Ashneer's warning on 12% club | Understand the reality of P2P lending
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- เผยแพร่เมื่อ 12 พ.ค. 2023
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BharatPe is going down - that's what Ashneer Grover, co-founder of the company has said.
He recently gave a warning to all the investors of 12% Club to be aware of the platform.
Is this true? Or is it some kind of doglapan happening in the company?
Watch this video till the end to know what you should do.
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Folks, I understand that without risk there is no return. But, the risk should be taken in accordance with the expected return.
If the goal is to just make 12%, you can accomplish that by doing safe(er) investing via NIFTY 50 or any Indian Index.
In case you would like to learn more about safe ways of investing, check out:
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Ok I agree with ur thoughts what about invoice discounting platforms like tradecred, kredx ? Are they operate with same points?
Investing in nifty will get you 12% cagr over a time
But investing in fixed income assets like p2p lending or fd or any other debt instruments gets you returns at the earliest
This guy is such dogla. Some time back you will find a video where he says don't invest in index and now says this
@@piyushjain4349 I have been moving from Tradecred to tyke. Minimum investment of only 10K. 30-60 days look in. 14%+ returns!
The guy got money at lower interest rate so he is trying to scare off normal people who he had to pay more interest to
One thing that never ceases to surprise me - most of the sharks have become millionaires by burning investor money and creating loss making entities
Perfectly said. They have no right to give feedback to budding entrepreneurs when they themselves have not earned a dime of profit. The Startup ecosystem does not conform to the traditional financial metrics. They are only chasing the valuation game.
All the startups 😂😂
And also pocketing a % of that money illegally
Sir even the investors make money when the company's overpriced stocks are sold to general public.
Chutiya banao pesa kamao. Most companies are like this
The 'buy/book now, pay later' model has becoming a major concern in the US, with people buying groceries on loans. A single missed payment can be more expensive than even card interest charges. Makes me apprehensive of anything that has BNPL association.
I invested almost 2.5 lakhs.. Bharatpe gave me everyday interest ... and I used to draw the everyday interest and re invest in it.. they also gave me compound interest on that amount... but I have done this for 4 months.. they never defaulted the amount and gave exact 12 percentage... but I have taken all the money because I think it's risk.. and I got almost 5percentage of net interest... for 4 months.
Thanks for bringing this video. I learnt about npas and arcs on my own when ashneer post came, but your video has made my understanding much clearer.❤
One thing is being missed by everyone here. BharatPe doesn't provide loan to everyone, it only provides to those shopkeepers who are doing good amount of transactions since many months and can easily repay the loan with interest. And those transactions are analysed by BharatPe's powerful tools which reduces the risk of NPA at a very great extent.
CEO, COO, CFO of Bhartpe resigned, all in the same week. Imagine what would happen if it's a public company.. This comment should be pinned.. People, make a wise choice
Kab resign Kiya Bhai...?
The only people who prefer to take loan at such high interest is people who aren't getting loans from anywhere else because of bad credit score
☕
You were e wrong, they are giving loans mostly to merchants who don't get bank loans at low intrest rates, that's why they will take loans from finance companies, NBFCs at minimum 24% rpa
It's not like that. Indian banks hesitate to give loans to NRI's . Even NRI is having cbil more than 800
1. P2P is small amount loans
2. Personal loan also don't have collaterals
3. If a person don't get loan from anywhere then where he will go?? Better to pay more and get from such platforms rather than asking from relatives and friends.
4. Risk is there everywhere. If you walk on a footpath - it is also risky, that doesn't mean we stop going out from home
I have been Investing here since 2 years. I am getting a fair average of 11% from all the platforms.
If we want to earn we need to take risk. Or else invest in FD and sit quiet.
there is a reason these people do not get loans from anywhere.
These people are also not getting personal loans. Plus if they (loan borrower) default, they have nothing to lose.
Plus 11% return is fine, but it is too risky. I feel investing in stock market is safer and rewarding than giving loan to some unknown poor guy.
If not FD a corporate Bond or similar deposit from a top company like TATA's or Bajaj or Shriram Group can give nearly 10%. Invest in a way that you are able to dodge tax on the returns(via Elderly parents or dependents). Why risk entire capital for 12% now!
What a stupid comment Vaman. There are 100s of safer investment instruments than P2P and you're making it seem like it's the only way to get 11-12%. I've 7-8 years of cagr 19+% via equities only. Real estate(gurgaon) is also giving ~30% from last 3-4 years, specially the affordable housing ones. There are tax free bonds by govt which are also giving comparable returns after taxing on P2P. Look at gold right now, more than 14% from last few years.
I invested my money into corporate bonds at 11% yield last year.
They are AA+ rated bonds and are secured (have collateral).
How are apps like these a better option than corporate bonds or corporate FDs ?
Can you justify it ?
@@venbas2 Ignore the Point of considering the elderly people here.
When will you Invest in bonds??
If a person Invests in bonds then its well and good, but considering the market situation will you be able to lock bonds for a shorter term or longer term?? Say for eg: you locked a bond now and Interest rate of FD went to 8-12%, then person invested in bond will be a looser.
Certainly not and cant rely on the bonds for a regular monthly payout. One must exactly know how the bonds are related to interest rates, or else a capital will get locked for a longer term and nor will be able to sell in the market because there will be less number of buyers for bonds as Indian Investors are not well versed with the bond market.
Higher the rating of bonds lesser is the Interest rate might be secured or non secured also.
One of my friends talked about Bharat Pay 12% scheme.I thought it's a ponzy scheme.Thank you for making us aware about it.
Hi Akshat, great insights here. could you also please share your thoughts on other non-market linked investment opportunities like the Invoice discounting, theme based investing like farming/solar etc.
Request you to please do a video on vauld restructuring...emails recvd from them are confusing as they are asking to going for rda...anorher mail expect us to nominate a creditor..please please...i have been requesting for an update
One more thing which i want to highlight for being a bharat pe 12% club user. They are also not giving you interest for 6 days on your capital deployed... they take 4 days to start earning on your capital, and when you withdraw, they took 2 days. So overall, 6 days' interest also in their pocket. And i am frequently withdrawing my interest part say every 15 days on 25k capital deployed. For me, it's just another option to invest as i don't want all my eggs on the same bucket, and i only invest 25k because i can afford that risk. In short, access your risk and get rewards accordingly. Other than this, after their launch, they stopped adding money option for 3 months and reopen now for few days, as i think after Ashneer's comments people started withdrawaing their capital and they are filling it now. Happy investing.
So are you investing back in?
Very true bro, even I understood the same, and I am invested
Did you got your money back in case you withdrawn funds
@@unclebob3227 yeah you get
Let bharatpe earn 6 day interest. Better than crypto.
People with either poor credit score or no credit score take loans at this rate with no proper income to return the amount. I have seen people purchasing their desires and defaulting.
Excellent due diligence. I like when Akshat is sober and not greedy. However, due diligence goes out of window when $$ are thrown for promoting a product.
What a great way of explanation!
Pls advise, what we should do in Vauld. Its difficult to understand vauld communications and letters
can u analyse the same for mobiwik’s #Extra ?
P2P loans via 12% club are not on BharatPe books but are with liqui loans. So the argument of bharatpe selling its loan to arc isn’t valid. Loans of Bharat Pe were giving to vendors and small shop owners which is the distressed assets.
Please make a video on Vauld.
enjoyed your video.. especially appreciate the speed with which you educate us. Less time and powerful knowledge. great work!!
I am not completely on the same page, some of the mfi's in India lend at almost 24% and still their defaults are hardly less than 4 to 5%.
Though a person with a job and a cibil may not be taking loans at 18% or above. But people running small businesses have no other option of lending as they do not have a good credit score.
It's so refreshing to see this video, as I have done research work on the P2P lending companies in India though the objective was different but I had very similar findings and it is very hard for a common man to gather all this knowledge on their own. Thus it was a wonderful attempt to educate people in understanding a very different type of business and what they are getting into when they go for such platforms. Understanding of Risk is the key here. 👍
Fyi akshat hasn’t said about a platform called liquiloans which is partnered with 12% club
This is the company giving you p2p services not bharat pe
Your take on Univest and grip invest both SEBI registered @akshat Shrivastava
I had invested more than 3.5lac which was 100% of my savings during 2022. I earned 40000. Not saying its risk free but if you want to know about my experience u can reach out to me. I had invested in bharatpe & MobiKwik xtra. My risk appetite is high & i even invest in altcoins
@@jiteshlk .vohjv
Milhn.
Jlv b. Cccccccvcccccccccccccccccccc 😮
I am invested in liquiloans via etMoney, it has worked for me as well
I also invested there and making money. Yes you are right they take 6 days interest. Even though I am happy to get 12% interest
Thanks for putting very easy
Very very rich Content, Thank you.
This the best learning.
Thank you 👍
What a great explanation in simple language.. appreciate it
The point to learn is make hay while the sun shines. Never use such platforms for long term. They are definitely lucrative from a short term perspective. The goal is to capitalize when they are flourishing and then exit at the right time. The right time is when you hear such things and see such videos. Nobody can say who is right, but who are we to sit and assess, it's a complicated thing and not our cup of tea. So take that as an exit signal and better be safe than be sorry. That said I have just withdrawn whatever funds I had parked in 12% Club.
Me too 😊
More then 10L juuuuuuust now
Very informative and neutral comments. Thanks for guiding people like me.
Today only I was thinking of investing in 12% club, thank God I saw this video🙏
You cam go to small finance bank and get 12% on FD.
@@akhil2024 any recommendation?
@@ayushpuri13 au small finance bank
Is Mobikwik Xtra safe
@@vineeshp6 they are even worst
Thank you for making short video and to the point
Filthy rich and elites will continue to lead in the name of product or services. Have any one seen similar RoI in network marketting (of non elites)?
No I would not
p2p is an option to whom bank did not seem fit to provide loan. Lending them is higher risk and same reason i avoid doing p2p . If i need to take risk then doing nifty option would be better ..
This is so good and true..thanks akshat .
Thanks for the video, I thought the lenders were long the highest tire of pass through rates bonds constructed by consumer loans. (Atleast that's what their customer support told me in a mail. I am talking cred mint here.) What you are saying could be catastrophic for the lenders in stressed times😮
What are your thoughts on corporate bonds investing platforms like wintwealth ? Most of their bonds are related to small finance companies. They could default anytime as well in this market. High risk at this time?
Watching your first video ... And subscribed❤
It personally is not for me. if i feel adventurous i would go and buy Yes bank shares but will stay away from the P2P lending space 100%
I had a good run with the 12% club. When it was introduced initially i used it as a wallet. Because it gave an option to instantly add or withdraw money. Then the withdrawal period was moved to 48 hrs. Which was a minor inconvenience but still okay. In the past few weeks Ashneer LinkedIn posts have been raising panic and concerns. I had a little over 1.8 lakhs parked there. I liquidated all of it at once and luckily got the entire money without any problem. Earned a good 20k interest over the entire period.
Interest is haram bro
@@abdulahadsiddiqui2109 😂
@@akashnautiyal7380lol exactly
Hi Akshat, Great insights. I think it is लेनदेन club.
very well said and briefly explained 👌👌✌✌
It's very refreshing to understand all the concept of the finance in lending in plain and simple English thanks a lot😊
What about vault?
Thanks for putting effort into explaining the details of the 12% club, and what I could make out is Bharatpe is just a like a DSA. If I remember the early days of P2P lending with companies like Faircent and the regulatory structure which was put in place for P2P NBFCs didn't give them any opportunity to make money out of the interest arbitrage, and they make a fee-based income by servicing the borrower and lender. Technically speaking, P2P NBFCs don't have to hedge their lending portfolios if we look at the regulatory structure though they insure the loan book by charging a fee at the time of borrowing. The borrower gets the money from a pull of funds created by the lender with the help of the P2P NBFC. The structure is quite similar to the structure of a Mutual fund. Want to under @Akshat Shrivastava whether this regulatory structure has changed? The serious issue you have raised about the loan portfolio of LendingClub with over-exposure to BNPL borrowers, which is the partner NBFC for the 12%Club.This is a bad state of affairs for the P2P industry as the industry was put in place to support MSME and individual lead business who are generally raised working capital from private lenders because the formal banking don't service them
Lendenclub or Lendbox or any other P2P platforms in their websites mention that their NPA is very low.. So how does it pose a risk to Bharatpe 12% club? Since they are doing it through them... Can anyone explain?
Do these P2P websites lie in their websites?
They do say that their NPA percentage is very low , but who is verifying this for a fact ?
Would you believe literally anything any website posts ?
Here , their audits are being questioned OR do they even do audits of their financial statements or not.
Hope you understand now.
Vauld me ab kya kare????????????
there are countless cases of people getting scammed daily from online platforms. Your video is very important to anyone looking for quick high returns. The one advice I can share from people who understand this platforms are get in early and get out fast, do not wait for the last station to get off the bus. The longer the company keeps paying you high returns, they are also finding it hard to generate those equivalent returns amidst growing risks
Didn't Ashneer himself say that they give their depositors and lend money to others @12% only. The catch is that they take less deposits and lend more so they make money from there?
I also watched a podcast where they said that they are also lending the money at 12% but now after watching this it’s doesn’t look like real because if they are also lending money at 12% then from where they will make money or they are currently burning money which they got funding
@@bhaveshnazwani984 i agree. It's confusing how can you lend something that you never earned unless you are burning investor's money. Will probably need to check if bharatpe is currently a profit making company or not.
@@bhaveshnazwani984 you were wrong, if you have invested in Bharat pe you can download your portfolio where you can find that the roi they lend to borrowers is at 2% monthly and they take 1% as commission on that and return the remaining 1% on our investment
What about CRED mint? Is it same?
Akshat do a video on when to book profit or atleast make a community post..... Thanks
Hi Akshat what are your views on Cred mint?
Your views on Faircent Digital?
Thanks for this video
What about zilingo case of Ankiti from Sequoia Capital ? They are not trustable as connection matters
12% club is just a medium, the actual money is with LiquiLoans
Until and unless they have some issue, any issues at 12% club are not that critical to worry losing entire capital
Also Ashneer has pointed out regarding losses of BharatPe and not shutting down of 12% club
He himself is a shareholder in the company
Akshat please attach links to articles to back your claims
He won’t buddy 😂.
I was also told to invest a nifty 50 stock so i chose irctc and ended up losing 15k in 2 years and recovered that amountp lending in just 10 months with almost same principle using 12 percent club or p2p lending
to cut 'a long story short... GOL MAAL is a name of a song ..... thank you AS
sir ji, please check hdfc emi interest rates on credit cards, its around 16-24, please correct me, if i am wrong
Dear sir, when there's no risk, there's no return. Uncertainties exist in lending & borrowing & this is law of funding. Only invest if you are willing to lose.😊
Ha bhai mujhe dede 10 din me paisa double karke deta hu
@@vcothur7 tho thu fraud hai
@@vishnuprasad2824 smart boy
@@vcothur7just like Vauld?
P2P there is no guarantee for your fund pls read the T&C carefully before investing
Hi Akshat, please make vidio on Gropital investment option. It is looking good alternative tax free option. Please look for it
You had recommended to invest on vauld!!
Those don’t know 12% club its basically a platform patnered with another nbfc called liquiloans which gives this p2p facility
Its also partnered with other fintechs like cred and fi money and the interest rate is different with different platforms
Like 12% club has 12% interest cred mint has 9% fi has 9-11%
And there are other nbfcs like lendbox and lenden club which also do provide this kind of p2p service
once you notice the reflection behind him you can't stop looking at it
This video should have been done long ago , but better late than never . Thanks
sequoia invested in FTC too
If I'm not wrong , they also did the valuation of Mama Earth when they were about to launch their IPO.
Thankful it got cancelled as it was way too overvalued.
There is no mention (in this video) of Bharat Pay having a bank license and it also falls under the DICGC. Even if it fails, upto 5 lakhs is secured.
Thanks
what i encountered is (been invested for more than 7-8 months ) if go to earning statement u will found that u earn more from cashback from 12% club rather than the underline p2p lending most of the time earning from p2p lenders were on average not more than 30-40% of the interest amount so that is something which even i donot get when i came across the earning statement so there is definitely something to explore here
What about Cred Mint?
only if such due diligence was done on vauld.
super insightful video
Informative 👍
Please make a video on analysis of Circpay.
12% just looks attractive... reality is way different
Hi Akshat, i frequently see your videos but fully. Appreciate your knowledge and communication. But, would love to see your videos for 10 to 15 mts. Otherwise it's very exhausting. May be you can come with part 1 2 etc. Just a suggestion.
One line summary is " Stay away from P2P lending. Think well if you want to borrow as the interest rates are super high"
What about cred mint?
Reflections 1:48
Some insights since i did invest regularly in 12 percent club until 3 months back
1.Many times they stop fresh deposits saying that they don't have that many people for loans but it opens back up in a week or so.
2. They credit interest everyday.
3. Withdrawals are fast enough , i have never had to wait more than 36 hours
4. There is no compounding effect in Bharatpe 12 percent club if you deposit and 1000 and after a year is 1120 in order to make it compound you will have to withdraw and deposit the whole money back again if you want compounding effect.
yes, Aansh..you are so right, no need to manic , my experience with bharat pe is so good..
Give me, I'll give 15% return.
Should it not be regulated at same level as Bank = Deposit taking institute?
Mobiwik is also giving 12 percent. Any information whether its a good deal considering the company
Please analyze NBFC companies like "Edelweiss".
Please make video on vauld
Even during corono period p2p NPA not crossed 10%. P2p is way better than vauld and your crypto
Spot on
12percent yearly or monthly?
Great video, just one thing, It's len den like lena aur dena vala len den not LEN DEN haha!
11:10 I think it should be pronounced as लेन देन club
12 percent club was weird my 25k ruppes was lent out to 70 people so my exposure per person was very low but my friends 50k was lent out to just two persons and it didn't make any sense
How do you know that your 25k was lent out to 70 people. Do they quote some where in the 12% club website?
Nope you have to go in transactions and download a report there you get the name of the people and what is their total loan amount and what is your exposure to them
Hey coolstag sorry now i am not able to see the names my money was with before i could just go in statement and could download a statement and they used to show me who all has my money
Please make a similar video about Jar
Corporate Bonds or even FD from big houses like Tatas or Bajaj or Shriram Group can give nearly 10%. If we manage to avoid Tax on this via HUF or non-salaried Dependents, then there is NO NEED to risk capital for that 12% club.
Which fd is giving 10%
Please dont only tell us the theory put some links where we can do it practically
@@vamsi8569 I gave enough details with names of fund houses and options. Google the details for the rest. Btw I already have put a portion of my portfolio in FD (with double digit cumulative return) ever since interest rates shot up
@VB btw bond yield and interest rates are inversely proportional, you'll only get double digit returns on one of them at a time.
Mera pass 20000 hai
12% club me add kare ki nahi please bataiye
12% club me Paisa koi dikkat nahi Na
Please 🙏 help me
In UK. customers waited in excess of 6 months to get their capital back after liquidating loans. A major cash flow issue
Unsure difference between AMC & ARC?
@@ukuk179 AMC is a Asset Management company which handles Mutual funds. ARC is Asset Restructuring company - it buys some loan book of the bank and tries to recover the unpaid loans and makes the profit
To invest kaha karen
Excellent video
What about Liquiloans?
You shown report of lenden group
This is making 12 %club a good company . It is safe until corona like problem comes
Make a video on cred mint
Where is the next video recommendation?
Digital VC program