Difference in the method for calculating Average Buy Price (ABP):
On IIFL, the ABP is calculated using FIFO (first in, first out) for tax liability
On smallcases, the simple average method is adopted for accuracy purposes
Stocks in smallcases sold directly on broker platform:
When you sell stocks in your smallcases directly on IIFL, the same doesn't get updated in your smallcases. Hence, causing mismatch in holdings and returns.
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