New Delhi, April 4 -- The Indian stock market has witnessed incredible growth and expansion over the past four to five years, with retail investor participation surging.

The number of Demat accounts has soared from 121.6 million in May 2024 to approximately 190 million by February 2025, according to data from Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL).

While this growth is promising for the country's financial landscape, it also raises serious concerns about fraudulent schemes targeting relatively new and inexperienced retail investors transitioning from fixed-income investments to equity markets.

A recent study by the Securities and Exchange Board of India (SEBI), revealed that between...