- By Aditya Pratap Singh
- Tue, 14 Jan 2025 11:05 AM (IST)
- Source:JND
HSBC Asset Management (India) Private Limited (“AMC”), the investment manager of schemes of the HSBC Mutual Fund (“Fund”), said that it has recently identified fake accounts and groups on WhatsApp impersonating Venugopal Manghat, CIO Equity of AMC. These unauthorized accounts have been created with the potential intent of misleading or defrauding individuals, HSBC said in a release.
The release stated that 118 – HSBC Asset Management is one of the fake accounts on WhatsApp.
"One amongst other fake accounts is by the name of 118 – HSBC Asset Management," said HSBC.
The Asset Management Company said that these accounts are not being run by AMC or any of its employees, so people should avoid believing on information that is being circulated in these groups.
"Please be advised that neither the AMC nor the Fund nor any of its employees have any association with this account or any similar account on WhatsApp. Any engagement with this account or such similar accounts is solely at the user’s risk, and AMC, Fund, or its employees accept no responsibility or liability for any losses incurred by the user. We strongly condemn these deceptive actions and urge the public to exercise caution to avoid falling prey to such fraudulent accounts and groups," said HSBC Asset Management.
"It is important to note that this may not be the only platform where AMC the Fund or its official name may be misused. Fraudsters may attempt to perpetrate scams through other channels using AMC or the Fund brand," AMC said further.
The company has shared its official mail along with official social media handles, requesting people to notify them about any WhatsApp or social media groups practising fraudulent activities.
"If you come across any suspicious groups or fraudulent activity impersonating AMC, the Fund or its officials please notify us at investor.line@mutualfunds.hsbc.co.in so that we may take appropriate measures to address these actions," said the company.
Official Handles of HSBC AMC
1. Instagram: https://www.instagram.com/the.finance.magazine/
2. Facebook: www.facebook.com/hsbcmutualfundindia/
3. Twitter: https://twitter.com/HSBCMutualFund
4. LinkedIn: https://www.linkedin.com/company/hsbc-mutual-fund/
5. YouTube: https://www.youtube.com/@HSBCMutualFundIndia
