‘Sell Bonds Anytime’ enables investors to sell Bonds bought from Grip before their maturity date. Investors can initiate a sale anytime after a holding period of two months from their investment date in the respective Bond.

Selling your Bonds via Grip is a simple process:
 

1. On the Grip app/ website, go to “My Holdings” in your Portfolio and select the Bond you want to sell.  
2. “Place Sell Request” and get the pricing instantaneously from the buyers. 
3. Place the sell order on T+1 with your demat broker. The time to place the order is from 9:30 am to 2:00 pm.The pricing shared is valid  till T+1 day and will change if the order is not placed within T+1 day. T is the date of sending the sell request. 
4. A detailed email is sent to Grip registered email ID.
5. Once you have placed the sell order, share the details or screenshot with us.
6. Once the order gets settled, you will receive a confirmation email with your order settlement details.

Sell orders for bonds can be placed only on exchange working days—Monday to Friday—excluding market holidays. The trading window is open from 9:30 AM to 2 PM.

You can sell any bond purchased through Grip using the ‘Sell Bonds Anytime’ feature.

You can sell bonds bought on Grip after a holding period of two months from the investment date. The sell option in your portfolio will automatically become active once the two-month period is completed.

Currently, only bonds purchased via Grip Invest can be sold. Grip will extend liquidity support to SDIs (Structured Debt Instruments) soon.

Grip allows you the flexibility to use your existing demat account to hold the bonds you buy on Grip. Accordingly, your demat broker needs to receive instructions from you via their app in case you are looking to sell the bond held in the demat account provided by them.

Yes, there is a charge of 0.25% which is adjusted in the price of the bond offered by the buyer.

Please note that your demat broker may additionally charge transaction fees.

Once your bond sell order is executed on the exchange and the order is settled, the funds will be credited to your demat-linked bank account or demat broker wallet by end of the day.

Once your sell request is processed and settled, Grip will send you an email confirmation. You can also check your demat account for unit transfers and verify the credited funds in your demat-linked bank account or broker wallet.

Your investments will get updated once the order is settled under the “My Portfolio>My Holdings” section. You can also see the details on the sell order placed under “My Portfolio>My Transactions”. 

You can choose to sell all or only a portion of your units in a bond, depending on your liquidity needs.

No, currently, you can only sell bonds bought through Grip. Bonds acquired from other platforms or brokers are not enabled to sell currently.

Grip works with a large number of investors who actively buy and sell Bonds. When you express your interest to sell, Grip immediately obtains a price from these buyers that reflects the prevailing market price and communicates the same to you.

In case the investor sells the Bond before the maturity period, the difference between the Selling price and the Purchase price less principal repayments (if any) will result in a Capital Gain / Loss. 
Short Term Capital Gain (STCG) is taxable at the income tax slab rate of the investor. Long Term Capital Gain (LTCG) is taxable at 10% without indexation benefit.
Any STCG can be adjusted against any other STCG or LTCG earned by the investor in that financial year. LTCG can only be set off against Long Term Capital Loss (LTCL).

The details of your interest earned during your holding period and the details of STCG or LTCG from the sale of the Bonds will be included in the annual Grip Investment Declaration (GID), which is shared at the end of the financial year.

In case you change your mind, you can choose not to place the sell order with your demat broker and the order will expire on T+1, T being the date of placing the sell request on Grip.
In case you have placed the order with your demat broker, order cancellation is not possible once the sell bid is placed and the buyer buys the units.

In case of transaction failure, the units will be credited back to your Demat account. In case of successful transaction, if you do not receive the funds within D+1 exchange working days from the day of order placement, contact us at support@gripinvest.in. We will investigate the delay and provide you with an update on the status of your funds.

Yes, the transaction is happening via the stock exchange.

You do not need to provide any additional documentation.