SAMCO Mutual Fund Investments|Invest at Zero Brokerage 2024

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SAMCO Mutual Fund

Mutual funds are helping every individual to enhance their capital by achieving financial goals. They are one of the most popular modes of investments that pooled funds from investors and invest them in a number of shares, bonds, commodities, etc. The money you invest in a mutual fund is pooled along with that of other shareholders with similar financial goals. These are more beneficial because they are managed by professional money managers. They monitor the fund’s performance, market, and companies, in which fund managers are investing investors’ money.

Any individual with a SAMCO demat account can invest in mutual funds in offline and online methods. SAMCO allows both the methods. In the online method, you need to open a demat account with SAMCO and complete eKYC. After the completion of KYC, you can invest in the mutual funds in lumpsum and SIP mode. In the offline method, you need a few things in hand: PAN Card, bank account, to complete the physical KYC (know your client) process. Once your KYC is done, you can apply for investing in a mutual fund by providing your Bank Name, IFSC Code, Account Number, Account type, etc. and cheque too for 1^st payment.

Benefits of investing in mutual funds with SAMCO

SAMCO has a specific app for mutual fund investments known as RankMF app. One can invest in mutual funds with RankMF mobile app or web or in an offline manner. The major benefits of investing in mutual funds through SAMCO are:

• It allows its investors to create, pause, and modify their SIPs in an instant manner.
• Track fund performance and other attributes including NAV of any fund.
• You can invest in mutual funds easily through net banking or any other payment method available on the platform.
• Provide you the best mutual funds according to your risk appetite and financial goals without any kind of hassle.
• You can get every detail of your investments within minutes.
• RankMF provides you the ratings of all the mutual fund schemes.
• You can easily compare funds and hold investments in a paperless demat account.

SAMCO RankMF App

SAMCO has its own RankMF mutual fund investment platform which provides recommendations according to the risk and return requirements of investors. RankMF considers a variety of factors and over 20 million data points such as expense ratios, standard deviation, beta, market valuations and multiples, portfolio holdings and diversification/concentration of portfolio, the cash ratio of a fund, size of the fund, the predicted yields.

The facility is built on the simple principle of investments in great companies at fair or great prices deliver great returns and investments in poor companies and/or at poor prices deliver poor returns. RankMF ranks the best of old and new funds without considering the past performance while rating and reviewing funds. It does not follow the bell – curve to tell which is the best fund according to your financial requirements.

SAMCO RankMF Account Opening Process

RankMF mutual fund investment app by SAMCO is completely free where you need not pay any fees. It charges a commission from AMCs for offering regular mutual funds to investors. To open an account with RankMF, follow the steps:

1. Download RankMF app or go to SAMCO official website.
2. Click on “open an account” link.
3. Enter all the details asked and register yourself.
4. Complete your KYC.
5. Now you can explore and select funds to invest.

SAMCO SmartSIP

SAMCO has come up with a SmartSIP feature where investments are done automatically either in equity schemes or in liquid schemes based on the signals generated by considering the margin of safety index. Smart SIP is superior to normal SIP because it has a central tool named MosDex which decides when a switch has to be made between equity schemes and liquid schemes. It follows the margin safety principle in investing. It skips fresh investments when the market is expensive and the monthly investments are invested in liquid schemes. Later, it uses that amount to buy equity MF when the market is inexpensive.

Steps to place a SmartSIP order on the SAMCO RankMF mobile app:

• Go to the scheme page and you will be able to see a button “SmartSIP”.
• On clicking the SmartSIP button, you have to select between the SmartSIP order type or SmartSIP Plus order type.

Smart SIP option is available only if your investment horizon is more than 5 years.

SAMCO Mutual Fund Investment Platforms

When you invest in mutual funds through the SAMCO broker, you either need to have a RankMF app or login directly via RankMF web portal.

• RankMF App: The app offers schemes of 40+ AMCs with approximately 2950+ active mutual funds in India. It has created different baskets of mutual funds for different financial targets and time frames. The app can be easily downloaded on Android and iOS mobile phones.
• RankMF Web: The web portal of RankMF offers a simplified portfolio view with details like Investment NAV, Absolute Profit Loss Statement, XIRR, SIP History, and more. It also offers information related to any MFs on a single page.

SAMCO Mutual Fund Charges

SAMCO does not charge any fees from its clients to invest in mutual funds. However, it does not provide direct mutual funds, so when you invest through SAMCO; you can only invest in regular mutual funds.

SAMCO Mutual Fund Disadvantages

• SAMCO only offers regular mutual funds.
• The broker charges a commission from AMCs on schemes, which further increase the expense ratio for investors.

SAMCO Mutual Fund Customer Care:

If you have any queries regarding mutual fund investments, then you can raise a ticket at SAMCO or contact at +9122-61699000.