Tuesday, June 17, 2008

Manage your wealth with Moneycontrol.com

Moneycontrol.com, promoted by CNBC is one of the leading financial management portal in Indian internet space. It provides an extensive coverage of financial world covering detailed news and analysis, updates from financial markets, mutual funds, portfolio management and a host of tools to manage your personal financial planning. It has built a wider audience base by addressing the needs of a novice well as aiding a financial geek in managing his day-to-day financial activities. Some of the key features include:
1. In depth market analysis
2. Detailed information regarding upcoming IPOs
3. In depth coverage of various mutual funds
4. A number of tools including online portfolio manager, retirement planner, Market watch, tax calculator, insurance planner etc.
5. Wealth management articles and resources categorized around financial cycle of plan - invest - spend - study and work.

The most appealing feature is a completely dedicated section on "Investment for Beginners" called pehla kadam. In addition to host of articles and tools, it provides you with a FREE STOCK SIMULATION game. You can define your strategy, buy and sells stock online (of course in the form of a simulation) based on real time feeds before you actually get started with real trading (try Pehla Kadam). Interestingly, you can see the top online investors and the value that they have been generating on a daily, weekly or monthly basis. You also win weekly prizes for showing your financial prudence in the virtual world.

I must say this is an excellent strategy which has all the elements of web stickiness that would bind the user to moneycontrol.com. If you have not ventured into stock markets so far, moneycontrol.com provides you with a perfect ground zero platform to hone up your skills.

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