ICICI Direct vs Prabhudas Lilladher Comparison: 2024
About ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
About Prabhudas Lilladher
Have you heard or read about "Prabhudas Lilladher Pvt.Ltd." a popular stock broking firm in India.
PL India: Formation & Glimpse
Shahrukh Khan is a legend in the Indian film industry. We all know his name and movies irrespective of our age and liking. Did you know that there are legendary pioneers in financial markets as well?
That brings us to today’s topic, "Prabhudas Lilladher".
Let us start by answering the first question: Who is Prabhudas Lilladher?
Prabhudas Lilladher or more popularly known as PL India is one of the oldest stockbroking houses in India. The company was registered in the year 1944 by Prabhudas Lilladher as a stock broking company in India.
But, over the years the company has seen a gradual growth and expanded to become a one-stop-shop for companies all financial needs.
The company’s headquarters is at Mumbai but it has spread its presence in over 30+ cities of India.
Moreover, PL India is
ICICI Direct vs Prabhudas Lilladher Account Opening Charges: 2024
| Charge | ICICI Direct | Prabhudas Lilladher |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹250, free for 1st year |
ICICI Direct vs Prabhudas Lilladher Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Prabhudas Lilladher |
|---|---|---|
| Plan Name | I-Secure Plan | N/A |
| Equity Delivery | 0.55% | 0.2% |
| Equity Intraday | 0.275% | 0.02% |
| Equity Futures | 0.050% | 0.02% |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | 0.02% |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | 0.02% to 0.01% |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹15 per Lot |
| Commodity Options | N/A | 0.02% |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Prabhudas Lilladher Margin / Exposure: 2024
| Segment | ICICI Direct | Prabhudas Lilladher |
|---|---|---|
| Equity Delivery | 5x | N/A |
| Equity Intraday | Upto 25x | N/A |
| Equity Future | 4x | N/A |
| Equity Options | 2x for shorting | N/A |
| Currency Future | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |