The “My Trade Story” feature introduces a suite of innovative Trade Spreadsheet and Analytics tools, providing traders with comprehensive trade-related statistics and in-depth analytics tailored to individual trading profiles. Encompassing crucial aspects such as position details, P&L analytics, trade legs breakdown, key technical indicators, and more, this feature empowers traders to make informed decisions and enhance their market outcomes.

SAMCO Securities’ CRP platform, already renowned for offering real-time market data, technical analysis tools, margin trading, stop-loss orders, and educational resources, elevates its services to new heights with the addition of “My Trade Story.” This feature sets a new industry standard by addressing the pressing need for advanced tools that assist traders in overcoming challenges, achieving financial goals, and thriving in today’s dynamic markets.

Jimeet Modi, Founder and CEO of SAMCO Group, emphasized the significance of the Trade Spreadsheet feature, saying, “In a market where 62% of traders are grappling with underperformance, our innovative CRP features, such as the ‘My Trade Story,’ serve as a guiding light, offering personalized insights and analytics to help traders navigate and elevate their strategies for improved outcomes.”

The Trade Probability Success Score, a unique component of the “My Trade Story” feature, assesses historical trade data, market trends, technical indicators, and risk management strategies to predict the success probability of each trade. This tool equips traders with the knowledge to optimize their trades, tap into their potential, and attain greater success.

The Trade Spreadsheet feature caters to traders of all experience levels, providing vital trade-level data. The accompanying Analytics feature offers further insights into market trends. If the Trade Probability Success Score indicates a lower probability of success for a trade, traders are encouraged to consider options like consulting experienced fund managers for guidance.

To mark the launch, the advanced features of “My Trade Story” will be accessible to clients free of cost, delivering benefits valued at Rs. 12,000. Traders can leverage this feature to gain deep insights into their trading performance, enabling data-driven decisions for improved trading outcomes.

SAMCO Securities was incorporated by Mr. Jimeet Modi, Founder & CEO of SAMCO Group in 2015. As the country’s leading flat-fee brokerage and wealth-tech platform, SAMCO Securities provides retail investors access to sophisticated financial technology and makes their wealth-creation journey simple, informed, and cost-effective. SAMCO Securities’ mission is to eliminate the existing challenges faced by traders and investors and democratize access to the wealth management process for every Indian.

The “My Trade Story” feature is a game-changer for traders in Pune, offering advanced tools and analytics to refine their trading strategies and attain superior market results. With this feature, SAMCO Securities continues to lead the way in providing innovative solutions that empower traders to succeed in today’s dynamic markets

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This credit facility is available on the FundsIndia investor platform and will soon be released on their partner platform as well. FundsIndia partners will also be able to offer the product to their investors digitally via the FundsIndia partner platform.    

As part of the deal, investors can pledge their mutual fund units of different asset management companies (AMCs) with both CAMS and KFintech – the Registrar & Transfer Agents (RTA) to avail loans against mutual funds. Customers can also pledge shares from a large list of approved shares held in a Demat account with NSDL only. 

The investors will get the option of creating an overdraft facility against their mutual funds and shares on the FundsIndia portal at 9% p.a. and with a fixed processing fee of Rs 999 plus taxes that will help them manage their liquidity without redeeming their investments.

“We have so far onboarded 400 plus mutual fund distributors as our channel partners and the business from them has grown significantly in the last quarter. Now with FundsIndia making available our product on their website and mobile app, we will be able to reach out to a large number of investors that they cater to, and I am confident that a large number of investors will take advantage and avail of a loan against mutual funds/ shares to take care of their short term money requirement. Currently, 30% of our clients are sourced by channel partners. I expect this number to go up significantly with partners like Fundsindia coming on board.” said Krishna Kanhaiya, Chief Executive Officer, of Mirae Asset Financial Services.

Excited with the collaboration Mr. Girirajan Murugan, CEO, FundsIndia said, “We are delighted to announce that we at FundsIndia have partnered with Mirae Asset Financial Services to provide our investors with greater access to credit against their securities. This partnership marks a momentous milestone for both firms and is sure to benefit thousands of investors across India.

Our collaboration will ensure that our investors can access credit facilities in a reliable and convenient manner. We are committed to providing a seamless and hassle-free digital experience to our customers and look forward to working together to make this a reality.

We are confident that our partnership with Mirae Asset’s NBFC arm will be a great success and are excited to provide our investors with a broader range of credit options. We believe this will open up new opportunities for investors and help them achieve their financial goals.

We thank Mirae Asset Financial Services for their trust in us and we look forward to continuing our successful collaboration.”

FundsIndia and Mirae Asset Financial Services leverage digital technologies to provide financial products to their customers. FundsIndia is India’s friendliest online-only investment platform with 14+ years of excellence in enhancing the investment experience for users. Mirae Asset Financial Services launched on 1^st July 22 has onboarded over 400 mutual fund distributors across 50+ cities with the help of their digital partner module. Financial advisors have found loans against securities ideal where they can provide their investors with a solution to generate liquidity without having to redeem their investments. Both FundsIndia & Mirae Asset Financial Services teams are very optimistic that investors will find loans against securities very useful and expect the product to be accepted by a large number of investors.

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