I would submit that both the options have their own challenges:
An RTA Website:
- The RTA cannot provide all mutual funds in one place. They usually serve only a handful of mutual funds, about 10 or so.
- RTA cannot provide investment advisory, i.e. recommend which funds to buy, when to buy, how much to buy based on your risk profile etc.
- They may not have functionality like family portfolios, insurance planning etc.
AMC Website:
- In most cases an AMC website also has the same issues like an RTA website (just that the number of AMCs = One!). They cannot advise you on funds or provide planning (it is out of their documents scope).
- Tracking all your investments across various funds becomes a chore, eating up a lot of your precious time.
- Funds may vary in performance across AMCs and it makes sense to track them on one platform.
So what is the solution?
Go for a trusted investment advisory app that helps you plan your investments in a transparent way. Do not fall for ‘FREE’ platforms as you would end up being the product (how else will the app sustain itself).
The worst part is you getting pushed wrong funds or products because the app has a vested interest in those products.
Jamawealth.com is a good option (disclosure: I am associated with Jamā) offering investment advisory for a small fee
