There are some finflues, like those who crack out on YouTube, who fill their pockets by limeing small retail investors. One such name has been seen in the news for the last few days. This is the name of Asmita Patel. Who likes to call herself ‘She Wolf of the Stock Market’ and option Queen. If you are not connected to them then you are lucky because connecting them directly means losing your earnings.
Lime
She Wolf of the Stock Market i.e. Asmita Patel has now been surrounded by Sebi and you will be surprised to know their exploits. Asmita Patel runs a school where she teaches investment lessons. Selling courses like LMIT and MPAT, she claims that if her strategy is learned, you can get up to 300 per cent returns from the stock market. She used to say that whatever stock market will know by coming to her school, her fleet will be crossed. There will never be a shortage of money in his house.
Dream world different from reality
It is also claimed that she manages a portfolio of Rs 140 crore. But the reality is completely different from this dream. When SEBI investigated the books of Asmita Patel, the shocking figures were revealed. Asmita Patel, who showed the dream of 300 per cent returns, made a profit of just Rs 12.28 lakh between 2020 and 2024. Not only this, she is managing a portfolio of Rs 15 crore, not Rs 140 crore.
Asmita Patel weaved such a lie in front of retail investors that she could not know the truth. But now SEBI is engaged in opening their pole.
Asmita Patel used to openly say on YouTube channel to quit his job and take money in the market and become rich. Around 42 people complained to SEBI that they were sold different courses. These included courses like Masters in Price Action Trading i.e. MPAT, Lets Make India Trading (LMIT), Options Multiplyer, Trend Folling Income Systems i.e. TFIS.
Consciousness will fly after hearing fees
If you know the fees of these courses of Asmita Patel, who ruined retail investors from her school, you will be surprised. Asmita Patel has charged up to Rs 7 lakh for each course. If you add GST to this, the total fees used to be Rs 1.25 lakh. Before taking admission in the course, one had to deposit 1 lakh rupees and the remaining amount had to be paid in three installments.
After the complaints, when SEBI investigated the matter, the truth came to the world. SEBI has seized Rs 53 crore from Asmita Patel Global School of Trading and 5 institutions associated with it.
Now we know how Asmita Patel used to trick investors. Asmita Patel and other teachers of her school showed dreams by showing fake examples to draw retail investors. For example, a CA earned Rs 12 crore by investing 30 lakh rupees. Or an engineer left his full time job and earned 80 lakh rupees.
New twist in the story
Now a new twist has come in this story. When Asmita Patel was under investigation on the charge of giving Eagle Investment Advice, she was also the autonomous person of Share Khan at that time. And as she was advising investors.
Whereas according to the rules of SEBI, it is the responsibility of the brokerage firm that the authorized person is fulfilling the rules. For more information in this case, Moneycontrol had sent some questions to the share on the mail so that the matter could be better understood.
In response, the brokerage firm said, Asmita Patel is no longer our authorized person because we do not have any association with any person who are involved in such disturbances. Moneycontrol also repeatedly tells its readers about such news so that you do not get caught in any difficulty.