How to invest in the stock market using robotic investment advisors However, they lack the personalized touch of human advisers, which is essential for complex financial planning. Robo-advisors prepare a comprehensive plan for investors, depending on their risk tolerance and financial needs
Investing with robo-advisersRobo-advisers have revolutionised investment management and offer automated, low-cost solutions to help investors manage their portfolios. Here’s how you can avail of this option.
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Signing up
The first step involves registering on a robo-adviser platform. Investors are asked to fill out a questionnaire about their financial goals like retirement or buying a home, risk tolerance, and investment horizon. This helps the platform understand the investor’s needs and tailor an investment portfolio accordingly.
Portfolio creation
Based on the responses, the robo-adviser algorithm creates a diversified portfolio. The investments may include stocks, mutual funds, ETFs, and bonds. The goal is to optimise returns while maintaining an acceptable level of risk. The robo-adviser attempts to ensure the right balance of assets based on market conditions.
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Fees and costsMost robo-advisers in India charge a fixed quarterly or annual fee, or a transaction-based fee.
Ongoing monitoring ,adjustments
Robo-advisers provide regular updates on the portfolio’s performance. For any changes to a user’s portfolio in line with the desired asset allocation beyond the initial investment, like re-balancing or tax loss harvesting, the platform may need to obtain explicit consent from the customer for each transaction.
Points to note
Robo-advisers lack the personal touch that human financial advisers provide, which can be particularly important for investors who prefer face-to-face interactions or require complex financial planning advice.
Content courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta
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This story originally appeared on: India Times - Author:Faqs of Insurances
