Thursday, December 3, 2015

Robo Advisory Services

 
 



A robo-adviser is an online wealth management service that provides automated, algorithm-based advice without human intervention.

 

It processes investor details such as age, time frame, investible amount, risk profile and such inputs and generates a financial plan accordingly.

 

Depending on the sophistication of the platform, robo advisory services implement the plan in terms of allocation and specific product selection.

 

Robo advisers can perform several tasks including reports, MIS, alerts, reminders and review of the portfolio.

 

The convenience and transparency is high in robo advisory, though costs and reach will depend on the service provider. As they scale up, costs drop.

 

Robo advisers also enable customers to seek and benefit from financial advice, using a technology interface without having to interact with a human adviser.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

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