It is a transparent platform where any equity analyst, short term or long term, can prove his expertise by making stock picks. We monitor the performance of these picks and use a sophisticated rating system to identify top performers.
(PRWEB) June 17, 2010
It’s not a news that India is one of the best emerging markets to invest your buck. Its stock market is consistently delivering double digit growth, unparalleled in mature markets. With its growing equity markets and a vibrant startup community, an innovative Indian startup, moneyvidya.com, is finding a niche by applying web 2.0 crowd sourcing techniques to the art of stock picking.
“Consider it India’s Motley Fool CAPS”, said Mr. Gautam Kshatriya, CEO & co-founder of moneyvidya.com. “It is a new public platform where any equity analyst whether short term or long term, can prove their expertise by making stock picks i.e. stock tips. The website monitors the performance of these picks and uses a transparent rating system to identify the best performers”, he added.
Members of the moneyvidya community can see the performance track records of every analyst on the website, assessed across a number of dimensions including profitability, reliability and risk. Community members ‘follow’ the analysts of their choice depending upon their investment horizon & risk appetite, getting access to all their latest stock tips, on the website, via e-mail and SMS. Moneyvidya has stock picks across all categories viz. intraday picks, short term trading calls & long term investment advices.
The company recently launched its Beta website and has already attracted 15,000 members. The service is currently free but the company has plans to launch a paid version soon, with a portion of the revenue to be shared amongst the top performing analysts.
“Their motto is ‘Performance matters’. Performance of your stock picks matters, not where you work, nor your college degree”, said Mr. Arun Mukharjee, one of the top analysts at Moneyvidya. “Although anyone can try to become a rated analyst on moneyvidya, the performance requirements are stringent and as a result the top spots are mainly occupied by market professionals; analysts, small brokers, independent PMS providers and professional tipsters”, added Gautam.
To date the performance of moneyvidya’s top analysts is certainly impressive. As of June 1st, the top 5 analysts included one day trader, three short term traders and one investor. These analysts alone have a success rate of close to 80% and have on average beaten the Nifty index by over 4% per month consistently.
Moneyvidya.com is currently approaching investors to grow its business further.
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