Who uses robo‐advising and how?
利用印度一家大型机器人投顾公司的专有数据，发现用户多为年轻、男性、已婚的专业人士和小额投资者，多数采用系统性投资计划，且市场波动高时新开户增多。
Abstract Using propriety data from a large Indian robo‐advisory firm, we show that users of robo‐advisory services are relatively young, predominantly male, married, small investors, and professionals. We show that the majority of small retail investors utilize a systematic investment plan (SIP). Additionally, we document that there are differences in demographic characteristics, occupation, and geographic location of investors in utilizing SIP versus one‐time lump sum investments. Furthermore, we find that daily user account creation increases during periods of high market volatility.