Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Can I Recover My Funds Lost to VIP Trading in WhatsApp Group Associated With UPSTOX?

Milind Vadjikar |1238 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Feb 10, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Asked by Anonymous - Feb 10, 2025Hindi

Listen

Money

Dear Sir, I seek your guidance regarding a financial matter related to a VIP trading account operated through a WhatsApp group. There are numerous VIP trading accounts in WhatsApp groups, including those associated with UPSTOX, particularly under Mr. Milan Vaishnav and Ms. Pallavi Gandhi. I invested ₹20 lakhs in this account; however, I have not seen any progress in terms of trading or withdrawals. Additionally, they are now requesting further investments for block trading and IPO participation. Given these circumstances, I would like to know if I can recover my funds with the assistance of Cyber Crime and SEBI. Your advice on the appropriate course of action would be highly appreciated. Looking forward to your response..

Ans: Hello;

General Comments:

This tendency to get rich quickly(nothing wrong with it) is okay but in that quest people make terrible mistakes and realize their loss when it is almost too late.

Only appropriate way to get rich in a short time is to start your own business and scale it up fast. It needs smart hardwork and little bit of luck. We have many start-up founders in their early thirties already multi millionaires. Let's leave lottery, FNO, ancestral wealth etc , out of purview.

Specific Comments;

You must complain to the Police and SEBI/RBI urgently to recover your capital.

Do not fall for such gimmicks henceforth.

Best wishes;

Asked on - Feb 11, 2025 | Answered on Feb 11, 2025

Listen

Thank you for your valuable suggestions sir. I was supposed to contact you earlier.

Ans: Welcome!

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Samraat Jadhav |2302 Answers |Ask -Follow

Stock Market Expert - Answered on Jun 03, 2024

Asked by Anonymous - Jun 01, 2024Hindi

Listen

Money

I have invested 4L rupees in a not SEBI registered online trading company named Blackstone fx..I applied for 1634 shares for Rulka IPO. They haven't mentioned that it is a bunch of 100 shares..so total number of shares I applied for 163400..they allocated me 8000 shares with market value 18.8L.so my 4L money get stuck..now after that incident I repeatedly tell them to cancel my order they are freeze my account..what should I do.. should I go for cyber crime?

Ramalingam Kalirajan |8620 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on Aug 22, 2024

Question by Yashvir - Aug 22, 2024Hindi

Listen

Money

Sir , I became a victim of cyber crime. Following legal procedure Court ordered cyber police to recover 331000/- from the freezed amount from scammers account in April'24 and cyber police sent mails to Indu Sind Bank to release the amount,but the bank kept mum. Then I lodged a complaint with PMO and RBI after writing several mails and Cyber Police also sent several reminders to the Bank. RBI took immediate action and sent mail to the bank. The entire process took more then 4 months. Finally bank informed me that only Rs 83000/- is available in scammer's account which was given to me. What a I feel is , if had the bank taken immediately action after receiving court order from cyber police, I could have been paid entire amount of Rs 331000/- Since I am in great loss because of bank delaying credit for 5 months , Should I involve again RBI to request to get me balance amount?? Your advice please.... Show quoted text

Ans: It's unfortunate that you've faced this situation. You acted correctly by involving the legal process. The bank's delay is indeed concerning.

Bank’s Delayed Response
The court’s order was clear, and the bank’s delay caused a significant loss. Timely action by the bank might have resulted in full recovery.

Consider Involving RBI Again
Given the circumstances, it would be prudent to involve RBI once more. You should explain the loss incurred due to the delay in their action. It is essential to request RBI’s intervention to ensure the bank fulfills its responsibilities.

Legal Advice Option
You may also consider consulting with a legal expert. They can guide you on whether further legal action against the bank is possible.

Final Insights
Your efforts were commendable, and your next steps should focus on accountability. Holding the bank responsible for its delay is important.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in

Latest Questions

Nitin Narkhede |79 Answers |Ask -Follow

MF, PF Expert - Answered on Jun 01, 2025

Asked by Anonymous - May 31, 2025

Money

I want to retire at 55 my age is 45 life expectancy 80 current monthly expenses is 20000 how much need amount for retirement

Ans: Dear Friend, your question is incomplete; you need to share many points, like what your liabilities are, what earnings you are going to work for, and we can create a hypothesis depending on what you have shared. which can be partially correct. You need to accumulate around ?1 to 1.1 crore by age 55 to retire comfortably with ?20,000/month in today’s value for 25 years. Review annually and invest consistently in equity mutual funds, PPF, or NPS depending on your risk profile. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Nitin Narkhede |79 Answers |Ask -Follow

MF, PF Expert - Answered on Jun 01, 2025

Question by Yes - May 31, 2025

Money

I am 38 years old divorced men and I loss 18 lakh in option trading now a days I have no capital and not any income source mentality fully harassed can any body help me ,7 loan EMI Defaulter and 2 credit card defaulter please help

Ans: At 38, after a divorce and losing ?18 lakhs in options trading, with no income and multiple loan and credit card defaults, it’s understandable to feel overwhelmed. But this isn’t the end. First, speak to a credit counselor or financial advisor—many offer free services. Consider a one-time loan settlement with banks or restructuring. Focus on finding any stable income—gig work, freelancing, or part-time jobs—to begin rebuilding. Mental health support is just as important; talk to someone. You’re not alone, and this phase, while hard, can be turned around one step at a time. Keep hope alive. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Komala - May 29, 2025

Career

I scored 320 marks in neet ug 2025 and i am a st category student in karnataka and i have a esic certificate can i get a govt mbbs seat in karnataka and also reply me sir shld i put couselling in state quote or in AIQ

Ans: Hi Kamala,
The NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a chance of getting into GMC (ESIC quota) and it depends on various factors like the difficulty level of NEET exam and the number of seats. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Gangadhar - May 29, 2025

Career

For 570 marks in Neet 2025, what rank can I expect.

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

My daughter (OBC NCL) has scored 260 marks in neet UG 2025. What are her chances of getting selected in any medical course.

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, getting into GMC is challenging one. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

Hello sir. I have given NEET UG 2025 and I'm expecting a score of around 340 marks sir. Can you please tell me if I have a chance of getting a gmc seat if I'm obc ncl from Assam?

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a slim chance of getting into GMC in Assam. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Pavithra - May 29, 2025

Career

My son expect 437 marks in neet 2025and belongs tost category can help getting medical seat in Karnataka state quota sir

Ans: Hi Pavithra, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a chance of getting into GMC and it depends on various factors like the difficulty level of NEET exam and the number of seats. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by gKalaiyarasi - May 29, 2025

Career

Sir my daughter's expected neet score 220+ and we belongs to sc category is there any chances to get bds under pvt college through govt quota only?

Ans: Hi Madam,
The NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a chance of getting admission based on management quota private colleges. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

My daughter expects 535 in NEET 2025 and has SCG category from karnataka. Does she get govt medical seat under state quota?

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a chance of getting into GMC. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

My Son Complete MD Microbiology in 2014, what will be future as Teacher Doctor, Consultant, Consultancy

Ans: Sir, there is something suspicious about the question. He completed the course in 2014, so what is he doing now? Based on his 11 years of experience, we can only predict the future.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x