We had shared this on social media yesterday.
https://twitter.com/Nithin0dha/status/1696854528186863884
So, one other potential loophole here was that for stocks that are transferred in from other brokers, we allow the customer to enter the buy price for the stock and to be able to calculate the P&L. Since the buy trade is with another broker, it is impossible to validate if what is entered is genuine or not. Someone could enter a much lower price and hence game the verified P&L.
This is possible only in equity delivery trades and hence equity P&L only. In F&O, positions can’t be transferred from one broker to another, and hence F&O P&L can’t be affected.
But since there is no way to verify buy trades done at another broker for all stocks transferred into Zerodha we are removing all such trades from the Verified P&L page starting now. Verified P&L will only include P&L of those trades (buy and sell) done at Zerodha.