What is the difference between India MARS and Global NOVA?
Both are Samco SAPs, so in both the algo places trades for you. They differ in the market they invest in, how you fund and deploy them, and when trading starts.
| India MARS | Global NOVA (US SAP) | |
| Market | Indian markets (equity, gold, cash) | US ETFs |
| App to deploy | Samco SAP app | Samco app |
| Minimum amount | ₹1,00,000 | $1,100 |
| Funding at deployment | On the go, via Samco Ledger, UPI, Net Banking or NEFT/RTGS | Fund your US Wallet first; no on-the-go funding |
| Funding route | Indian bank transfer | LRS remittance via HDFC, Axis, ICICI, IDFC FIRST or Kotak |
| Time to deploy | T+1 after pay-in | 2 to 3 working days to fund the wallet, then instant |
| First orders | Next trading day (T+1) | Same day, in US market hours |
| Daily login | Required (SEBI) | Not required |
| Management fee | 2% per year | 2% per year |
| Algo execution fee | 0.05% of order value | None |
| Holdings visible in | Samco SAP app | Samco SAP app and Samco app |
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