Earlier, equity accounts were opened under Zerodha Broking Ltd., while commodity accounts were opened under Zerodha Commodities Ltd. This required clients to maintain funds separately for trading in equity and commodities and the same funds couldn’t be used to trade in equity and vice versa. This was a hassle for clients wanting to trade in both equity and commodity segments with the same funds.
We have now introduced a single ledger facility, which allows you to trade in equity and commodity segments (MCX and NSE Commodities) with the same funds.
If you don’t have an existing commodity account, you just need to activate the commodity segment on Console.
If you already have a commodity account, activating the commodity segment on Console will close the existing account and activate a new segment with a single ledger facility. Before activating the new commodity segment, you must close any open positions and withdraw funds from the commodity account.
When is this effective from? I opened commodity account on May 31 but single ledger feature was not provided. I’ve submitted support request but not resolved yet.
If the Commodity segment is enabled in Console, you’re on a single ledger. Also, the Kite profile will show NCO & MCX segments since we enable NSE-COM and MCX together.
I meant to ask, Is there any option to not merging i.e. not going through this procedure if one has activated this Commodity account earlier while opening Demat but don’t use it.
The commodity account you opened earlier was with Zerodha Commodities Private Limited, you can’t club that with your equity account of Zerodha Broking, hence the process.
