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Asheesh Chanda

Asheesh Chanda has 15 years experience in the financial industry inclusive of 8 years at JPMorgan and a Singapore Hedge Fund

Asheesh Chanda

Founder at Kristal.AI

About

Asheesh Chanda has 15 years experience in the financial industry inclusive of 8 years at JPMorgan and a Singapore Hedge Fund

Credentials

Founder at Kristal.AI

Asheesh Chanda

Founder at Kristal.AI

  • Answers (30)
  • Questions (1)
  • Reviews (0)

SeedlyTV S2E04

Robo-Advisors

Investments

What happens if a robo-advisor goes bankrupt?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
Hi there, At Kristal.AI we use Saxo Capital Markets as the broker and hence custodian for our retail portfolios. They too are regulated by MAS and maintain the capital requirements as needed. For significantly larger sized accounts we even offer managing portfolios in Bank of Singapore / DBS or any such bank account. In the event of Kristal closing down, all assets held at Saxo via Kristal have to be sold and cash transferred out to another bank or broker. An administrator typically oversees this process. Client money is always kept segregated from comapny funds and there two can never be intermingled regulatorily. Given the size that we have grown to the risk of us facing such closure is limited. However if you have a much larger portfolio feel free to know more about our managed account offering. Thanks
šŸ‘ 2

SeedlyTV S2E04

Robo-Advisors

Endowus

Syfe

StashAway

Kristal.AI

AutoWealth

How did each robo-advisor handle the market dip, and what steps did you guys take to adjust to the situation?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
Kristal.AI believes in an asset allocation approach along with a keen eye on risk metrics which we pull in via the volatility inputs we obtain from the market. In March end our asset allocation algorithms did go more conservative to increase fixed income and gold allocations. The portfolios following this approach differ from other thematic portfolios like All Weather which maintain a balanced allocation across multiple asset classes. The benefit of a more dynamic approach is that it prevents drawdowns i.e the max loss a portfolio can suffer so one can actually have more firpower to get into the market when markets have either calmed down or at an extreme oversold level. This approach is very similar to how big institutions and funds manage billions of dollars. When markets are crashing, there is not much merit in just hoping and praying everything will be ok. One has to take a risk based approach in a sensible manner so a portfolio has enough firepower to buy when one wants to. Also for our accredited investors we proactively put hedges in place that can prevent huge drawdowns following a portfolio insurance approach. Our algos have been back tested in 2008-09 period and March 2020 was a real time validation we got from the market as our approach was able to limit the losses while continue to participate in the upside as markets recovered. So in short I would say having a passive portfolio with some element of risk based asset allocation works best I would recommed to everyone to follow. #trustthealgo
šŸ‘ 2

SeedlyTV S2E04

Robo-Advisors

Investments

What are Key Leading Economic Indicators which helped RoboAdvisors navigate the current market volatility and will it help to better prepare for future extreme market conditions?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
At Kristal.AI, we use a number of indicators and you can look to follow those too but main ones I personally look at are RSI of relevant ETF and VIX index. Our algorithms are utilizing other information like cross asset correlations, investment committee's forward looking views along with various price data of relevant ETFs. ETFs are also shortliseted based on CAGR, Sharpe and Return/drawdown. A lot of this may sound daunting which is why we have made it easier by just saying #trustthealgo or for amounts 50K USD reach out to our advisory / RMs for detailed explanations.
šŸ‘ 5

SeedlyTV S2E04

Robo-Advisors

Investments

StashAway

Kristal.AI

Syfe

AutoWealth

Endowus

What is the AUM (Assets under management) a Robo-Advisor will truly need in order to breakeven and turn a profit, so we can know that robo-advisors are ultimately truly self-sustainable?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
The most common revenue model for robo advisors is to charge a management fee on the the assets invested with them. Most charge somewhere between 0.2 to over 1% (Kristal.AI has zero fees for the first $50K invested)! That said, to operate profitably, it would probably take AUM of a few multiples $100M, depending on the robo advisor's structure and other factors
šŸ‘ 5

SeedlyTV S2E04

ETF

Robo-Advisors

Investments

On these 5 different platforms, are there ETFs that totally consists of 1) crude oil only 2) gold only investment options?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
Kristal.AI has ETFs across asset classes including Oil and Gold ones
šŸ‘ 4

SeedlyTV S2E04

Robo-Advisors

Investments

Should I invest S$100k as a lump sum or should I invest part of the budget as a lump sum and the remaining as monthly deposits?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
While timing is very very tricky but I have amended Buffet rule as follows: "Buy lumpsum when others are fearful, and buy DCA when others are greedy" Also depending on where markets are, "Extend your DCA over months instead of over weeks" So while hindsight is 20/20 in March 2020 lumpsun was a good idea and now a DCA over next 6 months would be appropriate. Do check our Kristal.ai for you USD investments. We have no management fee/commisions for first 50K USD
šŸ‘ 5

Robo-Advisors

Syfe

Kristal.AI

Investments

As I am new to investing, Iā€™m looking to do DCA in either Kristal.AI or Syfe, any idea how are the charges like monthly?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
Hey TY, thanks for the query and glad to see Kristal.AI amongst the top platforms in your mind. For the first 50K USD Kristal.ai is completely free and provides US listed ETFs as well as algorithm that can guide you on where to invest. You can choose to follow the Algo or choose your own ETFs based on your risk profile. There is no minimum but the investment amount should be above the ETF price so we can buy at least 1 unit each time. So for e.g if you were to choose QQQ which is our most popular NASDAQ ETF its at close to USD 225 so it would be recommended to keep your account funded to that extent, to account for the purchase to happen successfully. We always trade at market prices as given by exchange. No commissions, no charges whatsoever till you reach 50K USD - and I hope you do that soon as you get wealthier with us! :) #trustthealgo
šŸ‘ 4

SeedlyTV S2E04

Robo-Advisors

Syfe

AutoWealth

Endowus

StashAway

Kristal.AI

To the 5 CEO/CIOs, if you had to invest $50,000 each in 2 of your other 4 competitors, which 2 would you invest in, and why?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
I would go with a platform that helps invest CPF money as kristal.ai currently does not do that
šŸ‘ 4

SeedlyTV S2E04

Robo-Advisors

Investments

Syfe

Endowus

StashAway

Kristal.AI

AutoWealth

If you have to invest in a competitor's roboadvisor, which one would you go for?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
I would go with a platform that enables CPF and SRS investing. For everything else I strongly (and obviously) feel kristal.ai is the best
šŸ‘ 3

SeedlyTV S2E04

Robo-Advisors

Investments

Syfe

Endowus

StashAway

Kristal.AI

AutoWealth

Do founders themselves invest in their own robos? Which risk profile/portfolio would you recommend? Which other assets do you invest in?
Asheesh Chanda
Asheesh Chanda, Founder at Kristal.AI
Level 6. Master
Answered 2w ago
Yes we very much do. My own portfolio is invested into a mix of fixed income and equity kristals. In fact I even have portfolio for my kids' education objective invested in AutoPilot growth and all Weather baskets. Feel free to check our more at kristal.ai and ask our advisors more details if these suit your risk profile
šŸ‘ 4
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