Zerodha Selling Stocks in Quantity

Zerodha
1

Imagine I have 1000 quantity of stocks for INFOSYS purchased in this manner (CNC)

  • 300 stocks on 1st Jan purchased at Rs 1400 per stock
    300 stocks on 1 Feb purchased at Rs 1500 per stock
    400 stocks on 1st March purchased at Rs 1600 per stock
    Now if I sell 400 which one would be sold first?
    Is it Last in First Out i.e., LIFO or First in First Out, i.e., FiFO?
2

Stocks in your demat account are sold on FIFO (First In First Out) basis.

3

So according to you, 300 stocks on 1st Jan purchased at Rs 1400 per stock will be sold first.
Am I right?

4

Yes, this is right.

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