Comment on Introducing smallcase — Invest in ideas

Namrata commented on 26 Oct 2018, 02:49 PM

Hi Babu! The difference in avg buy prices is simply because of the calculation methodology used by Zerodha and smallcase. Zerodha uses FIFO for tax liability reasons, whereas for your smallcases, it’s done by simple average for tracking purposes, hence it’s not a discrepancy.

The only other case where a difference in avg buy prices would occur would be in the case of corporate actions like bonus issues and stock splits: They are adjusted for on smallcase on the ex-date itself, but would get adjusted on Kite once the additional shares reach your demat account.

Drop us a mail at [email protected] if you have more questions, we’re happy to help 🙂

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