In India, scammers are always finding new ways to target investors. From cold calls to fake emails, they often impersonate well-known names in the financial market. Let’s look at how they try to fool people and what you can do to stay safe:
Fake Websites: You might come across a professional-looking website claiming to offer high-return mutual funds from "XYZ AMC." These sites are often sophisticated copies of genuine companies, designed to trick you into entering sensitive details or transferring money.
How to Avoid It?
Always ensure that you're visiting the official website of the AMC. Check for subtle differences in the URL of the website or contact information.
Unsolicited Emails: Be careful with emails claiming fantastic returns from funds. These often come from email addresses that seem genuine but have small differences (like an extra letter or number).
How to Avoid It?
Always verify the sender and avoid clicking on links or downloading attachments from suspicious emails.
Phishing SMS: You may also get texts saying, “Your X Mutual Fund account needs KYC verification. Click here to update.” These are classic phishing attempts.
How to Avoid It?
You need to know that genuine mutual fund companies will never ask you for sensitive details through SMS.
Social Media and Fake Groups: Fraudsters frequently set up fake social media pages and groups on platforms like Facebook, WhatsApp, or Telegram, where they pose as investment advisors. They might promise exclusive access to high-profit schemes or claim that they’re offering direct fund deals on behalf of investment institutes.
How to Avoid It?
Trust only verified accounts and avoid engaging with unsolicited groups that claim to offer investment advice.
To protect yourself from scams, always make informed decisions.
