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
| Charge | Prabhudas Lilladher | IIFL 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
| Charge | Prabhudas Lilladher | IIFL Securities |
|---|---|---|
| Plan Name | N/A | Flat Plan (FBP) |
| Equity Delivery | 0.2% | 0.50% |
| Equity Intraday | 0.02% | 0.05% |
| Equity Futures | 0.02% | 0.05% |
| Equity Options | 0.02% | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | 0.02% to 0.01% | 0.05% |
| Currency Options | ₹15 per Lot | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | 0.02% | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Prabhudas Lilladher vs IIFL Securities Margin / Exposure: 2024
| Segment | Prabhudas Lilladher | IIFL Securities |
|---|---|---|
| Equity Delivery | N/A | Upto 3x |
| Equity Intraday | N/A | Upto 20x |
| Equity Future | N/A | Upto 3x |
| Equity Options | N/A | Upto 3x |
| Currency Future | N/A | Upto 2x |
| Currency Options | N/A | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |