Overview

• The broker enabled customers to open an additional demat directly in Kite via an Aadhaar-linked online flow, with typical activation within 72 working hours.
• Under India’s FIFO rules, treating each demat separately can simplify capital-gains calculation and help avoid unintended short-term taxes.
• Transfers between accounts incur ₹13 plus GST and introduce a delay, creating friction that makes long-term holdings less instantly liquid.
• Each demat carries an annual maintenance charge of ₹300 plus 18% GST, with BSDA benefits reported as not available for the secondary account.
• Kamath said he previously kept long-term investments in an offline demat and credits the separation with delivering his best returns.