Prabhudas Lilladher vs Wisdom Capital 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 Wisdom Capital

Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.

Wisdom Capital: An Overview

A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.

Wisdom Capital provides 3 different brokerage plans:

  1. Freedom Plan

  2. Pro Plan

  3. Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)

However, the biggest attraction is its

Prabhudas Lilladher vs Wisdom Capital Account Opening Charges: 2024

ChargePrabhudas LilladherWisdom Capital
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹0
Trading Account AMC₹0₹0
Demat Account AMC₹250, free for 1st year₹999 (Lifetime Account)

Prabhudas Lilladher vs Wisdom Capital Brokerage Charges and Plans : 2024

ChargePrabhudas LilladherWisdom Capital
Plan NameN/AUltimate Plan
Equity Delivery0.2%0.007%
Equity Intraday0.02%0.007%
Equity Futures0.02%0.005%\t
Equity Options0.02%₹ 15/Lot
Currency Futures0.02% to 0.01%₹9 per executed order
Currency Options₹15 per Lot₹9 per executed order
Commodity Options0.02%0.005%
Mutual FundN/AN/A

Prabhudas Lilladher vs Wisdom Capital Margin / Exposure: 2024

SegmentPrabhudas LilladherWisdom Capital
Equity DeliveryN/A5x to 40x (as per brokerage plan)
Equity IntradayN/A5x to 40x (as per brokerage plan)
Equity FutureN/A5x to 20x (as per brokerage plan)
Equity OptionsN/A5x to 40x (as per brokerage plan)
Currency FutureN/A4x to 15x (as per brokerage plan)
Currency OptionsN/A4x to 15x (as per brokerage plan)
Commodity FutureN/A5x to 20x (as per brokerage plan)
Commodity OptionsN/AN/A

Prabhudas Lilladher vs Wisdom Capital Currency Charges and Plans: 2024

Prabhudas Lilladher charge 0.02% to 0.01% for Currency Futures and ₹15 per Lot for Currency Options whereas Wisdom Capital Charges ₹9 per executed order for Currency futures and ₹9 per executed order for Currency options.

Prabhudas Lilladher vs Wisdom Capital Commodity Charges and Plans: 2024

Prabhudas Lilladher charge 0.02% for commodity and Wisdom Capital charge 0.005% for commodity.
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