I have been using zerodha for the last 7 years. As an fno trader I normally pledge mutual funds and then use the margin for trading. But sometimes when I want to move money between instruments available on Kite(BEES and LIQUID CASE) and MFs available on Coin, I find it pretty much annoying.
- Basically I have to book profits on one platform, get the credits in bank account and then buy on the other platform.
- This creates artificial entries in the bank account also.
- The performance curve on Kite is impacted by such redemption since money booked on mutual funds and then added to Kite account is not treated as a profit but as payin. Till now I have to manually raise ticket and get this corrected.
So with all these above issues in mind, why can’t the mutual funds be integrated into kite itself?