CMP: Rs. 1,731.95

Recommendation: Buy

Investment Horizon: 1 to 3 Years        

Urmi Shah – Research Analyst

Date – 31.01.2023

Outlook and view

Power Finance Corporation is a Non-Banking Financial Institution (NBFC), which provides financial assistance to Power companies. The company has performed well in the past, with growth across all metrics delivering healthy returns for its shareholders. The strong emphasis on Make in India has opened many doors for foreign companies to set up manufacturing in India. This will enhance the power requirement. The current boom in the capital expenditure cycle and indigenization will further enhance the growth prospects for the company. Also, the business intends to expand its presence in the renewable segment as well which gaining traction.

Strengths

Focus on the financing of renewable energy projects – In FY2021-22, 15% of their gross loan assets comprised renewable energy. This figure is expected to increase in the future. During the year, there was a 1.5 times increase in their EC bond portfolio, which stood at Rs. 3999 crores (as of 31.03.2022).

Robust financials – PFC has delivered healthy growth over the past few years. It has grown its revenues by 23% and 12% CAGR in the last 5 and 3 years. The net profit has compounded at 44% and 12% CAGR in the past 5 and 3 years, respectively. It clocked a return on equity of 19% in the past 3 years. 

Macro-economic Tailwinds – Central government schemes like UDAY (Ujwal DISCOM Assurance Yojana), the financial turnaround and revival package for distribution companies in India, have met with limited success. Strong demand outlook as the energy demand is expected to increase. The company intends to align its business operations to leverage emerging opportunities in Ē-mobility and increased thrust in the transmission and distribution (T&D) space.

Revised norms by the government – The Revamped Distribution Sector Scheme (RDSS) is a reform-based and results-linked scheme, which plans to reduce AT&C losses to 12-15% by FY 2024-25 and reduce the ACS-ARR gap to zero through financial support to Discoms for upgradation of the Distribution Infrastructure and Prepaid Smart Metering & System Metering. PFC (along with its subsidiary REC) are the designated nodal agency for the operationalisation of this scheme. Under RDSS scheme an outlay of Rs. 3,03,758 crores and a Government grant of Rs. 97,631 crores is planned of which REC and PFC are the primary beneficiaries.

Consistent Decline in the non-performing assets – PFC’s standalone Gross NPA and Net NPA have consistently slid down in the past 3.5 years. From GNPA of 9.4% in FY19 to 4.75% in H1FY23. The NNPA has fallen as low as 1.31% for the first half of FY23 from 4.55% in FY19.

Risks

Risk of default – The Company runs a risk of default especially given the company concentrates on giving loans to the power sector. Any lag in the development projects or issues with permissions etc. can lead to default of payments by the borrowers.

High customer concentration – There are few players in the sector. PFC being a product concentration company, will loan funds to these concentrated number. This increases the risk as the money is limited to few hands and poses as a risk for PFC.

Valuations

Recently, the company’s stock price has witnessed a strong rally. Despite that the company seems to have more headroom to grow. It currently trades at a Price to Book of 0.52, at par with its median P/B of 0.5x. With the reforms now taking shape, the company is in an attractive phase ready for growth.

About the Company

Incorporated in 1986, Power Finance Corporation Ltd. is a Schedule-A Maharatna Central Public Sector Enterprises (CPSE) and is a leading Non-Banking Financial Company (NBFC) in the country. Their portfolio includes financial products and services such as rupee term loans, short-term loans, equipment lease financing, transitional financing services, etc. for various power projects in the generation, transmission, and distribution sectors. The clients mainly include central power utilities, state power utilities, private power sector utilities (including independent power producers), joint sector power utilities and power equipment manufacturers.

Financial Overview

Story in Charts

Starting with the GNPA% and NNPA%, the company has seen a decline in the same.

Loan Assets mainly comprise of financing to public sector as of March 2022.

The Loan Asset Mix comprises of four segments as shown below

Having a look at cost of funds, it is consistently declining over the past years.

Other Details

Shareholding Pattern as of 30th September 2022

Price Performance Vs Nifty50

The post Samco’s Picks of the Month – March 2023 first appeared on Support | Samco.

CMP: ₹584.45 

Recommendation: Buy

Investment Horizon: 3 years

Veer Trivedi – Research Analyst

Date – December 01, 2022.

Outlook and view

Life Insurance is a high growth business which is fairly underpenetrated and has a high protection gap. The top four player constitute around 85% of the New Business premium (NBP) of the industry. Thus, as the sector will grow the big players involved are bound to grow too. HDFC Life is one of the major players in this segment. To win at this industry there are essentially two major criteria which are required. A diversified product mix with a focus on protection business and a strong distribution channel backed by a strong bank. HDFC Life fulfills both the criteria effectively. A strong product mix, solid cost efficiency measures and the support from the regulator will ensure a good performance going forward. The stock has witnessed underperformance in recent period. This correction had made the stock available at an attractive price.

Key Positives

Diversified product Mix: HDFC Life has a balanced product mix versus peers. Non-par savings has a share of 31% to its total APE, whereas the Participating share stands at 26% and protection at a healthy 16%. HDFC life had a first mover advantage in the protection business and thus have been able to generate a good market share in this segment.

Strong distribution network: The company has a well-diversified distribution network. The key to winning the market share in Life Insurance is to have a strong Bancassurance presence. Over the years the share of Bancassurance in HDFC Life has grown at a good rate. In FY18 the Banks formed a 47% share in its distribution mix vs 55% in FY22.

Exide merger complimentary for HDFC Life: The acquisition will add 35% to the company’s existing agent base. Further, Exide Life has a significant presence in tier 2-3 cities and down south. This will aid the company to push the growth peddle.

Other metrics robust: In the latest quarter the company generated a strong Return on EV at 19%. The Life Insurer’s persistency ratio stood at 87.1% which improved 120 bps year-on-year. The company’s AUM grew by 17.6% YoY, whereas the total APE witnessed growth of 18.1% YoY.

Key Risks

Stress in HDFC Bank distribution: The growth in the HDFC Bank channel which contributes around 48% of its premium has slowed down. However, post the merger of HDFC Ltd and HDFC Bank, HDFC Life will become the subsidiary of the HDFC Bank and thus there would be alignment with the goals of HDFC Bank and HDFC Life.

Subdued Premium Growth: In the current half year period i.e., H1 FY23 HDFC Life has grown at a slower pace than its peers. The company has also witnessed weakness in its Individual protection segment.

About the company

HDFC Life is a leading Life Insurance provider in India. The company offers Individual and group products for the savings and protection requirements of the customers. The company as of H1 FY23 has a total AUM of INR 2,249 billion. HDFC Life is a joint venture between HDFC Ltd and Standard Life Aberdeen. HDFC Life has a wide distribution network which comprises of individual agents, bancassurance partners, third-party agents etc.

Financials Snapshot

Key Metrics:

Story In charts:

The post Samco’s Picks of the Month – December 2022 first appeared on Support | Samco.

The easiest way to invest in stocks periodically and create wealth in the long term is by the means of the Stock SIP feature available on the Samco Star Backoffice. It helps you make the best of the unpredictable market by adopting a disciplined investment strategy.

Follow the steps given below to start a StockSIP via Samco Star Backoffice.

Step 1: Log in to Samco Star Backoffice using your Backoffice login credentials. If you are logging in for the first time the password will be your PAN in caps.

Step 2: Now select STOCKSIP option in the menu.

Step 3: Search for the stock that you wish to do a SIP in. Let’s take IEX for instance and click on the Setup SIP. 

Step 4: Enter the number of the shares you want to invest in, select a start date for your monthly SIP, then click on Setup & Add to basket.

Step 5: Now you will see a pop-up with all of the SIPs you want to invest in then click on Setup SIP to proceed with the transaction.

Step 6: Validate your SIP transaction with an OTP confirmation and then click on the Proceed button.

Step 7: Congratulations! Your SIP order is placed successfully.

You can even start your Stock SIP journey via using StockNote App and refer this link to know How to apply for StockSIP via StockNote .

Special Support 

Book a special appointment with our expert team and get support to start your first stock SIP. Choose a time and date that is most convenient to you and receive a callback from our experts at the stipulated time. 

Click on the“Book Appointment Now” button and choose “Understanding Stock SIP – Special Support”. 

Choose your preferred date and time to get a complete demo of the Stock SIP feature. Fill in & confirm your client details on the appointment page and click on “Confirm”.

In case you are facing trouble fixing an appointment, send us an mail at support@samco.in

The post How to place STOCK SIP via Star Backoffice? first appeared on Support | Samco.

CMP: ₹3193.05 

Recommendation: Buy

Investment Horizon: 3 years

Urmi Shah – Research Analyst

Date – 31.10.2022

Outlook and view

The IT sector has been a winner over the long term and after being the heroes of the post-pandemic era the sector has given a healthy correction over the past couple of months making the earnings multiple decent for an entry. Amongst them, Tata Consultancy Services (TCS) is an attractive bet right now.

TCS’ superior execution metrics, full stack portfolio (better deal count across verticals) and industry drivers (uptick in E&U and Travel & Hospitality sub-verticals) will support growth.

An improvement in utilization, operation and realization, moderation in subcontract expenses, and a decline in attrition are key factors which will aid margin expansion in the short term.

Key Positives

Strong order book – Total Contract Value (TCV) stood at US$ 8.1 billion in Q2FY23. The average order book size which used to be in the US$ 6-7 billion range in FY 2021 moved to the US$7-8 billion range in FY 2022. The company ended with an all-time high order book of US$11.3 billion in Q4FY22.  The core order book size excluding any occasional mega deal expands each year. The quality of revenue keeps rising with higher value engagements for sustained longer-term growth.

Robust financials – 5-year revenue and profit CAGR are 10% and 8% respectively. It has a RoCE of 54.9% and a RoE of 43.6%. Operating margins stood at 26.6%, the highest among the pack.

Growth in all verticals – Segment-wise growth was led by Retail and CPG (22.9%), Communications & Media (+18.7%), Manufacturing vertical (+14.5%) and Technology & Services (+15.9), BFSI grew +13.1% while Life Sciences and Healthcare grew +14.5% in Q2FY23. This indicates strong growth across business segments despite the turbulence felt by the economy.

Demand environment – Demand continues to be robust with increased spending on cloud adoption and transforming the operating system. Despite the global slowdown, tech expenses seem to be barely affected as companies realize the importance of digitalization.

Attrition peaking – the past few quarters were witnessing a hustle in the IT sector. The attrition rates peaked and led to employee cost increases to retain talent. TCS management has pointed out that the attrition rate has started to normalize which will ease the margins in the coming months.

Leadership position – Growth will be supported by TCS’ superior execution metrics, rich order portfolio (better contracts across verticals), and market drivers (increase in the E&U and Travel & Hospitality sub-verticals). TCS has a leadership position across all its verticals globally. The company will rebound higher post the easing of current tailwinds.

Key Risks

Macro headwinds – right now the company has not been facing any issues with orders but clients are being wary about longer-term projects. The recessionary environment and impacted businesses might compel customers to reduce their costs impacting the order inflow.

Cross-currency headwinds – Since January 2022, the rupee has dropped nearly 11% of its value. Even though 50 percent of TCS’s revenue is in dollars, the company also deals in other currencies. This means that cross-currency headwinds reduce the benefits of a stronger dollar.

Valuations

Cost optimization and a resilient demand environment will drive up margins. It currently trades at a PE of 28.8x much lower than its 1-year average PE of 34x. It even trades below its 3-year average PE of 32.5x making it the right time to invest in TCS.

About the company

TCS is an IT services, consulting and business solutions organization partnering with many of the world’s largest businesses in their transformational journeys for the last 54 years. It has a global presence, deep domain expertise in multiple industry verticals and a complete portfolio of offerings – grouped under consulting and service integration, application services, digital transformation services, cloud services, engineering services, cognitive business operations, and products and platforms – targeting every C-suite stakeholder.

The company leverages all these and its deep contextual knowledge of its customers’ businesses to craft unique, high-quality, high-impact solutions designed to deliver differentiated business outcomes. TCS’s geographic footprint covers North America, Latin America, the United Kingdom, Continental Europe, Asia-Pacific, India, Middle-East and Africa.

Financial snapshot:

Story in charts:

Attrition Rate Trend    

(Source: Company)

Segmental Performance

 The revenue break-up by Industry Vertical and Geography as of FY22 is provided below:

Geographical Segmentation

(Source: Company)

Industry Vertical

(Source: Company)

Other Details

Shareholding Pattern as of 30th September 2022

Price Performance Vs Nifty50

The post Samco’s Picks of the Month – November 2022 first appeared on Support | Samco.

CMP: 642.15

Recommendation: Buy

Investment Horizon: 3 years

Parul Sharma – Research Analyst

Date – 30.09.2022

Outlook and view

With a cash-rich balance sheet, healthy revenue visibility, and robust financial discipline, PSP Project’s growth prospects remain positive for the future. The company has strong execution capability, thanks to its solid operational record of over a decade. Currently, the construction major has improved its eligibility for higher-ticket size projects and is witnessing significant traction for the pre-cast facility as well. The scope of geographical diversification and continuous order wins along with a growing client base will increase the revenue visibility in the long run.

The firm has a price-to-earnings (P/E) ratio of 13.9x, which is lower than its all-time median P/E ratio of 17.9x.

Key Positives

Robust Order Book & Healthy Pipeline:

 As on June 30, 2022,PSP’s order book stands highest ever at Rs 4,613 crore, with 2.6x FY22 revenue. Moreover, it has guided for an incremental order inflow of Rs 2,500 crore in FY23, out of which Rs 1,802 crore of projects is secured till date. Going forward, it has a bid pipeline of approximately Rs 4,000 crore of which 41% is from private projects and around 51% from the state of Gujarat. The business also sees a bigger opportunity pie in the pre-cast facility, with revenue creation in the range of Rs 500-1,000 crore expected moving forward. With healthy order wins, the company has an edge in boosting its revenue visibility in the near term.

Surat Diamond Bourse (SDB): 

Upon successful completion of the SDB project, PSP becomes eligible to bid for larger value projects with a ticket size of Rs 2,000-2,500 crore. This will increase the new avenues for the company with huge potential in the market.

Healthy Financials: 

Over the past 5 years, the company has delivered impressive revenue and profit growth CAGR of 34% and 31% respectively. It has also handsomely rewarded its shareholders as it has maintained an average ROE of 26% and ROCE of 35% during the same period. The firm has stable margins in the range of 11-15%. Despite being working capital intensive, the company stood at a prudent working capital cycle of 28 days in FY22, as well as a comfortable leverage position.

Consistent Buying of Promoters:

The ownership of promoters has increased over the previous 4 quarters. In fact, they grew their holdings by 2.1% in June’22, thereby reaching 70.39%.

Additionally, during the Sep’22 quarter, promoters have also increased their stake via open market purchases. To give you a gist, the total number of equity shares acquired was 25,000, worth Rs 14,019,783 crores.

Open Market Purchases of Promoters during Sept’22 quarter

Key Risks

Limited Geographical Diversification in order book:

Out of the total order book as on June 30, 2022, 43% of the orders were from Gujarat, 41% from Uttar Pradesh, 16% from Maharashtra, and the remaining from Karnataka and Rajasthan. This places the firm at geographical concentration risk.  However, it is gradually expanded its footprint to establish a pan-India presence.

High Competitive Intensity:

PSP Projects operates in the construction industry, which is dominated by mid and large-sized firms. In addition, competitive intensity for bidding on the projects is high. Nonetheless, the company’s core competencies lie in its proven track record in delivering on-time and quality projects across diverse industry segments and projects.

Inflationary Pressure on Input Costs:

A spike in key raw materials, particularly led by construction materials increases the costs for the company. PSP Projects’ ability for cost optimization programs and timely price increases will be the key monitorable in the future.

About the company

Having embarked on its journey in 2008, today PSP Projects extend a differentiated assortment of construction and allied services across diversified industry segments including Industrial, Institutional, Commercial and Residential, Hotels and Hospitality, Hospitals and high-profile Government projects. The company works with more than 100 private and public clients across the country, with the repertoire of being one of India’s top EPC companies.

Financial snapshot:

Key metrics:

Story in charts:

Business Robustness in Numbers

Strong Order Book and Growing Pre-Qualification Credentials:

PSP transformed from a construction vendor to an EPC and turnkey personality

ROCE (construction activity, %)

Comfortable Debt Position

Shareholding pattern as of June 31, 2022:

Price performance V/S NIFTY50

The post Samco’s Picks of the Month – October 2022 first appeared on Support | Samco.

One of the most-awaited festivals, Ganesh Chaturthi has arrived. The celebrations has started all around the India. This Ganesh Chaturthi we want all our valued partners celebrate these 15 days with high energy and gift something exclusive to their clients, also at the same point of time earn some handsome cash incentive.

Keeping this in mind here we are with the Ganesh Chaturthi Festive Offer:

Benefits for you:

• Refer and onboard your clients to earn ₹300* on each activated account.
• Additionally earn up to 50% commission from your clients’ brokerage and subscription-based products offered by Samco. 

Benefits for your clients:

• 100% brokerage cashback for the first month
• Access to sophisticated platforms to trade & invest.
• Access to Stock, Mutual funds & StockBasket recommendations from the Samco research experts every month.

How does it work?

• Refer and onboard clients to Samco
• Introduce them to the Samco Ecosystem which includes StockNote, StockBasket, KyaTrade & RankMF.
• Encourage them to trade on the StockNote platform and enjoy your incentive.

It’s a great time to become a Samco Partner!

So, start onboarding clients today and start earning your cash incentive!

Onboard Clients Now

And if you haven’t completed your Samco partner registration, there is no better time than now to do so. Grab this offer by signing up to be a Samco Partner now. Become a Samco Partner Now → 

Terms & Conditions:

1. Clients referred and onboarded between 31st Aug 2022 to 15th Sept 2022 will be eligible for incentives calculation.
2. By activated account we mean your referred client should at least place a trade on the StockNote app.
3. To get activated clients can place order till 20th Sept 2022 for incentive calculation.
4. Incentives payout shall be processed with Oct’2022 month payout.

The post Samco Partners Ganesh Chaturthi Incentive Offer first appeared on Support | Samco.

CMP: Rs. 924.25

Recommendation: Buy

Investment Horizon: 3 years

Parul Sharma – Research Analyst

Date – 29.08.2022

Outlook and view

Godrej Consumer Products Limited (GCPL) is a part of the over 125-year-young Godrej Group. Its portfolio and heritage are in democratization, and this is what its strategy is based on- making amazing quality products available at accessible price points.

The geographic reach of GCPL includes some of the world’s largest and fastest-growing emerging economies. However, its top categories in these countries, such as Household Insecticides, Air Care, and Hair Colour, are underdeveloped, leaving space for growth. The firm sees this as a huge opportunity for value creation by applying winning strategies for category development. As category leaders, the strategy is to accelerate innovation-led growth and seek innovative methods to disrupt its categories.

New strategic pillars and philosophy adopted by the New MD & CEO, Mr. Sudhir Sitapati is expected to address the current issues and impact the company positively. The number one priority is to bring the volume growth back. GCPL will also focus on household insecticides and the growth of its Indonesia business, while profitability and governance will be targeted in Africa.

As the company’s renewed strategy takes center stage, it is likely to experience a turnaround in its domestic and international business, as well as an improvement in financials.

Key Positives

Leadership in Core Categories and Geographies: GCPL’s brandsenjoy a market-leading position in Indian and International business in categories like Hair Care, Home Care, Personal Care, and Household Insecticides. Brands like ‘Good Knight’, ‘Godrej Expert’, ‘HIT’, ‘Darling’, ‘Saniter’, etc. have strengthened their position across key markets and geographies with a leading presence in Asia, Africa & Latin America.

Given its market leadership in categories with significant non-linear growth potential, as well as its strong presence in emerging economies that are growing at twice the GDP of the world, the company eyes toward an enduring future to build long-term value.

Power Packed Management: The legacy of GCPL will now be led by Mr.Sudhir Sitapati, New MD & CEO who has rich experience in building sustainable and profitable businesses to steer the growth strategy going forward. Under his leadership at Hindustan Unilever as Executive Director of Food & Refreshment, the category’s sales have grown at a CAGR of ~7.8% during FY16-20. The company has also made two senior appointments of people with significant experience in digital transformation- Rajesh Sethuraman as CEO of ASEAN and Vijay Kannan as the Head of Business Transformation and Digital to bring positive strategic changes in the business.

Medium Term Ambition to Achieve Double-Digit Volume Growth: The company hasvery clear plans for the business to achieve the ambition of double-digit volume growth in the medium term. The strategic pillars for fueling the growth are

1. Extending leadership in core categories and geographies,

2. Accelerating innovation and building purposeful brands,

3. Leveraging digital enhancing go-to-market,

4. Making supply chain best-in-class,

5. Fostering talent and,

6. Building a greener world.

Robust Game Plan: To focus on category development of its existing portfolio, driven by product innovation, relevance building, and access and marketing investments, and funded by a digitally enabled simplification of the company.

Drive Innovation Capabilities: The company is going to fire on the twin engines of blockbuster innovations and category development. A great example of its reconstituted product is powder-to-liquid ‘Magic’ handwash, where the company has reduced plastic, water usage, and transportation costs to create a product that is a quarter the cost of other handwashes in the market.

GCPL’s forte has always been innovation. The firm will continue to build on that, but it is only half the solution. The other half is actually making these new products relevant and accessible, which will be accomplished through more focused category development.

Become truly global: In the fiscal year 2021-22, GCPL led the creation of an empowered global category structure. This new structure will power its global categories in Household Insecticides, Air care, Hair Colour, and Hygiene and will build on product development (innovation and renovation) and brand equity (brand strategy and advertisement). The company has already laid the foundation for achieving this goal, cross-pollinating Magic- powder-to-liquid handwash, from India, Africa, Indonesia, and Latine America, becoming its first-ever global product. Similarly, it forayed into the Household Insecticides category in Africa with the launch of Goodknight Power Shots. Its next big priority is building Goodknight Gold Flash liquid vaporiser into a global product, too.

Financials: The firm has a healthy financial track record. Over the years, it has reduced its dependency on borrowings from Rs 4,001 crore in FY18 to Rs 1,704 crore in FY22. The strong liquidity is visible on the balance sheet with cash and bank balances and liquid investments of Rs 2,224 crore as on March 31, 2022.  It has maintained its ROCE in the range of 19-22% over FY19-22.  The company’s revenues have increased strongly by double-digit across geographies in FY22 expect the weak performance in Indonesia.

Key Risks:

Competitive Market Conditions and New Entrants to the Market: The firmfaces intense rivalry from new/smaller players in the market, although it holds a leadership position in its core categories and geographies. Competitive market conditions may lead to an aggressive product pricing strategy. However, the three key pillars viz. consumer centricity, new product innovation & development, and training-led skill up-gradation are expected to continue to propel the company ahead of the competition in its strategy of innovation-led value creation.

Inflationary Pressure on Input Costs: The company remains vulnerable to raw material price fluctuations. A spike in key raw materials, particularly led by commodities like palm oil and crude oil increases the costs for the company. It also places a significant dent in demand and volume growth in some categories with a drag on EBITDA margins. GCPL’s ability for cost optimization programs and timely price increases will be the key monitorable in the future.

Currency Risks & Macroeconomic Factors: International business, having a strong presence in emerging markets, contributes to 44% of the company’s sales in FY22. Such high exposure also places GCPL for exchange rate volatility, political instability, and devaluation of local currency along with the impact of economic environments on consumer behavior.

Valuations:

Better capital allocation, refreshed strategies, green shoots in business across geographies, introduction of new products, leadership in diversified product offerings, decline in commodity prices, and major cost control measures are expected to be fruitful for the company in the future. We value the company at a P/E of 39.09x FY25E which seems inexpensive.

About the company:

Over the last decade, GCPL has transformed into an emerging markets FMCG leader. Today, the group enjoys the patronage of 1.15 billion consumers globally, across different businesses. It also has a presence in 90+ countries. In line with its 3 by 3 approach to international expansion, the firm is building its presence in three emerging markets, namely Asia, Africa, and Latin America, across three categories (home care, personal care, and hair care). The company ranks among the largest household insecticide and hair care players in emerging markets.

Financial snapshot:

Key metrics:

Story in charts:

Revenue from operations grew by a CAGR of 5.98% over FY19-22; Likely benefits of the refresh strategy are expected to pay off in the future

Revenue by product categories over FY19-22

Geography-wise revenue performance over FY19-22; Indonesia’s growth is crucial

Trend in EBITDA Margins; Raw Material prices shoot up in FY22, particularly Palm Oil

Trend in ROCE

Shareholding pattern as of June 31, 2022:

Price performance V/S NIFTY50:

The post Samco’s Picks of the Month – September 2022 first appeared on Support | Samco.

In this 75th Year of Independence, we are running an offer for samco clients, get Flat 50% off on a Cashplus subscription.

What is CashPlus?

Samco offers a host of leverage products to investors and traders, one of them is CashPlus. CashPlus enhances your equity delivery buying leverage.

CashPlus is Samco’s equity delivery leverage product that allows investors to get up to 4X margin against cash in over 400+ stocks for equity delivery trades. In simple terms, if you have Rs.1,00,000 cash balance in your Samco ledger account, you can buy stocks in delivery for up to Rs. 4,00,000 with a CashPlus subscription.

You can carry forward your Delivery Trades Ad Infinitum as long as your margins remain within the prescribed limits.

How CashPlus work?

CashPlus gives you additional margins to buy shares in delivery against your cash balance

The following table explains how enhanced delivery leverage works with a CashPlus subscription.

You can Explore CashPlus Margin Calculator here

CashPlus Independence Day offer:

Get CashPlus Subscription Now @50% off. 

Offer Duration period: 15th, 16th, and 17th August 2022

Who is eligible for this offer?

• All clients who haven’t subscribed to CashPlus
• All CashPlus Expired subscribers.

Teams and Conditions: 

• Subscribe to CashPlus between 15th August 2022 to 17th August 2022.
• Payments must be made between 15th August 2022 to 17th August 2022.
• The offer won’t be valid for renewal cashplus clients.

To know more about CashPlus you can refer to this blog – Read More

If you are facing any problems while subscribing, feel free to contact us on 022-2222-7777 or 022-4503-0450 or write to us at support@samco.in

The post CashPlus Independence Day Offer first appeared on Support | Samco.

On 15th July 2022 we did the Samco Partner’s Digital Meet-up where we launched the Exclusive Samco Partner’s SE Asia Convention for all our valuable partners. You must have also attended the meet-up. 

In that meet-up Mr. Chirag Joshi, Chief Growth Officer at Samco presented that how our Partner’s team connected with all the partners to understand what our partners need to grow?

A good chunk of our valued partners asked for a more rewarding incentive offer.

Keeping that in mind here we are with our Independence Month Incentive Offer. 

Presenting Samco Partner’s Independence Month Incentive Offer

Introduce clients to Samco &

earn ₹500*

on each activated account till 20^th Aug 2022

The Independence Month Incentive Offer includes 2 legs:

Leg 1: Get ₹150 when you introduce clients to Samco and open their trading and demat account.

Leg 2: Get ₹350 on each activated account. By activated account we mean your referred client should atleast place a trade on the StockNote app.

Benefits for you:

• Refer and onboard your clients to earn ₹500* on each activated account.
• Additionally earn up to 50% commission from your clients’ brokerage and subscription-based products offered by Samco. 

Benefits for your clients:

• Access to sophisticated platforms to trade & invest.
• Access to Stock, Mutual funds & StockBasket recommendations from the Samco research experts every month.

How does it work?

• Refer and onboard clients to Samco
• Introduce them to the Samco Ecosystem which includes StockNote, StockBasket, KyaTrade & RankMF.
• Encourage them to trade on the StockNote platform and enjoy your incentive.

If you refer and activate 100 clients within the offer period, you can earn ₹50,000 as a cash incentive.

It’s a great time to become a Samco Partner!

So, start onboarding clients today and start earning your cash incentive!

Onboard Clients Now

And if you haven’t completed your Samco partner registration, there is no better time than now to do so. Grab this offer by signing up to be a Samco Partner now. Become a Samco Partner Now → 

Terms & Conditions:

1. Clients referred and onboarded between 5th Aug 2022 to 20 Aug 2022 will be eligible for incentives.
2. To get actibvated clients can place order till 31st Aug 2022 for incentive calculation.
3. Incentives payout shall be processed with Sep’2022 month payout.

The post Samco Partner’s Independence Month Incentive Offer first appeared on Support | Samco.

When your start a side gig besides your 9-5 job, you should be partnering with such businesses which present you with limitless and numerous opportunities to upscale your income. You must have definitely heard of the saying ‘To get something, you must give something’; invest your time and money in such businesses which will compensate you by increasing your efforts to your earned income ratio.

With the Samco Partner Program, you can rely on everything! From presenting you with n number of times of chances to helping you to push your limits, we do it all. By introducing new clients and onboarding them through our powerful, smart, next-gen platforms, we’ll reward you generously for each successful referral.

Presenting Samco Partners’ July Bonus

Introduce clients to Samco and earn

₹30,000* 

and more…

From 5th to 31st July 2022

It is an incentive offer you wouldn’t want to miss!

Referring clients to Samco and getting them on board will earn you incentives of Rs. 300 per account from 5th to 31st July 2022

Meaning, if you refer 100 clients within the offer period, you can earn Rs. 30,000 as cash incentive!

Benefits for you:

Refer and activate your clients to earn a bonus worth Rs. 300 on each account.

Benefits for your clients:

Your onboarded clients get to enjoy the following benefits at Samco –

• Free trading account
• AMC free Demat account for the 1st year
• 100% brokerage cashback for 1st month on StockNote
• KyaTrade subscription at Re. 1 for 1st month

And a lot more…

How does it work:

Refer and activate clients to receive a cash bonus worth Rs. 300 on each account until 31st July 2022. And if you refer 100 clients within the offer period, you can earn Rs. 30,000 as a cash bonus!

It’s a great time to be a Samco Partner!

So, start onboarding your clients today and start earning your bonus!

Onboard Clients Now

And if you haven’t completed your Samco partner registration, there is no better time than now to do so. Grab this offer by signing up to be a Samco Partner now. Become a Samco Partner Now → 

Book an appointment with our relationship managers if you need any further assistance. Book Appointment Now

T&Cs:

1. Refer leads and get their accounts activated with at least 1 trade before 31st July 2022.
2. Only the leads referred between 5th to 31st July 2022. 2022 will be eligible for the incentives payout. 
3. Incentives payout shall be credited by 15th August 2022.

The post Samco Partners’ July Bonus first appeared on Support | Samco.