Nuvama Wealth review
Independent review of Nuvama Wealth — brokerage, app, account opening, customer support and the kind of investor it actually fits. Nuvama Wealth & Investment Limited (formerly Edelweiss Broking; rebranded 2022, listed on NSE/BSE 2023) is a Mumbai-based full-service stockbroker offering a flat-fee Lite Plus plan (Rs20 per order across segments, including equity delivery) and a percentage-based Elite plan for advisory clients..
Verdict
Investors who want a full-service broker with research, advisory and a single platform for equity, F&O, IPO and mutual funds, and don't mind plan-based pricing.
Brokerage at a glance
Headline brokerage on the default Nuvama Wealth lite plus plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About Nuvama Wealth
Nuvama Wealth & Investment Limited (formerly Edelweiss Broking; rebranded 2022, listed on NSE/BSE 2023) is a Mumbai-based full-service stockbroker offering a flat-fee Lite Plus plan (Rs20 per order across segments, including equity delivery) and a percentage-based Elite plan for advisory clients.
The Nuvama trading app
- Trade and invest in equity, F&O, mutual funds, IPOs and NCDs across NSE, BSE, MCX and NCDEX
- Open a Demat and trading account within the app
- Live market watch with real-time quotes and customizable watchlists
- Technical charts with indicators, option chain and open interest analysis
- Price alerts, market news and research reports/recommendations
- UPI-based fund transfers
Opening a Nuvama Wealth account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at www.nuvamawealth.com.
Customer support
Nuvama Wealth support is available monday to friday 8:30 am - 5:30 pm, saturday 10:00 am - 2:00 pm (per third-party listing). For complete contact details, the four-level SEBI escalation path (broker desk → compliance officer → SCORES → SMART ODR), and what to have ready before escalating, see the Nuvama Wealth customer care page.
Pros and cons
How we judge this: these pros and cons are drawn from Nuvama Wealth’s published charges and platform features, its app-store ratings — cross-checked against its SEBI registration and NSE / BSE membership. They are our editorial assessment, not a sponsored placement, and not financial advice.
What users say about Nuvama Wealth
Paraphrased themes from public app-store reviews and forums — these are users’ opinions, not our testing, and not financial advice. Sampled 2026-06-14.
- Trade and invest across equity, F&O, currency, commodity, IPO and mutual funds from one app
- Live market data, charts, watchlists with alerts and option chain for F&O
- Built-in research, news and trading recommendations
- Available across mobile, web and a desktop terminal (TX3)
- Some users report app bugs and occasional login difficulties
- Recurring pop-up to update income declaration can interrupt usage
- Bracket and Good-Till-Cancelled (GTC) order types are not available
- Lite-plan users report slower support response and chat support is not offered
Alternatives to Nuvama Wealth
By active client count, Nuvama Wealth is the #22 largest of 38 retail brokers on the NSE (as of 2026-04-30). If you're weighing it against the field, these are the brokers people most often compare it with:
See the full ranked list of every retail broker in India on the stock brokers in India page, or compare exact landed cost on a typical trade with the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about Nuvama Wealth.
Nuvama Wealth is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. Investors who want a full-service broker with research, advisory and a single platform for equity, F&O, IPO and mutual funds, and don't mind plan-based pricing.
Equity delivery is Flat ₹20. Equity intraday is Flat ₹20. Equity options is Flat ₹20. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
Nuvama Wealth is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
Trade and invest in equity, F&O, mutual funds, IPOs and NCDs across NSE, BSE, MCX and NCDEX. Open a Demat and trading account within the app. For a full feature list and download links see the Nuvama Wealth app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://www.nuvamawealth.com.
Discount brokers comparable to Nuvama Wealth include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.