SEBI’s investigation has exposed the truth behind Asmita Patel, the self-proclaimed “She Wolf of the Stock Market.” Despite her bold claims of managing portfolios worth ₹140-₹280 crore, SEBI’s findings reveal that her story was used to promote high-priced trading courses, promising unrealistic returns. With ₹54 crore in illegal earnings impounded and a possible ₹104.6 crore seizure pending, the reality of her financial empire is far from what she portrayed.
Ashmita Patel, who famously branded herself as the “She Wolf of the Stock Market” and “Options Queens,” has been exposed for making exaggerated claims about her trading success. According to an investigation by the Securities and Exchanges Board of India (SEBI), Patel and her company, Asmita Patel Global School of Trading Pvt Ltd, earned just ₹12.28 lakh through trading over four years, a stark contrast to the astronomical profits she claims.
The SEBI investigation, reality vs. claims
While Patel promoted her trading courses with promises of up to 300% returns and claimed to manage portfolios worth ₹140 crore to ₹280 crore, the SEBI probe found her total account turnover between 2019 and 2024 to be just ₹15.27 crore. Her claims of handling massive funds through her “proprietary trading systems” were deemed baseless.
In an order dated February 6, SEBI stated
“As per the reply received from stockbrokers, the Notice Nos 1 (Ashmita Patel Global School of Trading Pvt Ltd) and 2 (Ashmita Patel) have earned a Net Profit (after charges) of INR 12,28,365 during the period from 2019-20 up to January 30, 2024.”
Crackdown on illegal gains
SEBI’s findings not only exposed Patel’s misleading marketing tactics but also led to the impounding of ₹54 crore in illegal earnings from the school, its directors, and three associated entities. Additionally, SEBI has asked the six accused parties to explain why ₹104.6 crore, collected as course fees from unsuspecting students, should not be seized.
A lesson in misinformation
Patel’s business model relied on positing herself as a trading guru, selling high-priced courses under the LMIT and MPAT programs. However, SEBI’s probe has shattered the myth surrounding her trading prowess. The self-proclaimed “She Wolf” now faces serious regulator action, the provision that in the stock market, facts always outweigh hype.