Nikhil Kamath red-flags scam

New Delhi: Sharing an image on the social media platform X promoting a WhatsApp group to join for stock tips, leading stock broker Zerodha co-founder Nikhil Kamath on Friday said it’s a scam.

He asked users to report the advertisement, saying that he never had any WhatsApp group for stock tips. “Scam alert, this is obviously not from me, I have never had or have any WhatsApp groups, nor do I give tips etc. Please report these,” Kamath wrote. “Also to all the brands who reach out, I don’t do paid promotions/collaborations/ads/paid speaking engagements of any kind,” he added. A lot of users reacted to Kamath’s post and appreciated him for alerting them against such scams.