Alternative Investment Portfolio – Feb 2025

The current market scenario has gradually shifted from euphoria in September 2024 to fear in February 2025!

It’s natural to feel uneasy about the recent market correction. However, periodic declines of 10-20% or more have always been a normal part of equity markets. These fluctuations have persisted for decades, and long-term wealth is built by navigating multiple market cycles. While volatility has been relatively subdued in recent years, it remains an inherent feature of equities.

Though predicting short-term market movements is challenging, history suggests that this correction, like others before it, will eventually pass. Encouragingly, incremental data points indicate improvements at the ground level, suggesting we are emerging from a mid-cycle slowdown, supported by government spending and monetary policy measures.

One positive aspect of this correction is that valuations are becoming more reasonable, helping to remove excess froth. While market sentiment can swing between optimism and pessimism, sustainable wealth creation comes from patience, discipline, and maintaining a long-term perspective.

During periods of volatility, resilience is key to long-term success. As John Bogle wisely said, “Stay the course. No matter what happens, stick to your investment program… It is the most important single piece of investment wisdom I can give to you.”

It is not just the equity market but many covenants have been breached in the debt market showing broader stress in the market. However, investors should use this opportunity to logically add or reallocate capital.

This drawdown also gives us a perspective on volatility and risk. There are proponents of investing only in Equity. Though it is very tempting during bull markets volatility is hard to digest in bear markets. Most fund managers show monthly returns and in that process, even periods like COVID drawdown don’t look too bad but in reality, if someone had been an investor at that time they would have seen 20-30% of their wealth evaporate in a week or so.

If you are an investor and can avoid looking at your account, you witness less volatility (on a standard deviation basis)! This is an argument for ignoring the path. A balanced allocation can make it easier to have a sustainable portfolio and avoid a roller coaster ride.

New Alternate Investment Platform- Fundbezzie

Fundbezzie is the new addition to our alternative investment portfolio. Some of the salient features of this platform are

• Part of Pantomath Group, an established capital market company
• Unique High Yield Opportunities across asset classes.

The latest Dwarka opportunity is a testament to that and can be explored by investors looking to buy land in a high-growth geography. Many investors are keen to invest in cities where the potential is good but have been deterred by the heavy capital it requires and secondly, it is tough to perform due diligence, etc in places far from you.

Fundbezzie has allowed this to be possible as they allow investment as low as INR 10 Lakh. They have done the due diligence and created a sound legal structure to invest.

Investors interested in Dwarka can show their interest through the below Google form

Dwarka Investment Query

Altifi offers unlisted NCD to selected investors but won’t be available publically, you need to connect with the Altifi RM after registering here.

Alternative Investments Defaults and Delays

We have created a table to make it easy for everyone to track the latest status of ongoing delays and delays on various platforms and the current updates around them.

Name	Deal	Status	Update
Growpital	Platform Freeze	SEBI Freeze	- A company RPJ Tea has proposed to take over Growpital and the investors pending liability
Altgraaf	Arzoo	Partial Repayment	- Litigation Process against Arzoo initiated
Tapinvest	Melorra Asset Leasing/ Growpital Leasing	Early Asset Buyback for Melorra, growpital asset stuck	-Resolution ( Final Payoff Pending) -Growpital Assets identified in Barmer
Gripinvest	Bigspoon	Partial Repayment	- 25% asset recovery pending.
kredx	Multiple deals	Litigation	- Delay in multiple deals such as TCS, Dairy Power, CBRE etc
Tradecred	Bizongo	Delay due to Bizongo Funding	- Repayment expected by March
Bonds	Trucap AGS Transact	Trucap downgrade to BBB- Stable AGS defaults in few obligation	- Coupon increased to 13% ,5 months remaining for repayment. - Grip Monitoring SDI of AGS
Betterinvest	Studio Green	Partial Repayment	- Payment expected by March End for few - Few people got the payment with option to extend deal to June

Currently below are the key new updates on the various delays across Alternative Investment platforms.

• Falcon Fraud
• Growpital SEBI Order Update
• Betterinvest Delay
• AGS Transact Default

Falcon Fraud

The fraud by Falcon was recently unearthed when they stopped paying many investors. When investors could not reach representatives they tried contacting people in the office only to find that the management was nowhere to be found. The biggest shock is that many investors ended up putting their life savings in a platform without any proper due diligence.

This is one platform that we had flagged a long time back. It had to tell tales of signs of something fishy. Some of our concerns where

• No proper management structure
• Money is raised by a related entity
• Credit cards etc being accepted for investment
• ROI is much higher than other platforms in similar asset class
• Hardly any employee with a finance background on Linkedin.

Growpital SEBI Outcome

A new twist has come in the Growpital saga in the form of a new investor that has proposed SEBI that it will take over Growpital parent company and repay all outstanding liabilities to the investor! The name of the company is RPJ Tea!

We are not really in the position to make out anything from this. On one hand, this is a godsend information for investors who up till now were expecting to salvage only 25-30% of the investment but on the other hand, logically it seems an odd choice for an investor to buy out investor liability for a company that supposedly doesn’t have any current operational business or lot of hard assets.

The next hearing is scheduled for 3rd Feb 2025. Below is the interview of the founder of the company who has proposed this deal.

Betterinvest Delay

Studio Green repayment has been delayed for some users while for some it is still pending. There was an early exit option for a few people mostly for Studio 13 and 17 deals. Few others have been communicated that payment would be done by February end.

AGS Transact Debt Default

AGS Transact Technologies Limited and Securevalue India Limited have defaulted in the payment of principal repayment obligations for certain outstanding borrowings of the Company and SVIL; (ii) the Company, SVIL and India Transact Services Limited (`ITSL’), material subsidiary of the Company have defaulted in the payment of certain statutory dues. All the outstanding AGS transact debt facilities have been downgraded. Grip Invest has SDI  on this underlying. Till now payments have been on track. According to Grip even in case of default, they have recourse as the underlying assets are ATMs that are deployed at large banks and they can find buyers for these.

Alternative Investment Portfolio Updates

Hope you have explored  Randomdimes<> Aspero collaboration and its benefit to investors. You can use the randomdimes registration link to avail best prices.

AltDRX Partial Profit Booking

Alt DRX has completed 1 year. All the opportunities are doing quite especially considering that the broad market did not give any return last year!

We were able to book partial profit in Bangalore opportunity with 20%+ IRR. We sold the units on Tradex. We will do a detailed article on our 1-year journey.

The AltDRX 1% cashback is still available for all Randomdimes investors of ALTDRX

Medium Term Investment

Policy Exchange will be adding new policies in March as they are currently onboarding new partners. Some of the top high-yield opportunities for this month

Randomdimes Youtube

Short Term Investments

Platform	Loans Selected	Yield	NPA
I2IFunding(Restarted)	Urban Clap Loans,	13.80%	4.4%
IndiaP2P	Only Women Borrower Loans, Branch-based p2p lending	13.10%	5.5%
Lendbox Per Annum	Low Risk Short Duration only	11.50%	0.50%