Alternative Investment Portfolio – November 2024

 

The Indian equity market stabilized at the end of November after 45 days of continuous selling by foreign investors. On the other hand US market has been in a crazy run mostly led by Tech stocks. Nvidia stock itself has contributed to significant gains for Nasdaq. This brings reminiscence to the 2000 Tech bubble. The valuation hasn’t stretched to those levels yet and markets have tendencies to stay in the bubble for long hence a crash doesn’t need to be imminent.

The crypto market has been in a tear with Bitcoin breaching the 100k magical number for the first time. There is a significant demand from institutional investors and with multiple ETFs and companies (Microstrategy) having bitcoin exposure the asset class has outperformed all others.

On the Alternative Investment front  Securities and Exchange Board of India (SEBI) has ordered four unregistered online platforms (UOPs) to halt their operations involving the public subscription of unlisted securities on their platforms. The UOPs are AI Growth Pvt Ltd (owner of altGraaf), Texterity Pvt Ltd (operator of altGraaf), Purple Petal Invest Pct Ltd (owner and operator of Tap Invest), and Berkelium Technologies Pvt Ltd, the owner and operator of Stable Investments. The regulator feels that by providing these opportunities publically on the website they are flouting regulatory norms.

Personally having multiple unlisted options was a positive for me as I could compare yields. Currently, 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	- Partial Recovery expected through SAT meeting again delayed to 28th Jan,2025
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
Klub	Tagz	Partial Write Off	- 60% Principle repaid

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

• Growpital SEBI Order Update
• Tapinvest Growpital Leasing

Growpital SEBI Outcome

SAT has already asked the platform to return the frozen capital to the investor but the plan and process must be approved under SEBI guidance.  SEBI had requested some information from Growpital, which seems they agreed to provide. I was disappointed that the 3rd Dec SAT hearing was again postponed to 28th Jan 2025 as the quorum was full.

The whole case has become an ordeal for investors with ever-increasing changing timelines for the return of capital.

Tapinvest Growpital leasing Assets

Recently TAPinvest communicated on the assets they had leased to Growpital. They have sent out a mail to their investors on the status. The liquidation of assets looks unlikely until SAT and SEBI close this case.

Dear investor,

We trust this email finds you well.

We are writing to share the latest updates and actions that we are taking in the Growpital issue.

As communicated earlier, we have tracked and verified the licensed assets at Barmer, Rajasthan. However, it is pertinent to highlight that due to non-payment of wages and rent by the directors of Growpital, the local farmers are restraining us from conducting the valuation & sale of the licensed assets. Our team has had multiple run-ins with the locals there without much respite.

We have filed a police complaint in HSR Police Station regarding the issue, which is pending investigation. We are also filing a police complaint in Jaipur PS as well as the Office of the Economic Offence Wing, Rajasthan. Our recourse here is to use legal methods to get the assets in place as well as claim damages against non-payment of dues.

We appreciate your understanding and patience.

Thanks

Alternative Investment Portfolio Updates

This month we shared queries on the new Insurance Investment product we have just started investing through Policy exchange. The product can provide up to 14% post-tax returns. If someone is interested in being a partner with them they can also register as a partner using the link.

Get Best Deals on Policy Exchange

We also did an article on the new invoice discounting products on Altgraaf with a deep dive into how they work and the risk management around it.

AltDRX Referral Opportunity

The AltDRX 1.5% referral bonus is still available for all Randomdimes investors of ALTDRX who refer someone from their network. This means if you have invested in Altdrx and would like to refer someone through Randomdimes, Altdrx will provide a 1.5% referral bonus without any cap on the number of investors you can refer!

We will be doing an article this month on 1 year of our investment journey stand details of the opportunities we participated in and the realized vs unrealized gains. We were able to achieve a 20% return on our first investment.

Assetmonk 21% IRR Opportunity

Assetmonk has recently launched a 21% real estate opportunity where investors can purchase collateral at a discount to market value and the builder will buyback at a pre-decide rate. This will ensure ownership of assets. Investors can choose to hold on to the assets and sell them later. The minimum ticket is INR 50 Lakh hence investors should connect with RM for complete information.

This project is managed by Incor with whom they have done multiple deals in the past.

Medium Term Investment

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, education loans, Group loans	13.80%	4.45%
IndiaP2P	Only Women Borrower Loans, Branch-based p2p lending	14.00%	4.70%
Lendbox Per Annum	Low Risk Short Duration only	11.50%	0.50%