3176% returns in 10 months! How This Stock Trader Won the Rs 1 Crore Prize

Be a stock trader and earn a crore! This became a reality when Chaitanya Jaiswal of Indore won a prize of Rs 1 crore from the highly publicized Indian Trading League.

Jaiswal, who was voted India’s top trader, was also named fund manager of a $1 million ITL fund, according to a press release from SAMCO Ventures, which launched ITL. Day trader Jaiswal generated 3176% ROI in 10 months. ITL started on May 19, 2015.

Other ITL winners include Jyoti Kushwah, who won India’s Best Female Trader award and the first runner-up in the ITL Traders League by generating returns of 2266%. She received 100 grams of gold and a Rs10 Lakh cash prize. Mohammed Pulath generated 427% returns, winning the title of India’s top commodity trader and the prize of Rs 10 lakh.

Vishvesh Vijayvargiya won India’s top investor award by generating returns of 1417%. He received a cash prize of Rs 5 lakh.

Commenting at the event, CEO of Jimeet Modi, SAMCO Ventures said, “The Indian Trading League competitive platform has lit the fire in every market player to perform better day after day. ITL took trading to a whole new level of experience, which involved real money, real markets, real people and real returns. SAMCO Ventures is the promoter and holding company of SAMCO Securities, a Mumbai-based discount brokerage firm that launched ITL.

SAMCO’s discount brokerage model charges a flat fee of Rs 20 per trade regardless of order size, saving over 90% on brokerage fees. This fixed fee structure applies to trading all asset classes – stocks, derivatives, commodities and even currencies.

The company, which has been carved out over the past year, has already caught the eye of investors with cricketer Kapil Dev, London-based Bay Capital founder Siddharth Mehta and others investing $3 million. as Series A investors. Additionally, the company is already in initial talks for Series B funding.

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