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News From Press Mutual Funds consider 'robo' advisory service to attract retail investors

Mutual Funds consider 'robo' advisory service to attract retail investors

Source: PTI/DNA Jan 18, 2016

To attract retail investors, mutual fund houses are contemplating "robo" advisory route, wherein automated algorithm-based advice will be provided without human intervention. The move will help in reducing the cost for investing in a mutual fund scheme and eventually attract retail investors.

Online wealth management services provide robo advisory in India but such services are still in a nascent stage. However, it has become popular globally.

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