NSE warns investors about alleged guaranteed return scheme

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NSE guaranteed return warning

Highlights

NSE warned that a person named ‘Navjot’ is claiming guaranteed returns on investments via YouTube and Telegram and is asking investors for their login credentials.
Investors are advised to stay away from any such person or scheme, as these are prohibited by law and the individual is not a registered member of NSE.
The risk of investing in such schemes is entirely the investor’s own, and in case of disputes, Exchange Dispute Resolution or Investor Grievance Mechanism will not be available.

This article was translated from the original. Read the original version by our correspondent here.

Alleged Scheme and Exchange Warning

As reported by the National Stock Exchange of India, a person named “Navjot” is operating via mobile number 7412813927, a YouTube channel called “Capital Handling,” and a Telegram channel named “NAVJOT BHAI.” The exchange has stated that this individual is offering assured or guaranteed returns on stock market investments and is asking investors for their Login ID and Password under the guise of account handling.

The exchange has advised investors to stay away from any such scheme or product that claims indicative, assured, or guaranteed returns in the stock market, as such offers are prohibited by law. NSE has also clarified that the concerned individual is not registered as a member or authorized person of National Stock Exchange of India Limited.

Investors are also advised not to share their trading credentials, such as user ID or password, with anyone. The exchange has provided a “Know/Locate your Stock Broker” facility on its website, where details of registered members, their authorized persons, and client bank accounts can be verified.

Risks and Available Protection for Investors

The exchange has stated that participation in such prohibited schemes is entirely at the investor’s own risk, cost, and consequences. Such schemes are neither approved nor supported by the exchange.

If investors get involved in any dispute arising from such schemes, they will not be entitled to investor protection under the exchange’s jurisdiction. Furthermore, mechanisms like the Exchange Dispute Resolution Mechanism and Investor Grievance Redressal Mechanism administered by the Exchange will also not be available in such cases.

This warning comes at a time when investment advice and trading claims are spreading through social media and messaging channels in the capital market. In this context, verifying registration status, authorized persons, and bank account details remains a crucial precaution for investors.

Our previous report discussed the NSE warning regarding the alleged guaranteed return/account handling offers operated under the name 'Navjot.' The article also highlighted that in such cases, investor protection, dispute resolution, and grievance redressal mechanisms are not available, so investors should check the broker/authorized person’s registration and declared bank account details on the exchange’s website.

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