Prabhudas Lilladher vs IIFL Securities 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 IIFL Securities

IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.

In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.

India Infoline Securities: Overview

IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the

Prabhudas Lilladher vs IIFL Securities Account Opening Charges: 2024

ChargePrabhudas LilladherIIFL Securities
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹750
Trading Account AMC₹0₹0
Demat Account AMC₹250, free for 1st year₹400 per year

Prabhudas Lilladher vs IIFL Securities Brokerage Charges and Plans : 2024

ChargePrabhudas LilladherIIFL Securities
Plan NameN/AFlat Plan (FBP)
Equity Delivery0.2%0.50%
Equity Intraday0.02%0.05%
Equity Futures0.02%0.05%
Equity Options0.02%1% of Premium or ₹100 per lot, whichever is high
Currency Futures0.02% to 0.01%0.05%
Currency Options₹15 per Lot1% of Premium or ₹100 per lot, whichever is high
Commodity Options0.02%Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high
Mutual FundN/AN/A

Prabhudas Lilladher vs IIFL Securities Margin / Exposure: 2024

SegmentPrabhudas LilladherIIFL Securities
Equity DeliveryN/AUpto 3x
Equity IntradayN/AUpto 20x
Equity FutureN/AUpto 3x
Equity OptionsN/AUpto 3x
Currency FutureN/AUpto 2x
Currency OptionsN/AUpto 2x
Commodity FutureN/AUpto 3x
Commodity OptionsN/AN/A

Prabhudas Lilladher vs IIFL Securities Currency Charges and Plans: 2024

Prabhudas Lilladher charge 0.02% to 0.01% for Currency Futures and ₹15 per Lot for Currency Options whereas IIFL Securities Charges 0.05% for Currency futures and 1% of Premium or ₹100 per lot, whichever is high for Currency options.

Prabhudas Lilladher vs IIFL Securities Commodity Charges and Plans: 2024

Prabhudas Lilladher charge 0.02% for commodity and IIFL Securities charge Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high for commodity.
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