Samco Review
Overview
SAMCO company is a brokerage that provides financial products and services. They have an economic stockbroking menu, which includes margin funding, loans against shares, and other financial products.
It also offers depository services via CDSL (Central Depository Services Limited). This Mumbai-based fintech company was awarded “India’s best equity broking house” by CNBC Awaaz in 2019.
SAMCO is listed on the NSE, BSE, and MCX exchanges (National Stock Exchange of India Ltd., Bombay Stock Exchange Ltd., and Multi Commodity Exchange of India Limited).
It gives its customers an edge by saving them 60% in commission fees or taxes across different offerings from brokerage to NBFCs(Non-Banking Financial Company).
It doesn’t discriminate when it comes to charging a broker fee for various items like stocks and commodities – it charges the same amount for all tradable assets with no hidden costs involved.
Samco Account Opening Charges
Samco will open the trading account and the Demat account for you free of cost. Yes, you don’t have to pay any money in order to open the trading and Demat account.
But, Samco will charge you for the Demat account AMC. The AMC stands for the Annual Maintenance Charges. This is the basic charge that is taken for the maintenance of your account. You have to pay only ₹ 400 on the yearly basis as the annual maintenance charge.
Sr.No | Account Type | Time Frame | Fee |
1 | Trading Account – Opening Charges | One Time Charge | ₹0 |
2 | Trading Account – Maintenance Charges | Yearly Charge | ₹0 |
3 | Demant Account – Opening Charges | One Time Charge | ₹0 |
4 | Demant Account – Maintenance Charges | Yearly Charge | ₹400 |
Samco Brokerage Charges
Samco takes complete care of its customer while charging for the best brokerage. The maximum amount that they charge is ₹ 20 for the executed orders. If possible, they charge less than that amount also.
For Equity, delivery trades
The Samco will charge either ₹ 20 or 0.20% of the order to you. They will charge the amount which is lower.
If the order value is less than 0.20% of the order is charged which will be less than ₹ 20, but when the order value is huge, then ₹ 20 is charged because 0.20% of the order value becomes more than ₹ 20.
Sr.No | Segment | Brokerage |
1 | Equity – Delivery | ₹ 20/trade or 0.20% (whichever is less) |
For Intraday trades and F&O trades
The Samco will charge either ₹ 20 or 0.020% of the order value to you. They will charge the amount which is lower.
If the order value is less than 0.020% of the order is charged which will be less than ₹ 20, but when the order value is huge, then ₹ 20 is charged because 0.020% of the order value becomes more than ₹ 20.
Hence, you don’t have to worry about the brokerage charges with the samco.
Sr.No | Segment | Brokerage |
1 | Equity – Intraday | ₹ 20/trade or 0.02% (whichever is less) |
2 | Equity – Future | ₹ 20/trade or 0.02% (whichever is less) |
3 | Equity – Options | ₹ 20/trade or 0.02% (whichever is less) |
4 | Commodity – Future | ₹ 20/trade or 0.02% (whichever is less) |
5 | Commodity – Options | ₹ 20/trade or 0.02% (whichever is less) |
6 | Currency – Future | ₹ 20/trade or 0.02% (whichever is less) |
7 | Currency – Options | ₹ 20/trade or 0.02% (whichever is less) |
Demat Charges
The Samco Demat account changes of the samco that you should be aware of are as follow –
Transaction | Charges |
Demat Account | ₹0 |
Stamp Charges | ₹50 |
AMC – Individual | ₹400/year + GST |
AMC – Corporates | ₹800/year + GST |
Inter Depository Transfer (Buy) | – |
Inter Depository Transfer (Sell) | 0.02% or ₹25 (Whichever is high) |
Transaction Charges (Buy) | – |
Transaction Charges (Sell) | ₹10 |
Demat (Per certificate) | ₹ 10 + ₹50 Courier charges |
Remat | CDSL Charges + ₹ 50 Courier charges |
Pledge (ISIN) | ₹ 60 (CDSL Included) |
Unpledge (ISIN) | ₹ 60 (CDSL Included) |
Pledge Invocation (ISIN) | ₹ 60 (CDSL Included) |
Transactional Charges for Equity
Sr.No | Segment | NSE Charges | BSE Charges |
1 | Delivery | ₹345/crore | ₹345/crore |
2 | Intraday | ₹345/crore | ₹345/crore |
3 | Future | ₹200/crore | ₹1/trade |
4 | Options | ₹5,300/crore | ₹1/trade |
Other Transactional Charges
Sr.No | Segment | Charges |
1 | Currency Future | ₹110/crore |
2 | Currency Options | ₹4,000/crore |
3 | Commodity | ₹175/crore (Agri) ₹260/crore (Non-Agri) |
Samco Margin Exposure Or Leverage
Samco provides the maximum 5x leverage for intraday trading. For future & options intraday trading in Equity, Commodity, and Currency trading on the BSE, NSE, and MCX platforms, Samco provides a 1.3x margin.
You can study the following table for a better understanding.
Sr.No | Segment | Margin | Leverage |
|---|---|---|---|
1 | Equity Delivery | 100% * Trade Value | 1x |
2 | Equity Intraday | 20% * Trade Value | 5x |
3 | Equity Future | 100% * NRML margin | 1x |
4 | Equity Options | 100% * NRML margin | 1x |
5 | Currency Future | 100% * NRML margin | 1x |
6 | Currency Options | 100% * NRML margin | 1x |
7 | Commodity Future | 100% * NRML margin | 1x |
8 | Commodity Options | 100% * NRML margin | 1x |
Samco Other Charges
Sr.No | Tax Type | Tax Rate |
1 | GST | 18% |
2 | SEBI | 0.0001% (₹10/Crore) |
3 | Stamp Duty for Equity | Delivery – 0.015% Intraday – 0.003% Future – 0.002% Options – 0.003% |
4 | Stamp Duty for Currency | Future – 0.1% Options – 0.0001% |
5 | Stamp Duty for Commodity | Future – 0.002% Options – 0.003% |
6 | Securities Transaction Tax for Equity | Delivery – 0.01% (Buy & Sell) Intraday 0.025% (Sell Side) Future – 0.01% (Sell Side) Options – 0.05% (Sell Side) |
7 | Securities Transaction Tax for Commodity | Future – 0.001% (Sell Side) (Non Agri) Options – 0.005% (Sell Side) |
8 | On Exercise transaction | 0.125% |
9 | Right to entitlement | 0.05% (Sell Side) |
Samco Products & Services
The list of products & services includes:
Samco Products
Equity Trading | Yes |
Commodity Trading | Yes |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | Yes |
Forex | No |
Banking | No |
SIP | Yes |
Insurance | No |
SAMCO stands for SAM Capital and offers a variety of investment opportunities to customers. They include equities, commodities, currencies, derivatives – futures, and options; in addition, they also offer mutual funds and SIPs.
- Equity Derivatives: Equity derivatives are assets that have their value based on the underlying asset. In this case, the underlying asset is shares of a listed company.
- Currency Derivatives: With currency derivatives, investors can invest in the currencies of different countries without actually needing to buy them.
- Commodity: Commodities have evolved with the evolution of society to a high degree. Now, investments are not limited to stocks or debentures but can be commodities as well.
- Mutual Funds: Investors can also invest in Mutual Funds through Samco’s various stock platforms.
- IPO: The IPO is the first time a company offers its equity shares to the general public and with Samco, you can apply for an upcoming IPO easily.
Samco Services
Demat Services | Yes |
Trading Services | Yes |
3 in 1 Account | No |
Intraday Services | Yes |
Ipo Services | Yes |
Stock Recommendations | No |
Robo Advisory | No |
PMS | No |
Trading Institution | No |
Trading Exposure | Upto 5x |
- Demat services are depository participants of the central depository system.
- It offers its trading services, which include intraday services as well as IPO facilities.
Margin Funding – Margin funding is a process in which investors pay a small percentage of the share broker value and the stockbroker funds the remaining amount.
Loan Against Shares – One of the other benefits for investors is that they can avail of a Loan Against Shares (LAS) facility where they borrow against their underlying shares.
Research Services – Samco also provides research services to its customers, so that they can make better investment decisions.
Samco Offers
Free Demat Account | No |
Free Trading Account | No |
Discount On Brokerage | Yes |
Trading happy Hours | No |
Flexible Brokerage plans | No |
1 Month Brokerage Free | No |
Holiday Offers | No |
Referral Offers | No |
Zero Brokerage For Loss Making Trades | No |
The following are the deals and discounts offered by SAMCO-
- The Demat account and the trading account opening charges are waived when you sign up for this plan.
- If you meet certain criteria, the brokerage amount for fulfilling your order will be discounted.
- Samco securities limited also offers limited-time promotions from time to time.
Cash Plus – Cash Plus is an innovative product that can help increase your equity delivery leverage. It lets you optimistically take on equity partners with a high appetite for risk, while also diversifying the sources of funding.
Stock Plus – Stock Plus is a comprehensive mutual fund and margin-against-shares that maintains trading limits against shareholdings for intraday and positional trading.
BTPT – SAMCO – One of their favourite features is Buy Today, Pay in Two Day’s offer to extend two days of credit if you buy equities on the spot.
Samco Trading Platform
Desktop Platform – Windows Desktop Platform – Mac | Yes Yes |
Desktop Browser platforms | Yes |
Mobile Site Platform | No |
Android App platform | Yes |
IOS App Platform | Yes |
Windows App Platform | No |
Other Mobile OS Platforms | No |
Real-Time Updates | Yes |
Portfolio Details | Yes |
Online MF Buy | Yes |
News Flash | No |
Research Reports | Yes |
Easy Installation | Yes |
Global Indices | Yes |
Stock Tips | No |
Personalized Advisory | Yes |
Interactive Advisory | Yes |
Live Markets | Yes |
SMS alerts Email Alerts | Yes Yes |
Multi-Account Management | Yes |
From mobile to desktop, there is a huge number of the best trading platform provided by samco, A large number of platforms give you the freedom to work from any platform as per your need and comfort.
These platforms are explained below in very simple words. You can use any of these platforms as per your need and comfort.
Desktop Application
Nest Trader is a high-end trading terminal with a robust, stable desktop trading platform designed for traders who trade at high frequencies. The desktop application is very important for serious traders. You can not trade using the mobile application or any other application.
The desktop application gives you the freedom to view the charts on the big screens and on the multiple screens which will be very helpful for the serious everyday trader.
Web Trading
StockNote Web is a web browser-based trading software. You can access it from any computer with an internet connection, regardless of the operating system. It has the features a trader needs for trading like the full market watch and charting, advance order types such as brackets and cover orders, super-fast order placement options, and many more features to trade at BSE (Bombay Stock Exchange), NSE (National Stock Exchange) or MCX (Multi Commodity Exchange of India Limited).
Mobile Application
StockNote is a mobile app for trading on the BSE, NSE, and MCX. The feature-rich trading application is simple to use on your phone and fast. Live news alerts you from time to time about market changes through notifications or pushes notifications as well as streaming quotes in addition to charts showing the past performance of any stock.
The mobile application will be helpful for you if you want to keep the eye on the market throughout the day. The most important advantage of the mobile application is that it gives you mobility freedom. You can go from one place to another place with the mobile in your pocket very easily.
Mutual Fund Platform
A mutual fund is one the good investment option for the beginner. If you don’t have much knowledge about the investment, then the mutual fund is the best option for you. The Samco mutual fund platform – RankMF is more than just a Mutual Fund Investment Platform- it helps you to make informed decisions, earn better returns and monitor your portfolio. It also allows you to manage up to one’s financial goals with its features like goal setting, advice on the best funds, etc.
Back Office Platform
Samco Star is an online platform that provides back-office facilities to Samco securities brokers. You can get account statements, analyze the trades, manage funds and check your Demat holdings there too. This platform can be a decent solution for the back office platform.
Stock Basket
StockBasket is a financial service that generates long-term wealth for your investments by recommending stocks from expert advice and with an inbuilt intelligent evaluation system. StockBasket helps you create the lifestyle you want, without taking too much risk.
Now, this is something that helps you to play the safe game in the market. You know that the stock market is like fire. If you use it well, you can use it to cook but if you don’t use it well, it can literally burn your house. In such conditions, expert advice can be valuable for you. They can help you to achieve your goals without much risk.
Advantages & Disadvantages Of Samco
Advantages Of Samco
- You can execute any trade on the samco platform at just ₹20 per trade. You can trade on the BSE, NSE, and MCX platforms at a very cheap price. The maximum amount that the samco will charge you is just ₹20.
- You do not have to pay any amount for opening the Demat account with the samco platform. Also, you do not have to pay any annual maintenance charges for the first year. After the first year, you have to pay ₹400 on a yearly basis as the annual maintenance charges.
- The trading software provided by samco is available to you for free. You don’t have to pay any amount in order to use these trading platforms. Also, these platforms are very easy to use and these platforms are very reliable and dependable.
- The account opening process of the samco is very simple and easy. Even a beginner can use the platform very easily without any hesitation. Also, you can open an account online and you do not need to do any heavy paperwork in order to use these platforms.
- You also get 100% brokerage cashback in the first month of the trading. This is really an exciting offer for any person.
Disadvantages Of Samco
- You do not get the NRI trading service on the samco platform. This means that any Nonresendintial Indian can not trade with the samco platform.
- Some people want an unlimited monthly trading plan so that they can trade as much as they want without any hesitation. But unfortunately, as of now, there is no such plan of unlimited trading in the samco.
- Only one trading platform can be used at a time. This can be really a matter of concern for some people.
Samco Review: Final Thought
SAMCO offers a range of benefits to their customers, including margin funding at 0.05% interest per day and pledge share broker in your Demat account for extra margin.
They also offer Direct Mutual Fund investment but not with the freedom RD gives you when trading; there are high Demat charges that go along with this type of account without any NRI Trading or free brokerage firms on delivery and Flat Rate Brokers who charge Rs 20 per executed order which has no monthly fee requirement or minimum balance requirements-just call & trade charges an extra Rs 20 if they need to be done through SAMCO’s StockNote app available as a guest before opening an account online.
I hope, you find this article meaningful and useful. Let us know your review about the samco in the comment section below.
