Kotak Mutual Fund has issued a public caution notice to alert all its investors, and the public, regarding a fake/deceptive/fraudulent group created on social media platform Whatsapp.

The fund house mentioned that a fake/deceptive/fraudulent Whatsapp group under “Kotak Club - 213” is there and is impersonating Kotak Mahindra Mutual Fund. It is engaging in fraudulent activities such as providing tips for stocks/trades in securities market and misusing the name of senior executives, logo, and Kotak brand name.

The notice also mentioned that such a group is formed with an intention to defraud and mislead the general public.

“This is to further caution the public that Kotak Mahindra AMC has not authorized any person to undertake creation of the above-mentioned fake social media group or undertake any activities related to this said group. The fund house said that it is in no way associated with these fake social media groups created by these fraudsters,” the notice read.