7 ROBO-ADVISORS AND WHAT THEY OFFER

TRACK & ACT ( FROM ICICI SECURITIES)

End-to-end financial planning offered online. If there is any deviation, the platform indicates the measures needed to be taken. It charges ` 6,000-17,500 per year.

ARTHAYANTRA

Established in 2008, it offers full-fledged profiling, including details of your assets, liabilities and existing assets/investments. Besides mutual funds, health and life insurance covers are also suggested. It charges you a fee of ` 1,150 per annum.

FUNDSINDIA

Offers a curated list of recommendations as per the asset allocation plan assigned to each portfolio. Also suggests portfolios by age and time horizon. Does not charge fees but earns through commissions.

MYUNIVERSE, ADITYA BIRLA MONEY

A full-service robo-advisor that allows you to link all financial details to the account you create. Enables you to invest in mutual funds depending on your risk profile and investment capabilities.

BHAROSA CLUB

Offers only direct plans. Also allows you to switch your entire portfolio from regular to direct plan, helping you save on trail commission. Charges a fee of ` 780 per annum for investment up to ` 5 lakh or ` 1,980 per annum for investments over ` 5 lakh.

SCRIPBOX

Online investment platform solely into mutual funds; helps you choose from different types of portfolios, including equity, debt and tax-saving. Funds are selected based on a user’s investment horizon. Charges commissions on schemes sold through it.

5NANCE.COM

Allows you to sync all financial accounts with the platform and provides a one-click view of your financial life. The other point is the ease of budgeting using algorithms. It does not charge you fees but earns through commissions.