SAMCO Securities

Samco Securities Ltd
Industry	Financial services
Headquarters	Mumbai, Maharashtra, India
Products	StockNote; Rank MF; CashPlus; Option Fair Value Calculator; Risk Advisor; Data Bank; Stock Ratings
Services	Stockbroker; Electronic trading platform
Website	www.samco.in

SAMCO Securities is a Mumbai-based online stockbroker and the execution broker for the Indian Trading League.[1] It offers retail broking solutions using a flat fee model at Rs. 20 per transaction[2] on India’s leading Stock Exchanges (NSE, BSE, MSEI, MCX and NCDEX) across stocks, futures, options, currencies and commodities.[3] Commodity transactions are routed through SAMCO Commodities Ltd, a wholly owned subsidiary. The Company has set up a service center in Ahmedabad City of Gujarat.[4]

History

SAMCO Ventures Private Limited was incorporated in March 2015.[5] It acquired Samruddhi Stock Brokers Limited and re-branded it to SAMCO Securities. In the same year, it launched the Indian Trading League (ITL[6]), India's only commodity and stocks investment and trading league.[7]

In February 2016, SAMCO Securities became the first discount broker in India to offer a margin funding facility with its "Cashplus" product.[8]

Products

Samco has launched products for Stock Trading and Mutual Funds

StockNote: StockNote is a stock trading app enabling traders and investors to buy and sell securities[9]
RankMF: RankMF is a mutual fund ranking & investment platform letting investors to buy and sell mutual funds easily[10]

References

"About Samco -". SAMCO Securities.
"Discount broking model". The Hindu. 25 August 2015. ISSN 0971-751X.
India, Press Trust of. "Samco Securities sees biz turnover of Rs 10,000cr/day in 3yrs". Retrieved 24 May 2016.
Reporter, B. S. (1 July 2015). "Discount brokerage firm Samco sets eyes on Gujarat market".
"About Samco". www.samco.in. SAMCO Securities.
"SAMCO launches Indian Trading League". Times of India. 7 May 2015. Retrieved 7 May 2015.
"SAMCO Securities Limited: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 12 April 2016.
"Discount broker SAMCO forays into margin funding". The Hindu Business Line. Retrieved 18 February 2016.
Srivats, K. R. "SAMCO Securities launches giga trading app 'StockNote'". @businessline. Retrieved 29 January 2019.
"Samco Securities launches automated mutual fund R&D, distribution platform". The Financial Express. 29 November 2018. Retrieved 29 January 2019.

External links

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[1] "About Samco -". SAMCO Securities.

[2] "Discount broking model". The Hindu. 25 August 2015. ISSN 0971-751X.

[3] India, Press Trust of. "Samco Securities sees biz turnover of Rs 10,000cr/day in 3yrs". Retrieved 24 May 2016.

[4] Reporter, B. S. (1 July 2015). "Discount brokerage firm Samco sets eyes on Gujarat market".

[5] "About Samco". www.samco.in. SAMCO Securities.

[6] "SAMCO launches Indian Trading League". Times of India. 7 May 2015. Retrieved 7 May 2015.

[7] "SAMCO Securities Limited: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 12 April 2016.

[8] "Discount broker SAMCO forays into margin funding". The Hindu Business Line. Retrieved 18 February 2016.

[9] Srivats, K. R. "SAMCO Securities launches giga trading app 'StockNote'". @businessline. Retrieved 29 January 2019.

[10] "Samco Securities launches automated mutual fund R&D, distribution platform". The Financial Express. 29 November 2018. Retrieved 29 January 2019.