HSBC has warned the general public about scams happening through WhatsApp. HSBC Asset Management has identified fake accounts and groups on WhatsApp. People are being trapped through these. HSBC Asset Management (India) Private Limited (AMC), the investment manager of HSBC Mutual Fund's schemes, said that these fake accounts have been created with the intention of misleading the common people. Trusting them can prove to be costly for people. The press release said that 118 - HSBC Asset Management is one of the fake accounts on WhatsApp.

You may get cheated
HSBC said that such groups and accounts on WhatsApp are not being run by AMC or any of its employees. 118 HSBC Asset Management is included in these fake accounts. Wrong information is being shared on these groups, which people are trusting. HSBC has advised us to avoid trusting such information. HSBC Asset Management said that such accounts have not been created on our behalf.

If the user suffers any loss by trusting them, we will not be responsible for it. We strongly condemn these deceptive actions and urge people to exercise caution to avoid falling prey to such fraudulent accounts and groups.

Misuse of name

AMC said that it is important to note that this may not be the only platform where the AMC fund or its official name may be misused. Scammers may try to scam through other channels using the AMC or fund brand.

Avoiding fake WhatsApp groups

The company has shared its official mail with its social media handles, requesting people to inform them about any WhatsApp or social media group involved in fraudulent activities. The company said that if you notice any suspicious group or fraudulent activity in the name of AMC, fund, or its officials, please inform us at investor.line@mutualfunds.hsbc.co.in, so that we can take appropriate steps to deal with these actions. Do not promote any such activity.

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

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