TradeCred on Risks, Returns & Tax Liability of Invoice Discounting | Ft. Kunal Tekwani, Co-Founder
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- Опубликовано: 1 авг 2024
- TradeCred Review on the Risks, Returns and Tax Liability of Invoice Discounting. Let’s get to know if TradeCred is safe for investors and how it mitigates risks and other critical information about the safety of the platform.
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Time Stamps:
00:00 - Intro
01:29 - Income Tax Liability on Interest Income
02:25 - GST on Invoice Discounting for Investors
03:09 - Charges on TradeCred platform
04:21 - Risk Mitigation Process at Tradecred
05:47 - Escrow Account for Risk Mitigation
06:37 - Regulator for Invoice Discounting
08:26 - Case of a Buyer or a Seller default
09:40 - Defaults on Invoice Payments so far?
11:22 - Auto-renewal after maturity?
12:05 - How to check invoice details on TradeCred?
12:49 - Money Back guarantee after maturity?
13:44 - Losses in Invoice discounting
15:46 - Average AUM per investor?
16:16 - Is it safe to share e-Aadhaar with password?
17:03 - What if TradeCred itself defaults?
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About the Video:
Our last video about a new investment opportunity in the form of a new invoice discounting platform “TradeCred” helped our viewers understand what is invoice discounting or bills discounting, how can we so do through TradeCred App and how can we look out and mitigate the risks involved in it. Since, a lot of people want to avoid market risks but side by side also want to gain similar returns, Invoice Discounting proves to be a lucrative option for the same. However, being a new channel of investing, there isn’t a body for its regulation which poses to be a big disadvantage. To answer such questions, we got in touch with the TradeCred Co-Founder, Kunal Tekwani and got to know his views, company policies and other legal stuff to ensure investor safety on TradeCred.
Since, a lot of our viewer too had similar questions and concern TradeCred review, how to use TradeCred safely, it is a safe platform or not etc., we jotted down some important questions and tried to get an in depth understanding of how the TradeCred Platform ensures safety for its investors, how has it mitigated risk, etc. Let’s understand how to carry a out a safe TradeCred investment, enjoy low risk high returns opportunity, and much more with one of the best invoice discounting Apps in India.
In this video, we have explained:
1. Income Tax liability on Interest Income?
2. What is the GST applicability for Investors?
3. What are the charges on TradeCred platform?
4. How does TradeCred Mitigate Risk?
5. What is the Risk Mitigation process?
6. Escrow Account for Risk Mitigation?
7. Who is the regulator and where to complain if anything goes wrong?
8. What happens in case of a Buyer Company or a Seller default?
9. Any defaults on Invoice Payments so far?
10. Will a deal auto-renew after maturity?
11. How to check invoice details?
12. What is the guarantee that we will get our money back after maturity period?
13. History of Losses in TradeCred
14. Is the TradeCred App reliable?
15. Is it safe to share e-Aadhaar with the password?
16. What is the Average AUM per investor?
17. What if TradeCred itself defaults? What happens to my money?
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#invoicediscounting #tradecred #tradecredreview
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Who is Regulatory body of invoice Discounting...?
Ek hi last dout hai sir ji ...jb company paisa escrow account me dalta hai (icici bank ) me aayega tab uska paisa investor ke wallet me send karne ka kam kon karta hai ??! Icici bank ya tread cred ????
These big sellers usually have credit accounts with much higher credit limits, Cant they use funds from there in case invoice payment is delayed?
Instead of giving us 13%, why dont they take loan from bank at much lower interest rates?
@@sekhonrupi I think bank might not lend them against an invoice and they would also need some mortgage.
Thanks to both of you.... Clear all quarry.... Lets start.. 🙏🙏
Thank you Mukul Sir for putting your efforts for collating questions and asking directly to co founder...it really helps investors a lot🙏🙏🙏
It's my pleasure
Thanks for addressing my concerns.. But founder always tell u the bright side of his product. As it is a very good concept and we all r much eager to learn more about it pls bring some experts from finance sector like banking, CA, financial advisor etc.
+1
@@kapoorsarthak +1
Yes very right, pl interview a leading personality who is well versed of the nitty gritty of this type of business for benifits of all raw investor who are looking for greener pastures to earn healthy risk free returns.
Thank you for this video. It clarifies a lot of information.
Thank you so much Mukul sir👍,. Actually investing ammount is high i. e. min rs 50000. Then if any one defaults , it will be big loss to common man.
Thanks sir for clarifying
I genuinely appreciate ur sincerity Mukul jii, not just randomly endorsing something, u took th responsibility to clear viewer's apprehensions.
Well personally il wait and watch for some default to happen and see how efficiently these guys handle such situations, before investing my hard earned money, as volatile markets /interest rate risk are temporary but credit risk is permanent.
Thank you
Stay away.
They are trying to move their liability to the shoulders of common persons.
Who dont know how to put case in highcourt.
Who will fight with these big companies and portals in courts.
No other mechanics is there which will protect buyers.
Thank you sir. Bahut bari problem aapne solves kar di.
Thanks Mukul for the superb info ...really value adding interview .thanks Kunal. Good luck
Hope you like this video Ameya :)
Great Efforts Mukul ji,
Thanks a Lot.
one stop channel for all truth info..Thanks Asset Yogi Ji :)
Never ask a barber if i need a haircut or not.
And Such investing should be done if you have completely spare money.
Correct He will convince you for haircut
@@vigneshwarbhat1337 even if you r bald ;)
@@pankajjkmunjal bitcoin and ye barabar
Well let me tell you I had barber who always used to tell me now I not the right time for a haircut.
Sir ur questions were upto our expectations but co founders answers were not! Thank u sir 🙏❤️
If the vendor/buyer defaults then only risk mitigation option is SPDC ( Security post dated cheques)..but jo default karta h uska bank a/c bhi khaali hota h..
Isliy i feel third party insurance company ko laana chaiyee for all invoice discounting platforms..In case of default by buyer the insurance company will pay investor on maturity & take up the case to court for its own bharpaii ( loss-cover).
If this happens it will become the most lucrative investment...even more than stocks/mutual funds.
Thank you so much Mukul sir for this extended video.. This has clarified all queries now.. have a nice weekend.
You are most welcome
@@AssetYogi i can't upload my pancard on tradecred
What's the exact reason behind for this ?
I twice scanned in scanner and also scan in camscnner and tried to upload but they show upload unsuccessful nd try again
Now what to do ?
Thank you sir, Good and sensible questions..
Thanks Mr. Mukul !
You are a genuine teacher !
💐💐💐💐💐
Thanks and welcome
co founder said there is no default till now that is actually good and bad things both. If somebody defaults tradecred has no experience of dealing with it, so they also exactly don't know how to proceed as they are doing it for the first time and nobody knows what will be consequences
and this guy saying he will go to court
if amazing defaults they can hire good lawyers than trade cred and drag this case in court for years and till then investors money will be stuck.
Can you create a video showing how compunding is affected when we change stocks in our portfolio?
Thank you sir itne sare answer ke liiye
T&C on the App says that the user is liable to pay annual charges. 2nd You can't close account without a written application, which means uninstalling app doesn't mean user is off the liabilities. Please read the T&C before signing.
Wonderful myth buster session! Thanks Mukul & Kunal!
Thank you sir for making such videos was informative . Looking forward for more such videos for investment options
Keep watching
Thnx sir...for this q&a👍
सीधी सी बात है जब कोई रेगुलेटर नहीं तो इन्वेस्ट नहीं
Excellent questions sir
Don't know why people dislike this most informative video
Very good attempt, Thank you
Let's start
Very nice conversation to clear the doubts.👍
Glad you liked it
Cleared all my doubts,very informative video sir 👍
Thanks
Please make a video on how to read balance sheets, cash flows, profit & loss and valuation.
Great Request... Abdul
you can check finnovation vedio on balance sheet its perfect.
It seems some answers fail to inspire confidence. Nevertheless, it was a good session.
Thanks Mukulji, helpful conversation.
Thank you much sir for investment videos and you do very good work for our better future for and help for us❤
you are my inspiration sir 😊
Keep learning Himanshu :)
very good details, just that since there is NO default, does not help future saves and there does not seem absolute safety...."trade cred has capability to do legal cases...etc.." but there is NO strong assurance..that money is save, thanks both of you.
Sir excellent questioning
Keep watching
Please also throw some light on the regulatory body behind invoice discounting.
Bhut khubh dahnyabadh 😊👌✌
Thanks mukul sir to solve our queries tradecred related.
Hope you like this video
What's your opinion about investing in invoice discount ..,.?
Thank you so much Aseet yogi for this wonderful video 👍👍
Most welcome 😊
Very nice video and tough questions, great seasion
Hope it's helpful
Almost I too got my all answers, thank you😊
You're welcome 😊
Both persons were quite honest in their talks nothing hidden 🙂🙏
yes that was good but security of money is not up to the mark
@@omniojas yea
Very nice work
Thank you very knowledgeable 👍👍
My pleasure
Sry sir mai live session attent nahi kar paya, but mere kuch query hai,
1. Agar tradecred ki website hack ho jay ya kabhi khulehi na tab hume details kahan se milenge claim karne ke liye.
2. Sara fund ICICI bank ke account me aata hai or wallet website pe amount sirf reflect karti hai matlab ki pure invester ka paisa 1 hi account me hai unko koi intt. Nahi milega agar wo wallet me 6month pada rahe.
3. No regulatory means aapne bina security invest kar diya hai koi responsible person nahi hoga.
Please cleae my query for safe investing.
Thanks you
Good Job, Quality Q &A...
Thank you!
Nicely captured all doubts in the video...Great work thanks👍👍
Excellent info
Very knowledgeable video 🙏🙏🙏🙏🙏
Thanks a lot
Thanks a lot for clarification 😇
My pleasure 😊
The most trusted and recommended channel to learn about investing.
Sir, I just started earning and soon I will implement the knowledge gained through your videos.
Glad to hear that, keep learning :)
I think somewhere Co funder isn't so confident about their answers
he might trying to resist himself to come out openly
Though the concept of investment is very good and next level but it comes with lots of risk and complexity
There must be a regulatory authority. Otherwise.......
This is typical IT guy probs😜
Simple rule. Higher the returns - higher the risks. That's why MF managers / investment bankers not doing. I asked my Relationship managers of icici/HDFC banks.
very good q and a. very nicley soft spoken and answered coolly
Glad you enjoyed it!
Thank you for doing this vedio
It's my pleasure
Mukul sir is the best financial advisor..😊
Keep learning
Very helpful 👍
Glad you think so!
Thank you
You're welcome
Nice sir thanks 🙏👍❤️
Keep learning :)
Thank you 😊
You're welcome 😊
Security of investment is not so solid according to the answers received 🧐
somehow the guest was looking so reluctant, uninterested & uneasy throughout the session.
Absolutely risky since no regulations. It's not guaranteed that vendors from top company like Amazon will not default
Yeah..seem like a ponzi scheme where he will run with all the money
Trade Cred co-founder taking risk quiet lightly, as this asset is not under regulations, he should be more clear about the steps of recovering money, filing a case in high court is not a solution n money will be stuck during this period.
Moral of the story: STAY AWAY UNTILL IT COMES UNDER REGULATOR
And watch scam 1992 😂
exactly, just legal procedure is not enough especially in our country
Totally agree with u
seems fishy
@@raviahuja549 shocking 🙄😳😲
@@raviahuja549 Can you explain how?
Good comments
Please do for (BHARATPE )
Very nice video this time
Thanks
Thank you sir 😀😀😀
Most welcome
Very good work sir 👍
Thanks a lot
Sir...last wala question Ka answer samaj Nahin aaya..
Agar tredcred Nahin raha..toa redeem option hi Nahin hoga...toa hum bina redeem ke paise kaise payenge?
Local icici brunch main jaake bolenge TOA definitely uska manager Nahin sunega.
Other brunch ki problem Nahin sunte toa alag platform (tredcred) ki problem kya sunega 😂
Please isska solution bataiyen Sir.
Thank you in advance.❤️🙏
Exactly, he has half answers for most queries. he didn't answer why rating of App is low. He said they can go to court but didn't say they will go to court.
@@FundStory yeah..not default yet.
That's also a great sign and thanks to god or team of tradecrade or buyers- sellers whatever.
But is it happen anytime in near future,
Is it reliable that tradecread take legal action against defaulter/(s) for 1 bill or 0.001% invester?
If answer is 'YES',Then I will say it's not a earning platform, it's a family friend also.
And if the answer is 'NO',what I can say- irresponsible.
And we are worried because it is not about 1k-2k rupees, it's about more than 50k to 4-5 lakhs rupees. And it's a huge amount for a middle class family.
Escrow account ka access investor ke paas rehega. To seller escrow account me paise dalega aur investor nikalega
very nice video. In this video you clear all investors doubts. well done brother.
Thanks :)
Thank you Mukul Sir for this video🙏
Always welcome
Very nice. helpfull
Glad to hear that
Thanks
Welcome
What is TradeCred Prime Guarantee ? Can anyone pls tell. Thanks in advance
Sir what about the partnership with trade cred?
I had one important question regarding this. Let's suppose I invest 1 lakh rupees today, to hume interest aaj se lekar duration of the deal tk ka interest rate milega(i.e. maturity date tk ka) ya fir deal jb 100% fund ho jayegi to us din se lekar maturity date tk ka?
Sir, funder ko boliye app ko thoda apdate kare, bahat log ana chate hay, lekin app ki default k liye 1star de ke chor rahe hay
Really thanku sir 😊
Most welcome
Thanks Sir
Welcome
Thanks sir for answering our queries in such a short span of time.
Thank you very much Mukul sir :)
Always welcome
Nice discussions.
Thanks Vivek.
Thank you for hearing out the genuine concerns! :)
Our pleasure!
can you please make a vdo dedicated to RISKS on invoice discounting.
As a investor konse points mujhe check karane chahiye in invoice discounting please explain in detail
Tqq bro🖤
Hope you like this video :)
Thank you Mukul 🙏🏻
With markets peaking and being extremely volatile, this is the aboslute best platform to invest, in the present times.
Retailers will invest their hard earned money and in case of default..need to go court it's not risk mitigation .it's pure gamble like you won't even get any money . For now 12%club seems better investment. When question asked only one line is repeated still no defaults ... they are not regulated ...no proper planning for risk mitigation
Full account opening video 5 bar kr liye but open hi ni hora
Fixed return not giving as per deal if we invest in any invoice. I checked it's showing 12% but actual return showing 2 to 3% at our invested money.
12% is per annum, in 3 months u get 3% , which a quarter of 12
The cofounders also need to interact directly with the investors, to stay abreast of the problems they face with RMs, customer care, app, process, etc. However, I don't find the email ID or phone number provided on the website. Calling customer care will just make the complaint go round in circles, without any improvement. I am an investor for 4 years, but am thinking of pulling out due to this reason alone.
Good video but inka customer care No hai kya sir
Good Night 🌷
Ok sir thanks
Welcome
AWWSOME SIR
@ Asset Yogi: Thanks for uploading such content, i really appreciate the finacial wisdom you share with the larger community. i have a question in regards to Tradecred investment.
Wouldn't investing in a savings account like IDFC at 4% be better than investing in Tradecred deals, which offer only 2 to 2.5% growth? Although the Internal Rate of Return (IRR) can be deceptive, such as when investing for 90 days in an Amazon deal where the IRR shows 10%, in reality, one is earning only 2.4%. ( investment amount Rs 2.5 lacs and maturity amount would be Rs 2.56 lacs only)
Mr mukul case study is clear & 100% transperent
Thanks Narendra
Sir me ko 4 question puchnq hai ap ke sath live kese add hoge plse
How to show income from invoice discounting in income tax return?