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How to identify and avoid scams

  • Aug 13, 2025

In financial services and broking, a lot of private information is shared among investors, exchanges, and depository participants. However, all this information is also extremely vulnerable to cybercrime attacks in the forms of a scam or a phishing attack. If successful, these not only cause serious financial losses but also a much worse breach of confidential information that can be potentially dangerous too.

Being one of the leading full-service broking houses in the country that prizes reliability as one of its foremost values, we, at Mirae Asset Sharekhan, wish to ensure that our customers enjoy a safe, secure and seamless experience. With the below guidelines and instructions, you can learn how to pick out and avoid scams without any worries.

Initiate all fund transfers ONLY through our official platforms

For the ease and convenience of our customers, we have developed a seamless and 100% online process for fund transfer that can be conducted both through our app or the Mirae Asset Sharekhan website (www.sharekhan.com). All that one must do is log in to either of these platforms to transfer funds securely and swiftly.

We strongly caution you against using any third-party apps, websites or unidentified links sent through email or SMS, to initiate or conduct fund transfers. We also advise you to refrain from using apps and websites that might misuse elements such as our entity name for the sake of impersonation, to deceive you with a cyber fraud.

Identify the genuine Mirae Asset Sharekhan app

It is common that even on reliable application stores such as Play Store and App Store, there are many false duplicates and imitations of the original apps as they are. This has also proved to be true of apps of financial services and full-service brokers. You might see quite a few apps named Sharekhan or any of the false and unofficial variations which can be downloaded from Play Store or App Store.

To avoid downloading any app that can be a form of impersonation and a scam, we advise you, in Play Store, to look for the publisher’s name as Sharekhan Limited. This is displayed below the name of our app. In App Store, you must look for the developer’s name to be Sharekhan Limited. It is also advisable to download the app from Play Store or App Store only and not click on any unidentified links for downloading any apps.

Know the genuine Mirae Asset Sharekhan websites

Just as it is recommended, for your safety, to only the genuine Mirae Asset Sharekhan app, it is also important that you use and browse through only the genuine Mirae Asset Sharekhan websites. There might be many false websites which would use our entity names as fraud to deceive you into sharing private information. Therefore, we recommend you visit only the website links given below:


Know our genuine SMS handles

SMSes, too, are a means for cybercriminals to carry out their phishing and other fraudulent attacks to access and steal private information. Therefore, to avoid falling for a scam by clicking on any fraudulent link in a SMS, we advise you to open only SMSes that have been sent with the below genuine short codes.

Beware how the Group Chat scam works

  • You receive an invitation to join a group chat on a popular social messaging app, such as WhatsApp or Telegram, appearing to be from Mirae Asset Sharekhan.
  • The group chat is filled with fake testimonials and a scam with promises of unrealistically high returns on your investments.
  • Scammers then pressure you to transfer large sum of money, claiming it will make “guaranteed profits”.
  • To build credibility, they may ask you to install an app that mimics the official Mirae Asset Sharekhan app.

We advise you to report this act of fraud whenever you come across it.

Identify our Genuine Mirae Asset Sharekhan WhatsApp Number

One way to avoid this scam is to always keep a note of our genuine WhatsApp number so that you always get messages and updates from an official channel only:

We hope that you find these guidelines and instructions useful and we wish you a safe and seamless investment and trading experience.

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by Team Mirae Asset Sharekhan

Guiding Wealth Creation since 1995

We've been ranked as India’s No. 1 Retail Broker by Asiamoney Brokers Poll 2023. Here, we bring you the latest in the world of Trading and Investments in our effort to Make the Markets work for YOU!

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