The National Stock Exchange (NSE) has cautioned investors against dealing with two individuals—Manish Kalyankar, who claims to be associated with an entity called ‘VedacreationIn’ and Vijay Kumar, who claims to be associated with ‘Navjot Bara’—for allegedly offering assured returns from stock market investments and account-handling services
According to separate investor advisories issued by the Exchange, both cases involve unauthorised persons soliciting investors and seeking access to their trading credentials.
In one
advisory, NSE said it had received information that Manish Kalyankar, purportedly linked to Vedacreation In, was operating through mobile numbers 7768946234 and 7304945757, a Facebook page named ‘VedacreationIn’ having a link ‘https://www.facebook.com/vedacreation.in’, and a WhatsApp group named “INTRADAY LEVELS” having a link ‘
https://chat.whatsapp.com/F6HG8mt3SoM3N0OeXvFt6Y?mode=gi_t’. The Exchange stated that the individual was allegedly providing securities market tips, promising assured or guaranteed returns and offering account-handling services while asking investors to share their login IDs and passwords.
In a separate
advisory, NSE warned investors about Vijay Kumar, who claims to be associated with a person named Navjot Bara and is allegedly operating through mobile number 9660707099 and a Telegram channel named ‘Navjot Bara’ having the link ‘
https://t.me/best_expart_team’. According to the exchange, the individual was offering guaranteed returns from stock market investments and account-handling services and was seeking investors' trading credentials.
NSE emphasised that schemes promising indicative, assured or guaranteed returns in the stock market are prohibited by law and advised investors not to subscribe to such offerings. The exchange also urged investors not to share their trading user IDs, passwords or other credentials with any person or entity.
The Exchange clarified that neither the individuals nor the entities mentioned in the advisories are registered members or authorised persons of any NSE-registered trading member. Investors have been advised to verify the credentials of brokers and authorised persons through NSE's ‘know/locate your stock broker’ facility before dealing with any intermediary.
NSE further warned that investors participating in such unauthorised schemes do so entirely at their own risk. In the event of disputes arising from such schemes, investors may not be able to avail themselves of Exchange-administered investor protection benefits, dispute-resolution mechanisms, or grievance redressal facilities.
The Exchange has advised investors to exercise caution and verify the registration status of any person or entity claiming to provide stock market-related services before transferring funds or sharing account information.
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