Samco Review – Charges, Trading Platforms, Demat Account, Offers & more

Know everything about Samco Review here. Samco has become a recognized name in India for the stockbroking industry by providing competitive pricing and a wide range of services.

Samco provides a large basket of investment options, a high-tech varied trading platform, and excellent after-sales services.

This Samco review will discuss the key features, with the main emphasis on its pricing structure and Samco charges.

Why Trade or Invest with Samco?

There are multiple reasons for having a Samco account.

• Samco provides one of the most advantageous brokerage prices for customers.
• They offer many services to customers; equities, derivatives, mutual funds, commodities, etc., are just a few.
• Through their StockBasket and Kyatrade platforms, they provide tips and ready-made portfolios to customers.
• They were awarded “Best equity broking house of the Year 2019” by CNBC Awaaz and the Chhattisgarh government.
• Caution Watchlist: They monitor the internet and other means through which unscrupulous market elements may manipulate some stocks. They provide a list of suspected stocks to be manipulated so their customers can avoid them.

Samco brokerage plan is very simple and beneficial for its customers. They offer the same brokerage plan for all customers.

Their brokerage charges are one of the lowest in India. For equity delivery trades, a brokerage of 0.5% is charged with a capping of Rs.20 per order.

For intraday and F&O trades, the brokerage is 0.05% again, with a capping of Rs. 20 per order.

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Calculate Brokerage Charges of Samco.

How to Open a Samco Demat Account?

Now let’s discuss the process of opening a Samco demat account:

• We have provided an account opening form below; fill in your details.
• You will be provided with an account opening link by a company representative.
• In this step, you will provide your mobile number and email and verify these by the OTP method.
• You have to then provide all the details that are being asked.
• You must now upload the scanned copy of the required documents.
• After rechecking the details and documents you have submitted, e-sign and submit the form.
• It will take around 24 hours for the account to be active.

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Next, in the Samco review, we will check the different types of platforms they provide to users. They provide Samco mobile apps for both Android and iOS platforms.

They also offer a Windows-based desktop trading application known as Nest Trader. The web-based trading platform is also available for users.

Kyatrade and StockBasket are the platforms for stock tips and ready-made portfolio recommendations. RankMF is the platform for mutual fund investment.

Now let us discuss some of the features of Samco app, tools, and platforms in detail:

NEST Trader

• This is the desktop platform of Samco.
• It is a very light application and compatible with Windows OS.
• This platform provides a customizable interface; you can alter many features conveniently.
• It allows you to assign keyboard shortcuts as per your requirement.
• Provides advanced real-time charts; you can also have multiple charts on the screen.
• You can also calibrate NEST for functioning in multiple-screen mode.

Samco App

Check out some important features provided by Samco App.

• This app can be installed on your Android or iOS device.
• They offer a personal index feature that allows you to create MyIndex based on your selected stocks and compare the performance with other benchmarks.
• You can also share and compare MyIndex and portfolio performance with other investors of Samco.
• They provide charts of TradingView and ChartIQ and have 100 plus technical indicators so you can do informed technical analysis.
• Samco also provides a stock rating for each stock so that you can choose good stocks. The rating is based on more than 50 parameters and ranges from 1 to 5.

Samco Rank MF

Rank MF is a well known mutual fund app by Samco, lets have a look at their features.

• You can invest in all mutual funds through this app, in SIP and lump sum.
• They offer you ready-made baskets of mutual funds based on expert research, and you can choose ones that fulfill your requirements.
• They offer SmartSIP, where your money is invested in equity and debt funds based on the market condition.
• SmartSwitch is another attractive feature; it is a free mutual fund portfolio evaluation tool that allows you to switch low-performing funds to high-performing ones.

Samco Stock Basket

Here are some amazing features of stock basket platform of Samco.

• This platform provides you with ready-made portfolios of stock chosen by experts.
• The stocks are chosen to keep risk as low as possible while having return potential.
• You can invest in baskets starting as low as Rs.3000.
• You also have the feature of StockBasket SIP.
• You get five years guarantee of positive returns, or the subscription fees will be returned.

Samco Kya Trade

• This is the platform for providing stock tips to the clients of Samco.
• You get tips for both investing as well as trading.
• They offer the feature of swipe and trade; you can swipe right if you want to trade any provided tip, swipe left to remove the idea, and swipe up to view the next.

Samco Star Backoffice

• This is the back office platform offered to the customers.
• It provides you access to various reports like valuation, P&L, capital gains, etc.
• You get a comprehensive valuation of your investments across stocks and mutual funds in one place.
• You can view your account ledger and do easy withdrawals and deposits of funds.

Let us discuss some of the benefits Samco offers to its customers:

• A different platform for the stock market and mutual funds and the facility to view the entire portfolio on a single screen in the back office.
• They offer expert-selected stocks and mutual funds baskets for customers, selected based on market research.
• They offer a free account opening facility to customers.

Samco SWOT Analysis

Please have a look at the Samco swot analysis below:

Strength

• Samco provides very competitive and attractive brokerage prices.
• They offer a huge pool of investment instruments, equity, F&O, commodity mutual funds, etc. are some they offer.
• Varied and technologically advanced platforms for customers, addressing various requirements of customers.
• Samco provides excellent after-sales services, and customer care is one of the best in this sector.
• They provide tips and ready-made stocks and mutual funds baskets based on research and expert analysis.

Weakness

• They have a very low offline performance through physical branch offices.
• Their brand awareness is relatively lower than major players in this sector.
• They do not offer any option of zero brokerage on delivery which many others offer.

Opportunity

• They have a technological edge over many competitors; they can use this to become one of the companies providing the best technical solutions.
• They can benefit greatly by expanding advisory services, like individual personalized advice, financial planning, etc.
• They can benefit a lot by improving their physical presence in India.

Threats

• This sector has seen the emergence of many new players in the last few years, thus increasing completion by a large margin.
• Regulatory changes by government or government agencies can greatly impact their business.
• Any disruption in their technology framework can have a devastating effect on their function.

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With a Samco trading account, you get ready-made portfolio recommendations for equity and mutual funds.

• Through the KyaTrade platform, you get tips for both long-term investments, as well as short-term trading.
• You will also get recommendations for baskets of stocks as well as mutual funds, which are ready-made portfolios based on research and expert advice.
• You also get daily market calls, recommendations, etc. You also get many more market insights like weekly outlook.

The Samco margin and leverage enable their customer to trade even when the fund is low or zero.

• For equity delivery, the margin is 1x.
• For equity intraday, you can have a margin of up to 5x.
• Equity F&O carryover trades can have a 1x margin.
• Equity F&O intraday has a margin of 1.3x
• Commodity and currency F&O can have a 1x margin.
• For commodity F&O intraday margin is 1.3x

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Let’s now discuss Samco customer care discuss:

• The number for customer care of Samco is 022-22227777 and 022-45030450.
• The email id for Samco customer care is [email protected]
• They also have active accounts on Twitter and Facebook and can be contacted on these social media.
• You can also contact customers from their website.

The Samco complaints are analyzed in this section of the article; let’s look at that:

• Totally thirty-three complaints were lodged.
• Out of these 28 complaints, or 84.85% were resolved
• Three complaints, or 9.09%, were reported to be non-actionable.
• In comparison to other similar companies, the performance is outstanding.

Samco Charges

Apart from brokerage, there are some other charges which brokerage firms charge. These include Samco account opening charges, additional charges, and Samco hidden charges:

• Account opening charges are Zero for customers.
• Account maintenance charges are Rs. 350 per year.
• The STT & CTT ranges from 0.01% to 0.1%, stamp duty ranges from 0.0001% to 0.015%, and exchange charges are 0.0009% to 0.05%.
• SEBI turnover charges are Rs. 10/crore, DP charges are Rs. 13.5 per scrip on sell order, and GST is 18%

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Samco Review – Conclusion

In conclusion, Samco Review offers attractive pricing, a wide range of investment products, and a hi-tech trading platform, making them an attractive choice for investors and traders.

Their brokerage prices are also extremely attractive; the rates are low, and they do not charge more than Rs.20 per trade.

The stock tips with a swipe to trade features and baskets of stocks and mutual funds provide beginners with well-researched options to start their trading and investment journey.

They have many opportunities for future growth, which they can benefit from, like enhancing technology, expanding advisory services, and adding physical presence.

FAQs on Samco

Here is the list of FAQs related to Samco Review:

Is Samco a Safe Broker?

Yes, they are registered with SEBI and follow the security guideline. They have also never faced any reports of data leaks or other problems.

Is Samco Good for Beginners?

Yes, it is perfect for beginners as they provide good tips and ready-made baskets that new investors can use to start their investment journey.

How many active clients does Samco have?

As per the latest data, Samco’s approximate number of clients is 71000 plus.

Who is the Founder of Samco?

Mr. Jimeet Modi is the founder and current CEO of Samco as on June 2023.

Does Samco provide Free Delivery Trading?

No, Samco does not offer an option of free delivery trades; customers pay brokerage and other charges on delivery trade.

What are Intraday Trading Charges for Samco?

For intraday trades, brokerage of 0.05% is levied with a ceiling of Rs. 20; in addition to that, other charges like STT, stamp duty, etc., are levied.

What are Samco F&O Charges?

For F&O trades of equity, commodity, and currency, a brokerage of 0.05% is taken from a customer with a ceiling of Rs.20.

Does Samco charge for Commodity Trading?

Yes, whether carried over or intraday trades, commodity trades attract the same charges of 0.05%, with a ceiling of Rs.20.

Does Samco charge for Currency Trading?

The carryover and intraday trade charges in the currency segment are the same as those for the commodity segment.

Does Samco provide research?

Yes, Samco offers daily calls for stocks and weekly market outlook. You also get ready-made portfolio recommendations.

How to contact Samco Customer Care?

You can easily contact Samco customer care; the details and various ways of contacting customer care are given in the article itself.

How much is AMC in Samco?

AMC or annual maintenance charges are levied annually from customers; the exact charges are Rs. 350 per year.

What are Account Opening Fees in Samco?

Samco does not charge any fixed fees from customers to open an account, i.e., the account opening fee is zero.

What are Pledge Creation Charges in Samco?

The charges for creating a pledge is levied per request; the actual charges are Rs. 30.

How much are Pledge Invocation Fees in Samco?

Just like pledge creation charges, pledge invocation charges are also levied on a per-request basis; these are Rs.25 per request.

Does Samco levy any Interest on Margin Trade Funding?

Yes, Samco charges interest per day for margin trade funding; the rate is 0.05% per day.

What are DP Charges for Samco?

DP charges are levied only on sell orders, not buy orders; the rate for Samco is Rs. 13.5 per scrip on sale.

Does Samco levy any Account Closure Fees?

You must make an account closure request with Samco; no extra charges are levied.

What are Account Reactivation Fees in Samco?

To reactivate the account, you have to pay all the dues you have on your account, usually AMC dues. No extra fees are there.

What are Call & Trade Charges in Samco?

Call and Trade charges are levied per trade basis; these are Rs. 20 per trade in Samco.