Comment on BTST/ATST( Buy/Acquire Today Sell tomorrow)

Sweta commented on 21 Oct 2014, 02:19 AM

Hi Nitin,

Thanks for sharing the knowledge. I have 2 question for you.

1. I bought some shares on 16th Oct and I can see that that the settlement date for the same is 20th Oct. Given that pay-out time is around 1:30 PM, I should see the shares in my demat account around that time. But I don’t see shares in my ilfs demat account even at 11 PM. I dont have any problem even if I get it tomorrow. But just wanted to understand how this works. Is it the redistribution from pool account that is done overnight?

2. Lets say I have some amount of share of X company in my demat account on T day, which I had bought 6 months back. I bought some more X share on T day. Now when I am selling on T+1, how can I make sure that demat transaction happens because reading the whole thread it seems Zerodha first checks in T+1 and then only it goes to demat holding. Asking this question because I want to make sure that demat transaction happens so that I can book some short term loss.

Thanks,
Sweta

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