StockBasket Review – Top Features, Charges, Benefits, Baskets, Watchlist & more
Are you looking forward to cashing in on stock investment? However, without requiring in-depth market research, knowledge, or expertise for stock selection? If so, StockBasket Investing Platform is an optimal investment option.
SAMCO launched this Basket Investing Platform for investors wanting to invest their money in the readymade baskets of multiple stocks according to their financial goals.
Let’s learn the nitty-gritty of this basket investing platform in the StockBasket Review.
About StockBasket Basket Investing
StockBasket Basket Investing has come across the optimal solution for the stock selection problem.
This is India’s first long-term buy-and-hold basket investment platform. It allows investors to select expert-constructed baskets.
These baskets contain 6 to 25 quality stocks. Investors can choose any depending on their wealth generation goals, risk appetite, and time horizon.
SMCO builds the basket investing platform to provide every small to big investor access to wealth creation. They can earn money via the stock market without the hassle of selecting certain stocks.
SEBI-registered investment experts curate a StockBasket after considering 25 Intelligent Stock Rating parameters. These parameters help minimize the risk and maximize returns for the investors.
Moreover, these baskets are curated with a minimum 5-year investment horizon. This prevents investors from churning their portfolios. Instead, they can capitalize on compounding in long-term investments.
StockBasket Basket Investing – Top Features
Enlisted below are the exceptional features of StockBasket Basket Investing Software:
Single-click investment: The software features single-click investment, which allows investors to place orders for a Basket containing 6 to 25 stocks with just one click.
In-built intelligence system: The software is acquainted with an in-built intelligence system—a proprietary system.
It evaluates two crores+ data points daily to determine the quality of stocks in investors’ baskets. Thus, this intelligent system helps reduce investment risk to the minimum.
Comparing Basket: This basket investing platform has a dedicated section enabling basket comparison.
Investors can know how much more they would have earned by investing in baskets than gold, PPF, real estate, FD, bonds, or MF.
SIP investment: The platform facilitates SIP investment. This means that investors can invest in baskets or mini portfolios monthly, quarterly, half-yearly, or yearly.
This feature will help investors create a sizable corpus. Moreover, they can deal with market volatility with small regular basket investments.
5-year fee refund guarantee: This is one of few basket investing platforms offering a 5-year fee refund guarantee feature. The most vital factor in long-term wealth creation is not to lose money.
Thus, this platform completely refunds the investors’ subscription fee if they don’t earn any return on their basket investment for five years.
Track Basket’s Performance: After buying a basket, you can monitor its performance on the software’s dashboard. Experts recommend deleting or adding stocks based on basket performance.
Value for money: The software features a ‘Value for Money’ icon. It specifies whether buying a specific basket at the current rate is cheap and expensive for an investor.
If the icon shows ‘Excellent,’ the Basket is too undervalued. Conversely, ‘Very Poor’ indicates that the specific basket is too overvalued.
You should avoid investing in that basket till prices are reasonable.
Strength icon: Another unique feature of this basket investing app is the ‘Strength’ icon. This icon indicates the portfolio’s resilience.
It means how soon and well a specific basket can recover from a fall. Excellent Strength means the basket is the most robust. In contrast, Ultra Low means the basket is weakest.
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How to use the StockBasket Basket Investing Platform?
Here is how you can get started with the StockBasket Basket Investing Platform:
- First, look for the StockBasket app on Google Play Store or Apple’s App Store.
- Once you come across the app, download and open it to complete the login process.
- You must open a SMACO account online by signing up and completing the paperless KYC for free within 5 minutes.
- Go to the app’s homepage to explore available Baskets. Select the ones that suit your financial goals.
- After choosing the basket, hit the ‘Invest’ button and enter the quantity you desire to buy.
- Lastly, confirm the order on the review page.
How to Download & Login to StockBasket App?
Take a look at the following steps to download and log into the StockBasket App:
- Open Play Store or App Store, whichever is available on your phone. Type StockBasket in the search box.
- Once you find the official app, tap the Install button. Once it’s 100% downloaded, you can see the app on your phone’s screen.
- By opening the application, the first page you will come across is the login page.
- Type in your mobile number, request an OTP, and continue with the next step.
- Now, open a SAMCO Account by completing the KYC process within five minutes.
- Connect your Demat account with the app.
- Voila! You are ready to use the application.
StockBasket Platform Charges
You will be surprised that StockBasket Platform Charges are 50% less than the charges levied by equity mutual funds.
In addition, the platform facilitates a unique offering, i.e., a 5-year fund guarantee. First, let’s understand the pricing model:
You will be happier knowing there are no charges to buy a basket or portfolio.
However, you can’t escape from paying a research subscription fee. The basket investing platform levies a nominal research subscription fee for all baskets you buy.
This fee is billed to the investor’s trading account every quarter. The plus point is the platform offers a 5-year fund guarantee to protect you from losing your subscription fee.
You can get your research subscription fee back if you fail to generate any return on your baskets within five years.
In addition, you might incur an exit fee only when selling your baskets before completing a five-year holding period. The platform charges flat brokerage fees.
Benefits of StockBasket Basket Investing App
Let’s have a look at the benefits of the StockBasket Basket Investing App:
- The application caters to every investor with a low or high investment budget. It facilitates Baskets ranging from Rs. 3,000 to Rs. 15,00,000.
- SEBI-registered, experienced investment professionals handpick the baskets. These baskets include 6-25 stocks across various themes, sectors, strategies, trends, etc.
- A disciplined SIP approach enables investors to periodically invest small amounts in the baskets on a monthly, quarterly, half-yearly, or yearly basis.
- This software’s most attractive USP is that it returns subscription fees. This option is available only if investors have earned no money on their investments for five years.
- Its proprietary engine evaluates over two crores of data points. This in-depth evaluation helps determine the quality of the stocks in the investors’ baskets and helps minimize the risk.
StockBasket Basket Investing Platform Review – Conclusion
StockBasket is exclusively designed for SMACO customers to make wealth creation accessible for all, regardless of their financial capacity.
This long-term investment platform dominates the market with its experienced research team, expertly curated baskets, and top-notch features.
This StockBasket Investing Platform Review outlines how interested investors can capitalize on SAMCO’s flagship platform to earn lucrative returns.
FAQs on StockBasket Basket Investing App
Here are various FAQs related to the Stock Basket Thematic Investment Platform.
How does StockBasket work?
StockBasket is a long-term basket investment platform that helps investors pick from professionally created readymade baskets that fit their investment needs.
These baskets comprise 6 to 25 good quality stocks varying with themes, industries, trends, investment philosophies, etc.
What are the Charges for using the StockBasket App?
To use the basket investing application, you might have to incur research subscription fees, brokerage charges, and exit fees.
How to use this platform?
You can use by downloading and logging into the dedicated app. The following steps involve exploring different baskets and investing in the ones that best fit your investment goals.
Is StockBasket Good for Investing?
Yes, this is the optimal basket investment option for all investors, regardless of their limited or high-end budget.
Moreover, a unique USP of this platform is that it returns your subscription fee if you don’t earn a return within five years.
Can I exit from a StockBasket anytime?
You can exit a StockBasket anytime. However, you must pay the exit fee if you exit without completing a 5-year holding period.
Is StockBasket Thematic Investment Trustworthy?
You can trust this thematic investment as SEBI-registered investment professionals track them.
Even a proprietary engine evaluates enormous data points to determine stocks’ quality and reduce your risk.
What is the minimum amount of investment in StockBasket?
You can start at roughly 3,000 INR. Thus, Rs. 3,000 is the minimum amount you need to invest in the baskets.