AMA with Zerodha's core team

Choice is yours.

Web Design in Zerodha & A Few Full Service Brokers are same. Guess you source from Same Vendor.

Because of it started punching orders from Mobility devices for Monitoring (from a broker with Zero Intraday Brokerage) and using Tradingview direct on PC for Technical Analysis.

Thank you for all wonderful responses. I have question regarding different profiles for your family.
So I know you have family consolidation possible right now. But I was wondering if it was possible to add a feature on Coin and Kite where a user can select different accounts of family members(Of course-after proper login) and view/trade individual holdings of mutual funds or stocks? (Like On Gmail app, where we can select individual email IDs and can see mails for only that specific ID).

Trading on behalf of someone else not allowed by SEBI so zerodha won’t implement it.

You can use browser to log into another account

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Hey @nithin

What does Pledge SI Flag means in CMR copy?

What does the mean for below:

  1. Pledge SI Flag Yes
  2. Pledge SI Flag No

As this is an AMA post, would request you to post your query in the below relevant thread related to CMR directly without tagging anyone. As ensured earlier, we will make sure your queries are answered :slight_smile:

Ah, this was mainly a design choice. We were center-aligning each item earlier, but centring the whole row and moving outward looked better.

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Banks/NBFCs use the pledge SI (Standing Instruction) flag. If the pledge SI is not marked as Yes at the pledgee’s end, the pledgee DP must accept it each time.

If pledge SI is marked as Yes, then the pledgee DP does not need to accept it manually; the pledge request will be accepted automatically at the depository.

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I am receiving Zerodha CMR Copy on my email on regular basis. Sometimes I receive it continuously 2-3 days. But my confusion is that I didn’t request for the CMR copy then why Zerodha send the copy on my email. Is it regular process or what?

Ok great.
However, @Matti , don’t you think it’s something every broker offering a trading API should provide from the very beginning— a demo web server or sandbox?
It would make it easier to test our ideas without worrying about potential issues.

Yes I am also getting the same. Sometimes without requesting also. @Meher_Smaran is it normal Sir? Or can you ask someone to reply please.

Any plans to implement this old suggestion on finding the stocks that can be tax loss harvested? Thank you.

@TheGouda @Ruchi_Porwal Can we check this.

No plans, it is like a grey area, I mean we as a broker should not actively push or encourage clients directly on reducing taxes, I am not sure if I conveyed my message clearly but hope you get the point.
Also we do provide tax loss harvesting report in console under Reports section.

Easier said than done. A demo server needs demo trades and volumes comparable to the real thing for it to mean anything. And simulating the live market isn’t as straightforward as it may seem.

Hey, you will receive emails with an updated CMR for the reasons mentioned here. If none of these reasons are applicable in your case, can you create a ticket from the same article? We’ll have this checked further.

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  • As per the SEBI circular (PDF) the updated CMR is emailed whenever a demat account is mapped or unmapped from a trading account.

I recently closed one of the broker for example Groww Demat Account. This is why I am receiving the updated CMR copy @Ruchi_Porwal mam?

So whenever I closed demat account with other brokers, then will I receive updated CMR copy automatically by Zerodha? Am I right?

Edit: Apologies for the response earlier. Depositories map each demat account to its corresponding trading ID, ensuring that all your demat accounts are linked to every trading ID you hold with different brokers. When there’s any change in a trading or demat account, such as a trading account being marked dormant or closed, the UCC-demat mapping is updated accordingly. This delinks the affected trading account from all demat accounts, triggering a CMR to be sent to the user.

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Mam, just tell me one thing. Should I be worried if I found nothing wrong in the CMR copy sent by ZERODHA without my request? Just asking for knowledge purpose.

Yes exactly, If everything is ok in the CMR copy and the details are correct. Should I worry even Zerodha sent it to me without my request. I also want to know this @Ruchi_Porwal mam.

No offense, but a poor take. You encourage investing in equities which is a lower tax rate than FDs. So we are saving on taxes.

Would highly recommend to consider such a feature. It’s useful for all of us. Since this is perfectly and explicitly legal, I don’t think you can call this a grey area.

And a broker’s job should be to help with all this by using software and calculating and showing this. When you are showing the harvesting possible, the natural extension would be the list of stocks under LTCG.

I am not asking you to send an email encouraging tax harvesting. Just something that shows this data on the console section which already exists