Client's Equity Basket current value and Broker values don’t match, how is this possible?

Client's Equity Basket current value and Broker values don’t match, how is this possible?

The difference in the method for calculating Average Buy Price (ABP):

·         On the broker platform, the ABP is calculated using FIFO (first in, first out) for tax liability

·         For Equity Basket, the simple average method is adopted for accuracy purposes

 

Stocks in Equity Baskets sold directly on broker platform:

·         When the client sells stocks in Equity Baskets outside Fintso, the same doesn't get updated in client portfolio maintained on Fintso, hence, causing mismatch in holdings and returns.


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