2024-09-08 01:22:26
New Delhi: Recently, Assam Police has arrested a 22-year-old youth. This youth named Bishal Phukan is accused of a Rs 2200 crore stock scam. This youth had made people invest in the name of giving high returns. Regarding this scam, CEO and MD of Edelweiss Mutual Fund Radhika Gupta has advised investors to keep investing in dal-chawal fund without expecting their fortunes to change overnight. Radhika Gupta said that there is no shortcut to becoming rich. She advised investors to follow ‘dal-chawal’ investment. She stressed that this is a reliable method that avoids risks. 22-year-old boy turned out to be Harshad Mehta’s father, how did he cheat of Rs 2,200 crore, who is this fraud?
there is no quick way to get rich
Radhika Gupta wrote in a post on social media platform X, ‘The fraud of Rs 2200 crore is heartbreaking. How many reminders do we need that there is no quick way to get rich…and usually if such a way is advertised with fancy cars it leads to fatal accidents. Stay safe and stick to dal-chawal investing. It works. Without indigestion.’
What is ‘Dal-Chawal’ fund?
According to Radhika Gupta, dal-chawal fund means funds that are connected to every sector. Just like dal-rice can be eaten in all seasons and includes many sectors. Consider dal-chawal fund as a portfolio that contains funds from many sectors. If there is a loss in one, the other can give profit. It can be said that these funds are designed to give stable returns even in unstable conditions. They invest in different sectors to give stable returns despite fluctuations in the market. These funds are considered reliable and less risky for investors.
What is Assam’s Rs 2200 crore scam?
Assam Police has recently arrested two people named Vishal Phukan and Swapnil Das from Guwahati. They are accused of fraud of Rs 2200 crore in the share market. Both of them used to lure investors with 30 percent return in 60 days. Those who fell into their trap, used to invest their money with them. Later they did not return their money.