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SEBI shows finfluencer ‘Baap of Chart’ who’s the real big daddy of Dalal Street

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Finfluencer “Baap of Chart” (AKA Mohammad Nasiruddin Ansari) is in hot water with a jaw-dropping fine of Rs. 17.2 crore slapped on by regulator SEBI.
With more than 5 lakh followers, Ansari had a bull run on social media, promising “educational” courses on how to make moolah, all without a SEBI registration. In case you didn’t know, SEBI (Securities and Exchange Board of India) is the big boss when it comes to stock market regulations.

Fast forward to October 26, and SEBI dropped a bombshell, banning Baap of Chart from the stock market and dishing out that mind-blowing fine. Ansari has been accused of leading folks down the garden path with misleading info, selling pricey courses, and making them dabble in stocks without a SEBI nod.

It turns out Ansari was playing the role of an investment advisory, telling people which stocks to buy or sell, all without the required SEBI registration.

But wait, there’s more! SEBI didn’t just single out Ansari; they put two other characters in the spotlight: Golden Syndicate Venture Private Limited (GSVPL) and Rahul Rao Padmavati. These two entities were also banned from monkeying around in the stock market, and the cash they collected? Yup, SEBI’s got its eyes on that too!

Now, let’s get to the nitty-gritty. Baap of Chart claimed to be an “auto trading software” for the Indian futures and options market, bragging about a 95% profit accuracy. Sounds amazing, right? Well, not according to SEBI.

SEBI revealed that Ansari is the brains behind Baap of Chart and that his social media game was strong, with over 4.43 lakh subscribers on YouTube and 53,000 more on Telegram. He posted videos like “Bas 5 minutes me Sureshot Profit Kro | 3 Pm Strategies” and “Power of Trading | How to make 5 to 10 Lakhs every Month.” These videos promised quick cash and consistent returns through trading.

Ansari went as far as to guarantee profits through the strategies he taught in his courses. SEBI even received a complaint from someone who claimed they had to shell out Rs. 6,000 for one of his strategies. Screenshots of the WhatsApp group run by Ansari supported SEBI’s findings that he was luring people into investing by promising profits.

While Baap of Chart’s website did have a disclaimer, SEBI wasn’t impressed, calling it “ambiguous.” In the finance world, that’s like red flashing lights.

And here’s the kicker – this isn’t the first time SEBI has reined in a “finfluencer” for playing fast and loose with unregistered investment advice. SEBI also went after another finfluencer PR Sundar earlier this year, slapping him with a hefty Rs. 6 crore penalty and banning him from trading. SEBI’s taking a stand, reminding all the wannabe financial gurus out there that they mean business when it comes to regulating the investment world.

 

With over 30 years of journalistic experience, Aparna is a media maven who has been at the forefront of the media business for over two decades. Renowned for her pioneering spirit, she spearheaded the launch of many popular Indian websites focusing on the aspects of the television industry and has also served as the founding editor of the nation’s premier music trade print magazine.

Finance

Finance Experts on Social Media Make Managing Money Easy

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Finance education is essential for managing personal finances. In today’s digital era, Finance Educators, aka Finance Influencers, have emerged to make things more accessible so you can understand them better. Financial influencers are here to help you manage your finances more effectively. Financial education has become accessible quickly because the Finance Influencers are here to help us. 

Neha Nagar @iamnehanagar

Neha Nagar is a CA dropout who started her content creation journey during the pandemic. She is based in Noida and worked in a BPO to save money for her MBA in finance. Now, she owns a taxation consultancy company called TaxationHelp.in. Her content is based on various subjects, from finance, cryptocurrency, taxation, stock market, trading, and government schemes. She has 1.8 million followers on Instagram, a huge turning point. 

Neha Nagar’s influence in the finance industry is a personal achievement, her expertise and dedication are recognized. Crowned as the Finfluencer of the Year by NDTV and Exhibit, she is a former wealth manager, entrepreneur, and angel investor with over eight years of experience. Her content, delivered in a unique and engaging filmy style. However, she is a testament to her commitment to ‘Educating To Master Your Money ‘.

Here is a financial Tip by Neha:

Regularly investing in SIPs can be a powerful strategy for growing wealth. This simple yet effective advice has the potential to transform your financial future.

Himani Chaudhary @thehimanichaudhary

Himani Chaudhary craves a happy ending in financial health from Delhi. She is a full-time content creator, investor, and part-time trader (Swing Trading). Her mission is to simplify finance through her financial education. 

Himani is an NISM-certified research Analyst and an AMFI-regulated Mutual Fund Distributor. She served Deloitte as a Risk Manager for 4 years and studied Data Analytics at IIT Delhi. 

She is a founder of financial.vines. Here, she provides 24-hour Trending Market & Finance Updates. She also gives over 40 Free Online Calculators & Excels to Optimize Personal Finance. 

Her videos cover investments, credit cards, new government rules, stock market, mutual funds, taxes, and financial news.

Here is a financial Tip by Himani:

If you want to take a loan from a bank, always negotiate with 2-3 banks and remove or reduce the processing fee, which can save your lakhs of rupees. 

Udayan Adhye @udayanonmoney

Udayan Adhye is here to simplify finance and investing with his easy tips and tricks. He has been licensed since 2015 and is AMFI & IRDAI registered. He is a Pune-based financial content creator who helps people understand money.

Udayan creates monthly personal finance content that reaches over 20 lakh people and has an Instagram family of 441K followers. He is also the co-founder of an investments and insurance business that works with over 300 families across India. Moreover, They manage a 9-figure+ portfolio in client assets and advise more than 1000 families in the insurance sector. 

He is also a Thriller Novelist with over 50K readers worldwide. He has written a four-book thriller novel series – The Siya Rajput Crime Thrillers. A leading Mumbai-based production house has optioned the series to be a TV show and a major motion picture.

Here is a financial Tip by Udayan:

Invest 10%- 20% of your monthly income in SIPs. Start with a small amount and increase it as and when possible.

Investment should be done with proper knowledge of finance, and these financial influencers can help make it easy and accessible. Follow them to make your financial investments more efficient. 

You should invest wisely with the help of creators discovered on The Reelstars!

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Amazon Unveils Creator University and Creator Connect in India

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Amazon.in is stepping up its game to support content creators with the launch of two exciting programs: Creator University and Creator Connect. These initiatives aim to equip both aspiring and established influencers with the skills and resources they need to thrive within the Amazon ecosystem.

Creator University is a Learning Hub for Creators

This comprehensive program offers practical guidance on every aspect of content creation within the Amazon.in ecosystem. Participants can access:

  • In-depth video tutorials: Learn how to identify the perfect products to recommend, craft engaging content, and effectively drive traffic to Amazon.in.
  • Informative articles: Gain insights on building a strong audience and optimizing content for maximum impact.
  • Interactive workshops: Deepen your understanding through practical sessions on various influencer-related topics.

Creator Connect will Foster Collaboration and Growth

Creator Connect goes beyond education, fostering connections and collaboration among Amazon’s influencer community.

  • Strategic events: These in-person gatherings coincide with major sales events, generating excitement and attracting new creators.
  • Interactive experiences: Workshops led by established creators provide valuable peer-to-peer learning opportunities.
  • Networking opportunities: Connect with Amazon leaders and fellow influencers, fostering collaboration and growth.

The Power of Content Creators

As Gaurav Sharma, a content creator with a 1.3 million strong Instagram following. Moreover, points out, influencers play a crucial role in promoting brands and driving product discovery. Events like Creator Connect create a supportive environment where creators can exchange ideas and connect with Amazon leaders. However, established influencers, and product experts.

Equipping Creators for Success

Kishore Thota, Director, Shopping Experience, India & Emerging Markets, Amazon, emphasizes the importance of empowering creators. Creator University and Creator Connect are designed to do just that. Furthermore, by providing creators with the tools and knowledge they need to succeed on Amazon.in.

Shifa Shaikh, an emerging Instagram creator, echoes this sentiment. Having discovered the Amazon Influencer Program and now Creator University. However, she sees the potential to elevate her content and monetize her work.

Building on Existing Programs

These new initiatives join Amazon’s existing offerings for content creators, such as the Amazon Influencer Program. This program allows influencers to earn commissions on qualifying purchases driven by their content. Furthermore, providing them with a platform to monetize their efforts.

With the launch of Creator University and Creator Connect. Amazon.in is further solidifying its commitment to supporting content creators in India. By providing them with the resources and opportunities they need. However, Amazon is helping these influencers build successful businesses and reach even wider audiences.

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Nikhil Kamath Backs Collective Artists Network in Creator-First Move

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Zerodha co-founder Nikhil Kamath has joined forces once again with entrepreneur Vijay Subramaniam, this time by investing in Collective Artists Network (CAN), a talent management agency led by Subramaniam. This marks Kamath’s second venture with Subramaniam.

The investment facilitates a significant return (over 5x) for InMobi’s Glance, which had previously invested in CAN in 2021. This signals a strategic exit for Glance.

Collective Artists Network

Originally known for its expertise in talent management, Collective Artists Network has evolved into a multifaceted new media powerhouse. Its services now encompass talent management, creator tech, production, creative strategy, influencer marketing, youth marketing, sports sponsorship and consulting, and media distribution. This broad-based approach, as per the company, aims to redefine the creator-driven new media landscape and maximize impact in today’s dynamic media scene.

Collaboration and Shared Vision

This investment comes on the heels of a recent collaboration between Collective and Kamath-backed Gruhas. Together, they launched the ‘Gruhas Collective Consumer Fund (GCCF)’ to support consumer-focused businesses and attract external investments. The fund offers not just financial backing but also mentorship and operational assistance. Furthermore, empowering portfolio companies in marketing and brand building.

Kamath and Subramaniam Have A Shared Belief in the Evolving Media Landscape

Commenting on the investment, Kamath stated that supporting Collective’s vision feels like a natural progression. He has closely observed the company’s growth over the past few years. Furthermore, shares a similar outlook on the potential of the Indian media scene. He expressed his enthusiasm for being part of Collective’s journey as they challenge the status quo and redefine the media landscape and creator ecosystem.

Vijay Subramaniam, Collective’s Founder and Group CEO, echoed Kamath’s sentiment. He views Kamath’s investment as more than just financial support; it signifies the trust and collaboration they’ve built over time. Subramaniam has long emphasized the need to institutionalize the largely unorganized media and entertainment space in India. This vision, he believes, will ensure shareholder value and set new benchmarks in media, technology, and entertainment.

Subramaniam further acknowledged Glance’s role as a valuable partner and expressed his appreciation for their trust in Collective. He also highlighted his shared belief with Kamath that India is poised to become a global media powerhouse. However, with media and entertainment playing a pivotal role in the country’s growth story.

Stay tuned for more updates on this new collaboration between the Bangalore-based entrepreneurs.

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