Broking and research house WealthRays Securities today said it has introduced a unique plan for research recommendations under the name 'pay only when you make money'.
The Bangalore-based company has launched prepaid recharge vouchers of Rs 1,000, Rs 2,000, Rs 5,000 and Rs 10,000 for research service account in which customers will get an average 3 recommendations per day in each segment they choose, including derivatives, commodities and currency, WealthRays Securities CEO Kiran Kumar Kavikondala told reporters here.
Clients will be charged only for a successful recommendation, with charges ranging from Rs 50-100 for a successful recommendation, Kavikondala said.
The company has achieved 75% accuracy in its recommendation to its clients.
WealthRays, which started broking operations in 2010, launched its research services recently.
The company has around 500 clients, mainly investors from IT industry in Bangalore. The company is hopeful of adding around 1,000 clients by the end of this fiscal. It also plans to expand its presence across the country, Kavikondala said.
