hi Gambler,
"scriptwise" means do we need to give details of each and every trade? That would be huge task... Or just scriptwise profit/loss? Then how would they trust that its correct? Have been trying to understand this but unable... Even asked TSO chat but they said that its available in Backoffice... And in Backofifice they dont give sriptwise PnL. So how to deal with this?
You can get scrip wise profit or loss summary from back office. Check again.
Scrip wise doesn't mean each and every trade. It's "scrip wise" not "trade wise".
Eg: If you have traded NIFTYFUTAUG16 100 times, difference between buy average price and sell average price multiple by total quantity traded will give you scrip wise profit or loss.
This (scrip wise) is not the right way to calculate turnover, but this is what our broker gives. The right way is to calculate trade wise. (Zerodha claims they are giving trade wise summary).
Why scrip wise is not right?
Say, you buy 1 lot NIFTY FUT @ 8600, market moves in your favour you add one more lot @ 8700. Now market drops, you sell both the lots @ 8650.
Scrip wise calculation would give you turnover as "0" (buy average price 8650, sell average price is 8650 i.e. 8650-8650 = 0). How can there be a zero turnover after transactions have taken place?
Trade wise calculation would give you turnover of 7500
(8650-8600 = Profit of 50 points i.e, 3750
8650-8700 = loss of 50 points i.e, -3750)
Turnover is equals to sum of profits and losses