If you are looking for a smart and easy way to invest your money in the stock market, you might have come across some apps that claim to do that for you. Tavaga, Deserv and Jarvis Invest are three such apps that offer different features and benefits for investors. But how do they compare with each other? And which one should you choose for your investment goals? Let's find out.
Tavaga is an app that helps you save for your goals by investing in exchange-traded funds (ETFs). You can define your goals, such as buying a car, going on a vacation, or retiring early, and Tavaga will create a personalised portfolio of ETFs for you based on your risk profile and time horizon. You can track your progress and tweak your goals as you wish. Tavaga charges a flat fee of Rs 50 per month for its service.
Deserv is an app that helps you invest in mutual funds and stocks based on your risk appetite and preferences. You can choose from various themes, such as value investing, growth investing, dividend investing, etc., and Deserv will suggest suitable mutual funds and stocks for you. You can also create your own custom portfolio and get expert advice from Deserv's team. Deserv charges a fee of 0.5% per annum on your portfolio value.
Jarvis Invest is an app that uses artificial intelligence (AI) to provide personalised portfolio management services for retail investors. It uses 1.2 crore local and global data points to analyse the market and create a unique portfolio of stocks and other financial instruments for you based on your risk tolerance and real-time market conditions. It also monitors your portfolio's performance and recommends rebalancing when necessary. Jarvis Invest charges a fee of 2.5% per annum on your portfolio value.
As you can see, each app has its own advantages and disadvantages. Tavaga is simple and affordable, but it only invests in ETFs, which may not suit everyone's needs. Deserv is flexible and diverse, but it may require more involvement and research from the user. Jarvis Invest is smart and personalised, but it may be more expensive and complex than the other two.
Ultimately, the best app for you depends on your investment objectives, risk appetite, budget, and preferences. You should do your own due diligence before choosing any app and consult a financial advisor if needed. Remember, investing is not a one-time activity, but a long-term journey that requires patience and discipline.
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