Mutual funds on Nuvama Wealth
How mutual funds work on Nuvama Wealth — direct vs regular plans, SIP setup, commissions, folio vs demat units, and how it compares with going to the AMC directly.
Nuvama Wealth mutual funds — the short version
Nuvama Wealth lets you buy and manage mutual funds through the same account you use for stocks — same login, same KYC, same bank link. Equity, debt, hybrid and ELSS funds across the major AMCs are typically available, with both lump-sum and SIP entry.
The single most important thing to confirm before starting: whether Nuvama Wealth offers direct plans (lower expense ratio, no distributor commission) rather than regular plans. Direct plans add ~0.5–1 % a year in returns over long horizons because the AMC keeps less and you keep more. Most modern discount brokers default to direct.
Direct vs regular plans
Every mutual fund scheme in India has two plan variants:
- Direct plan — bought without a distributor in the loop. The expense ratio is lower (typically 0.5–1 % per year cheaper). Net returns are higher because you avoid the trail commission baked into the regular plan.
- Regular plan — bought via a distributor who earns a trail commission from the AMC. Expense ratio and net returns are correspondingly lower.
Across a 20-year SIP, the difference between direct and regular compounds materially. If Nuvama Wealth offers only regular plans, consider buying direct plans from the AMC website or via a broker that offers direct.
Running a SIP on Nuvama Wealth
A SIP (Systematic Investment Plan) auto-debits a fixed amount from your linked bank on a fixed cadence — typically monthly — and buys units at the prevailing NAV. To start a SIP on Nuvama Wealth:
- 1Pick a fund, choose Start SIP, and set the amount, SIP date and tenure (or run perpetually).
- 2Authorise the bank mandate (NACH or e-mandate) for the SIP amount. One-time setup; runs automatically thereafter.
- 3The first SIP debit happens on the next SIP date after setup. Subsequent SIPs run on the same date each month.
- 4Pause or stop the SIP from your Nuvama Wealth dashboard at any time — there is no exit penalty on stopping a SIP.
What Nuvama Wealth charges for mutual funds
Nuvama Wealth typically charges ₹0 commission on direct mutual fund subscriptions and SIPs — the broker does not earn from your investments. You still pay the fund’s own expense ratio (which goes to the AMC) and SEBI / depository charges on redemption. Verify the live policy on the Nuvama Wealth charges page; some brokers charge a small platform fee on lump sums above a threshold.
Holding funds as demat units rather than folios? See how the Nuvama Wealth demat account works, including AMC and depository.
Frequently asked
What people ask about mutual funds on Nuvama Wealth.
Yes. Nuvama Wealth supports mutual fund investing — equity, debt, hybrid and ELSS — through the same login as your equity trading account, with both lump-sum and SIP entry.
Nuvama Wealth offers direct mutual fund plans — the variant with a lower expense ratio and no distributor commission, which returns ~0.5–1% more annualised than regular plans over long horizons. Regular mutual funds carry distributor commission; direct plans (commission-free) reportedly require a specific Nuvama plan subscription.
Regular mutual funds carry distributor commission; direct plans (commission-free) reportedly require a specific Nuvama plan subscription. You still pay the fund's own expense ratio (which goes to the AMC, not the broker).
Yes. Nuvama Wealth supports systematic investment plans (SIPs) — sIPs available from as low as Rs 500 (per third-party review), auto-debited from your linked bank via the NSE / BSE / RTA mandate. Pause or stop any time.
Mutual funds at Nuvama Wealth can be held in two forms — as folios (held with the AMC's registrar, no demat needed) or as demat units (held in your demat account). Demat units make selling slightly faster but otherwise the two are equivalent for retail investors. Nuvama Wealth usually defaults to the form it supports best.
Net result is the same — direct plans bought via Nuvama Wealth have the same NAV and expense ratio as direct plans bought from the AMC. The broker platform adds convenience (single login, consolidated reporting, SIP automation) but does not change the fund's underlying performance. If you already have a broker, going through the broker is simpler than juggling AMC logins.