Money Vidya is an awesome new startup in the Indian social stock picking market. Once you sign up for the service, you start picking stocks and build your virtual portfolio (No real money is involved). You can pick stocks based on the stock trend and also factor in member ratings and sentiment. Based on how your portfolio performs and how many top performing stocks you picked, you earn karma points – or a member rating.
As per Gaurav, founder & CEO, their member rating system is uniquely tailored to track performance of the investment advice over a period of time in terms of return & risk (example – if I pick buy RIL for 2 months, the rating system takes into account return-risk over this 2 month period). Higher member ratings of course gives you bragging rights and respect.