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do not open your trading a/c with motilal oswal as they are careless and their research team is worst. they make promises and do not fulfil them.. i m having 8 a/cs with them invested Rs.4.50 lacs and now within 6 months the balance is hardly Rs.3000.00 their dealers only for incentive purpose they will make you promises even when the balance is going in negative side there is aggresive trade from the dealers ..hopeless brokers. not fit to be in market they are looting their clientele as wellas their dealers are advising to close a/cs in motilal oswal and to open a/c with other brokers where they are sub brokers..