A league for brokers: Make the right calls and win gold, Audi cars

MUMBAI: One could be forgiven for mistaking it for Atletico De Kolkata or Kerala Blasters FC. But the Indian Advisory League (IAL) comes close to a playing field. The league is a platform for Sebi-registered brokerages and research firms to make their recommendations. If the targets are spot on, then gold coins and Audi cars are on offer.

Kaushlendra Singh Sengar, the founder of the league, has obtained approval from the ministry of corporate affairs to launch the public recommendation platform in January. "This initiative is first of its kind in India, even in the world as well," Sengar told ET.

"This will increase retail participations at least in the equity market as right recommendations will draw more investors," he said. "On the corporate side, our initiative will help genuine institutions to get rewarded."

The start-up company will also launch a mobile app christened as http: www.advisorymandi.com where participants can put their intraday recommendations on securities. A single participant can give 10 calls including five in equity stocks, three in commodities, two in currencies (rupee-dollar).

All recommendations will be posted on the site with an interactive chatting option.

Being a part of the Indian Advisory League one can win 10-30 gram of gold coins daily while owning an Audi car is also possible on persistent performance. Every day's average scores will be added to next day's performance of the participants so that a performer's consistency can be established.