Angel Broking l has come up with a new powerful investment Engine which they call ARQ. In simple terms, the ARQ is a kind of Robo advisors which based on your present condition and future requirement, tells you what stocks and mutual funds you should be buying. They say that they have gone through millions of combinations to come up with these recommendation which are given based on individual client status.
They have basically broken all the clients in three tier and based on your risk profile . They are advertising that the return generated by ARQ engine have consistently beaten the sensex. So this product could be good for someone who strongly feel that they need expert advice before buying in the markets. Also if you use this, you would not need to take any advisory service and end up paying a monthly charge for that.
Here is the advertisement for ARQ investment engine
I have used it and it is pretty simple to use. They initially ask you your age, marital status, income, expense and any other major life goals you may have. Apart from that, they ask you couple of psychological questions to understand whether you are risk averse or don’t mind taking excessive risk. Once you have provided them are the answer, they come up with recommendations. In my case, they came up with three mutual funds, 2 equity and 1 debt and 3 delivery based stock trades. You can directly invest in them by a button provided on the same page which save you from the hassle of creating the order. Once you purchase, they also provide you with the tracking facility so that you can track how your investment are doing.
So this type of tool could be good for someone who want to get a taste of how robo advisory works. I have not invested any money with them, so would not be able to tell you if the actual return match what they say. But this is one of the added product which you can use if you are opening account with Angel broking. There is no extra charge for using ARQ engine and it is provided by default with your account.
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In case of any questions or concerns about ARQ Engine, do let us know by leaving a comment below.
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