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SAMCO Securities

SAMCO Securities

SAMCO Securities is a Mumbai-based online stockbroker and the execution broker for the Indian Trading League.

SAMCO Securities is a Mumbai-based online stockbroker and the execution broker for the Indian Trading League. It offers retail broking solutions using a flat fee model at Rs. 20 per transaction on India’s leading Stock Exchanges (NSE, BSE, MSEI, MCX and NCDEX) across stocks, futures, options, currencies and commodities. 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.

History

SAMCO Ventures Private Limited was incorporated in March 2015. It acquired Samruddhi Stock Brokers Limited and re-branded it to SAMCO Securities. In the same year, it launched the Indian Trading League (ITL), India's only commodity and stocks investment and trading league. In February 2016, SAMCO Securities became the first discount broker in India to offer a margin funding facility with its "Cashplus" product.

Timeline

Patents

Further Resources

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News

Title
Author
Date
Publisher
Description
Chirag Madia
August 5, 2021
@bsindia
With this, Samco, an online discount stock broker, will be the 45th player in the Rs 33-trillion MF space
June 16, 2021
The Economic Times
The brokerage firm has launched 'KyaTrade app on mobile to provide actionable investment ideas for its clients and investors. The app allows investors to 'right swipe the investment idea they like and take action on it, while 'left swiping ideas they do not.
Sundar Sethuraman
July 31, 2020
@bsindia
The last time the indices posted bigger gains than this was in May 2009, following the re-election of the Manmohan Singh-led UPA government
Nikita Vashisht
March 20, 2020
@bsindia
Given the uncertainties in the market, analysts suggest incumbent investors should stay put in the stock, even as new investors may buy on further dip.
Invalid Date
NDTV.com
Sensex, Nifty week ahead: Twenty five stocks on the 50-scrip index rose for the week, and an equal number of shares moved lower. IDBI Capital's AK Prabhakar expects the 50-scrip Nifty benchmark to test the levels of 12,150-12,500 by Diwali 2019.

References

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