"SAMCO delivers you the better trade experience with low cost, advanced technology (friendly in usage) and a benefit of membership across all leading stock market and commodity exchange in India including BSE, NSE, MCX-SX, MCX and NCDEX. SAMCO is popular among investors because of its new Indian Trading."
Why SAMCO?
- SAMCO offers Trade at Rs.20 per Order across all segments and irrespective of Order Size. Trade Stocks, Futures, Options, Commodities at Flat 20 per order only
- Get Delivery Trades Funded: up to 4X Leverage
- Samco Provides highest Leverage in the Industry: Get 80x Leverage to trade the NIFTY.
- The first 20 Call-N-Trade orders are free
- Free tools like Brokerage Calculator, SPAN Calculator, SAMCO Data Bank, Pledge Monitor and trading platform on web, desktop and mobile.
- Special feature like Samco Rank MF, SAMCO Cash Plus, Samco Stock Plus , Samco Intra Plus , SAMCO Data bank, SAMCO Ratings Monitor
Positives
- NRI Trading.
- Flat Rate Brokerage Plan (Rs 20 per trade) is simple and easy to understand.
- ITL, the trading League.
- Trading and Demat Account opening are FREE with SAMCO.
- Referral Credit.
- Cover Order, Bracket Order and Trailing Stop Loss order are available
- Get up to 4x Delivery Leverage in the Cash Markets.
- Margin Against Shares: Trade with ZERO Cash Balance.
- Get Upto 80x Leverage for Nifty, 33x leverage for stocks 60x for commodity.
- Trading software is available for free to all the customers.
- Adhar based instant paperless account opening .
Needs Improvement
- No Yearly, Monthly fixed plans available for heavy traders.
- Investment in IPO is not possible
- Mutual Fund investment is not available.
- Average customer Service.
- High Pledge (Creation/Closure/Invocation) demat charges. SAMCO changes Rs 60 per ISIN while brokers like Zerodha charge Rs 32 per ISIN (Rs 20 + Rs 12 CDSL Fee).
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| Year of Incorporation | - |
| Products | CashPlus,Option Fair Value Calculator,Risk Advisor,Data Bank,Stock Ratings |
| Demat Services | Yes |
| Active Exchange Memberships | BSE, NSE, MCX |
| Website | www.samco.in |
| Contact Details | +91 22 2222 7777 |
| Total Number of Clients | 90,174 |
| Total Number of Branches | - |
Samco(Formerly known as Samruddhi Stock Brokers Limited) is one of the leading discount brokers in India. Samco known to be good for beginners since it provides exhaustive repository of basic and intermediate tutorials and investing.
SAMCO Ventures Private Limited founded by Jimeet Modi was incorporated in March 2015. Jimeet Modi is currently the CEO of the company. It acquired Samruddhi Stock Brokers Limited which was established in 1993 and re-branded it to SAMCO Securities.
SAMCO is a discount stock broker which provides both Stock and commodity broking. It's a low cost, technology driven stock broker and commodity broker who charge flat brokerage fees irrespective of volume and have memberships across all leading stock and commodity exchanges in India including BSE, NSE, MCX-SX, MCX and NCDEX.
You can invest in Stocks, debentures, commodity, currency, bonds and ETFs via SAMCO.
SAMCO provides its services at flat fees of Rs. 20/- per transaction irrespective of the order size. SAMCO also runs a referral program in which your friend will save brokerage & get 20 free Trades & you will get 10% of the friends Brokerage for life.
Samco provides customer support through their phone line, query resolution on website and email.In May 2015, SAMCO came up with the idea of Indian Trading League (ITL).India's only commodity and stocks investment and trading league.
Apart from providing the stock Trading and competitive rates Samco also provides below mentioned benefits to its customers:
SAMCO CashPlus: Fist discount broker in India is providing delivery leverage in the equity segment to purchase shares on NSE and BSE. You can get hold of up to 4x on the shares bought i.e. if you have 1,00,000 Rs you can buy shares up to Rs 4,00,000. You need to pay 0.05% charges on the outstanding amount. You can use this facility for 300+ stocks listed in this category.
SAMCO Data bank: This tool provides hands-on information on the company's performance to investors. All the details about the company's financial position, past results in a single pageview for better decision making.
SAMCO Ratings Monitor: SAMCO Stock Ratings-A tool that rates stocks and businesses on key business parameters and matrices and grades every stock rating from "AAA" to "Penny Stock". Naturally, robust businesses with strong fundamentals are rated better and the rating falls as the quality of the business dynamics deteriorates.
SAMCO Margin: Samco offers one of the most flexible margins/leverage policies, here you can get the intraday leverage up to 33x times.
Samco Affiliation Details
- CIN: U67120MH2004PLC146183
- SAMCO Securities Limited (Formerly known as Samruddhi Stock Brokers Limited) SEBI MEMBERSHIP Member ID: INZ000002535.
- SAMCO Commodities Limited - SEBI Reg. No. INZ0000013932
- SAMCO NSE Member ID:
- Capital Market (CM) - INB2312135307
- Future & Options (F&O) - INF2312135307
- Currency Derivatives (CDS) - INE2312135307
- SAMCO BSE Member ID:
- Capital Market (CM) - INB011213536
- Future & Options (F&O) - INF011213536
- SAMCO Commodities MCX Member Code: 55190
- a.MCX: MCX/TCM/CORP/1326
- b.NCDEX: NCDEX/TM/CORP/1123
- CDSL:IN-DP-CDSL-443-2008
Customers Service options offered by Samco
SAMCO offers multiple communication channels to its clients for using the customer service
- 1. Phone Number
- Customer Support / Call & Trade
- +91-22-2222-7777
- +91-22-6169-9000
- Customer Support / Call & Trade
- 2.Email Support :
- 3.Corporate Office :
- Samco Securities Ltd
1004 - A, 10th Floor,
Naman Midtown - A Wing, Senapati Bapat Marg,
Elphinstone Road, Babasaheb Ambedkar Nagar,
Mumbai, Maharashtra 400013
- Samco Securities Ltd
Active Client Details Of Samco
- 90+ Thousand clients..
Samco Account Opening & AMC Charges
Trading Account / Demat opening is a one-time fee that SAMCO charges while initiating your account opening process. Trading /Demat AMC(Annual maintenance Charges) is an annual fee charged by SAMCO to maintain your account, this is annual charges and deduct from your account even if you haven't traded for a year.
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| Trading Account | NIL | NIL |
| Demat Account | NIL | INR400 for Individuals & INR800 for non Individuals. |
| 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 | 10 + applicable taxes | 10 + 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 | 60 per transaction plus applicable taxes | 60 per transaction plus applicable taxes |
| Dematerialization Request Charges | 4 per certificate plus 30 per request towards postal charges | 4 per certificate plus 30 per request towards postal charges |
| Re-materialization Request Charges | CDSL Charges at actuals plus 30 per request towards postal charges | CDSL Charges at actuals plus 30 per request towards postal charges |
Samco Equity Delivery | Intraday Brokerage & Other Charges
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | 0.02% or Rs.20/Trade whichever is lower | 0.02% or Rs.20/Trade whichever is lower |
| STT | 0.1% ON BOTH Buy & Sell | 0.025% On the Sell-side |
| Transaction / Turnover charges | NSC: 0.00325%, BSE - For A Group and B Group Shares – 1 per trade BSE 0.00275% on buying trade & sell trade | NSC : 0.00325%, BSE - 1 per trade on buy trade & sell trade |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.015% | 0.003% |
Samco Equity Future | Equity Options Brokerage & Other Charges
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | 0.02% or Rs.20/Trade whichever is lower | Flat Rs. 20 per executed order |
| STT | 0.01% On the Sell-side | 0.05% On the Sell-side (ON PREMIUM) |
| Transaction / Turnover charges | NSC : 0.00215%, BSE - 1 per trade on buy trade & sell trade | NSC : 0.0575% on Premium, BSE ₹ 1 each on buy trade & sell trade |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.002% | 0.003% |
Samco Currency Brokerage & other Charges
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | 0.02% or Rs.20/Trade whichever is lower | 0.02% or Rs.20/Trade whichever is lower |
| STT | NA | NA |
| Transaction / Turnover charges | NSE: 0.00136% | NSE: 0.0475% |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.0001% | 0.0001% |
Samco Commodity Brokerage & other Charges
| Charges | Commodity |
|---|---|
| Brokerage | 0.02% or Rs.20/Trade whichever is lower |
| STT/CTT | 0.01% on Sell (Not applicable on Agri Commodities) |
| Transaction / Turnover charges | MCX - Non Agri:-0.0026% MCX - Agri:- 0.00175% NCDEX - A:- 0.0035% NCDEX - B:- 0.00125% |
| SEBI Charges | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | Futures 0.002%, Options 0.003% |
*Charges for special services
- Samco Call and Trade charges would be applicable at the rate of 20 per executed order.
- Requests for Physical contract notes would be charged at 20 per contract note plus applicable courier charges by Samco.
SAMCO Charges Explained
- Securities / Commodities Transaction Tax: Tax levied by the government when transacting on the stock exchanges. Charged on both buy and sell sides while trading equity delivery. Charged only on the side of sale when trading intraday or on F&O.
- Transaction/Turnover Charges: Exchange transaction charges + Clearing charges which are charged by NSE, BSE, MCX, and clearing members.
- Call & trade: Additional charges of ₹20 per executed order:
- For orders placed through our support/dealing desk.
- Intraday (MIS/BO/CO) positions squared off before market closing by our RMS team.
- Stamp charges: Charged as per the state of the client's correspondence address.
- GST: Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)
- SEBI Charges: Charged at ₹15 per crore by the Securities and Exchange Board of India for regulating the markets.
- AMC (Annual maintenance charges): Charged at ₹400/Year
Exposure or Leverage provided by SAMCO
| Trade Type | MIS Orders | CO Orders |
|---|---|---|
| Equity _Intraday | up to 3X to 10X on MIS orders | up to 50X on CO Orders |
| Equity Future | SAMCO offers 40% to 50% of NRML Margin for MIS | Additional leverage for CO Orders. |
| Equity Options | No Margin | No Margin |
| Currency Future | 50% of NRML Margin for MIS | Additional leverage for CO Orders. |
| Currency Options | SAMCO Currency Options - 50% of NRML Margin | SAMCO Currency Options - 50% of NRML Margin |
| Commodities | 40% of normal Margin for MIS | Additional leverage for CO Orders. |
*MIS: Margin intraday square
*CNC: Cash n Carry
Exposure or Leverage provided by Samco
A common question and requirement that clients ask for are can I get margin against shares with SAMCO? SAMCO offers 2 products to enable clients to trade with margin against shares.
| Particulars | IntraPlus | StockPlus |
|---|---|---|
| Suitable for | Intraday Traders | Intraday and Positional Traders |
| Product types allowed for trading | BSE – CM, NSE – CM, NSE – F&O, NSE – CDS – MIS only | BSE – CM, NSE – CM – BO and CO NSE – F&O, NSE – CDS – All product types permitted |
| Sale of Pledged shares | Instant. | Instant subject to live sale request which can be entered from SAMCO STAR Dashboard. |
| Subscription Fees | Rs. 1000 + taxes | Rs. 1500 + taxes |
| Interest applicable | On Ledger Debit | On Ledger Debit minus lower of (collateral value or 50% of F&O + CDS Margins) |
| Positions can be held for | Intraday only. All positions must be compulsorily squared off prior to the market closing | No restriction. Positions can be carried forward as long as sufficient margin exists. |
| Checking Limits in SAMCO Trading Terminals | "Collateral Value" field in trading terminals | "Adhoc Margin" field in trading terminals |
| Pledge and Unpledged charges | Rs. 60 per request per ISIN | Rs. 60 per request per ISIN Instant Sale Requests – Rs. 90 per request per ISIN |
| Number of Stocks available for Pledge | 800+ | 800+ |
| Restrictions on Unpledged Requests | In case of Ledger debits or Sale of pledged shares | In case of Ledger Debits or Pending Instant sell requests |
| Holdings view in SAMCO Trading Terminals | Under "Collateral Quantity" | Under "Withheld holdings Quantity" |
Samco Account Offering
At SAMCO you can open an Equity & Derivatives Trading account, Demat account, and Commodity Trading account.
Opening an Account with Samco
Opening your Demat with SAMCO is free of cost as they don't charge for anything, no additional charges are applicable for maintaining your Demat. All Samco need is some physical paperwork as a piece of evidence with Rs.400 for the AMC. For Trading with SAMCO, the investor has to open two accounts i.e. (trading + Demat.)
For online trading with SAMCO, the investor has to open a 2-in-1 account(Trading and Demat). Following are the ways to open an account with SAMCO, Online & Offline :
- Fill out an online application form.
- Website: https://www.samco.in
- Contact Phone Number/helpline: +91-22-2222-7777/+91-22-6169-9000
- Contact email: [email protected]
- Registered Office:1004-A,10th Floor, Naman Midtown-A Wing, Senapati Bapat Marg, Elphinstone Road, Mumbai-400013
You require the following documents for opening an account with Samco :
- Photograph
- PAN Card
- Bank Details – Cancelled cheque or Bank Statement/Passbook copy
- Aadhar Card (or alternative address proof such as Drivers License, Voter ID, etc)
- Proof of Income (6 months bank statement or ITR Return or 3 months– salary slip)
- Account opening fees are as follows :
The Final Thoughts about Samco
Samco provides a better experience than a lot of other stockbrokers. Samco not only provides good trading tools like NEST, and the Stock note mobile app but also has margin fund products Cash Plus, and Insta Plus that are very helpful for the Positional traders:
Some of the reasons to choose SAMCO as your broker is:
- They are way cheaper in terms of pricing which is Rs. 20 or 0.2%.
- Its exhaustive trading tutorials for beginners and intermediate users
- It provides segment-wise margins.
- SAMCO Pledge Monitor Track the stock pledged by the promoters easily! No need to jump around multiple sites
- SAMCO gives you the platform to be a part of the Indian Trading League which gives you a chance to win Rs.1 Crore.
- SAMCO also gives great offers for trading likewise Free call and Trade no charges on the first 20 CNT orders which provides you with a saving of 458
- SAMCO Referral Program where you get a chance to trade free and also get 10% of your friend's brokerage for Life!
- SAMCO Risk Adviser where you can check the health of your portfolio.
At the same time, some of the concerns are:
- No monthly or yearly fixed-price plans for heavy traders
- Investing in IPOs not possible.
Free Account Opening + 100% Brokerage Refund for 1st Month + 0 AMC 1st Year
- Free Account Opening
- 100% free brokerage for 1st month
- Free Demat AMC for 1st Year
- Pay flat Rs 20 for Equity Delivery, Intra-day and F&O Trades.
It is a limited-time offer. Open Instant Account online and start trading the same day.
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