Beware of Fake Portfolio Managers and Advisors: Protect Your Investments

Groww Does Not Have In-House Portfolio Managers

At Groww, transparency and security are our top priorities. We want to clarify that Groww does not have in-house portfolio managers or advisors. Any individual or entity claiming to be associated with Groww as a portfolio manager or offering personalised investment advice on behalf of Groww is not legitimate.

Our platform is designed to empower users with the tools and resources needed to manage their investments independently. We provide access to a wide range of financial products and educational content to help you make informed decisions.

If you encounter anyone claiming to be a Groww portfolio manager, please report them immediately to our Trust and Safety team.

How to Protect Yourself From Fake Portfolio Managers & Advisors

To avoid falling victim to fake investment portfolio managers or advisors, keep the following tips in mind:

1) Verify Credentials

Always check the credentials of anyone offering investment advice. Look for their registration with regulatory authorities and their track record in the industry.

2) Beware of Unrealistic Promises

Be cautious of anyone promising guaranteed high returns with little to no risk. No legal entity would make such claims. Hence, consider stepping away from such potentially fake advisors who claims so.

3) Watch Out for Social Media Scams

Fraudulent portfolio managers often contact potential victims through social media platforms like WhatsApp, Facebook, Telegram, or even LinkedIn. Be wary of unsolicited messages from people claiming to be investment advisors. Genuine financial services companies will not approach you in this manner.

4) Do Not Share Personal Information

Never share your login credentials and personal or financial information with anyone who is not a verified representative of a trusted financial institution.

5) Report Suspicious Activity

If you encounter any suspicious individuals or activities, report them to Groww’s Trust and Safety team immediately. We take these reports seriously and will take appropriate action to protect our users.

How to Report ?

Fraudsters might claim themselves as Advisors or Portfolio Managers associated with Groww. In case you come across such, make sure to report it via our official channels-

• Groww App: You can raise a ticket through the application and report your grievance.
• Groww Helpline: You can report suspicious activity by emailing [email protected] or calling 08068249147.
• Groww’s Official Social Media Handles: You can connect with us via our official social media channels, such as Instagram, Linkedin, X, Facebook, etc., to highlight your concerns.
• Cyber Cell: You can also file a report against the fake portfolio managers with the Cyber Cell of India. The right authorities can help you file the report and get your complaint resolved.

Conclusion

Your financial security is of utmost importance to us at Groww. By staying informed and vigilant, you can protect yourself from fraudulent activities and ensure that your investment journey is safe and successful.

Always remember, Groww does not have in-house portfolio managers or advisors, and any claims to the contrary should be treated with suspicion. Stay safe, stay informed, and invest wisely.