Thanks Nithin for the reply. I didn’t know that it redeems in FIFO by default.
No offence about moving out, have been in Zerodha since I started investment. Everything is good, but it’s not pocket friendly for F&O trading especially who are small retailers like me. I am doing Algo and the Kite Connect charges of Rs. 2,000/- per month along with Rs. 20/- per order has been heavy on me, provided that there are many alternatives now to trade free in Intraday without brokerage and without explicit charges for API it makes more sense for me to venture out.
I have written to your support team requesting for waiver, but got to know that there are no provisions as such.
Anyways, thanks for your swift reply and I wish you best luck. Keep up the good work.
Raj Pawan Gumdal