Digital Evolution: Transforming Portfolio Management for the Future

Sebi chief Tuhin Kanta Pandey calls upon portfolio managers to modernize onboarding and client services digitally to stay competitive. He emphasizes maintaining trust through reforms and warns against misleading claims. The industry is urged to educate clients on risks and tailor strategies for them.

Total overhaul advised for portfolio managers as Sebi chief Tuhin Kanta Pandey emphasizes the need for digital transformation in onboarding, reporting, and client engagement to remain competitive. Addressing the Association of Portfolio Managers in India, Pandey stressed curbing misleading claims in the industry.

Pandey reminded managers of their vital role at a crucial industry juncture, noting the increasing number of registered managers from 361 at FY21's end to 479 by June 2025. He highlighted that while non-discretionary clients declined, their AUMs rose, showcasing sustained relationships despite market changes.

Reforms like streamlined digital onboarding, enhanced disclosure norms, and infrastructure guidelines aim to promote trust and efficiency. Pandey encouraged educating clients about bespoke strategies, emphasizing the importance of clear risk-return trade-offs. The Sebi chief strongly warned against exaggerated performance claims that could undermine industry trust.