He was reacting to a story about how a Bengaluru-based software engineer lost nearly ₹91 lakh to people who offered him “online training” in the stock market.

The stock market as an avenue to increase one's resources and expand one's horizons has gathered additional momentum in the recent past. With the advent of high-speed internet and cheap mobile data, curiosity about equity markets and activities in the realm has skyrocketed.

Nithin Kamath, founder and CEO of Zerodha, has expressed concerns about the rising number of financial frauds, particularly those targeting unsuspecting individuals on social media platforms. Market Scam Kamath highlighted a case where a Bengaluru-based techie lost Rs 91 lakh in a stock market scam.

Bengaluru: A 39-year-old software engineer, Ranjan (name changed), lost nearly Rs 91 lakh in a sophisticated stock market scam involving fake trading apps and promises of massive returns. The incident highlights the growing menace of financial frauds,

Zerodha’s Nithin Kamath has shared safety tips to prevent online investment scams. Kamath shared a news article that stated a software engineer lost nearly Rs 91 lakh to fraudsters who offered him online training in the stock market.

Zerodha CEO Nithin Kamath raised concerns over a spike in financial frauds after a Bengaluru-based techie lost nearly ₹91 lakh in a stock market scam.

Nithin Kamath, CEO of Zerodha, raised concerns about the increasing stock market scams, highlighting a recent case where a tech professional lost Rs 91 lakh through a fraudulent WhatsApp group. He advises online vigilance,