Prabhudas Lilladher is an Indian stock market broker who has been working in the industry for many decades and has served numerous investors and helped them achieve their investment goals.
This article will be a comprehensive Prabhudas Lilladher Review which is dedicated to the investors and the traders seeking information about the firm and intricate details about the charges and other services before investing with the firm.
We will cover the brokerage charges, products and services, customer care, trading terminals, and many such details about the firm which would help you all to decide wisely.
|Prabhudas Lilladher Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs. 450|
|Margin Required||75% Margin|
What do you know about Prabhudas Lilladher?
Let us begin the Prabhudas Lilladher Review with the precise history of the firm – Prabhudas Lilladher. The firm started its journey in the year 1944 and it is one of the oldest stockbrokers in the country at present.
This firm was started by Arun Sheth and since then it is servicing the investors with all dedication. The firm is having its headquarters in the city of Mumbai and it is a private organization that is run by the directors of the firm itself.
Extensive years of experience make the firm aware of the needs of the investors and thus you can expect a lot of services from them.
|About Prabhudas Lilladher|
|Know a few details about Prabhudas Lilladher|
|Which type of Company is it? – Public / Private||Private|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of the Company Located?||Mumbai, Maharashtra|
|Who is the Founder of this Company?||Arun Sheth|
|When did the company start?||1944|
Open Demat Account Now – Fill up the Form Below
What are the various Demat Account Opening Charges levied by Prabhudas Lilladher?
Prabhudas Lilladher Demat Account is registered with the depositories namely CDSL and NSDL. You have to pay Rs. 0 for Prabhudas Lilladher Account Opening which is a little bit on the higher side as compared to the market and others charge less account opening fee.
However, provided the facilities it gives to the clients, the account opening can be justified. There is an annual maintenance fee as well for the Demat account and the trading account is completely free of this.
However, the maintenance fee for the Demat as you can see in the above table is also quite high. The margin of money to be kept in the trading account is also high compared to the market average.
|Prabhudas Lilladher Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Prabhudas Lilladher|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs 0|
|How much is the Demat AMC?||Rs. 450|
|What is the Trading AMC?||Rs 0|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||Yes|
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Does Prabhudas Lilladher provide any Offers to their Clients?
The Prabhudas Lilladher Offers are actually very lucrative and if you are thinking about the account opening fees being high as you read in the above section, then these offers will lessen them and can give you free accounts as well.
Offers like free Demat and free trading accounts are often rolled out by the firm and if you get those offers then you can open the account free of cost. The firm rolls out brokerage plans which are flexible at times provided some conditions and this can further reduce your cost of trading.
|Prabhudas Lilladher Offers|
|Here are the various offers provided by Prabhudas Lilladher|
|Does the broker provide a Free Demat A/C offer?||Yes|
|Does the broker provide Free Trading A/C offer?||Yes|
|Is this broker offers a Discount on Brokerage?||No|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||Yes|
|Does the broker offer 1-month Free brokerage?||No|
|Are the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss-Making Trades||No|
What are the Brokerage Charges levied by Prabhudas Lilladher on various Segments?
Prabhudas Lilladher Brokerage Charges are unbelievably low and if you look at the above you may get a happy shock.
The delivery segment brokerage is only 0.1% which is way lesser than the market average as well and the remaining segments have 0.01% as the brokerage as you can see in the table and to everyone’s surprise the brokerage for the options segment is only Rs. 20 and Rs. 10 for the equity and currency options respectively which is incredible.
You can trade and earn a lot more profit because of these low brokerage charges.
|Prabhudas Lilladher Brokerage Charges|
|Here you will find details of brokerage levied by Prabhudas Lilladher on all segments|
|What are the Equity Delivery Charges?||0.25%|
|What are the Equity Intraday Charges?||0.02%|
|How much brokerage charged for Commodity Trading?||0.01%|
|What is the brokerage on Equity Futures?||0.02%|
|How much brokerage charged for Equity Options?||Intraday: Rs 20 per lot | Carry Forward: Rs 20 per lot|
|What is the brokerage on Currency Futures?||0.02%|
|What is the brokerage on Currency Options?||Intraday: Rs 20 per lot | Carry Forward: Rs 20 per lot|
|How much is the Minimum Brokerage required?||Percentage of Transaction|
|What is the Demat AMC?||Rs. 450|
|How much is the Trading AMC?||Zero|
|What is the Minimum Margin Required?||75% Margin|
Does Prabhudas Lilladher levy any other charges apart from Brokerage?
While the brokerage charges are decided by the firm itself the other Prabhudas Lilladher Charges are mandatory and decided by the SEBI and government and the firm has nothing to do with it.
As you can see in the above table the transaction charge is the only thing that is different for each of the firms otherwise the other charges mentioned are all same.
|Prabhudas Lilladher Charges|
|Get a deep understanding of all other charges levied by Prabhudas Lilladher|
|How much are the Transaction Charges levied?||0.00330% of Total Turnover|
|What are the STT charges?||Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on the sell side (Non-Agri)
Commodity Options: 0.05% on sell-side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell-side
|What are the SEBI Turnover charges?||0.00005% (Rs.5/Crore)|
|How much is the Stamp Duty levied?||(On buy-side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)|
|How is the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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What is the Limit or Exposure offered by Prabhudas Lilladher?
Prabhudas Lilladher Margin is quite high as mentioned above but the Prabhudas Lilladher Exposure is low compared to the amount of margin charged by the firm. Not only that the exposure level is anyway less and many other brokerage houses provide high leverage.
The maximum leverage is 5 times for the equity intraday and options segments apart from that all other segments have 1 time of leverage which is quite low.
|Prabhudas Lilladher Exposure or Leverage|
|Here you will find the exposure or limit provided by Prabhudas Lilladher|
|How much is the limit on Equity Delivery?||1x|
|What is the limit on Equity Intraday?||Upto 5x|
|How much is the limit on Equity Futures?||1x|
|What is the limit on Equity Options?||1x|
|What is the exposure on Currency Futures?||1x|
|How much is the leverage on Currency Options?||1x|
|What is the limit on Commodity Trading?||1x|
How To Open Prabhudas Lilladher Demat & Trading Account?
To Open Prabhudas Lilladher Demat Account you have to follow the below-mentioned steps –
- There is a button here that says “Open Demat Account” which you have to click to click to get the form which is needed to be filled out for the application of the Demat account with the firm.
- Once the form is duly filled with all the details asked for, you have to submit the same. Make sure the details are correct – your name, address, age and occupation, and other details are required to be mentioned.
- Then you will get on to another page where you have to upload the scan copies of the documents asked for. There you have to upload those documents like PAN, AADHAAR, Income Proof and address proof, and other documents as mentioned there.
- Once you submit those documents after uploading, you will receive a call from the Prabhudas Lilladher executives and then they will verify your details.
- They will mail your login credentials for the account – trading and Demat once your verification is done and successful.
- To Open Prabhudas Lilladher Trading Account, there are no separate steps you need to follow, it is a two-in-one account and thus once you create a Demat account, your trading account will be automatically created.
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What are the various Trading Platforms provided by Prabhudas Lilladher?
There are all three Prabhudas Lilladher Trading Platforms which you can access once you have an account with them. There are Prabhudas Lilladher Mobile App, Prabhudas Lilladher Trading Terminal, and web-based trading platforms.
Prabhudas Lilladher Trading Terminal: Prabhudas Lilladher ODIN Diet
Prabhudas Lilladher Trading Terminal is ODIN Diet (FT) and it is no doubt one of the best trading terminals in the country at present and is used by millions of traders. The firm offers this platform to clients who trade heavily daily so that there are no time lags and they get the best of the trading experience.
Prabhudas Lilladher Mobile Trading App: PL Mobile App
The Prabhudas Lilladher Mobile Trading Platform is known as PL Mobile App which is one of the most used mobile trading application and it has features that are rare on the mobile platform and that helps in trading to a huge extent. The application is lightweight and the interface is super smooth.
Prabhudas Lilladher Web Trading Platform: PL Client Web Trading
Prabhudas Lilladher’s online trading platform is known as PL Client and it has one of the most responsive interfaces you will see ever in the industry. Online trading has been taken to another level with this platform and its features are unbelievably well-designed to give you a fine trading experience.
|Prabhudas Lilladher Trading Platforms|
|Here you will find all the important trading platforms available with it|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing a Web Trading Platform?||Yes|
|Do they have a Mobile Web Platform?||Yes|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in Prabhudas Lilladher Trading Applications?
Let us now discuss each of the platforms in detail –
Prabhudas Lilladher Trading Terminal: Prabhudas Lilladher ODIN Diet Features
- ODIN Diet no doubt has the best interface ever. You download it and install it and you are ready to trade.
- You get all the livestock market prices on your screen, customize the market watch list and track all your portfolio and stocks that you want to add or sell on one platform.
- There are charts, historical data, indicators, technical tools for analysis, and a lot more, that you can use for your research of the stocks and other instruments while investing.
- The payment gateways are super safe and secure
- There are various exchanges where you can trade using this one platform at a time.
- Multiple market watch is there so you can check the equities as well as the currencies at the same time.
- Lots of banks are associated with the accounts and the terminal provides a seamless transaction of funds making your trades smoother.
Mobile Trading App Prabhudas Lilladher: PL Mobile App Features
- This is an auto-customized application that depends on the internet connection speed
- You can set multiple market watches and check different asset classes at the same time and trade across various exchanges as well
- Real-time data and charting have been integrated
- Market scanners are available on the mobile platform which helps you to filter the stock you want to track easily and based on your portfolio
- Order placement is superfast with the platform and you can travel and trade as well as this application can be used at any place and anytime if you have an internet connection.
Prabhudas Lilladher Web Trading Platform: PL Client Web Trading Features
- No download, no installations
- The platform is highly customizable you can customize the platform as you want
- The online trading platform is loaded with features like technical indicators, charts, and market data both historical and real-time
- Within this one platform, you can access intraday calls, long and short-term calls as well
- Transferring funds using this platform is safe and easy, it has an association with more than 15 banks.
PL trading platforms are regarded as one of the best in the industry thus you can expect to have a great trading experience on them.
|Prabhudas Lilladher Trading Application Features|
|Here you will find various features available in Trading Platforms provided by it|
|Are these platforms capable of Real-time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Is this software providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||No|
|Are these platforms providing Research Reports?||No|
|Are these platforms Easy to Install & use?||No|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||No|
|Does this software provide Personalized Advisory?||Yes|
|Are these platforms capable of Interactive charting?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||No|
|Are they providing Email Alerts?||No|
|Do these platforms have Multi-Account Management solution?||No|
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What are the various Products provided by Prabhudas Lilladher?
The range of Prabhudas Lilladher Products is broader than most of the general stock brokers.
As you can see in the above table, the firm sells equities, currencies, futures, and options as the basic trading instruments but also cater to the need of clients who wants to trade mutual funds, and SIP investments and they also have insurance products which are not always found in a stock brokerage house.
So, under one roof, you are getting most of the financial instruments. This provides ease of trading and you can also diversify your portfolio and reduce your risk using the products.
|Prabhudas Lilladher Products|
|Here are the various products provided by Prabhudas Lilladher|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||No|
|Do they have Currency Trading products available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as a product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||Yes|
What are the various Services offered by Prabhudas Lilladher?
There are hardly any services that Prabhudas Lilladher Services doesn’t provide which are required by the traders.
They are not a banking institution, thus they do not have any three-in-one account and banking services, but apart from that, they provide all fundamental and high-end financial services.
Whether it is the Demat and trading services or the Robo Advisory services which are not found with many stockbrokers. If you want Portfolio management services, also they have them under their kitty.
|Prabhudas Lilladher Services|
|Check out the various services provided by Prabhudas Lilladher|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||Yes|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 5x|
Does Prabhudas Lilladher provide Research & Advisory to their clients?
The Prabhudas Lilladher Research services include company stock reviews, free stock tips to the clients, and also daily top picks in the market.
The team in the research department works hard to get the best possible opportunities from the market for its clients and PL EDGE which is the research segment of the firm is known to be one of the premier research services in the financial industry and especially in the stock market.
The Prabhudas Lilladher Advisory team is not behind and provides offline advisory and Relationship manager services as required by the client. The Prabhudas Lilladher Tips provided by the research department can be accessed on the trading platforms themselves.
|Prabhudas Lilladher Research, Advisory & Stock Tips|
|Here are the various research activities are done by it|
|Does the broker share Fundamental Reports?||No|
|Does the broker share Research Reports?||Yes|
|Do they provide Company Reports to their clients?||No|
|Are they analyzing the Annual Reports of Companies?||No|
|Do they share Company Stock Reviews?||Yes|
|Are they sharing Free Stock Tips with their clients?||Yes|
|Do they analyze & share IPO Reports?||No|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||No|
|Do they have Monthly Reports?||No|
|Does the broker provide Weekly Reports?||No|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Managers to clients?||Yes|
What are the Customer Care details of Prabhudas Lilladher?
Prabhudas Lilladher Customer Care is available for customers, day in and day out. They are there to assist you regarding any kind of offline trades and online trades. they also have a dedicated dealer service to assist the clients.
|Prabhudas Lilladher Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated dealers to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||No|
|How many Branches the stock broker has?||35|
Are there any Complaints filed against Prabhudas Lilladher by their clients?
The number of Prabhudas Lilladher Complaints registered in the NSE and BSE last year was very few compared to the active client base, it was next to nil. The numbers given above as you can see are only 3 and 5 on the two exchanges and they were resolved in the same year only.
|Prabhudas Lilladher Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||3|
|How many of these complaints have been Resolved in BSE?||3|
|What is the total number of Complaints Lodged in NSE?||5|
|How many of these complaints have been Resolved in NSE?||5|
What Are The Advantages / Benefits Of Prabhudas Lilladher Trading Account?
The benefits of Prabhudas Lilladher Trading Account are –
- Exceptional trading platforms – you get to trade using one of the best trading platforms in the industry.
- The research and advisory department of the firm is one of the most sought-after and reckoned for its exceptional services
- You get the cheapest brokerage ever from this firm
- The products and services list is never-ending
- It has huge experience in the industry and has been developing products and services for the betterment of the customers.
What are the Prabhudas Lilladher Reviews & Ratings as per their Customer?
The Prabhudas Lilladher Rating depicts that the firm is doing fairly well and it can be improved as well. However, the Prabhudas Lilladher Review which is given by the customers suggests that they want the better type of products and a little bit of innovation in the trading platform as well.
|Prabhudas Lilladher Ratings & Reviews|
|We are looking at Companies’ Ratings on various parameters|
|Stock Market Research & Broking Advisory||6.2/10|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||6.2/10|
|Types of Products & Services the Brand provides||6.1/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||6.3/10|
|Experience in the Broking Business||6.4/10|
|Total Avg. Rating of Broking House||6.2/10|
|Star Rating is given to Stock Broker||★★★☆☆|
|Number of People Contributed to These Ratings||215|
Prabhudas Lilladher Conclusion
Prabhudas Lilladher is one of the premier stock brokerage houses in the industry with a huge network. This Prabhudas Lilladher Review can be concluded by suggesting that the firm is great at certain aspects like the brokerage is super affordable and there are also some aspects that need to be looked after like the exposure level.
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