Samco Securities Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 03, 2023In this blog, we will cover Samco securities charges and an overview. Samco earns one of the positions of India’s one of the best leading retail broking houses.
We will discuss their end-to-end charges for equity derivatives, equity delivery, equity futures, currency futures, options, and commodities. So, let’s have a detailed review of Samco securities brokerage charges:
Samco Securities Brokerage Charges
This table gives you information about Samco securities brokerage charges:
| Brokerage Charges | |
| Equity Delivery | Rs 20/Transaction or 0.05% whichever is lower |
| Equity Intraday | Rs 20/Transaction or 0.05% whichever is lower |
| Equity Futures | Rs 20/Transaction or 0.05% whichever is lower |
| Equity Options | Rs 20/Transaction |
| Currency Futures | Rs 20/Transaction or 0.05% whichever is lower |
| Currency Options | Rs 20/Transaction |
| Commodity | Rs 20/Transaction or 0.05% whichever is lower |
You can ignore other metrics but can’t go wrong with brokerage charges when you are about to enter the Stock market. Especially if you are about to join Samco, make sure you have reviewed every essential metric before starting a trading journey.
These charges may impact your trading journey significantly. But luckily, the broker has kept its fees transparent and fixed for every instrument. In short, users never face any confusion in brokerage calculations.
Such as, on all assets, users need to pay a fixed Rs 20 per executed order or 0.05% (whichever is lower). However, in currency options, you may access more relief.
Want to know more about SAMCO and its operations, check out the SAMCO Review section.
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Samco Securities Account Opening Charges
Get detailed about Samco securities account opening charges:
| Account Opening Charges | |
| Trading Charges [One Time] | Rs 0 (Free) |
| Trading AMC [Yearly] | Rs 0 (Free) |
| Demat Charges [One Time] | Rs 0 (Free) |
| Demat AMC [Yearly] | Free 1st Year and 2nd Year 400 + GST |
| Margin Money | Not required |
Account opening charges are worthwhile to consider. But being a rookie investor, you are more likely to watch it first. So let’s give you a straight answer. Samco allows its users to open a Demat account for free. Users aren’t required to pay any small fee for account opening.
It is a free service offered by Samco. But the relief isn’t provided on other charges. Since Samco is a full-service trading platform, it charges users some fees against every service, as discussed above.
And what these charges are, apart from account opening fees next?
Also, check out SAMCO Brokerage Calculator to calculate and compare brokerage charges in detail.
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Samco Securities Transaction Charges
Find below all transaction charges levied by Samco:
| Transaction Charges | |
| Equity Delivery | NSE – Rs 3.45 per Lacs (0.00345%) BSE – For A Group and B Group Shares – Rs 1 per trade For other groups – Rs 3.45 per Lacs (0.00345%) For XC, XT, XD, Z and ZP – Rs 100 per Lacs (0.1%) *For R and P Group – Rs 1000 per Lacs (1.0%) |
| Equity Intraday | NSE – Rs 3.45 per Lacs (0.00345%) BSE – Rs 3.45 per Lacs (0.00345%) |
| Equity Futures | NSE – Rs 2 per Lacs (0.0020%) BSE – Rs 1 per trade |
| Equity Options | NSE – Rs 53/- per Lacs (0.053%) on Premium BSE – Rs 1 per trade |
| Currency Futures | NSE – Rs 0.90 per Lacs (0.0009%) |
| Currency Options | NSE – Rs 35 per Lacs (0.035%) on Premium Value |
| Commodity | MCX – Non Agri:- Rs 2.6 per Lacs (0.0026%) MCX – Agri:- Rs 1.75 per Lacs (0.00175%) NCDEX – A:- Rs 3.5 per Lacs (0.0035%) NCDEX – B:- Rs 1.25 per Lacs (0.00125%) |
Normally we don’t see transaction charges levied by a broker. But in the Samco case, we can see that the broker has levied transaction charges, and that’s fairly not a cool thing. Nevertheless, you can feel stress-free here as these charges are only imposed on transactions above Rs. 1 lacs. And that’s also pretty much less.
Thus, Samco does a great job here. If you are a beginner with limited capital to invest, don’t worry, Samco will not squeeze out your entire wealth. You can take a budgetary trade at Samco and let your portfolio actively generate returns around the clock.
Samco Securities Other Charges
Below is the list of various other charges levied by Samco securities:
| Segments | Charges |
| Reactivation Charges | No Charges |
| Account Closure Charges | No Charges |
| Dematerialisation Charges | Rs 10 + Rs 50 Courier charges |
| Pledge Creation | Rs. 60 per transaction |
| Pledge Invocation | Rs 60 (Including CDSL Charges) |
| Margin Pledge/Unpledge/ Pledge closure | Rs 30 (Including CDSL Charges) |
| Margin Repledge | Rs 60 (Including CDSL Charges) |
| RE-materialisation Request Charges | CDSL Charges at actuals plus Rs 50 per request towards postal charges |
| CM Charges | Equity Delivery: NIL Equity Intraday: NIL *Equity Futures: NSE – Rs 0.25 per Lacs (0.00025%) BSE – Rs 0.25 per Lacs (0.00025%) Physical Delivery – Rs 100 per Lacs (0.10%) Equity Options: NSE – Rs 7.5 per Lacs (0.0075%) on Premium BSE – Rs 7.5 per Lacs (0.0075%) on Premium Physical Delivery – Rs 100 per Lacs (0.10%) Currency Futures: NSE – Rs 0.25 per Lacs (0.00025%) Currency Options: NSE – Rs 7.5 per Lacs (0.0075%) on Premium Commodity: No Charges |
| Call and Trade charges | Rs 20 per executed order |
| Requests for Physical contract notes | Rs 20 per contract note plus applicable courier charges |
Other Charges
Transaction charges aren’t stressful as the broker has made a reasonable rule on them. Also, you can open a Demat account for free at Samco. But it’s worth checking out other charges that aren’t disclosed by the broker.
Such as the broker has some additional charges on calls and Trades and Dematerialisation Charges. Reactivation and Account Closure have no charges.
Being a savvy investor, you should also not ignore them. No matter whether you are benefiting from the respective service or not, you are still required to know them.
Simply put, if you want to close your account at any point time in the future, you must be aware of the Rs 35 charges that the broker deducts from your account for the account closure charges.
SAMCORegulatory & Government Charges
| Segments | Charges |
| SEBI Turnover Charges | Rs 0.10 per Lacs |
| STT | Equity Intraday: Rs 25 per Lacs (0.025%) on Sell side Equity Futures: 0.0125% on the sell side Equity Options:0.125% of the intrinsic value on options that are bought and exercised 0.0625% on sell side (on premium) Commodity Futures:0.002% or Rs 200 / crore on buy side0.003% or Rs 300 / crore on buy side Commodity Options: 0.05% on sell-side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell-side |
| Stamp Duty | Intraday: 0.003% or 300/crore on buy side Equity Futures: 0.002% or 200/crore on buy side Equity Options: 0.003% or 300/crore on buy side Currency F&O: 0.0001% or Rs 10 / crore on buy side 0.0001% or Rs 10 / crore on buy side Commodity Futures: 0.002% or Rs 200 / crore on buy side 0.003% or Rs 300 / crore on buy side Commodity Options: 0.002% |
| GST | 18% on Brokerage, Transaction, SEBI Charges & CM Charges |
GST and fees charged by SEBI must be noted. These government and regulatory charges aren’t necessarily to be revised again-n-again because these are compulsory on every trading platform.
However, one thing you can bear in mind is that check out whether a broker is charging a legit government or regulatory charges. Such as, GST standard rate on brokerage is 18%. Similarly, stamp duty and STT stay relevant for all.
There’s no way to skip these charges as they are levied by a government or regulatory body of a country.
SAMCO Brokerage Charges – Conclusion
It is inherently difficult to deal with brokerage charges. Nevertheless, you can expect some sort of relief if you are watching every relevant term and condition carefully.
Possible that a broker might be charging a commission on the transaction, but on the flip side, you may spot a petite advantage to built-in trading charges. Also, if account opening is free, you can enter the game without spending anything in excess. Just like Samco allows you to make a bid on your favourite asset.
SAMCO Brokerage Charges FAQs
Here is the list of FAQs related to the SAMCO brokerage charges:
Does SAMCO Charge Brokerage?
Yes, the brokerage is charged by this stockbroker as it is by other stockbrokers. However, this stockbroker charges a flat rate from all the segments, which makes trading a cheap affair for all of its clients. This is the perk a lot of traders look out for.
What are SAMCO Brokerage Charges?
Samco Brokerage charges could be a stumbling block in the journey, but only until you know them. In reality, the brokerage charges of Samco aren’t as big as they are supposed to be. The broker keeps it fixed at Rs 20 per executed order or 0.05% (whichever is lower) for every asset. So there must be no confusion.
What is the Intraday Brokerage of SAMCO?
Intraday Brokerage of Samco is Rs 20 per executed order or 0.05% (whichever is lower) for equity intraday orders. The broker charges a fixed commission on every single instrument the broker has.
What Other Charges were levied by SAMCO?
You have to note the multiple set of charges that you may have to incur if you place a trade order. It begins with a brokerage, and the next set of charges are transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges, account-related charges, and other petty charges.
Is SAMCO a discount broker?
Yes, this stock broking house is a discount broker, which provides all kinds of trading activities in the cheapest form. They charge a flat rate of charge for all the segments of I, which is a great perk when high-volume trades are undertaken.
Does SAMCO have Free Delivery?
No, users need to pay Rs 20 per executed order or 0.05% (whichever is lower) on the delivery order. Account opening is free of cost, but delivery orders invite some charges you must adhere to.
How much does SAMCO Charge for Options?
For options trade, Samco charges Rs 20 per executed order, whichever is lower. However, this excludes Transaction charges and CM charges that you pay separately to the broker.
What are SAMCO Transaction Charges?
Samco charges a transaction fee in a specific percentage. But that’s also for transactions made in value above lacs. If you are a small investor, you need not feel panic about these charges.
What is the Demat AMC in SAMCO?
AMC or account maintenance charge is provided once every year as charged by the stockbroker. SAMCO has levied a charge of Rs.400 per annum for the Demat account holder and has waived off the opening account charges entirely.
Is SAMCO Brokerage Free?
No, there is no segment where the stockbroking house has waived off the brokerage charges. Brokerage charges are taken for all the segments, and since they follow a flat-rate policy, the charge is not much of a concern and is the same for all the items.
What are the charges of Samco?
Samco is a full-service broker that charges a fixed commission against various trading instruments from clients. The broker’s income source also has built-in transaction charges and other charges.
Which financial products/instruments can I buy using SAMCO?
Users can invest in publicly traded companies, global currencies, exchange-traded funds, bonds, and non-convertible debentures. In addition, Equities, Commodities, Options, and futures everything is covered.
What does the Name SAMCO mean?
SAMCO is a short form for Semiconductor and Materials Company that was chosen by Mr Tsuji.
What are the SAMCO Brokerages?
Samco brokerages are fixed on multiple tradable instruments. Simply put, the broker charges Rs 20 per executed order or 0.05% (whichever is lower).
What are the “Call & Trade” Charges?
Call and Trade charges in Simco are Rs 20 per executed order.
What is an Executed Order?
Executed orders are the orders which have been placed by a trader/investor. In short, when a user BUY/SELL an asset on the trading platform, their execution will be known as an executed order.
What if I modify my order? Do I get charged for modification?
No, the broker will not charge you extra in case you want to modify your order. However, transaction charges or selling activities may invite charges here.
What is AMC for SAMCO?
AMC refers to account maintenance charges that are charged at the rate of Rs 400 p.a. from users in Samco. You will not be charged AMC if you are a beginner at Samco.
How much does SAMCO charge for futures?
On future trades, Samco Charges Fix Rs 20/Transaction or 0.05% whichever is lower.
How much does SAMCO charge for commodity and currency trading?
SAMCO charges Rs 20/Transaction or 0.05% whichever is lower for commodity and currency trading.
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