Robo-Advisors: Brand New Way To Invest

India is one of the fastest-growing economies in the world. However, when it comes to the country’s automation potential, it has only 85 industrial robots per 10,000 employees. According to a report published by the International Federation of Robotics, as of 2017, this figure is indeed very low robo-density figure compared to other Asian countries. However, despite such abysmal figures, India’s wealth management industry has a different story to narrate. Of late, the industry has substantially shifted from traditional human-advisor-based firms towards software platforms that offer fully automated investment services, also known  as robo-advisories. According to Statista, currently assets under management (AUM) within the robo-advisors segment in India amounts to US$ 42 million (as of 2019). Further, the AUM are expected to show a compound annual growth rate (CAGR...