We evaluate 3 major aspects for any potential corporate leasing partner:
Most of the time it will be monthly or quartely. However it may vary from asset to asset and hence you are requested to check the asset's detail page for specific information.
You must complete KYC and choose from available investment opportunities according to your objective. Once you have finalized the opportunity, you can simply click on it and proceed with payment during market hours. You need to complete the process of payment within one working day to start earning fixed-income returns. You will get the payment confirmation as well as an investment order successful communication from us. You can also check your investment order's journey details from the portfolio page.
The fee charged by Grip varies depending on the opportunity and the asset class. These details are specified as a part of the opportunity-specific details made available on the deal page. We urge you to read all opportunity specific details thoroughly before investing.
No, the returns displayed are not guaranteed by Grip or any other third party. However, the returns specified indicate the amounts/ IRR (as the case may be) expected to be paid out to the investors assuming that all payments are made. We would request you to also refer to the information memorandum and the credit rating rationale made available for each of the Corporate Bonds, LeaseX, InvoiceX, LoanX and/or BondX opportunities.
All fixed-income asset classes available on the Grip platform are structured as listed instruments and are tradable on the exchanges (NSE/ BSE). These include both Corporate Bonds as well as SDIs (LeaseX, InvoiceX, LoanX and BondX). Considering these instruments are listed, investments in these instruments can only be made during regular market trading hours of the concerned exchange, similar to other listed securities (like stocks, REITs, InvITs and ETFs). Furthermore, with our recent integration with the NSE for the RFQ system, all investments are made directly on the stock exchange. Typically, the market hours followed by the exchanges are 09:00 AM to 05:30 PM, Monday to Friday (except exchange certified holidays). If you are exploring any asset during non-market hours and wish to invest, you can set a reminder by clicking on the ‘Remind Me’ button, and we will remind you on the next day when the market reopens.
For investing in Corporate Bonds and SDIs, the following payment deadlines are required to be followed: (Assume that the ‘T’ day is the day on which you have initiated the order process, and the ‘T+1’ day is the immediately next working day on which the market is open):
For Net Banking: 04:30 PM, T day
For UPI: 04:30 PM, T+1 day
For NEFT/ RTGS : 02:30 PM, T+1 day. Please note for NEFT/ RTGS, payment cannot be made on T day. You must only make the payment on T+1 day and it should reach the exchange account by 04:30 PM.
Yes, you can pay using UPI as a payment method. However, as per the UPI guidelines, the maximum limit for the transfer of funds is INR 200,000 (Indian Rupees Two Lakhs) per day and is further subject to individual limits imposed by the banks. We urge you to confirm the transaction limits with your bank before transacting. If the transaction value is greater than your UPI limit, you can also use Net Banking, NEFT, or RTGS to make the payment.
If you choose ‘NEFT/ RTGS’ as a payment method, you will first need to add the clearing corporation as a ‘beneficiary’. Please note that this is only required to be done one time - while making your first investment. Please note that you should use the same bank account, which you had shared while opening your account with Grip, to transfer the funds.
UPI is only eligible for payments of orders where amount to be paid is less than Rs 2,00,000
