CHENNAI: Market regulator Sebi on Friday said it has widely deployed artificial intelligence capabilities, with these tools generating an increasing number of actionable alerts.
These alerts have helped uncover patterns that indicate recent instances of progress in the Portfolio Management Services (PMS) industry.“Recently, we have noticed that our AI is generating enough alerts, and over a period of time, the patterns emerging from those alerts indicate that a certain amount of progress is also happening in the performance management services industry. We always thought that this was something that was largely limited to the mutual fund space.”
“We are analyzing how this will impact investors,” Sebi CEO Manoj Kumar said at the Association of Portfolio Managers of India (Apmi) PMS Leadership Conclave here.He added that the regulator is adopting a “hand-holding” approach towards compliance and resolution. “We always see that when it works, there can be some unintended violations. As long as those violations remain unintended, we are very adaptive.
“We will listen to your point of view,” Kumar said.However, he stressed that the goal is to create greater awareness within the PMS industry and discourage any activity that could be considered even “remotely” impermissible or viewed negatively by investors. Speaking to TOI on the sidelines of the conclave, Apmi Chairman Biharilal Deora said the review will support the growth of the industry.