Aspero vs Wint Wealth
Both are bonds-first, SEBI-registered platforms selling mostly NBFC and corporate paper to retail investors. Aspero is the Yubi group's retail arm, fed by its institutional debt marketplace; Wint Wealth is the largest online bond platform by volume. Here is how they compare, including the SEBI penalty each has paid.
| Aspero | Wint Wealth | |
|---|---|---|
| Core product | Bonds-first platform of the Yubi group: listed NBFC and corporate bonds, including 3-, 6- and 9-month bonds, plus bond IPOs; also serves wealth managers and advisers. | Bonds-first: a curated shelf of NBFC/corporate bonds and securitised debt instruments (SDIs). |
| SEBI / OBPP registration | Registered — Aspero Markets Pvt Ltd (formerly Credavenue Securities), INZ000310534; BSE OBPP member 6810 (since 28 Mar 2023), NSE OBPP member 90374 (since 8 Oct 2024). | Registered — Wint Securities Pvt Ltd (formerly Fourdegreewater Services Pvt Ltd), INZ000313632, NSE OBPP member 90328. |
| Owner | 100% owned by CredAvenue Pvt Ltd, the Yubi group (FY2024-25 annual return); Yubi reported a ₹416 crore net loss for FY25. | Independent bonds platform founded in 2020 (as GrowFix); FY25 net loss about ₹8.2 crore on about ₹44.5 crore of operating revenue. |
| Scale | Self-reported on its homepage (25 Sep 2026): 80,000+ investors, ₹2,400 crore invested, 220 bonds. Not named in Moneycontrol's ranking of the largest platforms, which uses NSE data only (Aspero also trades on BSE). | ~₹900 crore of bond sales a month — about half of all online-bond-platform transactions (NSE data via Moneycontrol, 2 Sep 2026). |
| Bond shelf & credit profile | Advertises 'fixed returns of 9–13.5%'; the six bonds featured on its homepage on 25 Sep 2026 were rated A+ down to BB+ (below investment grade). | Curated 9–12% shelf skewing sub-AAA (A to AA NBFC/securitised paper, typically secured). |
| Minimum investment | ₹10,000 per its homepage; its app-store listings still say ₹1,000. Set per bond. | From ₹1,000 (as marketed). |
| What you really pay | 'A small platform fee' shown at checkout (amount not published), plus a price spread that is not disclosed per bond. | "Zero brokerage" to the investor; revenue is an embedded, per-bond-undisclosed price spread plus issuer arranger/distribution fees. |
| Skin in the game | None stated. | States a ~2% co-investment in each listed bond. |
| Government securities | Not offered; Aspero told SEBI it stopped offering listed Sovereign Gold Bonds from 11 Jul 2024. | Not its focus — Wint's shelf is corporate/NBFC bonds and SDIs. |
| Exit before maturity | Sell on the exchange after a 30-day holding period, 'subject to buyer availability' — thin for retail NBFC lots. | Hold-to-maturity in practice; secondary-market liquidity for retail lots is thin. |
| Regulatory record | SEBI ₹1 lakh penalty (4 Apr 2025, statutory minimum): 1,010 listed-bond trades worth ₹1,190.85 crore (52% by value) went OTC instead of via the exchange RFQ platform in 2023–24, and 7 SGB trades settled off-market; no investor loss quantified. | SEBI ₹1 lakh penalty (21 Nov 2025, statutory minimum) for routing most bond trades OTC instead of via the exchange RFQ platform; no investor loss established. |
| Complaints | About 25 formal complaints from Apr 2025 to Feb 2026, none pending (its own disclosure). | 2025 complaints about delayed or mis-shown coupon payouts (see the Wint Wealth review). |
Aspero or Wint Wealth: who each one suits
- You want a large shelf to choose from, including 3-, 6- and 9-month bonds
- You can judge NBFC credit risk, including paper rated below investment grade
- You will check the platform fee on the order screen and compare yields elsewhere
- You want the largest, most established bonds-first platform
- You value the platform stating a ~2% co-investment in each bond
- You prefer a curated shelf and one consistent ₹1,000 minimum
Which should you pick?
Read the full reviews: Aspero review · Wint Wealth review
Compare next
Sources
- https://www.sebi.gov.in/enforcement/orders/apr-2025/adjudication-order-in-the-matter-of-inspection-of-credavenue-securities-private-limited_93314.html
- https://www.sebi.gov.in/enforcement/orders/nov-2025/adjudication-order-in-the-matter-of-inspection-of-fourdegreewater-services-private-limited-as-stock-broker-acting-as-an-online-bond-platform-provider_97884.html
- https://www.sebi.gov.in/online-bond-platform-providers.html
- https://www.aspero.in/
- https://www.aspero.in/ComplianceDocs/Annual%20Returns/FY-24-25.pdf
- https://www.aspero.in/ComplianceDocs/Monthly%20Grievance%20Redressal%20Status/Grievance-Redressal-Status-Stock-Broker.pdf
- https://play.google.com/store/apps/details?id=com.yubi.android.my.yubi.invest
- https://www.moneycontrol.com/technology/online-bond-platforms-see-sharp-growth-as-retail-investors-warm-up-to-corporate-debt-amid-muted-equity-returns-article-14020572.html
- https://www.wintwealth.com/
This comparison is for information only and is not investment advice. Bond investments carry credit and liquidity risk, and fixed returns are not guaranteed returns; verify current details on each platform and check the issuer’s credit rating before investing. Facts last verified September 2026.
← Back to the bonds hubFrequently asked
What people ask when choosing between Aspero and Wint Wealth.
For most bond investors, Wint Wealth: it is the largest online bond platform (~₹900 crore a month, NSE data), states a ~2% co-investment in each bond and markets a ₹1,000 minimum. Aspero offers a larger claimed shelf (220 bonds) with short 3- to 9-month tenures, backed by the Yubi group's debt business, but charges a platform fee it does not publish and has featured BB+ bonds. Both sell mostly sub-AAA NBFC paper, so returns depend on the issuer paying.
The platform is regulated: Aspero Markets is a SEBI-registered stock broker (INZ000310534) and an online bond platform on BSE and NSE, and bonds settle into your own demat account. The bonds are the risk — mostly NBFC and mid-sized corporate paper, including some below investment grade — and its 'zero default' claim is self-reported. SEBI fined it ₹1 lakh in April 2025 for a trade-routing lapse.
Yes, for similar lapses. SEBI fined Credavenue Securities (now Aspero Markets) ₹1 lakh on 4 Apr 2025 after finding that 52% of its listed-bond trade value between March 2023 and June 2024 went through the OTC route instead of the mandatory exchange RFQ platform, and that 7 Sovereign Gold Bond trades were settled off-market. It fined Wint Wealth's operator ₹1 lakh on 21 Nov 2025 for routing most bond trades outside RFQ. Both were the statutory minimum, and neither order quantified any investor loss.
Wint markets bonds as 'zero brokerage' and earns a spread built into the price, plus issuer fees. Aspero's homepage says it charges 'a small platform fee that is transparently displayed at the time of purchase', but it publishes no rate card, and it too earns an undisclosed spread. On both, the practical check is to compare the net yield for the same ISIN on another platform.
Yes. Aspero Markets is 100% owned by CredAvenue Pvt Ltd, the company behind the Yubi group, according to its FY2024-25 annual return; Yubi Invest was rebranded as Aspero in October 2023. Yubi also supplies 14 of the 26 listed bonds on Groww (25 Sep 2026).