Money Mitra launched for stock market investors

Kathmandu, Mar. 30

Ideapreneur Nepal launched Money Mitra, an online platform that provides knowledge and information about stock market, on Thursday.

The product, which has already gained popularity among investors, brings together five products in one platform - Gurumantra, Broker Chirfaar, Vriddhi, Ideapreneur Gyan, and Ideapreneur Courses.

The Money Mitra software can be accessed through the website moneymitra.com, and the app can be downloaded from Play Store or App Store.

With a starting price of Rs. 299, the platform provides financial information, technical analysis, and financial management services for investors who want to invest in Nepal's stock market.

The free version, while providing limited access, still offers several useful features and resources for investors, informed the company.

Launching the application, Chairman of the Securities Board of Nepal (SEBON), Ramesh Kumar Hamal, said that the technological products like this would help enhance the financial literacy and support individuals in managing their investment.

In a country like Nepal with difficult topography, digital app like Money Mitra would help the people living in the far-flung areas as well, said Hamal.

According to Sanjog Koirala, founder of Ideapreneur, Gurumantra provides intuitive data analytics and visualisation tools to help investors of all levels track and analyze stock performance. With features like paper trading and screeners, the investors can simulate their trades and refine their investment strategies without risking any money.

Likewise, Broker Chirfaar, helps users analyse the details of brokers and compare between brokers. This feature also provides details of the most bought and sold shares by the broker and the companies held by the broker.

Vriddhi analyses the user's financial situation and advises on how to manage finances for more financial stability. The feature provides advice on how much to save annually and monthly to achieve financial goals in the future and offers facilities to keep an account of expenses.

Similarly, Ideapreneur Gyan provides various articles and resources to increase the user's economic, business, and financial literacy while Ideapreneur Courses offer various courses for increasing financial literacy.

Published in The Rising Nepal daily on 31 March 2023.