Prabhudas Lilladher vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
Prabhudas Lilladher vs Zerodha Account Opening Charges: 2024
| Charge | Prabhudas Lilladher | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹0 | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹250, free for 1st year | ₹300 per year |
Prabhudas Lilladher vs Zerodha Brokerage Charges and Plans : 2024
| Charge | Prabhudas Lilladher | Zerodha |
|---|---|---|
| Plan Name | N/A | Flat Brokerage Plan |
| Equity Delivery | 0.2% | ₹0 (Free) |
| Equity Intraday | 0.02% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | 0.02% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | 0.02% | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | 0.02% to 0.01% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹15 per Lot | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | 0.02% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Prabhudas Lilladher vs Zerodha Margin / Exposure: 2024
| Segment | Prabhudas Lilladher | Zerodha |
|---|---|---|
| Equity Delivery | N/A | 1x (no margin) |
| Equity Intraday | N/A | Up to 20x (based on the stock) |
| Equity Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |