AI is unlikely to replace fund managers for active investment decisions, particularly in areas like small caps, startups, or private equity, because human interaction, emotional intelligence, and understanding of intangible aspects are crucial.
"fund manager cannot be replaced because the fund manager is not fund manager is not just looking at data... but at the end of the day fund manager needs to meet the promoters Founders right CEOs CFOs management... that intangible aspect becomes very critical... if let's say there's a fund manager for a small cap mutual fund fund manager for uh you know investing in startups or private Equity that is very difficult for AI to emotional intelligence that can only happen in this kind of a conversation"