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Nuvama (Edelweiss) FAQs (Frequently Asked Questions)


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Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm. The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options. Nuvama... Know more about Nuvama Wealth & Investment Limited

Do you have questions about Nuvama (Edelweiss) share trading account or Nuvama (Edelweiss) Demat account?

Get all your share trading doubts and questions answered by reading the Nuvama (Edelweiss) demat, trading account information FAQ. All Nuvama (Edelweiss) questions, Nuvama (Edelweiss) q&a, Nuvama (Edelweiss) faq and Nuvama (Edelweiss) questions and answers.

Nuvama (Edelweiss) Special Offer

Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)

  • Flat Rs 10 per trade across all segments.
  • FREE Research and Trading Tips.
  • Margin against share and Margin Funding available.

It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes.

Frequently Asked Questions

  1. 1. How to change bank account in Edelweiss?

    The process of changing the bank account in Edelweiss is a manual process wherein you will have to download a filled PDF form, print it, sign it, attach supporting documents and send them to the Edelweiss office. You could also visit the local branch of Edelweiss and submit a request to change the bank account detail.

    Steps to change bank account in Edelweiss

    1. Login to the Edelweiss website or mobile app.
    2. Click on the 'Profile Image' in the top right corner.
    3. Click on the 'See Profile' link.
    4. Scroll down to 'Your Bank, Demat & Trading Accounts' section
    5. Click on the 'Change Bank Account' link.
    6. Enter 'Account Number, Bank Name, IFSC Code and MICR'.
    7. Click 'Update Bank' button to submit the request.
    8. Download pre-filled PDF form (make sure popup-blocker is disabled)
    9. Print the form and sign it.
    10. Send the form with supporting documents to the Edelweiss office.

    Note:

    • Changes in Mobile No & Email ID can be done online. No paperwork required for this.
    • For all other changes (i.e. Address, Bank Detail) hard copy of request form and supporting documents are required.
    • You can link multiple bank accounts to transfer money in your trading account or for Margin & Debt obligations. However, payouts or fund withdrawal amounts will only be credited to your linked bank account.

     

     

  2. 2. How to update address in Edelweiss?

    You can update or change the registered address in Edelweiss trading and demat account by submitting a signed paper form to Edelweiss. The process of address change is not available online.

    Steps to update the address in Edelweiss

    1. Login to the Edelweiss website or mobile app.
    2. Click on the 'Profile Image' in the top right corner.
    3. Click on the 'See Profile' link.
    4. Scroll down to the 'Contact Address' section.
    5. Enter a new address and submit the form.
    6. Download pre-filled PDF form (make sure popup-blocker is disabled)
    7. Print the form and sign it.
    8. Send the form with supporting documents to the Edelweiss office.

    Note:

    • Changes in Mobile No & Email ID can be done online. No paperwork required for this.
    • For all other changes (i.e. Address, Bank Detail) hard copy of request form and supporting documents are required.

     

     

  3. 3. How to buy IPO in Edelweiss?

    Edelweiss Broking offers an online IPO application to buy IPO. Edelweiss IPO application is based on UPI as a payment gateway. This means you need a UPI to apply in an IPO online with Edelweiss.

    If you have not set up UPI, you could use an alternate way to by IPO online using the net-banking facility of the bank where you have an account. All banks offer ASBA IPO facility.

    Steps To Apply IPO Online in Edelweiss

    1. Login to the Edelweiss website
    2. Click on the 'SELF INVESTING' tab on top.
    3. Click on the 'Primary Market' tab on top.
    4. Choose the IPO in 'ONGOING IPOs' and click on the Apply button.
    5. Enter your bid details like price, quantity and investor type.
    6. Enter your UPI ID, review your order and click submit.
    7. Wait for UPI Mandate which may take up to 6 hours.
    8. Accept UPI Mandate in your UPI app (Net Banking or BHIM app)

    Note:

    • You will get an email and SMS confirmation once your IPO application is accepted by Edelweiss.
    • Your IPO application is not complete until the UPI payment is approved. It may take a few hours for you to receive the UPI payment request.

    Steps To Apply IPO Online in Edelweiss (ASBA Net-Banking)

    1. Log in to your net-banking account (i.e. ICICI, SBI, HDFC).
    2. Go to the Online IPO Application section.
    3. Select the available IPO.
    4. Fill IPO order form with bidding details.
    5. Enter Edelweiss demat account number.
    6. Review and submit your order.

     

     

FAQs

  1. What is AMC for Nuvama (Edelweiss)?

    Nuvama (Edelweiss) charges Rs 0 Annual Maintenance Charge (AMC) for a trading account and Rs 500 (1st Year Free) for a Demat account. AMC is charged to maintain the accounts.

  2. How much Nuvama (Edelweiss) charge for delivery?

    Nuvama (Edelweiss) charge Rs 10 per executed order for equity delivery trade. These trades are also known as cash & carry trades or CNC.

    Espresso customer also has to pay taxes, demat debit transaction fee (Rs 13.5 per trade) and exchange transaction charges.

  3. How much Nuvama (Edelweiss) charge for intraday?

    Nuvama (Edelweiss) charge Rs 10 per executed order for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

    In addition you have to pay taxes and exchange transaction charges.

  4. How much Nuvama (Edelweiss) charge for futures?

    Nuvama (Edelweiss) charge Rs 10 per executed order for equity, currency and commodity futures trading.

  5. How much Nuvama (Edelweiss) charge for options?

    Nuvama (Edelweiss) charges Rs 10 per executed order for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

  6. How much Nuvama (Edelweiss) charge for currency trading?

    Nuvama (Edelweiss) charge Rs 10 per executed order for currency futures trading and Rs 10 per executed order for currency options trading.

  7. What are transaction charges in Nuvama (Edelweiss)?

    Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.

    Nuvama (Edelweiss) Transaction Charges 2024
    SegmentTransaction Fee
    Equity DeliveryNSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
    Equity IntradayNSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
    Equity FuturesNSE Rs 190 per Cr (0.0019%) | BSE Rs 0
    Equity OptionsNSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
    Currency FuturesNSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
    Currency OptionsNSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
    Commodity
  8. Does Nuvama (Edelweiss) offer IPO?

    Yes. Nuvama (Edelweiss) offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.

  9. Does Nuvama (Edelweiss) offers Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with Nuvama (Edelweiss).

  10. Do Nuvama (Edelweiss) provide margin funds?

    Yes. Nuvama (Edelweiss) provide margin funding.

  11. What is Nuvama (Edelweiss) intraday auto square-off time?

    Nuvama (Edelweiss) auto square-off all open intraday positions at 3:00 PM.

  12. Does Nuvama (Edelweiss) provide tips?

    Yes. Nuvama (Edelweiss) provide trading tips for stock and commodity trading to its customers.

Nuvama (Edelweiss) Account Opening Enquiry

Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

Information on this page was last updated on Thursday, November 23, 2023

Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

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