{"id":325108,"date":"2022-06-14T14:32:30","date_gmt":"2022-06-14T09:02:30","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=325108"},"modified":"2024-08-07T11:59:31","modified_gmt":"2024-08-07T06:29:31","slug":"introducing-family-portfolio-view-on-console","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/console\/introducing-family-portfolio-view-on-console","title":{"rendered":"Introducing family portfolio view on Console"},"content":{"rendered":"

Hindi: \u0907\u0938 \u092a\u094b\u0938\u094d\u091f \u0915\u094b \u0939\u093f\u0902\u0926\u0940 \u092e\u0947\u0902 \u092a\u095d\u0928\u0947 \u0915\u0947 \u0932\u093f\u090f \u092f\u0939\u093e\u0901 \u0915\u094d\u0932\u093f\u0915 \u0915\u0930\u0947\u0902\u0964<\/a><\/p>\n

In many families, even though investments might happen through multiple individual accounts, one person is usually monitoring all the portfolios. It is extremely important to track the portfolio risks in terms of asset allocation and concentration to stocks and sectors not just at an individual level but also at a family level. But getting an accurate family portfolio view is a nightmare. The person managing the accounts would have to cobble together Excel sheets and various other portfolio tracking tools and deal with data quality issues.\u00a0<\/span><\/p>\n

Introducing the Family portfolio view on Console. It allows you to add up to 10 family member portfolios (Zerodha accounts) and track the consolidated portfolio through one account. Only viewing and tracking is allowed after explicit authorisation from the family member’s account. Regulations don\u2019t allow one account to place orders on behalf of another, even if the other account belongs to a family member.\u00a0<\/span><\/p>\n

The combined portfolio shows <\/span>asset allocation, exposure to stocks and sectors<\/span><\/a> across all the accounts. You can use the drop-down to select a particular account.<\/span><\/p>\n

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Portfolio analytics<\/p><\/div>\n

Here are the steps to add family accounts<\/b><\/h4>\n
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  1. Visit <\/span>https:\/\/kite.zerodha.com\/holdings<\/span><\/a> and click on <\/span>Family.<\/span><\/i><\/li>\n
  2. You will be redirected to Console. Click on <\/span>Link a sub-account.\u00a0<\/span><\/i><\/li>\n
  3. Enter the sub-account\u2019s Kite user ID, PAN, and mobile number and click on <\/span>Continue<\/span><\/i>.<\/span><\/li>\n
  4. An SMS with the verification link will be sent to the mobile number of the sub-account holder. The sub-account holder must authorize by clicking the verification link in the SMS, allowing the requester to view their portfolio. The verification link is valid for 2 hours.\u00a0<\/span><\/li>\n<\/ol>\n