Motilal Oswal Securities has launched an automated and personalised financial planning tool Target Investment Plan (TIP) that uses robo advisory to understand client’s future goals and accordingly make calculated suggestions regarding the right investment portfolio suited for them in mutual funds.

TIP offers end-to-end solutions from goal profiling, to making recommendations, registration, investment, tracking and portfolio re-balancing. It can be accessed from Motilal Oswal’s mobile and web platforms. The product also allows the user to opt for dynamic investment plan instead of the regular SIP plans.

Progress tracking feature Unlike SIP, TIP also considers market volatility while investing to achieve set goals. Hence, TIP arrives at the monthly investment amount according to the market conditions, said Motilal Oswal in a statement on Wednesday.

The real-time tracking feature of the tool allows users to track the progress of each goal and scheme aligned to it. The tool will also provide automated balancing suggestions, it added.

“Investors seek simplified financial solutions that can be operated from anywhere, anytime.

“The artificial intelligence provides personalised guidance and will be a useful tool for users in planning their life goals,” said Ajay Menon, CEO (Broking & Distribution), MOSL.

Arun Chaudhary, Head (Online & Direct Retail), MOSL, said, “TIP will ensure users achieve their desired target within the time-frame set by them. For instance, if a user invests ₹5,000 every month, and the value of that investment appreciates to ₹5,500 next month, the system would deduct only ₹4,500 from the clients account. If it depreciates to ₹4,900, it will invest ₹5,100,” he said.

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