Should I Invest in Niyogin Fintech's BBB- Rated Bond via Wint Wealth?

[Maitri_Maniya]

I'm considering an investment in the Niyogin Fintech Jul'25 bond available on Wint Wealth. Here's a quick snapshot:

• Rating: BBB-
• Type: Senior Secured Bond
• Tenure: 12 months
• Yield: 11.75% YTM
• Interest Payout: Monthly
• Security Cover: 1.2x
• Backed by: IndusInd Bank, AU Small Finance Bank

Is this a good fit for a short-term debt allocation?

 

[hender]

I'm considering an investment in the Niyogin Fintech Jul'25 bond available on Wint Wealth. Here's a quick snapshot:

• Rating: BBB-
• Type: Senior Secured Bond
• Tenure: 12 months
• Yield: 11.75% YTM
• Interest Payout: Monthly
• Security Cover: 1.2x
• Backed by: IndusInd Bank, AU Small Finance Bank

Is this a good fit for a short-term debt allocation?

BBB- 🤭
Why not enjoy Equity instead...

 

[Maitri_Maniya]

BBB- 🤭
Why not enjoy Equity instead...

Just exploring to investing in bonds via wint wealth for diversification.

What about MoneyBox BBB rated?
Below which ratings I should avoid investing?

 

[hender]

Just exploring to investing in bonds via wint wealth for diversification.

What about MoneyBox BBB rated?
Below which ratings I should avoid investing?

Thread 'Mobikwik reinvested P2P lenders' money without their consent'

Sep 8, 2024

Mobikwik Xtra is a peer-to-peer (P2P) lending platform that partners with Lendbox to facilitate P2P lending across the country. However, Mobikwik and similar platforms were somewhat misleading their customers by advertising these platforms as offering a 12% fixed income opportunity with the ability to withdraw money anytime. As a result, the RBI had to step in and introduce a new set of guidelines for such companies and their customers, effective from August 16, 2024.

According to the "Master Direction - Non-Banking Financial Company – Peer to Peer Lending Platform," dated August 16...

• TechnoFino
• mobikwik mobikwik p2p scam mobikwik scam mobikwik xtra p2p p2p
• Replies: 347
• Forum: Banking Complaint

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To avoid this kind of discomfort 😭 later,
I don't recommend any one to invest debt outside Govt -
RBI Bonds, PPF, PSU bank FD etc

 

[Maitri_Maniya]

what about Keertana Gold Jul'25 backed by gold loan?

 

[hender]

what about Keertana Gold Jul'25 backed by gold loan?

Wint Wealth | Invest in Bonds with 9-12% fixed returns: Start with ₹1000

₹1100 Cr+ has been successfully repaid, always on time.

www.wintwealth.com

Hopefully you have gone through RISK CATEGORY also !!?

 

[cardio_guycardio_guy is verified member.]

If it was me, I will not.
Return of capital is more important to me, than return on capital.

 

[hender]

If it was me, I will not.
Return of capital is more important to me, than return on capital.

+ 1 🥳

 

[Maitri_Maniya]

any review about Progfin-2 Sep'25 bond?

 

[hender]

Rating Rationale

any review about Progfin-2 Sep'25 bond?

Have a look about their latest portfolio, business, Re payments and other things related to your investment.
As discussed already, out of total portfolio...in debt
Less than 0.5% - upto 1% can be consider.