Wint Wealth Review 2025: High-Yield Covered Bonds, Features, Risks, Competitor Comparison in India

Brokerage Free Team •August 8, 2025 | 2 min read • 166 views

At-a-Glance Factsheet

Attribute Details
Founded 2020 as GrowFix (rebranded Wint Wealth)
Founders Ajinkya Kulkarni, Abhik Patel, Shashank Chimaladari, Anshul Gupta
SEBI License OBPP (Online Bond Platform Provider), granted July 25, 2023
Typical Min. Investment ₹10,000 (some bonds up to ₹1 lakh+)
Yield Range ~9–11% p.a., occasionally up to ~12% for higher-risk issuances
Key Strengths Curated senior secured bonds, Zerodha integration, clear disclosures
Key Risks Credit risk, limited secondary liquidity, issuer dependency

1. The Bond Basics: Covered vs Senior Secured Bonds

  • Senior Secured Bonds: Backed by specific collaterals; in default, bondholders have prior claim to assets—thus safer than unsecured debt.

  • Covered Bonds: Maintain a dynamic collateral pool, meaning even if the issuer fails, investors still receive payments from the secured assets.

These structures help boost investor confidence by offering higher yields than FDs with layered protection.

2. Sample Investment Scenario

Let’s assume:

  • Investment: ₹50,000

  • Bond Type: Covered bond at 10.5% p.a.

  • Tenor: 36 months

  • Payout Frequency: Quarterly

Quarterly payout: ₹50,000 × 10.5% ÷ 4 = ₹1,312.50.
Total interest over 3 years = ₹50,000 × 10.5% × 3 = ₹15,750.
Principal (₹50,000) returned at maturity.

This simplified example helps visualize real returns—note potential default can disrupt this flow depending on collateral strength.

3. Risk–Reward Positioning Matrix

  • Lower left: RBI Retail Direct and RBI Floating Bonds—minimal credit risk, lower returns (~8.05%)

  • Middle: Wint Wealth—moderate risk, mid-to-high yield.

  • Upper right: Niche platforms (e.g., Grip Invest) or high-yield GoldenPi offerings—highest yields but elevated risk exposure.


4. Expanded Competitor Comparison

Platform Min ₹ Yield Potential Liquidity Strengths Ideal For
Wint Wealth ₹10,000+ ~9–11% Low–Moderate (via RFQ) Curated, collateral-backed, SEBI-licensed Retail investors wanting high-yield bonds
GoldenPi ₹10,000–₹2L+ Up to ~12% Moderate via exchange listings Large bond catalog, liquidity, govt & corp Diversified bond investors
IndiaBonds Low Varies Likely low Huge directory, analytics tools DIY analysts seeking transparency
RBI Retail Direct ₹10,000+ Up to ~8.05% High—direct gov backstop Govt-guaranteed G-Secs, low risk Risk-averse investors needing stability
Grip Invest / Niche Varies >11% possible Low Alternative assets, high payouts High-risk yield seekers

Final Takeaways

  • Wint Wealth excels for retail investors aiming for better-than-FD yields, with manageable entry and secured bond structures—but expect low liquidity.

  • GoldenPi and IndiaBonds offer broader options and tools, with liquidity advantages.

  • RBI Retail Direct remains the safest, though yield is modest.

  • Choose based on: Yield ambition, risk tolerance, liquidity needs, and comfort with platform structure.

 

Discussion