Kotak Mutual Fund scams on the rise, warns company: How to spot fake Telegram groups

Fraudulent Telegram groups are on the rise, scamming users on the grounds of everything from gaming hacks to cryptocurrency scams. A new threat has now come up in the form of fake Telegram Groups that aim at luring investors into putting their money in scams under the guise of Mutual Funds. In a press statement, the Kotak Mahindra Bank has warned users against falling prey to such fraudulent groups. Such Telegram groups often use the promise of large returns to attract users and their money, which is not true.