In order to help investors achieve their financial goals, sharekhan has developed a robo-advisory platform called Sharekhan NEO. Investors can choose and select from pre-built portfolios created by Sharekhan NEO. It determines your level of risk tolerance and recommends an investing strategy based on that risk.
About Sharekhan NEO
For more than a decade, Sharekhan has been one of India’s largest private full service brokers. Clients can invest in a variety of financial instruments, including stocks, options and loans. ICICI Direct, HDFC Securities, and Zerodha are the country’s top three private brokers in terms of customer base.
Automated trading tool Sharekhan NEO is designed by Sharekhan for consumers searching for an automated solution to increase their money without them picking stocks or an investment portfolio. An investment portfolio is generated for the client that is tailored to his or her risk profile, and the investor can then select amongst the several portfolios generated.
Features of Sharekhan NEO
Automated portfolio selection features are included in to the Sharekhan Robo Advisory tool, making trading easier for investors with risk profiles in mind.
Sharekhan NEO has the following features: –
- Goal Planner and Risk Profiler: Sharekhan NEO’s Goal Planner and Risk Profiler tool can help you reach your financial objectives in a methodical and organized manner.
- Based on your goals and chosen risk profile, it provides you with investment portfolios that are tailored to your needs. As a result, it will not suggest volatile equities to a cautious investor, and the opposite is also true.
- Users of the Sharekhan NEO tool may utilize artificial intelligence algorithms to create a customized investing guidance for them to follow and apply in order to achieve their own financial objectives while keeping their risk profile in mind.
- NEO features built-in tracking tools to enable you examine and check on the success of your investment portfolio on a regular basis. In addition, it makes suggestions on whether to purchase or sell new items depending on how well they’ve done recently on the market.
As a result of these considerations, it recommends modifications to your financial portfolio that will help you reach your goals.
How to Achieve Your Goals in 3 Easy Steps:
- To assist you achieve your financial objectives, Sharekhan NEO recommends an investment portfolio based on your own preferences. Sharekhan Advisory requires simply three actions to get started investing.
- To begin, choose a goal from a predefined list or enter a new one of your own. Once NEO asks a few questions, it plans an investment portfolio for each customer depending on their responses.
- Finally, NEO will provide you with a selection of possible investment portfolios, from which the customer may choose one to begin investing with Sharekhan NEO.
How does it all work?
Here’s a more in-depth look at the platform’s functionality.
Step 1: Define a goal
- In order to begin investing, you must first decide on a certain objective. Among the most popular objectives for investors are the following:
- Buying a car
- preparing for a vacation
- Boost a company’s profile
- Education of children
- Marriage of the daughter
- A medical emergency has arisen.
- Start your own business.
It’s up to you if your objective fits one of the above-mentioned goals. If not, then look for someone else.
Step 2: Choose the investment period
After deciding on a goal, the following step is to select a time frame throughout which you’d like to make regular investments. Investing regularly and never withdrawing funds is critical if you want to achieve your objective.
It would be a mistake to do the same, since you would miss out on the predicted rewards from your investment.
Step 3: Plan the goal
This is the moment to choose the type of investment that will best suit your goals and time frame. It is possible to select from one of three different models.
If you wish to invest in large amounts or have a large quantity of money laying around for investment, this is a good alternative. People and corporations who have a possibility to make a lot of money through a significant business deal or the sale of a piece of property are the most likely to benefit from this strategy.
SIP is most popular among paid individuals who aim to earn a set amount of money each month. This option encourages people to make regular investments, which helps them achieve their goals without any worry..
Lumpsum and SIP combined
If you have numerous sources of income or receive a large quantity of money on a regular basis, you can use both SIPs and Lumpsum. Compared to other solutions, this method is proved to be the most successful in achieving your financial goals.
When it comes time to reap the rewards of your investment, it is essential to remember that timing is everything.
Step 4: Assess your risk-taking capability
Your risk appetite should be determined once you’ve decided on a financial objective, the sort of investment you want to make, and the investing pattern.
Taking into account all the aspects that affect how much risk you’re prepared to accept, this type of evaluation is ideal. At this point, you can learn how to deal with losses and how to respond in a volatile market.
Step 5: Create a Portfolio
Sharekhan NEO suggests several groupings of investment categories with the greatest fit for the total investment piece once you’ve filled out all the necessary information. The finest part is that you can always adjust your risk level and the time duration of the average investment.
Sharekhan Your financial goals are taken into account when you use NEO to assist you make investing decisions. Investments in mutual funds are suggested by NEO according to your own financial objectives as well as your level of comfort with risk.
The first step is to identify your financial objectives. To get a sense of your risk tolerance, time horizon, and investment amount, NEO will ask a few questions. NEO will propose mutual fund plans based on your answers.
How to Set-up Sharekhan NEO?
Like Sharekhan Investment Cart, Sharekhan NEO is an online application. You may use it without installing it on your computer.
In order to utilize it, clients must have a Sharekhan online account, which may be accessed by browsing to the Sharekhan website.
To get started with Sharekhan NEO, here are the steps:
- Enter the URL (Sharekhan.com) in your computer browser to get to the official Sharekhan website.
- To access the Products and Services section, go to the menu bar in the upper-right corner of the page and select that option.
- Then, under Sharekhan Products, click on the Sharekhan NEO link in the Products and Services Tab.
- As a result, a new window will appear with all of the features and information for Sharekhan Robo Advisory. To access them, simply scroll down and click on the “Plan with NEO” option.
- You will be redirected to the Sharekhan website, where you may begin investing in Sharekhan NEO. To achieve this, you’ll need a Sharekhan online account, which we’ll set up in the next step.
How to Own Sharekhan NEO?
A Sharekhan Online account is required in order to take use of all the features of the NEO version of Sharekhan. This section explains how to open a Sharekhan Online account so that you may begin investing in Sharekhan Robo Advisory.
Follow these steps to create a Sharekhan online account:
- Click the “Open Demat Account” button below.
- Fill out the pop-up form with your information.
- You’ll get an SMS or phone call to establish an account.
- If you’re offered the choice between opening a trading account and an Insta MF account, go with trading account.
- Now, you’ll need to provide your name, email address, phone number, and other personal information. Enter these data and click the “Open an account” button to get started.
- Your account has now been activated and you will get a confirmation email. To activate your Sharekhan online account, you must click the unique link in the email.
- To use the Sharekhan NEO tool from Sharekhan, you must first register a Sharekhan online account.
Sharekhan Neo Advisory Tool Benefits
Many stock market instruments allow you to invest automatically in pre-made portfolios based on your investment objectives and tolerance for risk. So why should you use the Sharekhan NEO platform instead of another one? The advantages of the Sharekhan Robo Advisory tool over other market-available automated investing solutions will be discussed in this section.
With this tool, you have a plethora of investment alternatives at your disposal. You have three choices to make.
- First, you may put all of your funds into a single investment and watch it increase. If you have a sizable sum of money to invest, this is an option to consider.
- SIPs allow you to invest a defined amount of money each month toward your objective.
- There is a third method that combines both lump sum and SIP investments, in which you first deposit a large quantity, and then invest a predetermined amount each month. There are no other automatic investment instruments on the market with this level of versatility.
Sharekhan NEO Conclusion
Stockbroker Sharekhan has been in business for almost two decades and has developed a number of solutions to make investing simpler for its customers.
In a similar vein, the Sharekhan NEO tool allows customers to automate the process of stock selection and automatically construct their portfolios in accordance with their goals and tolerance for risk.
Inexperienced investors can benefit greatly from Sharekhan NEO, which provides a wealth of information on the stock market.