Migrating out of Zerodha

I have tried to fully migrate out of Zerodha – but have not been able to due to the following 2 reasons.

Say you’re holding a stock in your Zerodha account, and you’ve purchased it on 5 different dates, and at 5 different prices, and some of the purchases are earlier than 1 year making them LT, while some are within one year making them ST.

Now, if you transfer the holding to another broker, then the new broker will permit either of the two:

1. It will let you add one average price, but will take the transfer date as the buying date. Here, you can only maintain your avg price, and all your holdings will show as bought on the transfer date, making them all ST.
2. It will let you manually add one average price and one date.

There is no broker that I have come across, which will let you add the 5 different dates & 5 different prices, thereby making the holding reflect the factual and same data as it would have in the original demat account.

This means one has to maintain everything on excel for the CA, for ST/LT gains, and one cannot rely on the new brokers auto-reports which will be generated from the dashboard.

Funnily, Zerodha is the only broker that does actually permit manual addition of individual quantities/dates/prices.

Equity only – zero F&O.