Be wary of phoney social media groups that promise enormous returns: Mutual Fund Kotak

Kotak Mutual Fund has notified all investors, partners, and the public at large about deceptive Telegram and social media groups and groups that promise huge returns on their investment . The Kotak Mutual Fund brand name, logo, and spokespersons name have been misappropriated by multiple social media entities over Telegram and other social media channels .

New Delhi (India), November 25: Kotak Mutual Fund has notified all investors, partners, and the public at large about deceptive Telegram and social media groups and groups that promise huge returns on their investment, according to a statement released by the organisation on Friday.The Kotak Mutual Fund brand name, logo, and spokespersons' name have been misappropriated by multiple social media entities over Telegram and other social media channels in an attempt to annoy investors in any manner or on any social Investors in mutual fund investments are subject to market risks, according to the statement, and it is strongly encouraged that users and investors report fraudulent organizations on Telegram, abuse@telegram.org, or write to mutual@kotak.com if they come across them.KMT began operations in December 1998 and now has about 43.8 lakh investor folios.

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