Comment on Quarterly settlement of funds & securities

darshan commented on 03 Apr 2018, 12:10 PM

Hi, When Zerodha invests our unused funds in the overnight Liquid Funds, A new FOLIO is made every time. Why not reinvest in the existing folio? such as my funds are invested by Zerodha in Reliance Daily Dividend, and it will be reinvested in the same fund but with a different folio no. every time. so now I will have multiple separate folios with zero balance in them to maintain and documentation & tracking while filing ITR may become a headache, can you please address this query?

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