Understanding the fees related to a brokerage platform is essential for investors in the fast-paced world of online trading. This article examines Nuvama’s allegations in great depth.
The well-known brokerage firm Nuvama provides two different plans, the Lite Plan and the Elite Plan, each of which is designed to meet the various demands of investors.
Nuvama wants to make trading simpler for people and give them the power to make wise decisions by being transparent and clear about their cost structure.
Whether you are an experienced trader or a novice, you will be able to optimize your investing plan and move through the markets more effectively if you have a thorough grasp of Nuvama’s fees.
Nuvama Brokerage Charges
Lite Plan
| Trading Segment | Brokerage Fee |
| Equity Delivery | Rs. 10 for each executed order |
| Equity Intraday | Rs. 10 for each executed order |
| Equity Futures | Rs. 10 for each executed order |
| Equity Options | Rs. 10 for each executed order |
| Currency Futures | Rs. 10 for each executed order |
| Currency Options | Rs. 10 for each executed order |
| Commodity | 0.01% |
Nuvama’s Lite Plan introduces a simplified and cost-effective fee structure for different trading segments. In order to ensure transparency and clarity for investors, a consistent brokerage fee of Rs. 10 is charged for executed orders across all trading segments.
A flat brokerage of Rs. 10 is levied for each and every executed order for each type of equity related trading. Which means every investor will be charged a flat fee of Rs. 10 for each executed order regardless of their trade size.
Similarly, in the currency trading segment, both currency futures and currency options are subject to the same flat brokerage fee of Rs. 10 for each executed order.
This includes trades involving foreign currency exchange rates and derivative products associated with currencies. Under the Lite Plan, the fee for commodity trades is set at 0.01% of the trade value.
Elite Plan
| Trading Segment | Brokerage Charges |
| Equity Delivery | 0.300% |
| Equity Intraday | 0.030% |
| Equity Futures | 0.030% |
| Equity Options | Rs 75 for each lot |
| Currency Futures | 0.020% |
| Currency Options | Rs 20 for each lot |
| Commodity | 0.01% |
Different type of trade has different brokerage charges levied on them, in the elite plan. A 0.300% brokerage fee is charged for equity delivery transactions.
Similarly, a 0.30% brokerage fee is levied for intraday equity transactions, equity futures and currency futures trades. All these charges are based on the total transaction value.
Equity options trading has a charge of Rs 75 for each lot. Thus, for each contract of equity options bought or sold, a brokerage fee of Rs 75 will be levied.
Also for the currency options, a charge of Rs 20 for each lot is levied. This applies to each contract of currency options bought or sold.
In the realm of commodity trading, the brokerage charge is 0.01% of the total transaction value. This fee applies to trades involving commodities like gold, silver, crude oil, etc.
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Nuvama Account Opening Charges
Lite Plan-
| Type of Charge | Lite Plan |
| Account Opening Charges | Rs. 0 |
| AMC | 1st year Free
After that – Rs. 300 / annum |
The Lite Plan has no account opening charges, meaning there is no fee required to open an account. AMC for the very first year is Rs. 0 and after that, it increases to Rs. 300 annually.
This concise plan offers a convenient and cost-effective option for individuals looking to open an account. AMC for the very first year is Rs. 0 and after that, it increases to Rs. 300 annually.
Elite Plan
| Type of Charge | Elite Plan |
| Account Opening Charges | Rs. 0 |
| AMC | 1st year Free
After that – Rs. 500 / year |
Investors wishing to create a brokerage account have a practical and affordable choice in The Elite Plan. This plan is open to everyone because there are no fees associated with creating an account.
Investors can also benefit from the first year being free of Annual Maintenance Charges (AMC), which makes things easier.
A small cost of Rs. 500 per year is, however, due to the AMC as of the second year. This charge guarantees ongoing access to the Elite Plan’s features and benefits, enabling investors to manage their assets profitably and successfully.
Find out Brokerage & Other Charges of Stock Brokers
Nuvama Transaction Charges
| Transaction Type | Charges |
| Equity Delivery | Rs 335 per Cr |
| Equity Intraday | Rs 335 per Cr |
| Equity Futures | Rs 200 per Cr |
| Equity Options | Rs 5050 per Cr |
Transaction fee of Rs 335 for each crore is levied for equity delivery and intraday transactions. For equity futures, a fee of Rs 200 per crore (Cr) is imposed.
Equity futures involve entering into a contractual agreement to sell or buy a particular quantity of shares at a pre-decided price for a future date. Conversely, equity options entail a fee of Rs 5050 per crore (Cr).
Nuvama Other Charges
Lite Plan
| Fee/Charge | Percentage/Amount |
| Delayed Payment Interest (Normal) | 30% |
| Delayed Payment Interest (MTF) | 30% |
| Margin/Funding (Leverage) | For Futures and Options: 50% Cash + 50% Stock Margin required. |
| Switching Charges | ₹0 for switching to Elite Plan. 2 switches are allowed. |
| Call and Trade (Advisory, Trading) | ₹20 / Call |
| DP Fees (Trf Out / Sell) / Inter-settlement Fees | ₹20 per ISIN |
| Payout | Free |
| Physical CML Request | 1st Free + Additional ₹120 |
| Physical Contract Notes | ₹50 Per note |
| Cheque payment | ₹500 Per cheque |
| Margin Pledge/Unpledge charges | ₹7 Per ISIN |
| MTF Pledge/Unpledge charges | ₹12 Per ISIN |
| Physical Statement Charges ((Ledger, PNL, Tax, etc.) | ₹50 Per note |
Elite Plan
| Fee/Charge | Percentage/Amount |
| Delayed Payment Interest (Normal) | 24% |
| Delayed Payment Interest (MTF) | 24% |
| Margin/Funding (Leverage) | For Futures and Options: 50% Cash + 50% Stock Margin required. |
| Switching Charges | ₹2500 for switching to Lite Plan. 2 switches are allowed. |
| Call and Trade (Advisory, Trading) | Free |
| DP Fees (Trf Out / Sell) / Inter-settlement Fees | · Within Nuvama: 0.02% of the transaction value or ₹20, whichever is higher.
· Outside Nuvama: 0.03% of the transaction value or ₹20, whichever is higher. |
| Payin | Free |
| Payout | Free |
| Physical CML Request | Free |
| Physical Contract Notes | Free |
| Cheque payment | Free |
| Margin Pledge/Unpledge charges | Free |
| MTF Pledge/Unpledge charges | Free |
| Physical Statement Charges ((Ledger, PNL, Tax, etc.) | Free |
Additional information
Investors in the Lite Plan should be aware that both normal and MTF (Margin Trading Facility) scenarios will result in a 30% interest rate on postponed payments.
A mix of 50% cash and 50% stock margin is needed for financing in order to engage in futures and options trading. A shortfall that incurs a daily fee of 0.05% will occur if the required amount of cash is not kept at 50%.
Investors can switch from the Lite Plan to the Elite Plan twice without paying any fees. Changing from the Lite Plan to the Elite Plan is also free of charge.
The cost for call and trade (Advisory, Trading) services is Rs. 20, nevertheless. DP charges for sell or transfer-out operations are Rs. 20 per ISIN, and payments are
The Elite Plan, on the other hand, provides a reduced delayed payment interest rate for both regular and MTF situations, at 24%. For trading in futures and options, the margin or financing requirements are the same as they are under the Lite Plan.
A fee of Rs. 2500 assesses for switching from the Elite Plan to the Lite Plan, with a limit of two transfers permit. Under the Elite Plan, call and trade (Advisory, Trading) services are offered free of charge.
Depending on whether a transfer-out or sale transaction takes place inside or outside of Nuvama, different DP costs apply. The charge determines at 0.02% of the transaction amount or Rs. 20, whichever is larger, if the transactions take place within Nuvama.
Check out the Charges of other Stock Brokers
Nuvama Regulatory and Government Charges
| Charge Type | Equity Delivery | Equity Intraday | Equity Future | Equity Options |
| STT | 0.1% (Buy and Sell) | 0.025% (Sell) | 0.0125% (Sell) | 0.0625% (Sell) |
| Stamp Duty | Rs 1500 for each Cr (Buy) | Rs 300 for each Cr (Buy) | Rs 200 for each Cr (Buy) | Rs 300 for each Cr (Buy) |
| SEBI Turnover Charges | Rs 10 for each Cr | Rs 10 for each Cr | Rs 10 for each Cr | Rs 10 for each Cr |
| GST | 18% | 18% | 18% | 18% |
The table’s information shows the various costs connected to various kinds of stock transactions. A 0.1% Securities Transaction Tax (STT) is levied in the case of equity delivery on both the acquisition and sale of securities.
Only when buying stocks is stamp duty necessary, and costs vary based on the kind of transaction. While equity intraday has a stamp fee of Rs 300 per crore, equity delivery carries a stamp duty of Rs 1500 per crore. equities options are subject to a Rs 300 per crore stamp duty while equities futures are subject to Rs 200 per crore.
No of the form of equity transaction, SEBI Turnover Charges are always Rs 10 per crore. In addition, brokerage and transaction fees associated with all stock transactions are subject to a Goods and Services Tax (GST) of 18%.
Conclusion
As you explore Nuvama’s charges, it’s important to consider your individual investment goals and trading preferences.
Evaluating the cost structure in conjunction with the services and features offered by Nuvama will empower you to make informed decisions that align with your financial objectives.
In conclusion, Nuvama’s commitment to clarity and competitive pricing makes it a compelling choice for investors seeking a reliable brokerage platform.
By having a comprehensive understanding of their charges, you can optimize your trading strategy and embark on your investment journey with confidence.
FAQs
Let us have a look at the FAQs on Nuvama Charges:
What is Nuvama?
It is a brokerage firm offering online trading services to investors. It provides a platform for trading in various segments, including equity, currency, and commodities.
Is Nuvama considered a discount broker?
Indeed, Nuvama falls under the category of discount brokers. It prides itself on offering competitive rates for brokerage services, aiming to deliver affordable and economical trading solutions to its clientele.
Do account opening charges apply at Nuvama?
Fortunately, Nuvama does not impose any fees for opening an account under either the Lite Plan or the Elite Plan. Nevertheless, starting from the second year, clients are subject to Annual Maintenance Charges (AMC).
What are the transaction charges of Nuvama?
Nuvama levies transaction charges based on the type of trade. The charges vary for equity delivery, equity intraday, equity futures, and equity options.
What are the other charges associated with Nuvama?
Apart from brokerage and transaction charges, Nuvama may have other charges, such as delayed payment interest, margin/funding charges, switching charges, DP fees, physical statement charges, and more.
What is the Lite Plan and Elite Plan?
The Lite Plan and Elite Plan are two pricing plans offered by Nuvama. The Lite Plan has a flat brokerage fee of Rs. 10 per executed order across various trading segments, while the Elite Plan has varying brokerage charges depending on the type of trade.
Can I switch between the Lite Plan and Elite Plan?
Yes, Nuvama allows investors to switch between the Lite Plan and Elite Plan. However, switching charges involves, and the number of switches allow may be limited. It is advisable to check the specific details with Nuvama directly.
How can I open an account with Nuvama?
To open an account with Nuvama, you can visit their official website and follow the account opening procedure. The website will provide you with the necessary steps and documentation required for account opening.
Are there any hidden charges with Nuvama?
Nuvama aims to be transparent with its charges, but it’s always recommends to review the terms and conditions, as well as consult directly with Nuvama, to ensure a clear understanding of all charges associates with their services.
Open Demat Account with Nuvama Now! – Fill up the Form
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