Advisesure On Economic Times

Robots in investing: AdviseSure wants to disrupt the financial advisory market

"The total financial assets of individuals in India is about Rs.160 trillion, which is 58 percent of the total wealth of individuals. Traditional products are currently 70 percent of total financial assets. We believe we are in the midst of a shift to newer assets from these traditional assets. Such a change with the use of Robo advisor is likely to bring a disruption in the industry with a shift towards a fee-based model," says AdviseSure, cofounder, Abhimanyu Sofat. AdviseSure is a bionic (part human, part robot) financial advisory firm.

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How a new set of startups are taking artificial intelligence to the next level

Welcome to a new set of startups which are using a mix of artificial intelligence, machine learning and chat bots to take automation beyond just the mechanical aspect of removing human interaction.

For people who have more specific queries, there are actual experts on hand to help. AdviseSure, an investment advisory portal, calls itself a robo-financial adviser, and uses algorithms to deter mine the most appropriate in vestment advice based on a set of six questions. Cofounder Abhimanyu Sofat said: "We do risk mapping using software and lo ok at portfolio options using statistical measures.

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Online MF distributors, robo advisors catch fancy of private equity players

Online mutual fund distributors and robo advisors are increasingly catching the fancy of private equity players .

From a regulatory perspective, distribution is seeing a lot of disruption. Traditional distribution, or the agentdriven model, which is fragmented is subject to a lot of challenges and regulations are slowly moving in favour of digitisation.

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Startups like FitCircle and AdviseSure turn to AI, chatbots and machine learning for scalability

Welcome to a new set of startups which are using a mix of artificial intelligence, machine learning and chat bots to take automation beyond just the mechanical aspect of removing human interaction.

For people who have more specific queries, there are actual experts on hand to help. AdviseSure, an investment advisory portal, calls itself a robo-financial adviser, and uses algorithms to deter mine the most appropriate in vestment advice based on a set of six questions. Cofounder Abhimanyu Sofat said: "We do risk mapping using software and lo ok at portfolio options using statistical measures.

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HP to accelerate 'Digital India' initiative

Reiterating its commitment to support Prime Minister Narendra Modi's ambitious 'Digital India" initiative, global printer and personal computer major HP Inc on Thursday announced it was bolstering its participation to digitally transform the country.

For people who have more specific queries, there are actual experts on hand to help. AdviseSure, an investment advisory portal, calls itself a robo-financial adviser, and uses algorithms to deter mine the most appropriate in vestment advice based on a set of six questions. Cofounder Abhimanyu Sofat said: "We do risk mapping using software and lo ok at portfolio options using statistical measures.

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Budget 2016: FM Arun Jaitley misses opportunity to attract more overseas funds

Finance Minister Arun Jaitley has let slip an opportunity to attract more overseas venture capitalists to India, by failing to simplify the eligibility norms for certain income-tax benefits, according to industry members eager to see more of their ilk set up shop locally.

At present only those funds which meet specific criteria, which industry members termed as "cumbersome" can avail of tax breaks. So much so that nearly 90% of alternative investment funds, which manage venture and private equity capital are located in offshore locations like Mauritius.

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Venture Catalysts adds 50 more angel investors

Venture Catalysts , Mumbai-based seed investment and innovation platform has added 50 angel investors onto its network within the last three months. "The very reason is to reinvigorate the fractured Indian early stage investment industry by creating a solid network of angel investors to fund and invest upcoming start-ups," said Apoorv Ranjan Sharma , cofounder of Venture Catalysts.

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Fintech players upbeat about digital literacy in Budget 2016

Financial technology startups and payments companies have cheered at the rural push in the 2016 Union budget presented by finance minister Arun Jaitley in the Union Parliament on Monday.

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Big Data, cloud and mobility top priorities for UTI Mutual Fund’s CIO

S Raghunatha Reddy, Senior Vice President and Head IT, UTI Mutual Fund shares his views on the company's top IT initiatives and the benefits and challenges associated with video collaboration.

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Wipro ditches 'bell curve' appraisal, more frequent feedback under new system to compete with Infosys, TCS

In the middle of last year, India's third-largest software exporter Wipro rolled out an ambitious pilot exercise where it ditched its traditional 'bell curve' appraisal system for a large majority of its 170,000-odd employees.

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We make in India for the world: Oracle CEO Safra Catz

Emphasising that India is a great source of intellectual capital for the company, Safra Catz, global co-CEO of Oracle Corporation announced a further expansion of the India operations.

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