Future Investment is here - Robo Adviser

What is Robo Advisor (Introduction)
How Does it Work
Advantage
List of Robo Advisor In India


What Is Robo Advisor: 

He is Automated & Online Financial Adviser, It provides financial advice to investment management with moderate to minimal human intervention. That makes Robo Advisor "Super Cool"

The first robo advisor was used in the year 2008. With the help of robo advisor, a middle-class person can also use the services for managing their finance and investment. These services are very costly and the only few of them can afford it.

The main aim behind the robo advisor is to bring the financial services to the wide range of people with low cost as compared to the traditional human advisors.

How Does It Work:

It basically works based on few set of rules and Algorithms. They are programmed in such way that by allowing few input and deliver the expected or the best outputs.

Basic Inputs Like mentioned below :

Age
Goals
Your Risk appetite
Current Financial Situation
Investment Time Period etc.,

Out Come :

The advice given by robo advisors are divided into multiple parts such as tax planning advice, insurance advice, health insurance planning, investment advice etc.

Advantage:

As we can see the robo advisor is beneficial to any individual who wants to invest on his own with minimal investment knowledge at the low cost. Robo advisors can automatically select the investment schemes and build a diversified portfolio based on your financial goal and risk appetite.
Not only that, it automatically makes changes to the investment based on the market condition to ensure you achieve your goals. If you have a knowledge of the stock market, you can use this robo advisor to build your portfolio as well.

List Of Robo Advisor In India:

5Paisa.com
Anglebroking.com
invezta.com