Where is the Indian fool.com ?
If one were to list the top three things on the minds of Indians, the answer would be unanimous:
Cricket, Bollywood and the blazing hot Indian stock market.
With the stock market going from 17k to 18k within just a week, anyone and everyone wants a share of the pie..And I wouldnt be surprised if the stock market is at the forefront of everyone’s thoughts.
And while there are several hundreds of websites covering dedicated to Bollywood and cricket, there’s hardly any quality site - portal out there that focuses on personal finance - stock investment in India. No, I’m not implying stock trading account websites. I’m looking for the equivalents of the Fool.com, MarketWatch, TheStreet.com etc.
MoneyControl and ShareKhan are the main two sites that come to mind. Apparently, MoneyControl messageboards are very popular - but one look at the section and you can clearly notice that the only reason they’re popular is because of the lack of an alternative. The messageboards are ugly and cumbersome to navigate.
I couldnt believe that there wasnt one good personal finance related site in India. So, I decided to check with a few folks if I was missing anything obvious. And I was dumbfounded whey they seemed to concur - Moneycontrol and ShareKhan were the best of the breed.
I wonder why the Reliances and the Rediffs are busy creating the BigAddas and the iShares — when such an obvious opportunity lies untapped.
Boy — if I had the resources, I’d go for it in a blink of an eye.
October 12th, 2007 at 12:28 am
Indian people are Reasonable as you might know what it means from Un-Reasonable, here it goes:
“Reasonable men adjust themselves to their environment. Unreasonable men attempt to change their environment to suit themselves. Therefore all progress is the work of unreasonable men.” - George Bernard Shaw”.
If that [ur problm] happened in Silicon Valley, then we could have seen it within span of 3 to 6 months.
Very least people like you find such problems and will create products for struggling people.
So very least people became Entrepreneur because they Stumbled upon problem like you and brought that idea to fruition.
You will Stumble upon idea only if you are in motion.
Those who are desperate to become Entrepreneur develop mee too product with some polishing features.
Only True entrepreneurs are those who Stumble Upon problem and produce solution to that.
Stumble Upon products: Google, Youtube, PC by Apple WoZ, eBay, DIGG, iFood.tv etc.
Keep inspiring.
October 12th, 2007 at 10:01 am
Pranav,
check out http://www.way2wealth.com..this is another player in the similar market segment…
October 13th, 2007 at 2:53 am
There is a new portal for trading in Rejects, Seconds and Used Items. It has various sections, B2B, B2C, C2C and C2B to suit Business and Consumers.
Unlike other auction or bidding sites, it comes with unique concept of one-to-one interation between buyer and seller.
Good Innovative Idea, have a look.
October 14th, 2007 at 7:57 am
Hi Pranav,
Your article was quite interesting and I am glad to share my idea with you here and also my analysis of the present environment in India for entrepreneurship and the internet. There are some websites in India that have quality stuff like kotaksecurities,netashare (both have fundamental data for analysis but are lacking comprehensive portals, and then there are sites like myiris.com which is quite comprehensive but lacking user involvement. Sharekhan and Moneycontrol are undoubtedly the best because they are the only ones concentrating on this segment (i.e.Stock markets,finance).Now We at Myshareprice have started the development of an integrated portal providing all the features under a single roof and also a few other unique features developed exclusively by us for the Indian investors. The website will be ready for launch by mid-July 2008 (the delay is due to 2 reasons-1.My own personal career[i am studying for my CA Finals due in May 2008 and that is why the idea is on hold], and 2.Lack of finance [i do not have the necessary capital to build the website from scratch as I have no funds right now but hope to have them next year after i get my degree which will help me in obtaining the funds.]The reason for the non-existence of such a site in India is because the returns from such a venture may not materialise and even then it may not be worth the risk.Even then it has always been my personal dream to bring together a large number of genuine retail investors under one umbrella and that is why i seek to implement this idea regardless of financial consequences in the short term.
Therefore you are the first stranger who knows of our idea before launch. ANy inputs will be appreciated. My email id is kediaavik at gmail.
Thank You.
October 17th, 2007 at 5:14 am
Folks,
Good post. There is a big need in this space. Our inspiration was fool.com and the lack of an investor focused personal finance portal in India. We are in stealth mode and will be launching soon…see you in 2 months.
Mamtha
October 17th, 2007 at 11:06 pm
Good luck Mamtha,
Keep us posted about the developments.
October 28th, 2007 at 5:16 am
Huge opportunity here. If I had the time, I’d venture into this space. People want a way to educate themselves through one source before hitting the market. Think content!
October 29th, 2007 at 3:43 am
There is one site which tries to bring social networking features to stock market - http://imidaas.com. You can share news, predictions and recommendations about Indian stock market on this site. Still under beta testing. Let us know how can we improve this site.
March 31st, 2008 at 2:22 am
We’ve started a portal at http://www.moneyoga.com. It’s specifically for the stock market and more about analytics and stock derivatives (futures and options). Not quite a fool.com, because we aren’t into personal finance per se - but focussed on equity investing.
August 19th, 2008 at 11:48 pm
Well said. After having made rounds of various websites i bumped into two of them that fit your description. They are stocksbuddy.com and sabfreehaimamu.com. I am not sure if they belong to one and the same company, but there seems to be some tie-up between them. Both serve different user community and have definitely caught the attention of indian public as i noticed their alexa rankings seem to have shot up in the last few months.
mahesh
mumbai
September 2nd, 2008 at 5:52 am
We have recently started providing share tips on http://www.appuonline.com. Its still in BETA phase, and we are planning to make it user driven. We are going to provide equity analysts an entry gate to register thesmelves as analysts on appuonline.com and provide intraday tips, delivery picks etc, to be displayed on http://tips.appuonline.com. Investors visiting the site reserve the right to use these tips, share their comments on the tips, rate the analysts and discuss their opinions, raise questions on tips, market scenario etc.
Any suggestions, feedback will be really appreciable.
Thanks,
Nikhil
http://www.appuonline.com