There could be a few reasons as to why there’s a difference in your smallcase and Kite values:
- Difference in the methodology used in calculating average buy price - On Kite, the avg buy price is calculated by FIFO (first in, first out) for tax liability calculation, whereas for smallcases, the simple average method is adopted for this calculation for accuracy purposes. Click here for a detailed explanation.
- smallcase stocks sold on Kite - When you sell stocks bought through smallcases on Kite, the same doesn't get updated in your smallcases, thereby causing your P&L to vary.
To reconcile your holdings, please contact the smallcases support team. You can write to us on firstname.lastname@example.org or start a live chat with us.
- Corporate actions - When there’s a corporate action, such as an issue of bonus shares, stock split, etc your smallcase is adjusted in your smallcases on the ex-date, whereas, it's adjusted on Kite on a later date once the bonus shares reach your demat account, which brings about a difference in values.