings off-market from your old broker's demat to your Nuvama Wealth demat. No need to sell anything. After the transfer, close the old account to stop its AMC.
The AMC continues to apply as long as the account is open. Extended inactivity leads to a dormant status (typically 12+ months without trades), which requires a re-KYC to revive. If you no longer need the account, formally close it to stop the AMC.