AI-based investment advisory startup JARVIS Invest’s AUA rises 730x in 2 years to Rs 100 crore

An Artificial Intelligence (AI) based investment advisory startup JARVIS Invest’s assets under advisory (AUA) breached Rs 100 crore as of April 2022 from Rs 13.7 lakh in 2019-20, a rise of 730x in two years by onboarding over 75000 clients across 800 partners list last fiscal, the official release said.

JARVIS is a highly intelligent artificial intelligence (AI) - based portfolio management tool that has offered its investors exceptional returns along with unique risk management system (RMS) capacity.

It uses a proprietary risk management system that takes into consideration over 1.2 crore local and global data points and monitors client-wise investments 24x7 thereby providing a personalized portfolio to each individual investor as per person’s risk appetite.

JARVIS has seen great investor interest and has already raised Pre-Series funding of US $1million by BNP Investments, the release also said.

JARVIS curated portfolio has provided average returns of 50-80% across portfolio categories. In March 2020, Jarvis system started giving sell calls from the first week of February thus saving about 50-70% of the investor’s wealth.

The four key issues we wanted to tackle were the lack of access to personalized advisory, the influence of human emotions and biases, the absence of a risk management system, and a one size fits all (model portfolio) approach, Sumit Chanda, Founder and CEO, JARVIS Invest said.

Chanda said the company’s aim is to democratize portfolio management for retail and HNI investor at an affordable cost with a minimum investment size of Rs 30,000.

AI could be a potential disruptor in the wealth management industry in the coming years and it will help investors achieve wealth creation goals smartly, the founder and CEO also said.

JARVIS Invest Portfolio has provided 39% return against Nifty’s 16% returns in one year. In March 2022, the AI predicted a falling market and had 40% of the investor portfolio in cash or liquid bees to adjust against the volatile market. 

Millennial & GenZ investors have an increased risk appetite; 78% of these customers have a moderate aggressive to a very aggressive portfolio. About 60% of the JARVIS customers have an investment horizon of 1-5 years.