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Nuvama Wealth Management
3.4
based on 84 Reviews
Company Overview
Company Locations
Working at Nuvama Wealth Management
Company Summary
Nuvama Wealth Management provides diverse financial products and personalized solutions, focusing on client relationships to address their unique financial needs.
Overall Rating
3.4/5
based on 84 reviews
11% below
industry average
Critically rated for
Work satisfaction, Promotions, Job security
Work Policy
Work from office
85% employees reported
Monday to Saturday
37% employees reported
Strict timing
52% employees reported
Within city
48% employees reported
View detailed work policy
About Nuvama Wealth Management
Founded in--
India Employee Count1k-5k
Global Employee Count--
Headquarters--
Office Locations
--
Websitenuvamawealth.com
Primary Industry
Other Industries
--
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Nuvama Wealth Management offers a wide range of financial products including Mutual Funds, Public Issues, Corporate FDs, bonds, General Insurance, Mortgage Loans, and SME loans. The company focuses on building strong relationships with clients and understanding their needs to provide tailored financial solutions. The distribution business is supported by business partners and aims to expand its customer base while ensuring client satisfaction.
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Nuvama Wealth Management Ratings
based on 84 reviews
Overall Rating
3.4/5
How AmbitionBox ratings work?
5
26
4
22
3
10
2
8
1
18
Category Ratings
3.6
Skill development
3.5
Salary
3.5
Work-life balance
3.4
Company culture
3.3
Job security
3.1
Promotions
3.1
Work satisfaction
Nuvama Wealth Management is rated 3.4 out of 5 stars on AmbitionBox, based on 84 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Nuvama Wealth Management
based on 83 reviews
3.2
Rated by 24 Women
Rated 3.7 for Skill development and 3.4 for Work-life balance
3.5
Rated by 59 Men
Rated 3.6 for Salary and 3.6 for Skill development
Work Policy at Nuvama Wealth Management
based on 19 reviews in last 6 months
Work from office
85%
Hybrid
10%
Permanent work from home
5%
Nuvama Wealth Management Reviews
Top mentions in Nuvama Wealth Management Reviews
+ 4 more
Compare Nuvama Wealth Management with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.4/5 based on 84 reviews | 4.0/5 based on 5.2k reviews | 3.8/5 based on 16.7k reviews | 3.9/5 based on 24 reviews |
Highly Rated for | No highly rated category | Work-life balance Skill development Salary | No highly rated category | Job security Company culture Work satisfaction |
Critically Rated for | Promotions Work satisfaction Job security | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 85% employees reported | Work from office 90% employees reported | Work from office 81% employees reported | - |
Rating by Women Employees | 3.2 Average rated by 24 women | 3.9 Good rated by 1.1k women | 3.6 Good rated by 3.7k women | 3.3 Average rated by 8 women |
Rating by Men Employees | 3.5 Good rated by 59 men | 4.0 Good rated by 3.8k men | 3.8 Good rated by 12.3k men | 4.3 Good rated by 15 men |
Job security | 3.3 Average | 3.8 Good | 3.7 Good | 4.1 Good |
View more
Nuvama Wealth Management Salaries
Nuvama Wealth Management salaries have received with an average score of 3.5 out of 5 by 84 employees.
Wealth Manager
(22 salaries)
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₹3.2 L/yr - ₹8.3 L/yr
Software Developer
(12 salaries)
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₹8 L/yr - ₹15 L/yr
Chief Manager
(11 salaries)
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₹9.5 L/yr - ₹21.8 L/yr
Relationship Manager
(11 salaries)
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₹4.3 L/yr - ₹8 L/yr
Assistant Vice President
(10 salaries)
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₹7.2 L/yr - ₹32 L/yr
Senior Wealth Manager
(10 salaries)
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₹7.9 L/yr - ₹12.6 L/yr
Cluster Head and Vice President
(7 salaries)
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₹25 L/yr - ₹30 L/yr
Associate Director
(6 salaries)
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₹30 L/yr - ₹63.8 L/yr
Deputy Vice President
(6 salaries)
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₹19.5 L/yr - ₹35 L/yr
Branch Manager
(6 salaries)
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₹9.4 L/yr - ₹13 L/yr
Nuvama Wealth Management Interview Questions
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Popular Designations Nuvama Wealth Management Hires for
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Nuvama Wealth Management News
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Nuvama Wealth Can Rally 33% Says Motilal Oswal, Reiterates 'Buy' Rating On The Stock — Here's Why
- Motilal Oswal maintains a 'Buy' rating on Nuvama Wealth stock.
- Motilal Oswal expects Nuvama Wealth stock to rally 33%.
- Nuvama Private segment shows strong growth with new client additions and increased wallet share.
- Nuvama Wealth stock is attractively trading at a FY27 P/E of 17x.
Bloomberg Quint | 13 Feb, 2025
Volatility hits retail investors: NSE sees drop in active clients, demat accounts in January
- Zerodha, Upstox, and 5paisa Capital reported a decline in active investors in January.
- Mid-sized players like Paytm Money, Sharekhan, Mirae Asset Capital Markets, IIFL Securities, Samco Securities, Nuvama Wealth, and Geojit Financial Services also experienced downturns.
- New demat account openings fell to the lowest in 14 months in January.
- Market correction, SEBI's regulatory changes, and absence of major IPOs have been attributed to the slowdown.
HinduBusinessLine | 12 Feb, 2025
Nuvama Wealth Q3 Results Review - Centrum Broking Maintains 'Buy' On The Stock, Hikes Target Price— Here's Why
- Nuvama Wealth's overall AUM grew 36% YoY (+2% QoQ) to Rs 4.5 trillion in Q3 FY25, adds the brokerage.
- Nuvama Wealth's net profit is expected to clock 27% CAGR over FY24-27, driven by a 21% CAGR in AUM.
Bloomberg Quint | 4 Feb, 2025
Why this wealth management firm is worth your investment
- Nuvama Wealth Management, a well-established wealth management firm, operates in three key divisions - wealth management, capital markets, and asset management.
- The company caters to a range of clients, including affluent, HNIs, UHNIs, family offices, corporates, and institutions.
- Nuvama has a diversified revenue mix, strong profitability metrics, and trades at a lower price-earning multiple compared to listed mutual fund companies.
- With positive growth trends and strong financial performance, the stock is recommended for medium to high-risk investors.
HinduBusinessLine | 5 Jan, 2025
Zaggle Prepaid Approves Allotment Of 1.13 Crore Shares Via QIP
- Zaggle Prepaid Ocean Services Ltd. has approved the allotment of 1.13 crore shares to qualified institutional buyers.
- The shares were allotted at an issue price of Rs 523.20 per equity share, reflecting a 5% discount on the floor price.
- The allotment resulted in an increase in the company's paid-up equity share capital from Rs 12.28 crore to Rs 13.42 crore.
- Motilal Oswal Investment Advisors, Equirus Capital, and Nuvama Wealth Management were the book-running lead managers for the transaction.
Bloomberg Quint | 24 Dec, 2024
Zaggle Launches QIP To Raise Rs 450 Crore, Option To Upsize To Rs 750 Crore—Details Here
- Zaggle Prepaid Ocean Services Ltd. has launched a Qualified Institutional Placement (QIP) to raise Rs 450 crore, with an option to increase the fundraising to Rs 750 crore.
- The indicative price for the QIP is set at Rs 523.2 per share, reflecting a 6.75% discount to the last closing price.
- The offering aims to raise approximately $53 million (Rs 4.5 billion) with a potential upsizing to $88.3 million (Rs 7.5 billion).
- Motilal Oswal Investment Advisors, Equirus Capital, and Nuvama Wealth Management are acting as the book-running lead managers for the transaction.
Bloomberg Quint | 19 Dec, 2024
Zaggle Opens INR 950 Cr QIP, Sets Floor Price At INR 550.73
- Fintech SaaS company Zaggle has opened its qualified institutional placement (QIP) offer to raise INR 950 Cr.
- The floor price for the QIP has been set at INR 550.73 per equity share, a discount of 1.9% from the stock's last closing price.
- Zaggle has appointed Motilal Oswal Investment Advisors, Equirus Capital, and Nuvama Wealth Management as merchant bankers for the QIP.
- The company plans to use INR 500 Cr from the QIP proceeds for investments and acquisitions.
Inc42 | 19 Dec, 2024
Zaggle Prepaid Launches QIP, Fixes Floor Price At Rs 550.73 Per Share
- Zaggle Prepaid Ocean Services Ltd. has launched a qualified institutional placement (QIP).
- The floor price for the QIP is set at Rs 550.73 per equity share, representing a 2% discount compared to the stock's current market price.
- The company may offer a discount of up to 5% on the floor price for the issue.
- The merchant bankers for the QIP are Motilal Oswal Investment Advisors Ltd., Equirus Capital Pvt. Ltd., and Nuvama Wealth Management Ltd.
Bloomberg Quint | 18 Dec, 2024
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Nuvama Wealth acquires shares worth Rs 100 Cr in OYO via secondary market: Report
- Nuvama Wealth has acquired shares worth Rs 100 crore in OYO's parent firm Oravel Stays Limited.
- The share sale at Rs 53 per share values OYO at $4.6 billion.
- OYO's early investors are offering partial exits while potentially introducing new strategic investors.
- Other potential buyers are also exploring stake purchases in OYO at prices ranging between Rs 53-60 per share.
Yourstory | 13 Dec, 2024
Edelweiss Financial Subsidiaries Offload 7.2% Stake In Nuvama Wealth For Rs 1,759 Crore
- Two subsidiaries of Edelweiss Financial Services offloaded a combined stake of 7.2% in Nuvama Wealth Management for Rs 1,759.4 crore.
- Kotak Emerging Equity Scheme acquired a 0.76% stake in Nuvama Wealth Management for approximately Rs 185.8 crore.
- ECap Equities sold a 3.43% stake in Nuvama Wealth Management for approximately Rs 833.2 crore, while Edel Finance Co. offloaded a 3.77% equity stake for about Rs 926.3 crore.
- In September, Edelweiss Services sold a stake worth Rs 1,481.2 crore in Nuvama Wealth, and in August, Edelweiss Financial Chairperson Rashesh Chandrakant Shah sold shares worth over Rs 248.2 crore.
Bloomberg Quint | 12 Dec, 2024
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Nuvama Wealth Management FAQs
How many employees does Nuvama Wealth Management have in India?
Nuvama Wealth Management currently has approximately 1,100+ employees in India.
Does Nuvama Wealth Management have good work-life balance?
Nuvama Wealth Management has a Work-Life Balance Rating of 3.5 out of 5 based on 80+ employee reviews on AmbitionBox. 57% employees rated Nuvama Wealth Management 4 or above, while 43% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Nuvama Wealth Management work-life balance reviews for more details
Is Nuvama Wealth Management good for career growth?
Career growth at Nuvama Wealth Management is rated as moderate, with a promotions and appraisal rating of 3.1. 43% employees rated Nuvama Wealth Management 3 or below, while 57% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Nuvama Wealth Management promotions/appraisals reviews for more detailed insights.
What are the cons of working in Nuvama Wealth Management?
Working at Nuvama Wealth Management does have some drawbacks that potential employees should consider. The company is poorly rated for work satisfaction, promotions / appraisal and job security, based on 80+ employee reviews on AmbitionBox.
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