New Delhi, Oct. 12 -- If you have asked ChatGPT, Gemini or Claude a money question this year, whether about tax on a mutual fund redemption, prepaying a home loan or how an NPS withdrawal works, you are not alone. Millions of people turn to AI chatbots for financial guidance before seeking human advice, simply because it is free, instant and requires no appointment.

The trouble is that, as a new study suggests, the answer you received may have been wrong, and you may have had no way of knowing. After all, there is no free lunch.

Saturn, a UK fintech firm that builds tools for financial advisors, commissioned a study in July 2026. It asked an experienced paraplanner to test 18 widely used AI models against 121 real-world money questions....