Automated investment platform, portfolio trackers, and bonus budgeting apps that simplify financial management.

Automation is the new normal; it is everywhere. When was the last time you called to complain for anything and received a human response. Manufacturing units making simple garments to complex electronics are all automated. We are now looking at cars that will be driverless.

Then why not the financial industry? There are so many ways we can make our lives simpler if we adopt the different types of automation possible. Let us see the most common ones and how they can help.

1. SIP – Systematic Investment Plan. The name itself suggests that it is an automated plan for investing. How it actually works is – we sign up for a particular investment like a mutual fund for a particular amount. Then every month that amount gets deducted from the linked bank account and gets invested in the chosen fund. This ensures that every month your investment increases effortlessly! Fikaa has this feature for Mutual Funds as well as Digital Gold. ️

2. Track Your Investments – This is such a cool feature that Fikaa has incorporated! Once you opt for this, you can see all your investments across all platforms at one glance. Even if you have made an investment elsewhere and at different Sites. It can all be seen together. This way you are aware of all your investments and the percentage of gain or loss is also visible.

3. Automated debits for service providers – Payments to creditors can be deducted from your bank account directly. This saves you time taken to make these various payments. Sometimes, you could forget to pay in time and incur late payment charges. But, if your payments are automated, it will always be made on time!

Similarly, Emergency Funds, Retirement Schemes and other repetitive payments can be taken care of by automated payments.

The direct benefits of automation are –

1. Saves time
2. Saves late payment fee
3. Keeps you on track with savings
4. Human error reduced