Samco Launches ‘KyaTrade’ – India’s First Real-time Stock Trading & Recommendation App
Mumbai, 16th June 2021: The Covid-19 pandemic has seen lakhs of new investors looking at equity markets as an alternate source of income but having no clue beyond opening their demat and trading accounts. Leading this disruption in an industry-first initiative, Samco Securities, has launched ‘KyaTrade’ – an instant trading ideas and recommendation App that live streams fresh, actionable, and high-conviction equity trading and investment ideas that come with a favourable reward-risk ratio. These are high-conviction ideas curated by Samco’s research experts along with solid machine-led execution strategy.
Starter pack at Re 1 for first month
KyaTrade has different solutions for investors and traders in the markets because both kinds of participants have completely different portfolios, risk profiles and objectives. Subscribers can experience both intraday and investment plans of KyaTrade at just Re. 1 for the first month.
Announcing the launch of KyaTrade Mr Jimeet Modi, Founder and CEO, Samco Group said, “Samco has always been at the forefront solving real-world challenges that inve stors and traders face in the equity broking marke ts. We believe that while entering the markets is easy as anyone can sign up for a broking and demat account, making a risk-adjusted source of income from trading or investing in the markets remains an evolut ionary chal lenge. Investors and traders are always looking for expert recommendations and once they’ve taken a market position they rarely know the next step on their trade or investment. With KyaTrade we are solving exactly that problem.”
Describing KyaTrade’s capabilities, Mr Nirali Shah, Head of Equity Research, Samco Securities said, “Profiting from the stock markets is no easy task. One is competing with high-frequency and algo-traders for whom this is bread and butter. It could be as easy or as difficult as picking the right stock at the right time and making it a profitable investment or trade. With KyaTrade we are providing the only platform in the country that gives you high conviction ideas with auto in-built risk management system, that controls your price of entry, position sizes, targets, and stop losses. Moreover, we have different strategies for traders and investors making it a win-win for all.”
Don’t believe us, see our track record
We launched KyaTrade to select customers and in-house teams as a free trial and here are the actual results. Refer pdf.
Average return of 8.09% on 51 beta ideas since 14 April 2021
Who is KyaTrade suitable for?
KyaTrade has 2 subscription plans with an ‘Intraday Plan’ for daily traders and an ‘Investment Plan’ for investors.
Intraday Plan
- Suitable for serious traders only, who are willing to dedicate their time to trading from 9.15am to 3.30pm.
- Minimum starting capital recommended – 2,00,000
- Strictly for professional traders
Investment Plan
- Suitable for everyone including beginners
- Minimum starting capital recommended Rs 2,00,000
*Fee Refund Guarantee
- Available only for KyaTrade Investment Plan
- 100% refund of the annual subscription fees, in case the user doesn’t make money in 100 equated trades on investment plan recommendations.
NOTES TO THE EDITOR
KyaTrade Product Details
- KyaTrade is a proprietary Samco exclusive product and can only be accessed by opening an account with Samco Securities
- Every trade on the app comes with an end-to-end trading strategy and execution, from buy to sell with target and strict stop-loss prices
- Brokerage of flat Rs. 20/- per order across all segments
- With a Samco Demat and a trading account customers can get access to the Samco Suite: StockNote, RankMF and StockBasket
- Zero AMC for first year
- About KyaTrade Plans
Intraday Plan
- Unlimited access to high conviction intraday trading ideas
- KyaTrade recommends 5 to 20 trading ideas on the app each day depending on market volatility
- Trading ideas and recommendations on the KyaTrade app comes with a 2:1 reward-risk benefit and a 50% accuracy
- Fresh trading ideas in equity cash, will add other segments in near future
- Available in both monthly and annual subscription. Price of the monthly subscription plan is Rs. 1,500 per month and for the annual subscription plan the price is Rs. 9,000 per year
Investment Plan
- Unlimited access to high conviction stock investment ideas
- KyaTrade recommends 15 to 20 investment ideas at any given time. These ideas are presented when the stock exhibits various signs like breakouts or breakdowns, changes in holding patterns, etc.
- Investment ideas and recommendations on the KyaTrade app comes with a 4:1 reward-risk benefit and a 70% accuracy
- Fresh investment ideas in equity
- Available in both monthly and annual subscription. Price of the monthly subscription plan is Rs. 1,000 per month and for the annual subscription plan the price is Rs. 6,000 per year
About Samco Securities:-
SAMCO Group , is a fintech start-up headquartered in Mumbai, which is one of India’s fastest growing compa nies in the Discount Broking Industry with over 110,000 customers. The company aims to solve problems and at an extremely affordable cost for its customers who acti vely trade or invest in the Indian capital markets with the use of algorithms, data science and artificial intelligence.
Earlier in 2018, the company had raised $7.5 Mn (INR 49 Cr) in a Series B funding round from existing promoters and London-based investment management firm Bay Capital Investment Partners. Prior to that Series A funding of $3 Mn (INR 20 Cr) was raised by the company in FY 2016. Different investment tools offered on SAMCO pla tform’s such as StockNote, RankMF and StockBaskets which eases the process of saving and creating wealth.
For more information, please visit the website: https://www.samco.in/
KyaTrade Intro Video: https://youtu.be/2fvVIOs9XvE
