The T1 in Zerodha holding is of those shares which you have bought but the delivery of such share is pending, meaning it has not come to your demat account.T2 holdings are holdings which you have received in your demat account. India has T+2 settlement cycle, meaning, if you buy shares on Tuesday, those share come to your demat account on Thursday.once the shares hit your demat account, such holdings are shown below T2, until such time that it hits your demat account, shares appear under T1 holdings.
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