Grip Partners Oxyzo to launch company bonds on its platform

NEW DELHI: Grip, a multi-asset different funding platform, introduced the itemizing of investment-grade-rated company bonds on its platform. Individual buyers can spend money on these bonds by the platform at a minimal funding of ₹10,000.

According to a press launch, by Grip’s platform, buyers can spend money on company bonds which might be rated, ‘A’ or above by credit standing companies equivalent to CRISIL, ICRA, and India Ratings (Fitch). Corporate bonds will probably be held in demat type and as they might be listed on the inventory exchanges, there will probably be secondary buying and selling, ought to the investor must exit earlier than maturity.

Highlighting the brand new providing, Nikhil Aggarwal, founder and CEO, Grip, stated, “With a robust neighborhood of over 300,000 buyers, our endeavour is to innovate and democratise different funding choices regularly for them. Corporate bonds are one more alternative for buyers to generate engaging returns as these are secured and rated monetary devices, listed on the inventory exchanges, and supply inflation-beating returns with lesser volatility, in comparison with fairness markets. We are extremely excited to allow investing in Corporate Bonds in a seamless tech-enabled method for our buyers.”

Ruchi Kalra, co-founder and CFO at Oxyzo Financial Services Pvt Ltd, said, “At Oxyzo, our aim is to continuously innovate in the financial services space through end-to-end capabilities across origination, deployment, curated structuring and distribution enabled through technology. Through our partnership with Grip, we want to enable rated, secured and low risk investment option for the growing community of retail and individual investors in the country.”

The press launch added that buyers might take into account including company bonds to their portfolio, nevertheless, their allocation might range relying on general goals. For instance, an investor with a better threat urge for food might take into account a decrease allocation to bonds and a better allocation to fairness markets or different property like unlisted fairness, it added. Investors are suggested to seek the advice of their monetary advisor earlier than investing in company bonds.

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