Charges at a glance
About Samco
Samco Securities is a Mumbai-based discount broker founded in 2015 by Jimeet Modi, registered as a member of the BSE, NSE, NCDEX and MCX, and as a depository participant with CDSL. It runs a capped flat-fee model, charging a maximum of ₹20 per executed order across equity, F&O, currency and commodity segments.
The platform is built around leverage-focused products such as CashPlus (subscription-based leverage for equity delivery) and StockPlus (margin against pledged shares), alongside its StockNote trading terminal, research tools and the StockBasket curated-portfolio product.
Platforms
Samco App
Flagship mobile app for trading, investing, mutual funds, IPOs and portfolio tracking.
StockNote
AI-assisted trading terminal (web & desktop) with the Giga Trading Engine for idea generation.
CashPlus & StockPlus
Subscription-based leverage on delivery trades, and margin against pledged demat holdings.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | Lower of ₹20 or 0.50%/order | Lower of ₹20 or 0.05%/order | Lower of ₹20 or 0.05%/order | Flat ₹20 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium) |
| Transaction charges | NSE 0.00307% / BSE ~0.00375% | NSE 0.00307% / BSE ~0.00375% | NSE 0.00183% / BSE 0% | NSE 0.03553% / BSE 0.005–0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
Currency
| Charge | Currency futures | Currency options |
|---|---|---|
| Brokerage | Lower of ₹20 or 0.05%/order | Flat ₹20 per executed order |
| STT/CTT | No STT | No STT |
| Transaction charges | NSE 0.00035% / BSE 0.00045% | NSE 0.0311% / BSE 0.001% |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.0001% (buy side) | 0.003% (on premium) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | Lower of ₹20 or 0.05%/order | Flat ₹20 per executed order |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NCDEX 0.0058% | MCX 0.0418% |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (on premium) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Mutual funds
- Direct mutual fund investments carry ₹0 commission; regular plans carry the fund's standard trail commission built into the NAV.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account (resident) | free |
| Minor account | free |
| NRI account | contact Samco for charges |
| HUF, Partnership & Corporate accounts (offline, physical form submission) | free (higher AMC applies) |
Demat AMC (Annual Maintenance Charge)
Free for the first year on all new accounts. From the second year, a flat rate applies regardless of holding value:
By year
| Period | AMC |
|---|---|
| First year | free |
| From second year onward | ₹400/year + GST |
Unlike some brokers, Samco doesn't waive AMC for small/BSDA-eligible holdings — the ₹400 + GST rate applies uniformly from year two, regardless of portfolio value.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- Capped brokerage — never more than ₹20 per order, across all segments
- Trade against pledged shares (StockPlus) without idle cash
- CashPlus offers up to 4x leverage on equity delivery for eligible stocks
- AMC waived for the first year on all new accounts
What to watch for
- No free equity delivery — ₹20 or 0.50% brokerage applies even on delivery trades
- Higher-than-average AMC (₹400/yr) and pledge/unpledge charges from year two
- NRI account support and branch access are limited compared to larger brokers
Read what customers say about Samco
Overall rating 3.0/5 based on 2 customer reviews — or share your own experience.