I have applied for a trading a/c with Motilal Oswal as part of SBI’s demat service eZTrade@SBI and got the trading a/c after 12 days.
But, they do not provide onlone IPO/Mutual fund buying facility to SBI’s eZTrade customers having ONLY trading a/c with them. Means they behave step-motherly to SBI customers. I have been cheated myself by opting for this service :( Now, when every brokerage firm offers online trading of IPOs/MFs they do not provide such service to all.
I’ll NOT RECOMMEND this to anyone.