Even at a smaller scale, robo-advisories can become profitable businesses

Although robo-advisory firms have recently launched in India, the way ahead is a steep climb for them. They offer convenience, can work in a low-cost distribution scenario and have the potential to aid penetration of financial instruments. But they also require internet connectivity and financially educated and internet savvy customers to sustain. That will happen over time. For now, many of them are bleeding. But robo-advisors are growing at a faster pace in the US. According to a KPMG report, robo- advisors are expected to manage $2.2 trillion worth of assets by 2020. 

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