Radhika Gupta warns against impersonators promising stock, crypto tips

Radhika Gupta, CEO of Edelweiss Mutual Fund, has raised an alert about fake profiles impersonating her across multiple social media platforms, including X (formerly Twitter), Instagram, Facebook, and WhatsApp and claiming to offer stock tips or recommend crypto.

“There are fake profiles of me on X, Insta, Facebook and WhatsApp. Many of them. My real handles on all platforms are all verified and I don't actively use Facebook," Gupta wrote in a post on X.

https://x.com/iRadhikaGupta/status/1962927934639145382


Radhika Gupta clarified that she does not offer stock tips or recommend cryptocurrency investments on any platform, stressing that impersonators are attempting to mislead investors using her name. Gupta added that all her official social media handles are verified.

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She also urged the public to stay cautious and report any suspicious accounts they come across.

“Sorry for this, and please report any fakes you see,” the CEO of Edelweiss Mutual Fund further posted on X.

The incident highlights the rising trend of fake accounts in the financial space, where fraudsters often exploit the names of well-known industry leaders to spread misinformation or trick investors.

Meanwhile, Radhika Gupta, in her previous social media post, talked about how monthly SIPs can create wealth, but only with patience. She called it the aam crorepati ki kahaani, highlighting how consistency in SIPs can help build a sizable corpus.

“Aam Crorepati ki Kahaani. Can SIPs make you rich? Yes, if you give them time,” she wrote.

https://x.com/iRadhikaGupta/status/1961344650788348141

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The post was in response to an X user’s claim that a Rs 10,000 SIP could grow into over Rs 1 crore in 15 years, along with a list of the top 10 equity mutual funds.

These 10 funds included large & mid cap, mid cap, and small cap funds and also had Edelweiss Mid Cap Fund at the second position.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)