ARQ by Angel Broking is an automated investment engine that runs on:-
ARQ is available exclusively for Angel Broking customers through Angel Eye (or trade) and Angel Broking mobile app. At the same time, it is not a PMS (Portfolio Management Service) – thus, it is up to the client to accept or reject the recommendation. ARQ provides in-app and web notifications along with the SMS services providing recommendations at the right time.
In this Angel Broking ARQ Review, our team tried to have a walk-through of the technology and following were our observations. It basically takes in few inputs from the user around:
It uses the current trends, user inputs and develops a future predictive analysis to calculates the best possible asset allocation strategy for that particular client both in Equity and Mutual Funds (Large, small, mid, multi-cap and ELSS funds) segments. Based on the inputs given by the team, the ARQ system within Angel Eye provided us with the following allocations.
The way it basically works is that if you are looking to invest ₹1,50,000 in Equity, ARQ recommends you buy “Top 3 Stocks” for that particular day. You have to invest ₹50,000 equally in these “Top 3 stocks” for a period of 1 month and then wait for next month’s “Top 3 stocks”.
If for your portfolio, these “Top 3 stocks” stay the same then you don’t have to take any action, however, in case there is a difference then you are supposed to sell off the stocks that do not appear in next month’s recommendation and buy new recommendations.
Some of the aspects how ARQ is different from traditional advisory services:
When you start using ARQ, you just need to follow the recommendations provided by the engine and place your investments accordingly. In that way, you are being your own fund manager.
We think that ARQ is suitable for the following set of users:
Some of the concerns with ARQ:
“The biggest flaw is that the broker claims the recommended stocks change every day while it is not the case. In fact, we tested the engine on a daily basis for a 7 day period and NOT EVEN A SINGLE recommendation for any profile changed.”
Also Read: Angel Broking Review, Angel Broking Comparisons with other Stock Brokers