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Jarvis Invest- Expert Advisor or AI Hype?

Created on 22 May 2023

Wraps up in 8 Min

Read by 5.3k people

Updated on 26 Jun 2023

AI has swept through the world like a tornado, revolutionising every sector with its mesmerising capabilities. It has left no stone unturned, from healthcare to hospitality, fashion to even Finance!

Did you know that AI processes mind-boggling amounts of data every single day? In fact, it's estimated that by the year 2025, the global volume of data will reach a staggering 175 zettabytes (that's 175, followed by 21 zeros). To put that into perspective, if you were to store that data on DVDs, you could stack them up and reach the moon not once, not twice, but over 23,000 times!

Now imagine this: AI algorithms have become so intelligent that they can predict your financial decisions even before you make them. They've got the psychic powers of a fortune teller but with a nerdy twist. Before you even realise you want that shiny new gadget, AI has already analysed your financial situation, spending habits, and credit score to determine whether it's a wise investment. It's like having a personal financial advisor who knows you better than you know yourself.

One such platform is Jarvis Invest. So if you're looking for a personal assistant that can make investment decisions for you, then this AI-based investing platform might just be the Alfred to your Batman. Jarvis has been making waves in the Fintech world by offering a unique twist on investing. But who's behind this one-of-a-kind platform, and what can it do for your financial future?
Let's dive in and find out!

What is Jarvis?

Jarvis is an AI-powered investing platform that aims to revolutionise the world of investment. The platform harnesses the power of artificial intelligence to analyse a vast amount of financial data and provide personalised investment advice to its users. 

The following are the features of Jarvis Invest:

  1. Power-Packed Performance: Investors have entrusted them with funds exceeding a whopping ₹100 crores! 

  2. Your Personal Portfolio Sidekick: You get a personalised portfolio equipped with a fantastic 24x7 risk management system. It's like having a loyal sidekick who tirelessly keeps an eye on risks, ensuring your investments stay on the path to success.

  3. Recommendations Tailored Just for You: Hold tight because Jarvis has ongoing stock recommendations specifically crafted for your unique portfolio. Similar to a personal investment advisor who knows your financial goals and suggests the perfect stocks to help you achieve them.

  4. AI-Powered Stock Selection Magic: The AI-powered system delves into a vast universe of over 2000 stocks, effortlessly handpicking the ones with the most potential. Picture having a super-smart robotic assistant who scours the market for you, ensuring you never miss out on the hottest opportunities, isn't it great?!

  5. Digital Onboarding, Trade with a Snap: Gone are the days of tedious paperwork. You get to experience a seamless, time-saving journey where technology takes care of the hassle.

  6. Human-Free for Error-Free: No human intervention here, thus eliminating the potential for errors and biases, ensuring your investment journey remains smooth and reliable. 

  7. Uniting with the Finest: Having over 25 leading broking houses brings you a world of possibilities. It's like joining a team of financial superheroes, combining their strengths to provide you with unparalleled opportunities and resources.

Who founded Jarvis?

Jarvis was founded by Sumit Chanda, a seasoned financial professional who recognised the need for a more efficient and effective way to analyse the vast amounts of data available in the stock market. He saw the potential of AI to revolutionise the investment process and set out to create a platform that could harness its power to provide personalised, data-driven investment advice. 

How Does the Platform Work?

Imagine Jarvis as Sherlock Holmes of finance, donning a virtual deerstalker hat and magnifying glass. He investigates company financials, unravels market trends, and sniffs out the juiciest news stories from all corners of the globe. Nothing escapes his keen eye!

But Jarvis is not just a know-it-all detective; he's also a master tailor, crafting customised portfolios that fit you like a perfectly tailored suit. He analyses your risk profile with the precision of a bespoke fashion designer, ensuring that every investment decision suits your unique needs and goals.

Jarvis Pricing Plan

Let's start with the "Jarvis Portfolio''. This plan is for portfolios up to ₹10 lakhs. Picture yourself on a treasure hunt, with Jarvis leading the way through the labyrinth of investments. But wait, there's more! You also gain access to the mystical chat support, where your queries shall be answered, and doubts dissolved, all for the modest price of ₹1,999 semi-annually.

Next up is the "Jarvis Portfolio Plus." This plan is designed for amounts up to ₹50 lakhs. Not only do you receive exceptional chat support, but a dedicated Relationship Manager emerges from the shadows to guide you through the untamed jungles of finance. For a mere ₹19,999, half-yearly, you'll have a trustworthy ally who knows the market's every nook and cranny.

But hold your breath, my fellow adventurers, for we have reached the pinnacle of this investment odyssey: the magnificent "Jarvis Portfolio Premium." This plan is reserved for those with portfolio values greater than ₹50 lakhs, where the price is no object. With this grand plan, a fund manager steps forward, armed with unparalleled expertise and wisdom. So the investor better brace himself for a partnership that will shake the very foundations of the financial realm.

Pros of Jarvis Invest

The advantages Jarvis Invest provides are:

  • A User-friendly interface makes navigation and understanding of the platform easy for investors of all levels.

  • AI provides personalized recommendations and can create a customized portfolio based on an individual's risk profile.

  • Real-time updates on portfolio performance provide investors with timely information to make informed decisions.

  • Advanced algorithms analyze vast amounts of data, enabling trend identification and personalized recommendations.

Cons of Jarvis Invest

The disadvantages of Jarvis Invest one should be aware of are:

  • Potential errors due to excessive reliance on AI.

  • Investors should be cautious and not solely rely on AI for investment decisions as it is not infallible.

  • Understanding that AI algorithms can make mistakes is crucial to avoid blindly following recommendations without critical assessment.

  • Cost considerations for premium plans: The platform offers premium plans that may be expensive for certain investors. Thus, affordability should be taken into account when evaluating the suitability of the platform's pricing structure.

  • The accuracy can be influenced by external factors beyond the platform's control. Sudden market shifts and unexpected events can impact the reliability of the recommendations.

Recipe and Reserve: A Platform for Humans by Humans

So, while Jarvis relies on its AI magic, why not embrace the power of human intellect? In a world where technology dominates, some of us still prefer the human touch when it comes to our hard-earned money. If you're one of those discerning individuals who value trust in people over blind reliance on technology, let me introduce you to two exceptional alternatives: Fine Dine and Reserve. No algorithms, just meticulous human expertise guiding your financial journey.

Fine Dine, which is an advisory platform crafted by Recipe of Finology, is set to launch next month. It goes beyond the confines of artificial intelligence.
Embrace a seamless digital experience as they provide a user-friendly platform for all your investment needs. Everything is just a few clicks away, from tracking your portfolio to accessing insightful market information
.

Sure, Jarvis may claim to offer similar services, but let's be real - there's nothing quite like good old-fashioned manual research. You know, the kind where actual humans put in the effort to analyze stocks instead of relying solely on algorithms. We get to discover the power of informed decisions with their team of expert analysts who handpick stocks, funds, and other investments tailored just for you. 

Stay on the right track towards achieving your financial goals as they provide timely reviews for your portfolio. Rest assured; they never compromise on the quality of underlying assets. Here experts will assess your investments and provide actionable recommendations and the rationale behind each change (which cannot be expected from AI😏)

Invest confidently, knowing that Fine Dine combines strategic asset allocation with personalized guidance. And all this comes at a modest price of just ₹14,999 semi-annually. With Recipe, you can savour the blend of expertise and personalized attention that no AI can replicate.

Now, let's move on to Reserve, the grand and sophisticated sibling of Recipe. This elite offering is exclusively designed for portfolios valued at over 30 lakhs. You receive the royal treatment - personalized attention, dedicated support, and solutions for your every concern.

While Jarvis might think it has it all figured out with its AI-powered suggestions, it cannot replicate human expertise. Imagine having a team of dedicated researchers who dig deep into the stock market, uncovering hidden gems and guiding you towards the best investments.

Also, who doesn’t want their investments to be stress-free, thus, in order to achieve that, our every query, small or big, needs to be resolved. With unwavering support for the clients, they are always available to address your queries and concerns, ensuring you invest stress-free.

They believe in the power of less intake and more concentration, accepting only a limited number of elite investors to ensure your wealth receives the undivided care it deserves. And remember, with Reserve, preserving your capital takes precedence, as they steer clear of risky investments, all this by commanding an advisory fee of ₹29,999 for six months.

Unlike their peers, Reserve and Recipe stand independently, untethered to any financial institution. Trust in the expertise of real people who leave no stone unturned in their quest for the perfect investment opportunities. Because, let's face it, when it comes to your financial future, there's no substitute for good old-fashioned human research.

The Bottom Line

AI has unleashed its charm on the world, so buckle up because this AI-powered world is here to stay, bringing a touch of magic and fun to our everyday lives.
In the world of investing, options like Jarvis Invest, Fine Dine and Reserve give you a choice: AI or human? It's like deciding between a robot butler or a personal chef. Sure, the robot butler can efficiently handle your investments, but will it whip up a mouthwatering investment strategy that satisfies your unique appetite? Sometimes, you need the human touch, the secret sauce that adds extra flavour to your financial journey.

So, whether you prefer AI or humans, remember that the key ingredient is finding a solution that brings both peace of mind and a dash of excitement to your portfolio. After all, life is too short for bland investments!

Choose wisely, my friends, and may your investments be as spicy and flavorful as a five-star gourmet meal. Bon appétit, or should I say, Bon Investissement!

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Sakshi Dhakre

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Sakshi is an adventurous spirit who enjoys both the intellectual stimulation of Finance and the sensory experiences of good food and nature’s beauty. She has a passion for delving into complex financial topics and distilling them down into easy-to-understand insights. When she's not poring over financial reports, you might find her exploring a new corner of the city, trying out new restaurants and cuisines or admiring the beauty of the night sky.

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