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SAMCO is a low-cost online discount broker with a simple pricing model that offers online trading and investment services across Equity, F&O, Commodity, Currency, IPO, mini portfolios, and Mutual Funds. The broker has a standard brokerage plan for all its customers. SAMCO also offers research and recommendations and margin against shares.
SAMCO is well-known for its ultra-low brokerage charges. SAMCO offers 100% brokerage cashback for the first month as a welcome bonus. The maximum brokerage charged by SAMCO is Rs 20 per order to trade across any segment. In addition to the brokerage, an investor also needs to pay various other transaction and regulatory charges, Demat charges over and above the brokerage.
SAMCO also has an online brokerage calculator that helps calculate the brokerage charges and other trading costs like STT, Stamp Duty, SEBI Turnover Fees, Exchange Transaction Charges, and GST. SAMCO brokerage calculator also helps to calculate the points to break even and compare SAMCO costs with a traditional broker.
SAMCO offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with SAMCO. SAMCO fee structure and trading commission rates are explained as below.
To open SAMCO account you have to pay account opening charges and annual maintenance charges (AMC).
| Transaction | Fee |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 0 (Free) |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Rs 0 (Free) |
| Demat Account Opening Charges (One Time) | Rs 0 (Free) |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 400 |
Customer pays a commission (brokerage) when buying or selling stocks through SAMCO. The brokerage charges for equity, commodities and currency derivative trading for SAMCO are explained as below.
| Segment | Brokerage Fee |
|---|---|
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 20 per trade or 0.20% (whichever is lower) |
| Equity Intraday | Rs 20 per trade or 0.02% (whichever is lower) |
| Equity Futures | Rs 20 per trade or 0.02% (whichever is lower) |
| Equity Options | Rs 20 per trade or 0.02% (whichever is lower) |
| Currency Futures | Rs 20 per trade or 0.02% (whichever is lower) |
| Currency Options | Rs 20 per trade or 0.02% (whichever is lower) |
| Commodity Futures | Rs 20 per trade or 0.02% (whichever is lower) |
| Commodity Options | Rs 20 per trade or 0.02% (whichever is lower) |
It is a limited-time offer. Open Instant Account online and start trading the same day.
The Demat account transactions are charged separately from the trading commission. Find SAMCO Demat account charges 2022.
|
ID |
Transaction |
Charges |
|---|---|---|
|
1 |
Demat Account Opening Charges |
Rs 0 |
|
2 |
Stamp Charges payable upfront (at actual) |
Rs 50 |
|
3 |
Annual Maintenance Charges (AMC): |
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a. Individuals |
Rs 400 Per Year + GST (Payable upfront every year) |
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b. Corporates |
Rs 800 + GST (Payable upfront every year) |
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4 |
Transaction Charges per ISIN (Market Trades): |
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a. Buy (Receive) |
Rs 0 |
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b. Sell (Debit) |
Rs 10 (including CDSL Fee) |
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5 |
Inter Depository Transfer (Off-Market Trades): |
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a. Buy (Receive) |
NIL |
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b. Sell(Debit) |
0.02% or Rs 25 whichever is higher (including CDSL Fee) |
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6 |
Demat (Per certificate) |
Rs 10 + Rs 50 Courier charges |
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7 |
Remat (Per ISIN) |
CDSL Charges + Rs 50 Courier charges |
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8 |
Courier charges per Demat/ Remat request |
Rs 50 |
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9 |
Pledge per ISIN |
Rs 60 (Including CDSL Charges) |
|
10 |
Unpledge per ISIN |
Rs 60 (Including CDSL Charges) |
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11 |
Pledge Invocation per ISIN |
Rs 60 (Including CDSL Charges) |
A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .
| Segment | Transaction Fee |
|---|---|
| Equity Delivery | NSE Rs 345 per crore (0.00345%) | BSE Rs 345 per crore (0.00345%) |
| Equity Intraday | NSE Rs 345 per crore (0.00345%) | BSE Rs 345 per crore (0.00345%) |
| Equity Futures | NSE Rs 200 per crore (0.0020%) | BSE Rs 1 per trade |
| Equity Options | NSE Rs 5,300 per crore (0.053%) on Premium | BSE Rs 1 per trade |
| Currency Futures | NSE - Rs 110 per crore (0.0011%) |
| Currency Options | NSE Rs 4,000 per crore (0.040%) on Premium Value |
| Commodity | Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore |
SAMCO charges government taxes and fees in addition to the brokerage. These SAMCO trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the SAMCO tax calculation.
| Tax SAMCO | Rates |
|---|---|
| |
Exchange Transaction Charges | |
GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
SEBI Charges | 0.0001% (₹10/Crore) |
Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
It is a limited-time offer. Open Instant Account online and start trading the same day.
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Information on this page was last updated on Wednesday, October 20, 2021
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