Zeeshan Chhatriwala - Support | Samco

How to view and download my profit and loss statement from Samco Star back office

Zeeshan Chhatriwala — Fri, 13 Nov 2020 11:12:29 +0000

A profit and Loss statement gives you a detailed view of all your financial transactions.
In order to find and download your profit and loss statement from Samco Star, follow the steps mentioned below:
Step 1: Visit Samco Start Backoffice and login with your back-office login credentials. If you are logging in for the first time the default password will be your PAN in capital letters.

Step 2: Select Reports from the side menu and click on the Profit and Loss of the desired segment. If you trade in equities (intraday and delivery), you can select Profit and Loss – Equity and if you trade in derivatives (Futures and Options), you can select Profit and Loss – Derivatives.

Step 3: Select the desired Segment (Equity, Equity Derivatives, Currency Derivatives, and Commodity Derivatives) and Financial Year for which you wish to check your P&L.
Then select the From Date* and To Date*

*From Date Selection in Current Financial Year – Opening Positions In the current financial year, you shall be able to select a date range of your choice. In case you select a particular date in the FROM DATE option, then all open positions as on that date shall appear in the Open Quantity Column and the Open Price shall be the open price on that particular date. So for eg. If you select 06th April 2017 as your From Date, then the open positions on the end of the day 5th April 2017 shall appear in the Open Quantity and the closing price as on 5th April 2017 shall appear in the Open Position Rate.
*To Date Selection in Current Financial Year – Closing Positions In case you select a particular date in the TO DATE option, then all the open positions at the end of business on that date shall be considered as closing positions and the closing price on that date shall be considered. For instance, if you select the TO DATE to be 15th April 2017 then your open positions as on 15th April 2017 shall be considered as the Closing Quantity and the closing price as on 15th April 2017 shall be considered.
Step 4: Click on Show to view the statement or click on Download to view in CSV format and save it in your system for your records.
Note – The profit and loss statement is generated using the weighted average method
In case you face any difficulty you can raise a ticket or write to us at support@samco.in

The post How to view and download my profit and loss statement from Samco Star back office first appeared on Support | Samco.

How to Access Samco Star BackOffice

Zeeshan Chhatriwala — Fri, 13 Nov 2020 05:37:02 +0000

Samco Star back-office provided only to Samco customers where they track and get an overview of their trades and investments. It works as a complete backend where one can view their Profit and Loss Statement, Ledger, withdraw funds, refer clients, etc.
Samco client can access Samco Star Backoffice on star.samco.in
The login credentials for the same is mentioned in the welcome email. One can log in using trading login id as username and if you are logging in for the 1st time the password will be your PAN.
In case you are unable to login, you can always reset your passwords by performing the steps illustrated below-
Step 1: Visit Samco Star Backoffice and click on forget password

Step 2: Enter your Client ID and registered email id and a reset link will be emailed on your registered email.

Step 3: Click on the Change Password button in the email and you will be redirected to the page when you can enter and set a new password.

In case you need any assistance feel free to contact us on 022-22227777 or raise a ticket on our support helpdesk

The post How to Access Samco Star BackOffice first appeared on Support | Samco.

Types of Reports Available in Samco Star BackOffice

Zeeshan Chhatriwala — Fri, 13 Nov 2020 05:20:18 +0000

Samco Star BackOffice has several reports which will give you an accurate overview of your investments.
These reports are freely available and are very useful to traders and investors to analyze their trades and investments.
Now let’s see the types of reports one by one.

Profit and Loss Report
Profit and Loss Report is also popularly known as P&L Statment. This statement helps you analyze the total profit or loss you made within a particular financial year. It gives an overview of all your trades, open positions, buy and sell avg price, avg quantity, realized and unrealized profit or loss, etc. It is very essential to check your P&L statement regularly which will help you analyze and improve your trading style. Apart from this P&L Report helps you identify how much transaction cost you incurred within a particular financial year. This report is separated for equity and derivative segments which will help you analyze more accurately. You can refer to the below illustration for a better understanding.

If you wish to check your Profit and Loss Report you can follow the steps shown in this Article – How to View and Download My Profit and Loss Statement from Samco Star Back office?
2. Trade Book
A trade book I a consolidated statement in which you can see all your trades within the selected period. It is also known as Trading Ledger. Trade Book contains details like Trade Date, Exchange, Symbol (Stock Name/Contract), Series (EQ/FUT/OPT/CUR), Action, QTY, Price, and order number. You can access your Trade Book in Samco Star Back Office-> Reports-> TradeBook.

3. Ledger
Ledger is similar to your bank account statement. In a bank statement, all your banking transactions are credited and debited similarly in a ledger all your transaction related to your trading account are recorded. You can access your ledger by following the steps shown this article – How can I check my SAMCO Ledger Account?

In case you face any difficulty to access any of these reports feel free to write us on support@samco.in or raise a ticket on our support helpdesk.

The post Types of Reports Available in Samco Star BackOffice first appeared on Support | Samco.

How is the Buy Average Price Calculated in Samco Star Backoffice?

Zeeshan Chhatriwala — Thu, 12 Nov 2020 11:17:58 +0000

If you trade in the same stock multiple times, you will notice the buy average price of your holdings or positions changing. This is because each time you buy the same stock, the buying price gets averaged. This average price is derived from the weighted average accounting method

You can check the buy and sell average price of stocks you traded from the P&L Statement which is available in Samco Star BackOffice, Samcoe App, and Samco Web in My Holdings.

The buy average calculation of your holdings will exclude intra-day trades. In case you sell your holdings and then buy it back the same day, the difference will be considered an intraday profit or loss, and your holding's buy average will remain unaffected.

To understand the weighted average accounting method assume you made the below buy trades.

So the buy average will be Rs.14.58 (i.e Total amount invested divided by the Net QTY)

In case you need a statement with any other accounting method, you can contact our funds' department on 022-22227777 or raise a ticket on support helpdesk in Funds/Accounts/Contract Note related Issues.

The post How is the Buy Average Price Calculated in Samco Star Backoffice? first appeared on Support | Samco.

How to upload Income Statement in Samco Star Backoffice?

Zeeshan Chhatriwala — Mon, 26 Oct 2020 12:04:06 +0000

Income proof is a mandatory document that is required if you want to trade or invest in the derivatives segment. This is mainly to prevent the use of black money in the derivatives market. Every derivative trader needs to submit their income proof every year to their stockbroker to meet the compliance.

The list of eligible Income Proof is as follows-

Bank Statement for the past 6 months
Salary Slip
Demat Holding Statement
Copy of ITR Acknowledgment
Form No.16
Net Worth Certificate

Here are the step to upload income proof from 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 your password will be your PAN in caps.

Step 2: Go to the My Profile option available in the drop-down list on the top right.

Step 3: Scroll down to the Financial Forms section. Here you have to select your income range and the document you wish to submit.

Note: Document can be uploaded in pdf, png, jpg, jpeg only.
Step 4: Click on the choose file option to upload the income proof and click on submit. By which your income proof is submitted successfully.

In case you face any difficulty feel free to contact us on 022-22227777 or raise a ticket by clicking here.

The post How to upload Income Statement in Samco Star Backoffice? first appeared on Support | Samco.