Samco Securities Charges – Find Brokerage Charges, Account Opening Charges and more
In this blog, we are going to cover Samco securities charges and overview. Samco earns one of the position of India’s one of the best leading retail broking houses.
Here we will discuss about their end to end charges for equity derivatives, equity delivery, equity futures, currency futures, options and commodity. 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:
|Equity Delivery||Rs. 20 per executed order|
|Equity Intraday||Rs. 20 per executed order|
|Equity Futures||Rs. 20 per executed order|
|Equity Options||Rs. 20 per executed order|
|Currency Futures||Rs. 20 per executed order|
|Currency Options||Rs. 20 per executed order|
|Flat Monthly Fees, if any||NA|
As we can see from the above mentioned table that provides flat brokerage of Rs. 20 per executed order follows for equity delivery, equity intraday, equity futures, equity options, and currency futures.
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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||75% Margin|
There will be no trading account opening charges, annual maintenance charges and demat account opening charges for the clients who wants to trade with Samco. All they need is to pay Rs. 400 as a demat account maintenance charges respectively.
At samco, the clients can start work with 75% Margin margin money.
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Samco Securities Transaction Charges
Find below all transaction charges levied by the Samco:
|Equity Delivery||NSE Rs 225 per crore | BSE Rs 1 per trade (each side)|
|Equity Intraday||NSE Rs 225 per crore | BSE Rs 1 per trade (each side)|
|Equity Futures||NSE Rs 190 per crore | BSE Rs 1 per trade (each side)|
|Equity Options||NSE Rs 5000 per crore | BSE Rs 1 per trade (each side)|
|Currency Futures||NSE Rs 110 per crore (0.0011%)|
|Currency Options||NSE Rs 4000 (on premium) per crore (0.040%)|
|Commodity||Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore|
- The equity deliver, equity intraday transaction charges for NSE 0.00225% and for BSE Rs. 1 per trade respectively.
- The equity futures transaction charges for NSE 0.00190% and for BSE Rs. 1 per trade respectively.
- Equity option transaction charges for NSE 0.0500% and for BSE Rs. 1 per trade respectively.
- The currency futures transaction charges for NSE 0.0011%.
- The currency options transaction charges for NSE 0.040%.
- The commodity transaction charges for Non- Agri 0.0026% and for Agri: 0.00175% respectively.
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Samco Securities Other Charges
Below is the list of various other charges levied by Samco securities:
|SEBI Turnover Charges||0.00005% (Rs.5/Crore)|
|STT||Equity Delivery: 0.1% on both Buy and Sell|
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
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||(On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)|
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Margin Funding Charges||18%|
|Reactivation Charges||Rs 50 per instruction|
|Account Closure Charges||Rs 35 per instruction|
|Dematerialisation Charges||Rs 10 + Rs 50 Courier charges|
|Pledge Creation||Rs 60 (Including CDSL Charges)|
|Pledge Invocation||Rs 60 (Including CDSL Charges)|
|Margin Pledge/Unpledge/ Pledge closure||Rs 60 (Including CDSL Charges)|
|Margin Repledge||Rs 60 (Including CDSL Charges)|
Samco securities charges 0.00005% of total turnover as SEBI turnover charges, STT is 0.0126% of total turnover. The stamp duty charges lies between 0.002%- 0.004% and its varies state to state.
The GST is 18% of ( brokerage + transaction charges) and it levied by the government. The broking house charges 18%+ GST as a margin funding charges.
The account closure charges are zero and clients can reactivate their account by paying Rs. 75 per segment. The dematerialisation charges are Rs. 28.
SAMCO Brokerage Charges FAQs
Ques – Does SAMCO Charge Brokerage?
Answer – Yes, brokerage is charged by this stock broker as it is by other stock brokers. However, this stock broker 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.
Ques – What is SAMCO Brokerage Charges?
Answer – Being a discount broker, this stock broking house charges the same rate for all the segments. they follow a flat rate charge patterns, which is common for discount brokers. They take Rs. 20 per executed order irrespective of the segment you trade in.
Ques – What is Intraday Brokerage of SAMCO?
Answer – Investing in the intraday segment attracts a charge as well. As per the brokerage structure of the stock broker, the intraday traders have to pay the brokerage charge of Rs. 20 per executed order. This is similar to the other segment investment.
Ques – What other Charges levied by SAMCO?
Answer – You have to note the multiple set of charges that you may have to incur, if you place a trade order. It begins with brokerage and they next set of charges are transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges, account related charges and other petty charges.
Ques – Is SAMCO a discount broker?
Answer – Yes, this stock broking house is a discount broker, which provides all kind of trading activities in the cheapest form. They charge a flat rate of charge for all the segments of investment, which is a great perk when high volume trades are undertaken.
Ques – Does SAMCO have Free Delivery?
Answer – No, there is no such provision as free delivery for Delivery trading. The same flat rate charge is levied on all the segment, which includes equity Delivery. So, this segment charge is Rs. 20 per executed order precisely, which must be paid accordingly.
Ques – How much SAMCO Charge for Options?
Answer – Alike any other segment, this segment well has a designated charge of Rs. 20 per executed order. For every trade done in either equity options or in currency options, you have to pay the charge of Rs. 20 per executed order.
Ques – What are SAMCO Transaction Charges?
Answer – Here is how the transaction charges vary – NSE: 0.00225% and for BSE Rs. 1 per trade (each side) for delivery and intraday, NSE 0.00190% and for BSE Rs. 1 per trade (each side) for futures, NSE:0.0500% and for BSE Rs. 1 per trade (each side) for options, NSE: 0.0011% for currency Futures, NSE: 0.040% for currency options and Non-Agri: 0.0026% and for Agri : 0.00175% for commodity.
Ques – What is the Demat AMC in SAMCO?
Answer – AMC or account maintenance charge is provided once every year as charged by the stock broker. SAMCO has levied a charge of Rs.400 per annum for the demaat account holder, and has waived off the account opening charges entirely.
Ques – Is SAMCO Brokerage Free?
Answer – No, there is no segment where the stock broking 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 same for all the items.
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