Yes, you can request to cancel your closure process before it is fully processed. Contact Samco’s customer support as soon as possible if you change your mind after submitting the request. Once the account has been fully closed, it cannot be reversed and you would need to open a new […]
How do I close my Samco account offline?
The offline process is required for: Non-individual clients — such as companies, HUFs, partnerships, or trusts Partial closure requests — where only part of the account needs to be closed Individual clients can use either the online or offline method. Before you begin, the same conditions apply as the online […]
How long does it take to close my account after submitting the online request?
Once submitted, your request will be processed and updated within 48–72 working hours. If your account has pending holdings or balances that need to be cleared first, the timeline will depend on how quickly those are resolved.
What is a CML copy ?
A CML (Client Master List) copy is a document issued by a broker that contains the essential details of your Demat account such as your name, DP ID, and client ID. It is also referred to as a CMR (Client Master Report). To get your CML copy, contact your new […]
How do I close my Samco account online?
You can close your account online through Samco Star Back Office. Before you begin, make sure your NAV (Net Asset Value) is 0 meaning your account has no holdings and no fund balance. There are three scenarios depending on your account status: Scenario 1 — NAV is 0 (no holdings, […]
What are large-cap, mid-cap, and small-cap stocks?
Stocks in India are classified into three categories based on market capitalisation large-cap, mid-cap, and small-cap. SEBI defines these categories so that fund houses and investors have a common reference point. Large-cap stocks These are the top 100 companies by market cap listed on Indian exchanges. Companies like Reliance Industries, […]
What is market capitalisation and what does it tell you about a company?
Market capitalisation (market cap) is the total market value of a company’s outstanding shares. It is calculated by multiplying the current share price by the total number of shares issued. Formula: Market Cap = Current Share Price × Total Number of Shares Outstanding For example, if a company has 10 […]
What is equity and how is it different from debt?
When a company needs money to grow, it has two main ways to raise its equity or debt. Understanding the difference helps you know what you are actually buying when you invest in the stock market. Equity Equity means ownership. When a company raises money by issuing shares, it is […]
What is credit rating and why does it matter for bonds and NCDs?
A credit rating is an assessment of how likely a borrower, typically a company or government, is to repay the principal and interest on a debt instrument on time. When you invest in a bond or NCD, the credit rating gives you a quick indication of the risk involved. In […]
What is a Non-Convertible Debenture (NCD)?
A Non-Convertible Debenture (NCD) is a debt instrument issued by companies to raise money from the public. When you invest in an NCD, you are lending money to the company for a fixed period. In return, the company pays you interest at a fixed rate and repays the principal at […]