Alternative Investment Portfolio – June 2022

Crypto winter

June has been one of the worst months for crypto! In the first 6 months we’ve seen several “big name” projects get crushed:

  • Terra ($60B peak market cap)
  • Celsius ($1B+ crypto exchange)
  • BlockFi ($4B+ crypto exchange)
  • 3 Arrows Capital ($3B+ hedge fund)

Those are multi-billion dollar projects that lost almost all of their value overnight. This is the crypto 2008 financial crisis. It has resemblance to how banks like Bear Stearns and Lehman Brothers collapsed suddenly!

Sam Bankman-Fried bailed out Voyager and the embattled exchange BlockFi, the crypto entrepreneur has visibly emerged as a savior of the tumbling sector striking similarity with what J.P. Morgan did during a 1907 financial crisis! FTX’s CEO is now choosing winners and losers in the crypto bear market. The move is not unlike when JP Morgan stepped in to save the traditional financial system during the bank panic of 1907

During the panic of 1893, after intense speculation and consolidation in the emerging railroad and banking industries, Morgan lent the Federal Treasury $65 million in gold to re-up its dwindling reserves and firm up faith in the banking system. Then, amid the financial crisis of 1907, Morgan pledged his own capital and led a coalition of wealthy financiers to backstop failing banks, stock exchanges, and trust companies. Historians think Morgan’s actions prevented a much deeper recession when the federal government had little ability to manage economic crises.

Alternative Investment Portfolio Performance

This Month I invested in a new leasing platform – Leafround. The platform seems quite promising with good deal flow and High Pretax IRR !

Structured Lending Investment

Platform Returns NPA
Grip Invest 11-12%(Post-Tax) 0%
Klubworks 20%+ 0%
WintWealth 10-11.5% 0%
Jiraaf 12-15% 0%
Pyse 10-11%(Post-Tax) 0%
Legalpay 14-16%(Post Tax) 0%
Growpital 12%(Tax-Free) New (5 Payments)
Leafround 17% New (2 Payments)
  • Investing in new deals on Leafround this month
  • Completed Legalpay deal full repayment with 27% Pre Tax IRR ( Details later in the post)
  • Received  payment for Growpital
  • All my cash flow in Klubworks, WintWealth, Pyse, and GripInvest are as per schedule.
  • Invested in Aris Infra for 3rd Time on Jiraaf

New Deals

Leafround deals

Leafround deals
Jiraaf July
Jiraaf July Deals

Invoice Discounting and Pooled Loans

Platform Returns NPA
Liquiloans (Liquid Fund Substitute) 9-10% 0%
Tradecred 11.50% 0%
Lendbox (Per Annum +Settlement Finance) 11.50% 0%
Cashkumar(Elastic Run) 11.50% 0%
KredX 13% 0%
  • Lendbox settlement finance returns and Per Annum returns are as per expectations
  • 10% IRR deal available on Liquiloans for 4 Months Holding Period
  • Due to RBI guidelines on BNPL cards I think there would be less availability of Loans on Lendbox due to no new loans in per annum
  • I got KredX repayment for Smartpaddle on time and have invested again in the same deal.

Kredx june

Crypto Investing

Crypto meme

  • Luckily in my last month’s post, I had mentioned (screenshot below) taking out money from lending protocols, and the next week saw major liquidation issued in top lenders. Still, I ended up having some 125 USD stuck in Celsius. I am not going to keep any money in any lending protocol as the market is too volatile and risky at the moment
Terra lunaMy May Review comment
  • I am gradually adding large cap crypto in a staggered manner. It is a highly risky investment and I expect more volatility in the next few weeks.
  • Have added some more capital to Iconomi for the long term.
Platform Quarter Return
Crypto Hedge Fund Iconomi -25%
Crypto Hedge Fund Ember
Crypto Hedging Deribit 5%
Bitcoin Trading(Wazirx/Binance/CoinDCX/FTX) 6%

P2P Investment

Current allocation:

  • India P2P – 30%
  • 12Club – 5%
  • Rupeecircle- (stopped)
  • I2IFunding- 35%
  • Finzy-30%
Platform Loans Selected Yield NPA
I2IFunding Cooperative banks-backed loans, E-Rickshaw backed loans, education loans, NBFC backed loans(Mondeo etc) Group loans 13.5% 4.9%
IndiaP2P Only Women Borrower Loans, Branch-based p2p lending 16% 0%
FINZY Prime Borrowers, High Salary,A category 14.2% 3.5%
12 Club Only Minimum amount 12% 0%
  • Increasing allocation to IndiaP2P. Women borrowers seem to be a good asset class and the performance of the platform looks good.No delinquency to date. Gradually increasing allocation
  • Have been investing in Urban Clap Loans on I2IFunding
  • The systematic investment plan loan on Faircent ( Only SIP Loan) is doing well

India p2p


International Real Estate and P2P

Platform Return Current NPA
Heavyfinance 12%
Lofty (Tokenized Real Estate) 13% New
EstateGuru 10% 1%
PeerBerry 9.5% 2%
Evostate (Aggregator Platform) 12%
Bulkestate 11% 2%
Lendermarket 12% 2%
RealT US High Yield Property(crypto-based) 11% Rental yield
Reinvest24 12.5% Rent+capital gain
  • We will be soon covering how to seamlessly invest in European platforms using MCA
  • I am in the process of evaluating a couple of more platforms with good risk-adjusted returns.
  • Peerberry and Lendermarket have some loans stuck in Ukraine

Equity Market

The Indian market has corrected significantly from its All-time High but it does not mean that the Indian stock market is very cheap. It is still one of the most expensive markets if we use the P/E ratio as a factor to evaluate. At this point, I will choose to invest in a gradual manner rather than going all in.

India PE

 Other Alternative Assets  and Platform Updates

LegalPay (Use code FV8G4 to register)- The third-party litigation funding startup LegalPay got its first exit within nine months of its investments as the tribunal approved the resolution plan with over 26% return. I had invested in this opportunity. This is a positive outcome. I will increase my allocation in subsequent opportunities.
Key facts of the  investment are highlighted below:
1. Duration –  <6 months
2. Pre-tax IRR – 27.93%
3. Post-tax IRR – 18.55%
4. Social impact – Revival of the hospital and rehiring of its employees

Fractional Real Estate Update- My investment in MYRE Capital  Vaishnav Park has been performing as expected. I have received 6 cashflows on time. People who are interested in a lower minimum (INR 1 lakh) can invest in  Real Estate on Grip Invest. New Vaishnav Park Opportunity is live. again

Platform Returns Payment Received on time
Myre Capital 10% 6.00

Myre June

12 thoughts on “Alternative Investment Portfolio – June 2022”

    • Hi Kandarp,
      I had mentioned in feb that I have taken out all my investments and in the subsequent monthly posts I had highlighted that I intend to have no future exposure as I am not very confident about it and hence would not want to risk the capital

  1. How do you go about with filing taxes with these many platforms? Is there an recommended way than requesting statements from each platform, and then trying to make sense how much to pay for each platform?

    • Hi, For most it’s income from other sources, while for others that have tax benefits you get the SPV details from their website which you need to your ITR3. Unless the asset is tax-free at your hand it is mostly taxed at your marginal tax rate!

        • They will share SPV details with the payout details once there are gains for realization .I got my SPV details today!

  2. How do you track all your investments and returns with so many platforms? Please do a detailed post sharing net worth tracking, investment tracking, etc.

    • Sure, will cover how i manage all investments. Planning to share an excel with community also which can help

  3. Hey,
    I am following your alternative investment monthly report from May-22 onwards and you give such deep and good explanation.

    I am already investing in Jiraaf and grip invest. Now, I am planning to further invest in leafround, India P2P.

    Further, I want your advise can I invest in legalpay?? Also, any other platform which I can use to invest?

    Thanks sir.

    • Hi Tarun, Great to know that you found the posts helpful.
      I prefer the resolution financing deals as they have more defined timelines. The first investment turned out really well. I am planning to gradually add some amount to subsequent offerings.


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