'Digital penetration has made SIP a household term'

Model-driven vs human-led portfolios? Indian markets are already informationally efficient and will become more so as financial inclusion expands. With more inflows into mutual funds, PMS, AIFs and across market caps, we do not see any human edge in delivering consistent alpha. Consistency in alpha generation is the true measure of skill. If not backed by data, any outperformance is likely a random outcome. With digital penetration, information is now ubiquitous. No fund manager can consistently maintain an information edge, especially in a market with thousands of professionals engaged in a similar activ

This article was originally published on October 20, 2025.