Came accross this news , Thought of sharing it with Everyone - Beware of Such Calls !!!
The stock market is cracking and equity portfolios are awash in red. But Rahul Patil, a business development executive with the Ahmedabad-based equity advisory firm Radhe Advisory, has an investment plan that can erase your losses and put you on the path to profit. "If you join our premium plan for Rs 50,000, you can make Rs 1 lakh within 35 days," says Patil.
Sounds unbelievable? Patil (who has called us after we registered on another site Krishna Stocks, which is no longer functional) doesn't think so. He insists that if we join their moneyback plan, we can make big money in no time. What they are not revealing to us (and possibly to hundreds of other investors) is that the Rs 50,000 is the fee for a service of trading tips sent by SMS.
If you invest as per the tips given by the research team, you could make a profit of Rs 1 lakh in a month. "Chances are such outfits are hand in glove with market operators and take investors for a ride," says Ajay Bhaskar, head of retail, Prabhudas Lilladher, a brokerage house.
Hundreds of investors from acrossIndia
Most established brokerage houses such as Prabhudas Lilladher and Nirmal Bang send trading tips to their clients free of charge. Others charge a fee, but it's not even close to the Radhe Advisory charges. For instance, the Power Your Trade service, promoted by Network 18, charges Rs 450 a month. A two-year package costs Rs 4,320.
Still, informed investors walked into the trap laid by Krishna Stocks with eyes wide shut. Hyderabad-based Kollol Chaudhury (read his account below) makes a fair amount from trading in shares and is aware of the SMS services on offer. Yet, he fell for the temptation of easy money and put in Rs 10,000 in Krishna Stocks last year.
"This is only the tip of the iceberg. The problem will become bigger as more sophisticated instruments are introduced," says Virendra Jain, founder of the Midas Touch Investors' Association. "There should be a regulatory mechanism to check such outfits."
Sounds unbelievable? Patil (who has called us after we registered on another site Krishna Stocks, which is no longer functional) doesn't think so. He insists that if we join their moneyback plan, we can make big money in no time. What they are not revealing to us (and possibly to hundreds of other investors) is that the Rs 50,000 is the fee for a service of trading tips sent by SMS.
If you invest as per the tips given by the research team, you could make a profit of Rs 1 lakh in a month. "Chances are such outfits are hand in glove with market operators and take investors for a ride," says Ajay Bhaskar, head of retail, Prabhudas Lilladher, a brokerage house.
Hundreds of investors from across
Most established brokerage houses such as Prabhudas Lilladher and Nirmal Bang send trading tips to their clients free of charge. Others charge a fee, but it's not even close to the Radhe Advisory charges. For instance, the Power Your Trade service, promoted by Network 18, charges Rs 450 a month. A two-year package costs Rs 4,320.
Still, informed investors walked into the trap laid by Krishna Stocks with eyes wide shut. Hyderabad-based Kollol Chaudhury (read his account below) makes a fair amount from trading in shares and is aware of the SMS services on offer. Yet, he fell for the temptation of easy money and put in Rs 10,000 in Krishna Stocks last year.
"This is only the tip of the iceberg. The problem will become bigger as more sophisticated instruments are introduced," says Virendra Jain, founder of the Midas Touch Investors' Association. "There should be a regulatory mechanism to check such outfits."
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