An honest review about SAMCO!

Comprehensive study and detailed SAMCO review of its products, services, key features, brokerage charges, and other benefits.

Capital Markets is a kind of topic that attracts everyone’s attention be it a youngster or an elderly person, a Commerce graduate or an Engineer or an Artist. Everyone would be interested in raising capital by way of investing either in FDs, shares, bonds, or other investment options. Similarly, stockbroking is a business that caters to everyone’s investing needs as well as trading needs.

About Samco Securities

Samco Securities is one of India’s leading investment technology company registered with SEBI as a stockbroker, research analyst, and a member of NSE, BSE, MCX, and NCDEX. The company is a depository participant membership of CDSL.

Samco Securities was incorporated by Mr. Jimeet Modi, Founder & CEO of Samco Group in 2015. As the country’s leading flat-fee brokerage and investment-tech platform, Samco Securities provides retail investors access to sophisticated financial technology and makes their wealth-creation journey simple, informed, and cost-effective.

Samco Securities mission is to help every stock market participant consistently outperform the index and achieve their best financial performance. With customer centricity at Samco’s core, they have implemented a quantitative approach to provide differentiated solutions that empower customers to ace the capital markets by trading & investing in stocks, Equity Derivatives, Currency Derivatives, Commodity, Mutual Funds and IPO.

ABOUT JIMEET MODI, FOUNDER & CEO SAMCO GROUP

Jimeet Vipul Modi is the founder promoter and CEO of the Samco Group which is a leading wealth-tech and investing services platform. The Samco Group operates broadly with 3 lines of business – firstly, Samco Securities which is a leading and profitable equity & commodity broker. Secondly Samco Asset Management/ Samco MF which is India’s youngest Asset Management Company and finally Rank MF which offers financial product research, distribution and wealth management services.

As a group, Samco operates with a mission of building products, solutions and providing services to helping investors achieve superior investment returns & financial performance. Under his leadership, Samco has scaled from over a 10 member+ team in 2015 to over a 550+ member organization in 2023 with revenues scaled to a run rate of over INR 100+ crores per annum during this period. In a short time, Samco’s Equity & Equity linked assets under management and distribution have crossed INR 1000+ crores.

Jimeet is a Rank Holder Chartered Accountant from the Institute of Chartered Accountants of India & commerce graduate from the University of Mumbai. He is an alumnus of R.A. Poddar College of Commerce and Economics & a CFA (USA). He began his career as a part of the auditing team at Deloitte, where he audited several large corporates like JSW Steel, Cadbury India, Shoppers Stop, DSP Merrill Lynch, etc.

In addition to his impressive educational background, Modi has a successful career spanning over 15+ years, during which he has gained extensive experience in equity research, investment analysis, and technology. With his unique blend of technical knowledge and business acumen, Modi is well-positioned to continue driving the success of the Samco Group for many years to come.

List of Charges: Brokerage, Demat, Account Opening Charges, and Other Related Charges

SAMCO review: Brokerage Charges and Other Charges:

EQUITY AND DERIVATIVE	DELIVERY	INTRADAY	FUTURES	OPTIONS
Brokerage Charges	₹20 per executed order or 0.5% whichever is lower	₹20 per executed order or 0.05% of gross turnover whichever is lower	₹20 per executed order	₹20 per executed order
Transaction Charges	NSE – ₹3.45 per Lacs (0.00345%)BSE – For A Group and B Group Shares – ₹1 per tradeFor other groups – ₹3.45 per Lacs (0.00345%)For XC, XT, XD, Z and ZP – ₹100 per Lacs (0.1%)For R and P Group – ₹1000 per Lacs (1.0%)	NSE – ₹3.45 per Lacs (0.00345%)BSE – ₹3.45 per Lacs (0.00345%)	NSE – ₹2 per Lacs (0.0020%)BSE – ₹1 per trade	NSE – ₹53/- per Lacs (0.053%) on PremiumBSE – ₹1 per trade
CM Charges	Nil	Nil	NSE – ₹0.25 per Lacs (0.00025%)BSE – ₹0.25 per Lacs (0.00025%)Physical Delivery – ₹100 per Lacs (0.10%)	NSE – ₹7.5 per Lacs (0.0075%) on PremiumBSE – ₹7.5 per Lacs (0.0075%) on PremiumPhysical Delivery – ₹100 per Lacs (0.10%)
GST	18% on Brokerage, Transaction, SEBI Charges & CM Charges	18% on Brokerage, Transaction, SEBI Charges & CM Charges	18% on Brokerage, Transaction, SEBI Charges & CM Charges	18% on Brokerage, Transaction, SEBI Charges & CM Charges
STT	₹100 per Lacs (0.1%)	₹25 per Lacs (0.025%) on Sell side	0.0125% on the sell side	0.125% of the intrinsic value on options that are bought and exercised0.0625% on sell side (on premium)
SEBI Charges	₹0.10 per Lacs	₹0.10 per Lacs	₹0.10 per Lacs	₹0.10 per Lacs

CURRENCY	FUTURES	OPTIONS
Brokerage Charges	₹20 per executed order or 0.05% of gross turnover whichever is lower	₹20 per executed order or 0.05% of notional turnover whichever is lower
Transaction Charges	NSE – ₹0.90 per Lacs (0.0009%)	NSE – ₹35 per Lacs (0.035%) on Premium Value
CM Charges	NSE – ₹0.25 per Lacs (0.00025%)	NSE – ₹7.5 per Lacs (0.0075%) on Premium
GST	18% on Brokerage, Transaction, SEBI Charges & CM Charges	18% on Brokerage, Transaction, SEBI Charges & CM Charges
STT	Nil	Nil
IPF	0.000050%	0.0020%
SEBI Charges	0.15 per Lacs	0.15 per Lacs

COMMODITY	FUTURES
Transaction Charges	MCX – Non Agri:- ₹2.6 per Lacs (0.0026%)MCX – Agri:- ₹1.75 per Lacs (0.00175%)NCDEX – A:- ₹3.5 per Lacs (0.0035%) NCDEX – B:- ₹1.25 per Lacs (0.00125%)
CM Charges	SAMCO is a Self-clearing Member in the MCX and therefore No Clearing Member charges are applicable while trading with SAMCO.
GST	18% on Brokerage, Transaction, SEBI Charges & CM Charges
CTT	₹10 per Lacs (0.01%) on Sell Side only (Not applicable on Agri Commodities)
SEBI Charges	₹0.15 per Lacs

SAMCO Review: Other Charges

Call and Trade Charges are applicable at the rate of Rs. 20 per executed order.
Physical Contract Notes requests are chargeable at Rs. 20 per contract note plus courier charges

CHARGES	Individual Retail Investors	Non – Individual Customers (Eg. Companies, Trusts, etc)
Demat – Annual Maintenance Charges	400 + applicable taxes	800 + applicable taxes
Demat Delivery Charges – Within SAMCO #1	₹15 + applicable taxes	₹15 + applicable taxes
Demat Delivery Charges – outside SAMCO #2	₹25 or 0.02% of transaction value, whichever is higher + applicable taxes	₹25 or 0.02% of transaction value, whichever is higher + applicable taxes
Pledge and Unpledged Charges	₹30 per transaction plus applicable taxes	₹30 per transaction plus applicable taxes
Dematerialization Request Charges	₹10 per certificate plus ₹50 per request towards postal charges	₹10 per certificate plus ₹50 per request towards postal charges
RE-materialization Request Charges	CDSL Charges at actuals plus ₹50 per request towards postal charges	CDSL Charges at actuals plus ₹50 per request towards postal charges

SAMCO Review: Margin / Exposure

Features of Trading and Investing with SAMCO Securities Limited

Andekha Sach with Samco Securities Limited

Samco Securities, a leading online stockbroker in India, is proud to empower traders to tap into their hidden potential to succeed, through its new integrated campaign – “Andekha Sach”. With this campaign, Samco Securities becomes the first stockbroker in India to launch new feature ‘My Trade Story’ to provide traders with insights derived from their personal past trade performance, on the next-gen Samco CRP (Capital Resource Planning) platform.

For the first time in India, My Trade Story will highlight such patterns and insights derived from a trader’s personal experience to help them make better trading decisions. The hyper personalized and advanced trading features will also offer benefits worth Rs.12,000 to the clients free of cost, as an introductory offer.

SAMCO Review: Products & Services

Samco Securities mission is to help every stock market participant consistently outperform the indices and achieve their best financial performance. With customer centricity at Samco’s core, they implement a quantitative approach to provide differentiated solutions that empower their customers in acing the capital markets.

Focusing on the Mission, they have launched the Mission Ace The Index for the Indian retail investors and traders. Mission Ace The Index is a nationwide initiative launched by Samco Securities with the aim of empowering investors and traders to enhance their investment performance and outperform benchmark returns. This program is designed to provide participants with the tools, resources, and knowledge they need to succeed in the complex and ever-changing world of investing.

As a part of the mission, they are inviting stock market participants to join ‘Mission Ace the Index’,

and take the pledge to prioritize their investment performance.

With the launch of new-gen Samco App, a Capital Resource Planning (CRP) platform, they are now

poised to bring tech enabled, personalized features to help drive customer success. They understand that every investor’s needs are unique, which is why they offer a comprehensive suite of platforms across their three core businesses of securities, mutual fund distribution and asset management. This diversified offering provides a wide range of solutions for their customers to choose from, as they start building their wealth.

THE NEW-GEN SAMCO TRADING APP

A tech-led revolutionary trading app that introduces power packed features like personal index, peer

comparison, net worth widget & social sharing to improve customers efficiency in stock market.

The key features of the new-gen Samco app are as follows:

Personal Index: Samco clients can create their own personal index and track their true stock market performance by comparing it against a chosen benchmark index. They cant track their performance on a real time basis and know whether they are outperforming the benchmark index or underperforming the benchmark index. They can add multiple number of benchmark indices as per choice for comparison.
Net Worth Tracker: The net worth tracker is a unique widget in the new-gen Samco app which gives a real time movement of clients net worth. Samco clients can easily track their net worth movement spread across different segments and efficiently utilise their funds.
Peer comparison tracker: Samco clients can also compare their personal index performance with their peers at Samco. They can compare it within their category or within the whole Samco universe. This gives them clear picture where do they stand amongst the peers at Samco.
Star fund manager: Not only Samco clients can compare their personal index performance with their peers at Samco, they can compare their performance with the star seasoned mutual fund managers of different AMCs. They can really check whether they are out performing or underperforming.
Advanced watchlist: The advanced watchlist in the new-gen Samco app not only allows clients to add stocks to their watchlist but it also allows them to track their personal index with market movers and gainers of the day. Future & options traders can benefit from the Future OI Build up widget and FI & DI insights.
Advanced options trading: Samco clients enjoy no restrictions in selecting the strike prices for option contracts and also leverage their option chain analysis by accessing all the strike prices in one place.
Margin Trade Funding: The Samco MTF facility helps Samco clients to enjoy up to 4X margin against their cash balance in about 500+ stocks. Also Samco client can initiate trades at even Zero balance by getting a margin against their shareholdings.

The Samco mobile is available for free to all customers. You can download StockNote mobile app free from the following app stores:

Download the Samco App Now

OTHER BROKING PRODUCTS

Stock SIP: Customers can now choose to invest in stocks through a periodic Systematic Investment Plan (SIP) starting as low as ₹2000/- per month, enabling them to embark on their trading journey.

SAMCO WEB TRADING PLATFORM

Samco web platform is an excellent choice for investors who are looking for a reliable and secure online trading platform. With its comprehensive features and intuitive user interface, investors can easily trade a wide range of financial instruments and make informed trading decisions.

SAMCO DESKTOP TRADING APPLICATION – NEST TRADER

In the Samco Nest Trader, a trader can get access to a minute-by-minute intraday chart. This is of great utility for intraday trading. This facility is provided under the NEST Plus Charts service. While logging in for the very first time after the account opening, the client would be asked to register for the NEST Plus Service.

One needs to enter just their mobile number and their Email ID. This is a one-time registration process and is required only once. The registration can be done later as well. One can also visit the Nest Plus website for registration. Know more about Samco’s desktop trading application.

SAMCO MARGIN TRADE FUNDING PRODUCTS

MTF CashPlus – Samco offers a host of leverage products to investors and traders, one of which is CashPlus. CashPlus enhances client’s equity delivery buying leverage..

CashPlus is Samco’s equity delivery leverage product that allows investors to get up to 4X margin against cash in over 400+ stocks for equity delivery trades. In simple terms, if you have Rs.1,00,000 cash balance in your Samco ledger account, you can buy stocks in delivery for up to Rs. 4,00,000 with a CashPlus subscription.

MTF StockPlus – StockPlus is a complete margin-against-shares and mutual funds product that provides trading limits against your shareholdings for intraday and positional trading in the equity derivatives and currency derivatives segment.

SAMCO’s OTHER PRODUCT OFFERINGS

RankMF: Samco’s mutual fund research platform that allows mutual fund distributors to access

and recommend top-rated and ranked mutual fund schemes to their audience. It also allows customers to have insight-led mutual fund portfolios.

KyaTrade: An innovative platform that instantly identifies and streams a vast array of trading

and investing ideas, enabling users to capitalize on opportunities from any location and at any time of the day.

StockBasket: Launched first in India, enables investors to invest in expertly curated basket of

quality stocks best suited to their long-term goals.

SAMCO review: SAMCO MUTUAL FUNDS

SAMCO FLEXI CAP FUND

Samco Flexi Cap Fund will invest in 25 Hexashield-tested efficient companies from India & across the globe at an efficient price, maintaining an efficient portfolio turnover & cost to generate a superior risk-adjusted return for investors over the long term.

SAMCO ELSS TAX SAVER FUND

Samco ELSS Tax Saver Fund is an open-ended Equity Linked Saving Scheme with a statutory lock-in of 3 years and tax benefit. It aims to provide you with the potential return of investing in high-quality mid and small companies with the benefit of tax savings.