Would you trust a robot with your finances?5 min read . Updated: 22 Oct 2021, 12:13 AM IST
Robo-advisers, which are automated wealth managers, are at a very nascent stage in India
Robo-advisers have been the buzzword in finance for years. As the name suggests, it is an adviser, which is not a human, but a robot. “Robo-advisers are essentially automated wealth managers. You need to input a goal, basic age/income profile, etc., it should throw up a reasonable list of products for you to invest in keeping your risk tolerance in mind," says Kanika Agarrwal, co-founder of Upside AI, a portfolio management services (PMS) firm that is building AI-based investment products.
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