Investment Secrets: Nowadays there is a lot of investment opportunities, but this is also increasing the cases of fraud. Recently, a person from Bengaluru lost ₹ 1.7 crore in the online investment scam. In such a situation, it is necessary that we be cautious while investing and keep some important things in mind. Let’s know the 5 golden rules that will help in avoiding investment fraud.
Do not get under the greed of excessive profit
If an investment plan promises you an unusually high profit, be alert. There is a risk in real investment and any plan that claims “non-risk” or “guaranteed returns” can be fraud. For example, recently a person in Chennai suffered a victim of fraud through an advertisement on Instagram.
Avoid those who pressurize for investment
If a person pressures you to invest immediately, this is a warning signal. The fraudsters often ask to take immediate decisions so that you send money without thinking. Stay away from such proposals and take decisions with time.
Check investment documents and registration
Check all its documents before joining any investment plan. Ensure that it is registered by the scheme regulatory organizations such as SEBI (India). Recently a person suffered a loss of ₹ 1.7 crore through a fraud app, which was not registered by SEBI.
Beware of social media and unwanted messages
Information about investment plans can be found through social media platforms and unwanted messages. Check their veracity before believing in such messages. Many fraud schemes spread through these platforms.
Consult reliable advisors
Consult your financial advisor, chartered accountant or legal expert before any investment decision. They can provide you the right guidance and help avoid potential fraud.
It is necessary to take vigilance and intelligence work while investing. If a plan promises excessive profit, pressurizes to take immediate decisions, or its documents are suspicious, ignore it. Always get information from reliable sources and consult experts. Remember, “What feels very good is often not true.”
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