you really hit the nail on the head!
Well please find attached pdf for you’re reference. its from IBKR…Can Zerodha Provide such Portfolio Analytics.
Portfolio Analytics.pdf (406.8 KB)
In fact, I wrote a post yesterday but deleted it because I realized it might seem overly optimistic to assume Zerodha will introduce such features by 2050… Seriously, I’m not joking.
Let me explain. Can multiple accounts login to the same device and transact - the answer is ‘Yes’. The issue is not with allowing multiple account logins, it’s with how these logins happen. You use a device, login to user 1’s account, log out, then login to user 2’s account. Perfectly fine. In my understanding, what’s not allowed is a “switch user” option that seamlessly logs into the user 2’s account without asking for password/doing any validation after the first time.
Exchanges have clearly said that all broker Internet based trading (IBT - web) and Securities trading through wireless technology (STWT - mobile etc) app logins happen after due 2 factor authentication (2FA) is successful. They even define the modes in which these two factor authentications can happen. Here’s the circular to reference. In this case, we don’t think this is being followed cos subsequent switch user is allowing logging into User 2’s account without the need for any input from User 2.
Further, all brokers undergo periodic system audits by exchange empaneled system auditors. Part of the audit requires the auditors to verify if broker apps have adequate session management mechanisms in place. Refer this circular. I’ve shared an extract from the circular for your reference; read point 6 (c) on session logouts.
We believe that providing a “switch user” facility without necessitating proper 2 factor authentications to login is in violation of exchange regulations and thus cannot offer such a facility. We feel it’s not in the interest of the markets since it’ll allow unscrupulous entities to offer “portfolio management” services and cheat gullible investors since it bypasses basic exchange prescribed requirements for login. As I’ve said earlier, we don’t restrict multiple users from logging into the same device, provided they login with password and two factor.
On a side note, there’s a consultation paper issued by SEBI where they’re proposing a possible “sim binding” exercise which if implemented, will render this feature useless since brokers cannot offer it (we believe they’re in violation even today while offering it). The link to the consultation paper is here
Even the same thing happens with stock and mutual fund investments. When the market rallies right after an investment, a 1-2% gain on the next day can make the XIRR appear significantly high. Yet, Zerodha still calculates and displays the XIRR for investments.
Also, why assume that a trader is always profitable and earns 1% daily? And if a trader truly achieves 1% daily, what’s wrong with displaying a high XIRR?
Reporting XIRR is crucial as it highlights a trader’s profitability, helps assess whether trading is a sensible approach, and determines if any strategic adjustments are needed.
We show only for minimum year old instruments.
That’s okay. But what is the issue in showing XIRR apart from vague number. For a seasoned trader, this number will be really useful. Also, if XIRR showcase is not possible then atleast via Reports (downloadable excel) can you show how much max actual capital is used for the trading activity and trading P&L for each day so that user can calculate on it’s own. Right now the problem is I know my day end portfolio balance (including investments) but I really don’t know how much actual capital (collateral + cash) I used for trading?
@VenuMadhav Thank you for providing the detailed regulatory context and clarifying the requirements around authentication and session management. I sincerely appreciate your efforts to ensure compliance and investor protection are prioritized.
From my understanding, the core concern is that subsequent logins (e.g., switching users) must adhere to 2FA validation as mandated by exchange guidelines. You’ve highlighted that features bypassing 2FA—like seamless account switching without revalidation—are non-compliant. However, I’d like to clarify: modern authentication methods such as Face ID or thumbprint biometrics combine “something you know” (password/PIN) with “something you are” (biometric data). If a broker integrates biometrics in lieu of traditional 2FA (e.g., SMS/email OTP), could this still satisfy regulatory requirements, provided the framework aligns with exchange-prescribed modes?
If brokers avoid such implementations despite technical feasibility, is this a deliberate policy choice (to exceed baseline requirements) or a strict interpretation of the circulars? Could you confirm whether the guidelines explicitly prohibit biometric authentication as a valid second factor, or if this remains a gray area?
Thank you for your insights.
@siva @VenuMadhav
Thank you for taking the time to explain Zerodha’s regulatory stance and authentication policies. While I respect your position, my view remains that modern authentication methods like biometrics (when paired with a password/PIN) could align with 2FA requirements. That said, I recognize brokers may interpret guidelines differently, and Zerodha’s approach reflects its compliance priorities.
To me, no platform is perfect—each broker has trade-offs in features, compliance rigor, and user experience. I’ll focus on identifying the service that best balances my needs, even if it means accepting certain limitations.
I appreciate the clarity, and this conversation has helped me refine my criteria. Thank you again for your time.
This works, shouldn’t be an issue. However, what we’ve seen is that to access user 2’s account on user 1’s device (assume user 1 is primary), is being allowed after biometric/face id input of User 1. This means, once logged in, User 1 has access to all other subsidiary accounts with user 1’s own biometric credentials. This unfortunately, I don’t think is allowed.
We recently only launched a bunch of long standing features, currently working on trade from charts along with changing complete GTT , giving trailing stop loss, exits based on profit and loss at individual position level or at portfolio level or strategy level.
New marketwatch with a lot of firsts is coming soon, also new kite dashboard is coming. Even working on secondary demat.
So, currently we have our priorities set, tagging is in our todo with not a top priority, will pick it up after couple of months.
@siva Thank you for the update! I appreciate the clarity on your current priorities and the exciting new features in the works. No rush on the tagging feature—I’m happy to wait patiently. When you do start working on it, it would be great to ask users for input on what features to include with tagging for better portfolio analysis. Keep up the great work, and looking forward to future updates!
@siva @nithin_kumrr @nithin
When working on any new feature, taking inputs from users would not only help build a better product but also ensure it aligns with their needs and expectations. Involving users early in the process can lead to:
For example, when working on the tagging feature, gathering user input on desired functionalities (e.g., custom tags, filtering, or analytics) could make it a powerful tool for portfolio analysis.
Thank you for considering this approach—it’s a win-win for both users and the platform!
Yes, we do collect requests and save them internally as and when we receive any irrespective we have the feature or not and in case if we start building a new we collate all the saved feedback , go through them and then only will take a decision, I mean we consider them.
Xan you provide desktop login via QR code from kite app , other brokers allow it ! I hope this dosent violate any law
Hi pls give us dummy portfolio with realtime LTP feeds to that portfolio ,where we can add same stock multiple times at different prices and watch PNL % for that manually and can exit , as this is dummy portfolio it wont affect FIFO bais or tax PNL , given link for my requirement in detail Kite marketwatch items limit increased to 100 from 50 - #19 by askew , Thanks.
CONSOLE > PORTFOLIO > HOLDINGS > PLEDGE HOLDINGS
Enhancements -
Noted, let me pass this to our team.
Any chance you can disable the nudge confirmation popup for MIS Trades ?
I am referring to the one that says - 50 times PE - other fundamental issues with the stock.
This comes after hitting the buy or sell button.
It creates an unnecessary step in Intraday Trades and I don’t think anyone taking MIS trades is being helped with that as they are not planning to hold it.
If we have option we don’t want to even show for delivery also as this is a regulation we are forced to show.
