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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