Warning: Zerodha’s Nikhil Kamath Promotes Giving Stock Tips – Be Aware of Scam

New Delhi, April 12 (IANS) Leading stock broker Zerodha co-founder Nikhil Kamath warned users about a scam on social media platform X, promoting a WhatsApp group for stock tips. He clarified that he never had any WhatsApp group for stock tips and urged users to report the advertisement.

In a statement, Kamath said, “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.” He also mentioned, “Also to all the brands who reach out, I don’t do paid promotions/collaborations/ads/paid speaking engagements of any kind.”

Many users praised Kamath for alerting them against such scams. One user said, “By sharing these scam alerts, you’re not just protecting yourself, but empowering your entire community to spot and avoid these predatory tactics.” Another user appreciated Kamath’s authentic voice and content.

Another user commended Kamath for turning down lucrative opportunities and being committed to preserving the integrity of the platform. The firm stance against paid promotions and collaborations by Kamath resonated with the audience, as mentioned by users reacting to his post.


IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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