DDPI (Demat Debit and Pledge Instruction) is a legal document that allows your broker to debit securities from your Demat account when you sell shares. It replaces the older Power of Attorney (PoA) and ensures safer transactions.

Why is DDPI Required?

Seamless Share Selling – Without DDPI, you must manually authorize every sale via TPIN & OTP.

Mandatory for Pledging Shares – Required if you pledge shares for margin funding.

Prevents Unauthorized Transactions – Unlike PoA, DDPI is limited in scope and only allows share debits for approved transactions.

How to Activate DDPI

Activating DDPI is simple and can be done online through the Star SAMCO platform. Follow these steps to activate your DDPI:

1. Log In: Visit star.samco.in and log in to your account.
2. Submit DDPI: Click on the “Submit DDPI” button located at the top right of the page.
3. Identity Verification: Choose “Continue with Aadhar” to verify your identity.
4. Enter OTP: Enter the OTP and Submit

You can also email the signed DDPI form to depository@samco.in for processing.

DDPI is a secure and convenient alternative to PoA, making share selling and pledging easier. While it’s not mandatory, enabling it can simplify your trading experience.

The post How to Activate DDPI? first appeared on Support | Samco.

To check the status of your account opening request, please click on the link – https://www.samco.in/kyc-tracking

The post How long does it take to open a Samco account? first appeared on Support | Samco.

BSE Sensex Futures and Options (F&O) are derivative contracts that allow traders to bet on the future movements of the BSE Sensex index, which represents the performance of the 30 largest and most liquid companies listed on the Bombay Stock Exchange. Trading in BSE Sensex F&O can be a lucrative way to profit from the volatility and trends of the Indian stock market, as well as to hedge against the risks of holding individual stocks.

However, trading in BSE Sensex F&O also involves a high level of complexity, risk, and margin requirements, which can be daunting for beginners and even experienced traders. That’s why it is essential to have a reliable, user-friendly, and feature-rich trading platform that can help you execute your trades efficiently and effectively.

One such platform is the Samco App, a new generation trading app that provides a seamless and intuitive interface for F&O trading, along with access to live data, advanced charting tools, and various order types. With Samco App, you can easily manage your portfolio, monitor your trades, and make informed decisions based on the latest market information.

In this blog post, we will show you how to trade in BSE Sensex F&O using Samco App, step by step.

Step 1: Download and Login to Samco App

The first step is to download the Samco App from the Google Play Store or the Apple App Store, depending on your device. Once you have installed the app, you need to login with your credentials. If you are a new user, you need to create an account with Samco by filling out the online registration form and completing the KYC process, which you can open online in a few minutes.

Step 2: Add BSE Sensex F&O to your Watchlist

Once you have logged into the Samco App, you need to add the BSE Sensex F&O contracts that you want to trade to your Watchlist. This is where you can keep track of the prices, volumes, and other details of the F&O contracts. To add a contract to your Watchlist, tap on the search icon on the top right corner of the screen, and search for the contract name. For example, if you want to trade in the BSE Sensex futures contract expiring in December 2023, you can search for “SENSEX 70000 PE”. You can also filter the contracts by expiry date, instrument type, and exchange. Once you find the contract you want, tap on it to add it to your Watchlist.

Step 3: Preview Your Order

To order, tap on the desired contract in your Watchlist. On the Order screen, choose buy/sell, set details like type, quantity, price, validity, and product type (Limit, Market, Stop Loss, Stop Loss Market; Day, IOC; NRML, MIS, CO). View market depth, required margin, and modify/cancel orders pre-execution. Tap “Preview” to review order summary, brokerage, taxes, and net amount for your order. 

Step 4: Place The Order

After confirming your order now you can execute by tapping “Quick Trade” if satisfied. 

Step 5 : Receive Confirmation Message

Upon successfully placing your order, you will promptly receive a confirmation message, affirming the successful submission of your trade request.

Step 6: Monitor and Manage your

You can monitor and manage your trades from the Positions screen, which you can access by tapping on the “Positions” icon on the bottom of the screen. Here, you can see the details of your open, closed, and net positions, as well as the unrealized and realised profit or loss of your trades. You can also square off, modify, or cancel your open positions from this screen.

You can also access the Order Book screen, which shows the details of your pending, executed, and rejected orders, by tapping on the “Orders” icon on the bottom of the screen. You can also modify or cancel your pending orders from this screen.

Step 7: Analyse and Learn from your Trades

You can also use the advanced charting tools and indicators available on the Samco App to study the price movements and trends of the BSE Sensex F&O contracts. You can access the Chart screen by tapping on the “Chart” button of individual orders on the Order screen or the Watchlist screen. You can customise the chart type, time frame, and indicators according to your preference.

Conclusion

Trading in BSE Sensex F&O can be a rewarding way to capitalise on the opportunities and hedge against the risks of the Indian stock market. However, it also requires a lot of skill, knowledge, and discipline to succeed. That’s why you need a reliable and user-friendly trading platform like the Samco App, which can help you execute your trades efficiently and effectively.

If you have any questions or feedback, please feel free to contact us at support@samco.in or call us at 9122227777. Happy trading!

The post How to Trade in BSE Sensex F&O Using Samco App first appeared on Support | Samco.

Sovereign Gold Bonds scheme (SGBs) are financial instruments issued by the government of India, providing investors with a secure and convenient way to invest in gold without the need for physical ownership. These bonds offer a unique combination of benefits, including market-based returns, a 2.5 percent interest rate, and capital appreciation, making them an attractive option for those looking to diversify their investment portfolios. SGBs are denominated in grams of gold and are backed by the government, offering a reliable and stable avenue for investing in gold. Investors can purchase SGBs through various payment options, such as cash, cheques, demand drafts, or electronic fund transfers, and they also have the flexibility to redeem the bonds in Indian Rupees on maturity. With the upcoming series of Sovereign Gold Bonds, investors have the opportunity to build a secure financial future while benefiting from the stability and potential returns associated with gold investments.

Sovereign Gold Bonds schemes (SGBs) are a popular investment option for those looking to invest in gold as a hedge against inflation and market uncertainties.

Buy SGBs via The Star Back Office

Here’s a step-by-step guide on how to buy SGBs:

Step 1. Access Samco Star Platform

Begin by accessing the Samco Star platform. Head to Samco Star and log in to your account.

Step 2: Navigate to the Investment Section and Select SGBs

Move to the Investment Section. Locate the “IPO/ OFS/ SGB” tab situated in the main menu of the platform. Within the options available, click on the one specifically related to Sovereign Gold Bonds to proceed.

Step 3: Apply for the SGB

Having selected your preferred sovereign gold bonds, click on the ‘Buy’ button. This initiates the application process for the chosen offering.

Step 4: Add Quantity 

Enter the preferred quantity for purchasing.

Step 5: Generate and Submit OTP

Security is a priority, and Samco ensures a secure transaction. To proceed, you’ll need to generate a One-Time Password (OTP). Click on the ‘Generate OTP’ option. The OTP is sent to your registered mobile number. Enter the OTP in the designated space and submit. This additional layer of authentication safeguards your transaction.

Step 6: Confirmation and Success

With the OTP submitted, your order is ready for processing. Samco’s user-friendly interface ensures a seamless experience. Once submitted, you’ll receive a confirmation message indicating that your order has been placed successfully.

Additionally, you can invest in SGBs through your Demat account. To do this, fill out a similar application form and apply with the help of your broker. You can also buy SGBs on the primary market through the Stock Holding Corporation. SGBs are a low-risk alternative for investing in gold, as they are government securities denominated in grams of gold and redeemable in cash at maturity. The redemption price is based on the three-day simple average of gold prices, published by the India Bullion and Jewelers Association Limited.

Conclusion

Sovereign Gold Bonds scheme (SGBs) offer investors a practical and reliable channel to invest in gold, providing safety advantages, a fixed income, capital appreciation, and tax benefits. However, potential investors should carefully consider price fluctuations, investment duration, and liquidity aspects before committing to these bonds. SGBs can be beneficial for diversifying an investment portfolio, combining the advantages of both gold and fixed-income investments. The upcoming series of the Sovereign Gold Bonds scheme represents a valuable investment opportunity for those seeking a more secure financial future. It’s essential to weigh the benefits and risks of Sovereign Gold Bonds schemes and consider how they fit into an overall investment strategy before making a decision. Consulting a financial advisor is recommended to make an informed investment decision.  

The post A Step-by-Step Guide on buying Sovereign Gold Bond Scheme (SGB) via the Star Back Office first appeared on Support | Samco.

Method 1: Creating a Basket from Scratch

Step1: Click on Orders

Step 2: Click on Baskets

Step 3: Click on ‘+’ icon to create a new basket

Step 4: Name your basket

Step 5: You have successfully created a basket

Step 6: Now search the script you want to add in the basket

Step 7: Click on ‘+’

Step 8: Fill the details and click on ‘Add to Basket’

Step 9: After adding all the scripts in the basket, click on Execute Basket

Step 10: All orders are executed successfully

Method 2: Adding Scripts to an Existing Basket

Step 1: Search the script you want to add in a Basket

Step 2: Click on the Basket Icon

Step 3: Select from the existing basket or create a new Basket (For Now we will select the existing basket)

Step 4: Fill the required details and click on ‘Add to Basket’

Step 5: You have successfully added a script to the basket

Step 6: Click on the “Go to Basket”

Step 7: After adding all the scripts in the basket, click on Execute Basket

Step 8: All orders are executed successfully

Empowered with this knowledge, you can now effortlessly place multiple orders with just one click, elevating your trading experience to new heights. Optimize your trading journey by leveraging the incredible capabilities of Basket Orders on the Samco Trading App!

The post Empowering Your Trades: A Comprehensive Guide to Basket Orders on Samco Trading App first appeared on Support | Samco.

The IPO process is a long process that entails a series of tasks by the issuing company, the lead underwriter, and the syndicate members. The expertise of the underwriter plays a huge role in shaping the IPO process. This blog discusses how to apply for any IPO through Samco Star Back Office.

If you are interested in investing in an IPO, Samco Star Back Office provides a simple and convenient way to apply online. Here are the steps to follow:

• Login to the Samco Star Back Office.

• Click on the “IPO/ OFS/ BUYBACK” option.

• Select “IPO” Click on the “Apply” button.

• Enter the quantity you want to apply for, select “Yes” on Bid at cut off price, and enter your VPA and client UPI ID.

• If you don’t have a UPI ID, you can create one by following the instructions provided.
• Once you have created a UPI ID, you will receive a pending mandate request. Click on “Continue”, find the details of the mandate, and block the required amount. Then confirm the mandate.

• Enter your passcode to create the mandate successfully.
• Check the status of your application in the IPO section of the back office.

Check out this video tutorial on how to apply for an IPO through Samco Star Back Office here in this YouTube tutorial

With these simple steps, you can easily apply for an IPO online and start investing in the stock market.

The post How to Apply for any IPO through Samco Star Back Office first appeared on Support | Samco.

Are you tired of constantly monitoring your positions, anxiously waiting for the perfect moment to hit that sell button? Well, fret no more! With GTT OCO, you can set your target price and stop loss for your holdings, kick back, and watch the magic of your trade unfold.

Here’s how it works?

1. Let’s say you are holding a stock in your portfolio and you have kept a target and stoploss in mind for exiting this stock.
2. You can place a GTT OCO order and Enter your target trigger and stoploss trigger along with respective order prices.
3. Once you’ve entered your target and stoploss prices, our system will start monitoring the market.
4. If the price of your stock reaches your target price, our system will automatically place a sell order with target price for you. In this scenario, your stoploss trigger will get canceled automatically.
5. If the price of your stock reaches your stoploss price, our system will automatically place a sell order with stoploss price for you. In this scenario, your target trigger will get canceled automatically.

How will GTT OCO order help you?

1. Discipline to your trading

With this feature you can define your target price and stop loss as soon as you enter a trade. This way you can stick to your trading plan while maintaining discipline and consistency in your trading.

2. Avoid emotional decisions

When you enter the target and stoploss for GTT OCO, Your decisions are made when you’re calm and objective, not during the heat of the moment. 

Since your decisions are already locked in, you will not second guess your decisions during market volatility. These pre-set plans will help you reduce the influence of emotions on your trading decisions.

3. Stress free trading

The GTT OCO order will bring you stress free trading. You can place GTT OCO, have trust in your strategy and save yourself from the anxiety arising from price fluctuations.

Things to keep in mind

1. Corporate action

If there is a corporate action (like split issue, bonus issue, right issue, merger, demerger) in the stock you are holding then all the GTT OCO orders (including FnO GTT orders) related to that stock will get automatically canceled on the ex-date before the market opens.

2. DDPI/POA

If DDPI is not enabled for your demat account or you have not given power of attorney then your GTT OCO order will get rejected after getting triggered.

The post All about GTT OCO (Good-Till-Triggered One-Cancels-Other) first appeared on Support | Samco.

If you’re new to the Samco trading app, follow these simple steps to kickstart your trading journey – 

1. Open the Samco App.

2. Enter your registered mobile number.

3. You will receive a 4-digit OTP on your mobile number.

4. Enter the OTP in the provided field.

5. Now, set a new password for your Samco account.

6. Confirm the new password by entering it again in the “Confirm Password” field.

7. For added security, you can enable biometric authentication (e.g., fingerprint or face recognition) at this point.

8. After enabling biometric authentication, you will be directed to the dashboard.

9. On the dashboard, you can either name your index or choose from predefined options.

10. To make a watchlist, add or remove stocks using the plus (+) and minus (-) signs, then click “Create” when you’re ready. 

11. Now you can add funds to your account, go to the “Now add funds instantly” 

12. Enter the desired amount you wish to add.

13. You can choose your preferred mode of payment, such as UPI or internet banking.

14. After selecting your payment mode, proceed with the transaction.

These steps will help you set up your Samco App, customise your dashboard, create a watchlist, and add funds to your account.

Watch this video to understand, How to Log in for the First Time on the Samco Trading App

After successfully completing your transaction, you can now initiate your first trade with Samco, allowing you to enjoy all the benefits of the Samco app for your trading experience

The post How to Log in for the First Time on the Samco Trading App first appeared on Support | Samco.

Now let’s understand the process to pledge your shares with Samco under the Margin Against Share – StockPlus category is as follows:

Placing Pledge request through your Back Office Portal – SAMCO Star. From the Holdings tab, you need to click on the button “Pledge” against the shares.

Step 1: First visit star.samco.in

Step 2: Select the stock you want to pledge from your holding and click on pledge on the right side of the stock you want to pledge.

Step 3: Select any of the mentioned fields. For now we are selecting YOB (Year of Birth)

Step 4: Enter the number of the quantity you want to pledge and click on Pledge.

Step 5: Then you will be redirected to the CDSL page, enter the transactional OTP, and click on Verify.

Step 6: Congratulation! You have successfully pledged your shares.

Now let’s understand the process of un-pledging your shares with Samco:

There are two Options:

1. Instant Unpledge and sell
2. Normal Unpledge (TAT 24 Hrs)

Instant Unpledge and Sell:

1. Login to Samco Star BackOffice
2. Select the stock you want to un-pledge from your holding and click on un-pledge on the right side of the stock you want to pledge.
3. Enter the OTP and click on submit.

Normal Unpledge (TAT 24 Hrs)

1. Login to Samco Star BackOffice
2. Select the stock you want to unpledge from your holding and click on unpledge on the right side of the stock you want to pledge.
3. Select any of the mentioned fields. For now, we are selecting YOB (Year of Birth)
4. Enter the number of the quantity you want to pledge and click on unpledge.
5. Your un-pledge request is sent.

If you’re an E-Samco client (client without active POA or DDPI), you will be first redirected to the CDSL E-DIS portal where you’ll need to authenticate the E-DIS request, and only then instant Un-pledge request be accepted.

Note:

1. If you’ve performed the E-DIS process for a particular stock, you will not be allowed to pledge the shares for the day. You’ll see the following disclaimer: “Since you have already entered an E-DIS sale request with CDSL, a Pledge request will not be allowed today. Kindly try pledging tomorrow.”
2. Only clear holdings are to be allowed for E-DIS. Eg: If you have 100 shares of Reliance and you pledge 20 shares of Reliance under StockPlus, you would be allowed to perform E-Dis for the balance quantity of 80 only.

Hope this blog was helpful for you to make the correct decision.
To understand this process better, you can request support by raising a ticket or contacting us on our helpline number 022-2222-7777.

The post How to Pledge & Unpledge Holdings with SAMCO under StockPlus via CDSL? first appeared on Support | Samco.

After you pledge your shareholding (If you want to know how to pledge read this blog), next step is to check your collateral margin in your Samco App/ Web.

Below are the steps on how you can check the collateral margin which is been generated:

1. Login to your Samco App/Web
2. Click on Funds
3. Under Quick Stats you can see Collateral Margin.

Under Collateral Margin your pledge amount will get added for you to start trading.

After collateral amount is been add in your account, next step is to place a order to start trading.

Below how you can place order using Margin Against Shares:

1. Select the stock you want to start trading in
2. Click on buy
3. Select the order type NRML if you to place derivative order or MIS if you want to place intraday order
4. Select the order type
5. Enter the Quantity
6. Click on Quick TradE and your order is successfully placed using Margin Against Shares – StockPlus

That’s all its that easy to start using your shareholding and mutual funds units for the greater good. So know you know what’s to be done so start placing your trades using Margin Against Shares – StockPlus

The post How to Place an Order using StockPlus? first appeared on Support | Samco.