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By:

Minal Sancheti

2 May 2026 at 12:26:53 pm

Funeral for animals

Mumbai: On the occasion of National Animal Rights Day, a funeral was held for all the voiceless creatures that humans have killed for selfish reasons. The act was a campaign and was a brainchild of Animal Climate and Health in collaboration with Our Planet Theirs Too. The purpose was to spread awareness about animal cruelty. The campaign took place at Carter Road Amphitheatre and so a crowd of both young and old supported the cause. Speaking about animal cruelty, recently the internet was...

Funeral for animals

Mumbai: On the occasion of National Animal Rights Day, a funeral was held for all the voiceless creatures that humans have killed for selfish reasons. The act was a campaign and was a brainchild of Animal Climate and Health in collaboration with Our Planet Theirs Too. The purpose was to spread awareness about animal cruelty. The campaign took place at Carter Road Amphitheatre and so a crowd of both young and old supported the cause. Speaking about animal cruelty, recently the internet was flooded with a viral video of a group of men at Mira Road taking a piglet to a locality where goats were brought for religious sacrifice. Aparjita Ashish, the founder and director of Animal Climate and Health said, “It is an act of cruelty to kill animals for religious sacrifice but to protest against this they were harassing a baby pig. The poor pig was screaming for his life. So how’s that right? If you want to protest, protest peacefully.” Ashish also comments on the Apex Judiciary’s decision of euthanising terminally ill dogs, “If the dog has a serious illness like rabies and is in a lot of pain, with a doctor’s permission and in a peaceful manner, they should be euthanised. The apex court also spoke about the ABC or animal birth control which if done with correct procedures, can help bring down issues related to the stray dogs. Many times the process is wrong so the animals become subject to cruelty.” She even added that the strays should not be displaced as that will leave them confused. This is also an act of ill treatment. The occasion saw a large number of gatherers. According to the campaigners, being vegan is not just for protecting animals but also for the climate. Ashish explained, “If you see the name of our NGO, it is Animal Climate and Health. So we also talk about the impact of consuming animal products on the environment.” She gives an example of how methane gas is produced because of the dairy animals and how the food and resources to breed animals are so much that it affects the environment. The supporters who participated in the campaign said they also noticed many health benefits of going vegan. Anil Nagpal, a senior citizen and volunteer with the organisation said, “For many years I was going through ill health. I tried every treatment but nothing really helped much. But then someone convinced me to go vegan and since that time my health has improved drastically. After this many people in my circles who used to eat animal products have given up.” When asked what his protein sources are, he said, “I eat lentils and legumes. Vegetables also contain protein.” Ashish claimed that humans have an ego that makes them think they are above animals.

Machines and Money Managers

Will investors one day entrust their life savings to a machine? Will portfolio decisions quietly migrate from seasoned minds to silent computation? These questions, once relegated to speculative discourse, now demand serious consideration. Artificial intelligence has embedded itself into the architecture of financial markets, reading balance sheets in seconds, analyse earnings calls, tracking global liquidity, and executing trades with extraordinary speed. What appeared futuristic a decade ago now functions as everyday infrastructure. Asset management stands at an inflection point.


When it comes to processing information, machines resemble tireless archivists. They scan thousands of securities, identify patterns across decades, and rebalance portfolios without fatigue or sentiment. They neither panic during corrections nor succumb to euphoria in rallies. This dispassionate consistency constitutes their principal strength.


Quantitative investing, where mathematical models guide decisions, has operated for years. Firms such as Renaissance Technologies built empires on algorithmic foundations. Institutions like BlackRock deploy systems such as Aladdin to monitor risk across global portfolios. Robo-advisors including Betterment and Wealthfront construct and manage portfolios automatically, allocating assets, rebalancing holdings, and minimising costs.


In India, numerous platforms offer automated portfolio recommendations. These function like autopilot systems in aviation, operating smoothly under normal conditions. Yet even in commercial flight, autopilot does not eliminate the pilot.


Human Edge

Beyond quantitative analysis, investing demands interpretation of nuances that data cannot capture. A skilled fund manager often perceives what spreadsheets obscure. A hesitation during a management call, an overconfident assertion, or a tonal shift may reveal more than any financial statement. AI depends on data, and that data originates from human sources. Financial disclosures and forecasts may carry bias or error. Weak inputs inevitably produce weak outputs.


Markets are also propelled by emotion. Fear and greed act as invisible forces moving prices in ways that defy rational expectation. During crises, investors may liquidate holdings even when logic counsel patience. In booms, they may purchase without prudence. Behavioural finance has documented these tendencies extensively. AI can detect statistical patterns, but comprehending human emotion resembles forecasting weather from cloud formations alone. It remains incomplete.


Beyond returns lies a more fundamental consideration: TRUST. Investors do not merely allocate capital to funds; they invest in the individuals who oversee those funds. During turbulent periods, they seek explanation, reassurance, and accountability. A machine may deliver performance, but can it offer comfort? In markets like India, relationships carry weight. Investors draw confidence from knowing who manages their capital. The fund manager's name becomes akin to a captain navigating uncertain seas.


This raises an additional concern. If an algorithm errs, who bears responsibility? The developer? The institution? The system itself? The “disclaimer” clause?   Without the clear answers, complete trust in autonomous systems may take considerable time to develop.


Shared Future

Across global markets, automation is proliferating, yet a fully AI-driven mutual fund operating without human oversight remains rare. Most funds employ AI as an instrument, not a substitute. Certain exchange-traded funds utilise rules-based or algorithmic strategies, following fixed models rather than human discretion. Even then, humans design, monitor, and refine these models. Hedge funds such as Two Sigma Investments rely heavily on data science, yet they maintain teams of experts to supervise their systems. The notion of a completely autonomous, self-directing mutual fund remains more concept than reality.


As more participants adopt similar tools, another question emerges. If everyone deploys comparable algorithms, will generating superior returns become increasingly difficult?


The future appears less like a contest and more like a collaboration. Consider a modern cockpit. The pilot commands numerous instruments, alerts, and automated systems. These tools inform decisions, but the final determination rests with the human. Fund managers are moving in the same direction. AI helps them analyse rapidly, model scenarios, and manage risk. But when unforeseen events occur, human judgment becomes indispensable.


Regulators such as the Securities and Exchange Board of India (SEBI) will likely demand transparency regarding how investment decisions are made, whether by humans or machines. The pertinent question is not whether AI will replace fund managers, but whether fund managers who disregard AI will fall behind. History demonstrates that technology transforms roles rather than eliminates them.


The fund manager's role is evolving. Yesterday's manager concentrated on research and allocation. Today's manager integrates analysis with technology. Tomorrow's manager may function as a conductor of an orchestra, guiding intelligent systems while ensuring harmony. AI will continue to deliver speed, scale, and efficiency. But markets will always reflect human behaviour. As long as uncertainty, emotion and narrative influence decisions, human judgment will remain essential.


(The writer is a retired banker and author. Views personal.)

 


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