Prabhudas Lilladher vs IDBI Direct Comparison: 2024
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
About IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Prabhudas Lilladher vs IDBI Direct Account Opening Charges: 2024
| Charge | Prabhudas Lilladher | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹250, free for 1st year | ₹450 p.a. |
Prabhudas Lilladher vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | Prabhudas Lilladher | IDBI Direct |
|---|---|---|
| Plan Name | N/A | Standard Plan |
| Equity Delivery | 0.2% | 0.50% |
| Equity Intraday | 0.02% | 0.05% |
| Equity Futures | 0.02% | 0.05% |
| Equity Options | 0.02% | ₹100 per lot |
| Currency Futures | 0.02% to 0.01% | N/A |
| Currency Options | ₹15 per Lot | N/A |
| Commodity Options | 0.02% | N/A |
| Mutual Fund | N/A | N/A |
Prabhudas Lilladher vs IDBI Direct Margin / Exposure: 2024
| Segment | Prabhudas Lilladher | IDBI Direct |
|---|---|---|
| Equity Delivery | N/A | Nil |
| Equity Intraday | N/A | Upto 4x |
| Equity Future | N/A | Nil |
| Equity Options | N/A | Nil |
| Currency Future | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |