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HSBC Mutual Fund has recently issued a clarification regarding a fake WhatsApp group, created by an individual falsely depicts to be associated to Venugopal Mangat, CIO, HSBC MF.
The fund house has asked the investors not to entertain any requests from a WhatsApp group called ’85-HSBC Global Academy’ as it is trying to deceive the public.
The fund house said, “Please note that neither Mr. Venugopal Manghat, in his personal or professional capacity, nor HSBC Asset Management (India) Private Limited, its employees, Directors, or any affiliated group companies, are associated with this WhatsApp account or its activities. We want to make it clear that we disclaim any responsibility for any losses, damages, or liabilities arising from such fraudulent activities. We urge investors, distributors, their clients to stay vigilant and not fall victim to such scams. HSBC Mutual Fund and HSBC Asset Management (India) Private Limited are not affiliated with this unauthorized WhatsApp group or any claim made by it.”
The fund house has also advised investors to only rely on HSBC’s official channels including its WhatsApp accounts, official website and social media channels for any information related to their products.
