With online investment frauds becoming increasingly common, “Mutual Funds Sahi Hai”, an investor education initiative by AMFI, has shared a post on X urging investors to stay vigilant and follow basic safety measures to protect their mutual fund investments from online frauds.
The post highlighted that frauds can often appear ordinary and may begin with an OTP request, a suspicious link, or a random document that you are asked to sign.
Here are the key dos and don’ts to protect your investments from fraud.
What investors should do?
The post outlined several steps that investors can take to reduce the risk of fraud and keep their mutual fund investments secure.
What investors should avoid?
The post also mentioned several practices that investors should avoid while managing their mutual fund investments.
It also reminded investors that AMCs and RTAs do not ask investors for OTPs or passwords, and any such request can be treated as a warning sign of a potential scam.