Kotak Mutual Fund warned its investors, business partners and general public about fake social media and Telegram groups and communities that guarantee huge returns on investment in its name, according to a press release.
According to the press note of Kotak Mahindra Asset Management Company Limited, “Alert! Please do not be misled by Fake Telegram and other social media entities claiming ownership of Kotak Mutual Fund.”
As per the note, the brand name, logo and identity of the spokesperson of Kotak Mutual Fund have been misused by several social media entities on Telegram and other social media platforms in the recent past.
“Kotak Mutual Fund has only one official Telegram handle (https://t.me/kotakmutualfund ), and it does not promise or mislead investors in any form or on any social platform for abnormal earnings or returns while investing in Mutual Funds. Mutual fund investments are subject to market risks, and investors should read all scheme related documents carefully before investing,” the note said.
featured video of the day
Retail inflation eases to 6.77% in October, lowest in 3 months