Tap Invest Review (Formerly Leafround)

 India has witnessed a surge in investment technology, or “invest-tech,” platforms that empower individuals to explore opportunities beyond traditional avenues. Recent times have seen a notable rise in platforms facilitating investments in unconventional assets like invoice discounting and asset leasing, offering a fresh perspective on how money can work for us. These platforms aim to … Read more

Fello Review: Saving, Earning, and Gaming All in One

In a world where technology is continually reshaping our lives, mobile applications have become indispensable tools. They’re not just for communication and entertainment; they’ve also infiltrated the world of personal finance. Among the several fintech apps, one brings to you a unique and engaging way to save, invest, and even have fun while doing so … Read more

Alternative Investment Portfolio Analysis – Nov 2023

randomdimes

The Nifty50 rose 6.77 percent during the November month F&O expiry. During the same period during  S&P 500 has risen 11 per cent from its October lows. We put it in familiar, fundamental terms: investors believe we’ve seen the peak in rates, inflation is slowing, profits are rising, and sentiment is improving.

The recent rally has left some hedge funds with an estimated $43 billion in losses after betting on equities to move lower, Some institutional investors had built up short-bets against companies they thought would buckle amid the higher-rate environment. However, with confidence returning to markets, some of those trades aren’t panning out. Some hedge funds have had to repurchase stocks to cover their short bets as a “short squeeze” pushed share prices even higher.

The Goldman Sachs index that tracks the S&P 500 names with the highest total dollar value of short interest outstanding is on pace for its best month since last October.

 

Telegram channel for the Latest Alternative Investment News

Alternative Investment Portfolio Performance

This month we have explored 2 platforms :

  1. 13 Karat
  2. Hecta

We have invested a small amount in 13 karat and will be sharing monthly reviews. I expect the platform to do well as it is backed by  Cashe and utilizes its credit underwriting and borrower pool. Cashe has been in business for more than 5 years has had a very low NPA and has shown good profitability.

Hecta is a platform focused on repossessed properties. It is a great platform for someone looking to purchase a real estate property for investment or ownership as some of the properties can be purchased at a 20-30% discount from the market rate.

 

Randomdimes Forum

*Updated NPA  Details

To provide more comprehensive information on deals performance on platforms, I have collected the performance of multiple users of these platforms and created an NPA statistic. The benefit of this is that even though my deals are going well in a platform, this will give the overall performance of the other deals on the platform that I might not have invested in.

Please note NPA does not mean that a platform is bad. NPA can be due to 2 factors

  • Higher vintage or transaction volume
  • High yield or higher risk opportunity

Investors should evaluate the NPA  along with Gross returns on the platform to make investment decisions.

Eg a platform with a 20% return and 2% NPA is better than a 10% return and 1% NPA.

Lending Investment

Platform Returns RD NPA Total NPA
Grip Invest 10-12%(Post-Tax) 0.00% 0.30%
Klubworks 20%+ 0.00% 0.70%
WintWealth 10-11.5% 0.00% 0.00%
Jiraaf 12-15% 0.00% 0.00%
Sustvest 10-11% 0.00% 0.00%
Afinue(Upcide) 13%(Post Tax) 0.00% 0.00%
Pyse 10-11%(Post-Tax) 0.00% 0.00%
Growpital 12%(Tax Free) 0.00% 0.00%
Leafround(Tapinvest) 15-18% 0.00% 0.00%
Altifi 12.5% 0.00% 0.00%
Betterinvest 16%-18% 0.00% 0.00%
Incred Money 11.0% 0% 0%
  • All my cash flows in Klubworks, WintWealth, Jiraaf, TapInvest, and GripInvest are per schedule.
  • Participated in the new Betterinvest deal
  • Invested in 3 invoices and 1 Asset leasing opportunity on TapInvest
  • Invested in 1 invoice on Jiraaf.
  • Sustvest had a new opportunity recently.
Randomdimes Youtube

Top Deals Live

Gripinvest
Jiraaf

 

Invoice Discounting and Pooled Loans

Platform Returns RD NPA Investor NPA
Liquiloans (Liquid Fund Substitute) 9% 0% 0%
Tradecred 11.50% 0% 0%
Lendbox (Per Annum Liquid Fund Substitute) 11.50% 0% 0%
Lendzpartners 13.00% 0% 0%
IndiaP2P 16% 0.25% 0.10%
KredX 12% 0% 0.75%
13  Karat (new) 13% 0% 0%
  • Lendbox Per Annum returns are as per expectations with seamless liquidity. Current yield 11.65%
  • Using Liquiloans/Per Annum to Park Short-term Capital.
  • Have invested in 7 deals to date on Lenderpartnerz. The latest investment was in French Connection invoice.
  • Started investment journey with 13 Karat P2P

Crypto Investing

Bitcoin’s bull run has sustained during the last couple of months. My crypto portfolio is now higher than Bitcoin’s peak value because I had brought more crypto when the market was going through a prolonged winter.

On November 28, Binance.US announced the resignation of Changpeng Zhao, the founder and former CEO of Binance, as chairman of the Binance. The move comes after Zhao pleaded guilty to federal charges imposed by the US Department of Justice (DoJ) and agreed to pay a $4.3 billion fine. In the same case, Binance agreed to pay $4.3 billion settlement charges for failing to adhere to anti-money laundering (AML) regulations and violating sanctions law.

Interestingly unlike in 2021 when crypto crashed after Sam Bankman’s news, the market did not show much nervousness indicating more maturity.

You can buy Hardware Wallets on Etherbit

P2P Investment

Current allocation:

  • India P2P – 55%
  • 12Club – 5%
  • I2IFunding- 15%
  • Finzy-10%
  • Faircent Pool Loan -15%
Platform Loans Selected Yield NPA
I2IFunding(Paused) Urban Clap Loans, education loans, Group loans 13.5% 4.8%
IndiaP2P Only Women Borrower Loans, Branch-based p2p lending 17% <1%
FINZY(Paused) Prime Borrowers, High Salary, A category 13% 3.7%
12 Club Only Minimum amount 12% 0%
  • I have completed 1 year of using IndiaP2P with steady performance. I am steadily increasing my capital on this platform.
  • I2Ifunding and Finzy have a very low volume of loans and I haven’t added any new capital in the last 5 months.
  • The systematic investment plan loan on Faircent ( Only SIP Loan) is doing well

IndiaP2P Performance

Equity Market

PreIPO Stocks

Tata Technologies made a bumper debut, listing at a 140 percent premium and then rising nearly three-fold the IPO price. The stock opened at Rs 1,200 on the NSE and at Rs 1,199.95 on the BSE, while its issue price was Rs 500. It jumped 180 percent over the IPO price to Rs 1,400 within minutes.

*Altius Investech* had first invested in TATA tech @ 13/sh back in 2014. Since then the company has grown steadily with the share price increasing progressively.
2015 – 20
2017 – 80
2019 – 160
2021 – 430
2023 – 850

From the first investment – that’s a 100X return! This does not mean that all stocks will have similar performance but a strong portfolio of well-researched unlisted shares can deliver strong returns as price discovery is less in unlisted space compared to listed.

Waree Energy is another stock that is in demand in the unlisted market.

Listed Stocks

The market took a complete reversal in November and NSE reached an all-time high! The mid-cap sector is also on fire.

Indian stock market achieved a milestone, touching $4 trillion in market capitalization (m-cap) for the first time. The optimism on Dalal Street has its roots in the way India is uniquely placed among global economies. At a time when the global economy is facing the twin problem of high inflation and slowing growth, with even the world’s growth engine China not showing a sign of recovery, India has taken center stage. Many global agencies have upped the FY24 GDP forecast for India and several global brokerages retained India ‘overweight’ in their model portfolios despite strong gains.

However, when everybody is greedy it’s good to show some restraint and avoid adding large positions at these levels.

Algo Trading

Our Algo and Manual Option trading gave a 1.3% return in November. Due to large intraday moves, it was tough to make money in non-directional strategies.  Investors who are just starting algo trading can explore tradetron as it requires a minimum learning curve and marketplace to copy traders.

Investors with INR 30 Lakh deployable capital can reach out  here for inquiry on more sophisticated algos

 

Other Alternative Investment Assets  and Platform Updates

ALYF – Alyf is an upcoming platform that provides fractional ownership of holiday homes in tourist destinations. Currently 2 opportunities with < 15 Lakh investment are available in Alibaug and Goa.Interested people can register and get a call from their team.

Growpital Investment –  The performance of the platform has been satisfactory till now as the payments have been on time to date. Of late the platform is becoming more popular with frequent coverage in media!

Growpital(Promo code GROWRDIMES)

Leasify Investment – Leasify recently launched the 3rd tranche of Bhadepay on the platform. 

Wisex- My investment in Wisex has been performing as expected. There is a Securitized debt Investment opportunity live on the platform with IRR of 13.26%

 

Read more

Hecta Review: Revolutionizing Repossessed Property Transactions

While we have mostly covered next-gen alternative investment platforms on our blog, a lot of investors still swear by traditional investment options like real estate. Investing in real estate can be a lucrative venture, offering the potential for long-term capital appreciation and even a steady cash flow. However, it does require research and a well-defined … Read more

Arbitrage Mutual Funds Demystified- A Smart Alternative in India’s Changing Tax Landscape

The world of personal finance is an intricate maze with a multitude of investment options, each offering unique benefits and risks. In India, recent changes in taxation rules have illuminated a previously overlooked gem in the realm of mutual funds: Arbitrage Mutual Funds. These funds have surged in popularity as a viable alternative to traditional … Read more

13karat Review – 13% Return P2P Platform

The Invest-Tech sector in India has witnessed remarkable growth in recent years, with a surge in innovative startups offering investment solutions. P2P lending platforms, offering diverse opportunities for both investors and borrowers, have also increased in recent times. 13 Karat is the latest entrant in this segment. In this 13Karat review, we will delve into … Read more

Alternative Investment Portfolio Analysis – Oct 2023

 

Last Month we discussed the forthiness in the midcap and small-cap space. This month, the market fell sharply due to various global negative cues and the overheated market was already on the lookout for an excuse to correct.

Global equity markets are currently experiencing a “risk-off” sentiment due to a combination of economic and geopolitical factors. The ongoing Israel-Hamas conflict remains a significant concern for these markets. If this conflict persists, it has the potential to negatively impact global economic growth, especially as the global economy is already going through a period of slowdown. In the short term, the primary challenge for the market is the persistently high US bond yields, with the 10-year bond yield approaching approximately 5%. This is likely to lead to Foreign Portfolio Investors (FPIs) adopting a selling stance. Sectors like banking and information technology (IT), which make up a significant portion of FPI assets under management (AUM), are expected to come under pressure. Nevertheless, this situation could present attractive opportunities for long-term investors to purchase quality stocks, particularly in the banking sector, at favorable prices.

Telegram channel for the Latest Alternative Investment News

Alternative Investment Portfolio Performance

This month’s alternative investment allocation in the portfolio allowed us to be impacted less by the stock market volatility. I was more focused on shorter-dated products like Jiraaf platform invoice discounting that is currently offering higher yields as a Diwali offer. 

Jiraaf has recently raised a large funding round that will bolster the capabilities of the platform

Leafround

Leafround has also raised new funding and has rebranded itself as Tapinvest!

 

Randomdimes Forum

Updated NPA  Details

To provide more comprehensive information on deals performance on platforms, I have collected the performance of multiple users of these platforms and created an NPA statistic. The benefit of this is that even though my deals are going well in a platform, this will give the overall performance of the other deals on the platform that I might not have invested in.

Please note NPA does not mean that a platform is bad. NPA can be due to 2 factors

  • Higher vintage or transaction volume
  • High yield or higher risk opportunity

Investors should evaluate the NPA  along with Gross returns on the platform to make investment decisions.

Eg a platform with a 20% return and 2% NPA is better than a 10% return and 1% NPA.

Lending Investment

Platform Returns RD NPA Total NPA
Grip Invest 10-12%(Post-Tax) 0.00% 0.30%
Klubworks 20%+ 0.00% 0.80%
WintWealth 10-11.5% 0.00% 0.00%
Jiraaf 12-15% 0.00% 0.00%
Sustvest 10-11% 0.00% 0.00%
Afinue(Upcide) 13%(Post Tax) 0.00% 0.00%
Pyse 10-11%(Post-Tax) 0.00% 0.00%
Growpital 12%(Tax Free) 0.00% 0.00%
Leafround 15-18% 0.00% 0.00%
Altifi 12.5% 0.00% 0.00%
Betterinvest 16%-18% 0.00% 0.00%
Incred Money 11.0% 0% 0%
  • All my cash flows in Klubworks, WintWealth, Pyse, Leafround, and GripInvest are per schedule.
  • Invested in Kebapci on Klubworks as it is profitable and Klub is the only debt investor
  • Invested in Sugmyal SDI  deal on Grip offering 15% for 11 months.
  • Invested in a Few Invoices on Leafround ( )
  • Received my Jiraaf Stashfin Commercial Paper repayment.
  • Betterinvest also has a new deal offering 18% IRR for 6 months that I intend to participate in.
Randomdimes Youtube

Top Deals Live

Grip

incred

 

Invoice Discounting and Pooled Loans

Platform Returns RD NPA Investor NPA
Liquiloans (Liquid Fund Substitute) 9% 0% 0%
Tradecred 11.50% 0% 0%
Lendbox (Per Annum Liquid Fund Substitute) 11.50% 0% 0%
Lendzpartners 13.00% 0% 0%
IndiaP2P 16% 0.30% 0.1%
KredX 12% 0% 0.75%
  • Lendbox Per Annum returns are as per expectations with seamless liquidity. Current yield 11.7%
  • Using Liquiloans/Per Annum to Park Short-term Capital.
  • Tradcred has launched some good deals such as log9 which I participated in.
  • Have invested in 5 deals to date on Lenderpartnerz
Tradecred
Tradecred

Crypto Investing

Crypto

Crypto has finally started moving out of hibernation from the long winter. Bitcoin has jumped approximately 40% in the last few months. It is still one of the best-performing asset classes of the year.

Bitcoin has surged 14 percent in the last seven days amid optimism around Bitcoin Exchange-Traded-Fund (ETF). Several investment firms, including BlackRock and Fidelity Investments, have pending applications for bitcoin ETFs in the US, and speculation on their likely approval was fuelled by BlacRock’s iShares ETF listing on the website.

In the  long run, BTC, Ethereum, etc have rewarded people who have shown the temperament to hold it through long periods of volatility and drawdown

You can buy Hardware Wallets on Etherbit

P2P Investment

Current allocation:

  • India P2P – 55%
  • 12Club – 5%
  • I2IFunding- 15%
  • Finzy-10%
  • Faircent Pool Loan -15%
Platform Loans Selected Yield NPA
I2IFunding(Paused) Urban Clap Loans, education loans, Group loans 13.5% 4.8%
IndiaP2P Only Women Borrower Loans, Branch-based p2p lending 17% <1%
FINZY(Paused) Prime Borrowers, High Salary, A category 13% 3.7%
12 Club Only Minimum amount 12% 0%
  • I have completed 1 year of using IndiaP2P with steady performance. I am steadily increasing my capital on this platform.
  • I2Ifunding and Finzy have a very low volume of loans and I haven’t added any new capital in the last 5 months.
  • The systematic investment plan loan on Faircent ( Only SIP Loan) is doing well

indiap2p

IndiaP2P Performance

Equity Market

PreIPO Stocks

Based on analysis by Prabhudhas Liladhar, The National Stock Exchange has the potential to become a multi-bagger stock, boasting a near-monopoly status, 35% plus CAGR in revenues, and clean promoters at the helm. The exchange’s PE ratio stands at 22, versus 50 times for MCX and 37 times for BSE Limited. While the initial public offering remains elusive, the public issue could be launched next year. However, options trading could pose a risk, with close to INR51,000 crore in government revenue generated by the sector. Delayed IPO and a pending Supreme Court case against the NSE are also risks.

Listed Stocks

October proved to be a disaster for the equity markets. Experts don’t rule out further correction amid a slew of headwinds, such as rising US bond yields and crude oil prices, geopolitical uncertainties, and earnings disappointments. Additionally, India’s general elections could emerge as another uncertainty if state election results are not favorable.

The yield on the 10-year US benchmark bond rose to over 5 percent for the first time since 2007 on Monday, weighing on equity market sentiment globally. Although the yield has receded slightly below 5 percent, it remains at a multi-year high, which will continue to exert pressure on capital flows.

I am adding investment in a staggered manner. A psychological reason for doing that is in case of marketing going further down we would have more cash to buy equity and would not create panic even during a longer drawdown.

Algo Trading

Our Algo and Manual Option trading gave a 1.5% return in October. We were up 3.5% for the first half but suffered back-to-back losses of 2% due to market volatility. We are currently close to a 20% return for this financial year.  Investors who are just starting algo trading can explore tradetron as it requires a minimum learning curve and marketplace to coy traders.

Month(2024) April May June July Aug Sep October
Return 2% 1.30% 1% 4% 5% 4.50% 1.50%

Other Alternative Investment Assets  and Platform Updates

Alyf is an upcoming platform that provides fractional ownership of holiday homes in tourist destinations. Interested people can register and get a call from their team.

Alyf smart ownership

Growpital Investment –  The performance of the platform has been satisfactory till now as the payments have been on time to date. They have recently shared their audited financials. what are your views on that? Investors who have visited farms please share your experience.

Growpital(Promo code GROWRDIMES)

Leasify Investment – Leasify has recently started repayment for Bhadepay and Sharepal Leasing Deal. I will be soon publishing an interview with the founder.

Yieldwisex- My investment in MYRE Capital has been performing as expected.  It is now called Yiedlwisex. I have been exploring other real estate platforms like Alyf. We are also in the process of shortlisting a couple of platforms for land ownership.

Read more

Best Algo Trading Platforms in India

In today’s fast-paced financial world, technology plays a pivotal role in shaping the future of trading. Algorithmic trading, also known as algo trading, has emerged as a powerful tool for traders and investors. In this article, we will explore what algorithmic trading is, its legal status in India, and the reasons why algorithmic trading platforms … Read more

Subscribe to the newsletter to get the latest information on Alternative Investments