Difference in the method for calculating Average Buy Price (ABP):
- On Kite, the ABP is calculated using FIFO (first in, first out) for tax liability
- On smallcases, the simple average method is adopted for accuracy purposes
Stocks in smallcases sold directly on broker platform:
- When you sell stocks in your smallcases directly on Kite, the same doesn't get updated in your smallcases. Hence, causing mismatch in holdings and returns.
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