AI may assist but can’t outdo human fund managers in mutual funds, say experts

Deepak Shenoy, Founder of Capitalmind, said mutual fund management must remain a human responsibility. “You can’t delegate your decision-making authority to anything, including an algorithm, an AI, or whatever you may call it. So in the end, it’s the human, the fund manager, that’s responsible,” he said.

He described AI as a round-the-clock research assistant. “AI is like a…