This would be great for separation of investment goals, however if 2 Demat accounts is not possible, even if zerodha could provide a “theme” or “profile” type of separation within the same account, it would work. So for e.g. I could create 2 themes - 1 for swing, 1 for investments - and Kite can show me the holdings separately under each theme, even though at the backend they’re both on the same demat account, just categorized differently for display purposes, alternatively repurpose the tags for something like this?
This feature would be fantastic!
Nithin sir , please add tags to holdings page also.
thanks for sharing this, I didn’t know the reporting capabilities behind the tags feature, will check it out!
Yeah, we have added this to our list of things to do.
@TheGouda @Ruchi_Porwal can update here once we have a timeline.
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With Console Tag feature FIFO is still applicable. right ?
Does SEBI or Exchange allow brokers to open two demat for same PAN card ?
I have the same question what will happen if I purchase a share at Rs. 100 for the long term and later purchase the same shares at 110 but this time for swing and then sell these shares at 140 (the ones I bought for swing) what will be STCG? 140-100(FIFO) or 140-110?
Yes, two demats are allowed, and Yes FIFO is used for Console tags. So the only way to separate is to have an alternative demat account where the long-term stock holdings can be moved to.
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Hi, when can we expect this 2 demat accounts thing ??? how long it may take??
thank you.
We’re already working on a couple of new features on Console. Dual demat is on our list of things to do; it will take some time.
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Sir what of we can sort in same demat account
Like short term, long term and maybe trader’s segments
So we can FIFO it with that respective segment itself than whole demat level.
I know it’s very complex…but is this an possibility to go. We really love your platform. I myself opened 12 account’s in my friends and family to use zerodha.
This is not allowed by Income Tax rules. So this is not something Zerodha can do. As per tax rules, FIFO applies at the demat account level. So the credits and debits to any one demat account, will have to be accounted using FIFO for tax computation.
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But this will not solve the averaging, LTCG and STCG problem…
Letting customers have two demat accounts will solve this problem
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Hello sir, Is there is any update …?
We were working on a new dashboard, Insights and XIRR which have been taken live on Console. Secondary demat is now work in process. We’ll update once it is available.
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Just Don’t Charge us 2x i.e., Rs. 600 p.a. for secondary demat maintenance