Prabhudas Lilladher vs Paytm Money 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 Paytm Money

The best part about Paytm Money is in the fact that it carries the brand name Paytm. Now while that provides a huge advantage from a branding perspective, whether it is enough from a functional perspective, we’ll see.

Paytm Money: An Overview

Paytm Money is a mutual fund trading app, facilitating payments through net banking, UPI, OTM. However, it launched its discount broking wing sometime back and is planning to expand its user base towards the stock investors and traders. Paytm Money’s target market happens to be one of the largest population demographics, i.e the young and middle aged. With Paytm Money, the company joints it’s easy to use interface with quality and service standards set by Paytm.

All this while it ventures into the mutual fund app space and further diversifying into the stock broking services in India. Paytm is an Indian company, funded by Alibaba and backed by Ratan Tata

Prabhudas Lilladher vs Paytm Money Account Opening Charges: 2024

ChargePrabhudas LilladherPaytm Money
Demat Account Opening Charges₹0₹0 (Free)
Trading Acc Opening Charges₹0Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹250, free for 1st yearAnnual Platform Fees of Rs.300

Prabhudas Lilladher vs Paytm Money Brokerage Charges and Plans : 2024

ChargePrabhudas LilladherPaytm Money
Plan NameN/ABasic Plan
Equity Delivery0.2%₹0
Equity Intraday0.02%0.05% of turnover or ₹10 whichever is lower
Equity Futures0.02%0.05% of turnover or ₹10 whichever is lower
Equity Options0.02%0.05% of turnover or ₹10 whichever is lower
Currency Futures0.02% to 0.01%0.05% of turnover or ₹10 whichever is lower
Currency Options₹15 per Lot0.05% of turnover or ₹10 whichever is lower
Commodity Options0.02%0.05% of turnover or ₹10 whichever is lower
Mutual FundN/AN/A

Prabhudas Lilladher vs Paytm Money Margin / Exposure: 2024

SegmentPrabhudas LilladherPaytm Money
Equity DeliveryN/AUpto 4x
Equity IntradayN/AUpto 20x
Equity FutureN/AUpto 3x
Equity OptionsN/AUpto 5x
Currency FutureN/AUpto 2x
Currency OptionsN/AUpto 3x
Commodity FutureN/AUpto 3x
Commodity OptionsN/AN/A

Prabhudas Lilladher vs Paytm Money Currency Charges and Plans: 2024

Prabhudas Lilladher charge 0.02% to 0.01% for Currency Futures and ₹15 per Lot for Currency Options whereas Paytm Money Charges 0.05% of turnover or ₹10 whichever is lower for Currency futures and 0.05% of turnover or ₹10 whichever is lower for Currency options.

Prabhudas Lilladher vs Paytm Money Commodity Charges and Plans: 2024

Prabhudas Lilladher charge 0.02% for commodity and Paytm Money charge 0.05% of turnover or ₹10 whichever is lower for commodity.
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