Is Nuvama a Discount broker?

No, Nuvama Wealth and Investment Ltd (NWIL) is a full-service brokerage house in India. The broker offers online trading in equity and derivatives and also provides research reports and advisory services to customers. Despite being a full-service broker, the brokerage house offers a flat discount brokerage plan to trade at just Rs 20 per order in intraday, delivery, futures & options, currencies, and commodities futures segments.