Technology is now empowering finance companies to offer 'byte sized investments' to the common man who cannot or does not wish to invest huge sums of monies into high-risk financial instruments like mutual funds.
“Technology has helped in ensuring that even small investments can be made on a regular monthly basis without much hassle. This includes everything from the use of ECS to investing through an online account. The lower cost is beneficial for investors as their returns go up without any additional effort,’’ says Arnav Pandya, certified financial planner (CFP).
