Rendering best services to their users, 5Paisa has introduced a Robo Advisory Platform to help the online traders. Here is a brief introduction to everything you need to know about this intriguing platform.
About Robo Advisory Platform
Not just that, Robo Advisory Platform also offers befitting recommendations to the trader. You can use these to make profitable investments in the market and get higher returns. The app offers these advice and suggestions based on a wide range of factors.
Starting Trading on Robo Advisory Platform
5Paisa Robo Advisory Platform uses a special procedure to determine what are the best investment options for a trader. They take a web-based approach and apply an algorithm to help you out. To setup your Robo Advisory Platform account follow these steps:
1. Create your DEMAT account on 5Paisa to get your unique User ID and Password
2. Now download the Robo Advisory Platform app in your smartphone or system
3. Use the ID and Password to open your account in the app
4. Enter the Investment Purpose. You can select from one of the following cases:
● Save Taxes– This is a better option for salaried investors who are trying to find better investment options. They mainly focus on constant growth and saving taxes for better savings.
● Investment Goals: Based on individual investor’s future prospects. It can be anything from a child’s marriage or their higher education.
● Start SIP: By selecting this option, you state that the investment through Robo Advisory Platform is solely for regular saving purposes.
● Investing Liquid Cash: This is a better option for experienced traders who only aim at making higher profits through investment.
5. After selecting the purpose, you will have to provide required personal details. These include:
● Monthly Income
● Age
● Savings, etc.
6. The last and final step would be to select one of the below-mentioned three
● Do you want to maximize the returns? Then you must be ready to take medium to expert level risks
● Do you want to take less risk? Then your income will decrease. However, it will also minimize your losses.
● By choosing the Balance Option, you will have average income with a medium level or less risk.
After you have completed these steps, the 5Paisa Robo Advisory Platform will suggest the ideal portfolio mix for you. Furthermore, you must remember that the tenure of the finance will also vary based on the investment purpose selected.
Features of 5Paisa Robo Advisory
The Robo Advisory Platform offers a long list of beneficial features. Some of these are:
● Smart Profiling
5Paisa Robo Advisory is known for its smart profiling services. By using the right algorithms, this app acts as your expert advisor and gets your best guidance. The platform also analyzes your professional and individual demands before recommending a portfolio. They also keep your investment purpose in mind.
● Inclusive Trading Experience
This trading platform does not only focus on creating a strong portfolio. But it also performs detailed evaluation of your investment details and demographic positioning before choosing one.
The app also checks your existing portfolio and suggests the best ways to improve it. Robo Advisory Platform mainly offers detailed market insights to help you make better choices.
● Low Initial Investment
You might think that a platform that renders such comprehensive support might need a lot of financial input. On the contrary, it is quite affordable and has a remarkable track history. Ensuring that first-time trading doesn’t become expensive for you, they offer low initial investment options.
● Extensive Investment Products
5Paisa Robo Advisory Platform offers a wide range of investment options and services to its traders. This will give you an opportunity to upgrade your portfolio and lower the investment risk.
● Auto Investor Fee
Another advantage of using Robo Advisory is that it requires no investor fee. Whether you need to perform automatic or regular trading, the platform has got you covered.
● Portfolio Management
The app provides a wide selection of features that a trader can use to improve their portfolios. Through 5Paisa’s Robo Advisory Platform, you can become an experienced expert at trading.
