Zerodha Part 2

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murthyavr

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#1,301
#1,301
comm4300 said:
while we wait for Sachin to respond. Here's what i did to close my ILFS demat account.
  • I emailed Zerodha about closer of demat only. The responded asking me to contact ILFS via email - [email protected]
  • I emailed ILFS asking for procedure and also if any amount was due.
  • Received reply from ILFS with a pdf a/c closure document and the due amount.
  • I paid the due online. Emailed the screenshot of payment and asked them to update the same. Got response that the same was done.
  • Then I took print out of closure form; couriered it to Mumbai with Attn: the name of person who responded to my emails.
  • Followed up with courier details.
  • Again in couple of days, emailed asking if they received my courier and if the a/c was closed. Received email confirmation.
  • Checked Zerodha BO and the demat details were still showing.
  • Forwarded ILFS email to zerodha informing about demat a/c closure and that the same needs to be removed from BO.
  • Got confirmation from zerodha in couple of days and the same has been updated in my BO.

Again to make sure ILFS did their job and there won't be unnecessary "charges" in the future...i tried to login to ILFS site - and got confirmation that my a/c is closed....

Hope it helps.
Click to expand...


omg!

Getting out is not as easy as getting in !!
 
megapixel

megapixel

Well-Known Member
#1,303
#1,303
IL&FS has updated my a/c balance ....now they have a due to me !! .....They have updated a/c suddenly after 6 months and bill to be paid is -negative now :)


But real trouble is ...Delivery trading with Zerodha is not recommended ....reason is ... they don't have facility to generate Profit/Loss Report for Equity Segment in their backoffice software :annoyed:

You'll never know whether you are in profit or loss in Delivery trading with Zerodha....also will be inconvenient for tax calculation later....We don't have time to purchase separate tools and generate these reports externally from ECN.....normally all broker's provides P/L reports........Zerodha should seriously think about upgrading their back office.



Zerodha To Do List
-------------------
Zerodha Trader HTML version. - [medium priority]
Zerodha Mobile Platform. - [highest priority]
Zerodha Bracket Order facility for Equities. - [medium priority]
Zerodha BackOffice upgrade - [highest priority]

I don't think Zerodha would require a NSE approval for last one ....its a long pending work by Zerodha
 
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comm4300

Well-Known Member
#1,304
#1,304
megapixel said:
...Delivery trading with Zerodha is not recommended ....reason is ... they don't have facility to generate Profit/Loss Report for Equity Segment in their backoffice software :annoyed:

You'll never know whether you are in profit or loss in Delivery trading with Zerodha....also will be inconvenient for tax calculation later....We don't have time to purchase separate tools and generate these reports externally from ECN.....normally all broker's provides P/L reports........Zerodha should seriously think about upgrading their back office.
Click to expand...
while Zerodha adds this to their "to-do" list: here's what i do to manage my brother's account [long only - buy and hold strategy] :
every time i buy a stock - i update the same at valueresearchonline.com
you have to be registered on the site [free] to create your portfolio;
once registered you can add stock purchase + mutual fund purchase.
The good thing about this is that the portfolio tracker has many featuers - like gain loss on daily basis/portfolio weightage [mid/small cap/largecap]; capital gains etc....

a little extra effort- but worth it for me.....


hope you guys like it too....
 
timepass

timepass

Moderator
#1,305
#1,305
How much margin (please state the approximate amount) is required to sell options in USDINR ? At present USDINR Nov futures are at 54.83. Suppose I wanted to sell USDINR 54.75CE at Rs. 1; how much margin would be required for it ? Also, what will be the order type ?
 
kumudhan

kumudhan

Well-Known Member
#1,306
#1,306
kumudhan said:
i am having problem in cover order.say i place a cover order buy when banknifty is 11540 with a sl of 11500.the buy triggered at 11540. and i can see my sl order at 11500 in order book.in the order book when i try to modify i can modify the sl cover order to any rate between 11500 to 11540.say now the rate is 11580.now i want to trail the sl order.when i modify the sl oder to any rate above my buy price 11540 the order is accepted but when i check the order book again only the order i placed which is below 11540 is there.that is when i want to trail my sl to 11560, the order is accepted but when i check the order book again only the order i placed which is below 11540 is there. even when i tried to trail my sl to 11540.10 too, the order is accepted but when i check the order book again only the order i placed which is below 11540 is there.when contacted zerodha customer care, they asked me to click on EXIT in the order book.when i do that the position is sold at 11580.now i cant book the upward movement if the rate goes to 11600.if any traders experience this? sachin pl clarify this and dont neglect this problem as usual you doing to my user id..
Click to expand...
still waiting....
 
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