...........“Multiple growth is not possible and any lucrative offer should be crosschecked properly. Investors should not put in their money in companies promising more than 12.5% profit since it is against the RBI guidelines.” He said the investors should also do a thorough background check on the companies’ investments. “Investors should go through offer documents before investing into such companies,” he added. Haider said regulatory authorities like RBI should carry out sensitisation drives more frequently to spread awareness about such schemes or else people would continue to fall in the trap........
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