Kolhapur: Police have finally nabbed the head of an investment firm for allegedly duping hundreds of customers of crores of rupees.Lohitsing Subhedar, the managing director of Kolhapur-based S A Traders and Developers, was among 26 people booked by the Kolhapur police in November 2022 for duping investors of Rs 4.9 crore by promising handsome returns on investments.Subhedars firm, which was registered in 2017 as a limited liability company, used to promise returns against the investment every month. The directors of the company used to claim that they invest in the booming share market. Initially, they paid good returns on the investments made.Kolhapur police have now found that the money was never invested in stocks. Instead, the early investors were paid from the amount collected invested by new clients. Kolhapur SP Mahendra Pandit said, Yes we have arrested Lohitsing Subhedar. We will reveal more details on Wednesday after he is presented before the court.After the first case was registered with the police, hundreds of investors showed up with their complaints of similar nature. The cops fear the total amount siphoned off by Subhedar and his directors could run into hundreds of crores. The money invested by the people was put in properties bought in the companys name, lavish cars and foreign trips of the directors. The scam is stated to be multi-state. We also published the following articles recentlyUttarakhand govt inks MoU for Rs 2,600 crore investment in stateThe Uttarakhand government has signed MoUs with Mahindra Holidays and Resort India Limited and e-Kuber, worth Rs 1,000 crore and Rs 1,600 crore respectively, during the curtain-raiser event of the Uttarakhand Global Investors Summit. ITC has also proposed an investment of Rs 5,000 crore in the state. The Chief Minister, Pushkar Singh Dhami, has set a target of doubling the states SGDP in the next five years and has introduced new policies to boost investment, including the Tourism Policy and MSME Policy. Roadshows will also be held in London, Singapore, Taiwan, Dubai, and Abu Dhabi to attract investors.Indias first digital fixed-return investment platform Stable Money launchedStable Money, Indias first digital fixed-return investment platform, is now available for download. The platform offers access to fixed deposits, debt mutual funds, bonds, and other low-risk asset classes. It compares FD interest rates from over 200 banks and enables customers to manage and track their FDs using digital tools. Stable Money has secured funding from Matrix and Lightspeed and has partnered with multiple banks and NBFCs. It has gained registrations from over 50,000 users and has introduced new features such as Break FD and FD Laddering. Stable Money will also host an India tour to raise awareness about fixed-income instruments.Why you should not save, but invest your moneyInvesting in assets that can beat inflation is important because if your money is not growing faster than inflation, you are actually losing it. Bank accounts and lockers lose value over time, while fixed income instruments and gold cannot beat rising prices. Equities are the only asset class that consistently beats inflation, with real estate being the only exception. For retail investors, diversified equity mutual funds are the best way to invest in stocks as they require minimal paperwork and diversify risk across a basket of stocks. Different types of diversified equity funds include large-cap, mid-cap, small-cap, multi-cap, and flexi-cap funds.

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