Question 1

Is Grip Invest Safe?

Accepted Answer

Grip is a platform that brings different alternate asset classes for investors. The risk of investments will vary depending on the investment class

Question 2

Can I invest in Startups via Grip?

Accepted Answer

Yes, Grip allows investors to invest alongside VCs to diversify their investment portfolio into Startup equity. This is done via SEBI's AIF Category I license for Angel Funds.

Question 3

What is lease investing?

Accepted Answer

Grip enables individuals to invest in physical movable assets like furniture, automobiles, warehousing equipment, IT equipment, etc., and lease these assets to corporates usually start-ups and scale-ups for a period of 2 to 3 years.  The assets are purchased by Grip on behalf of investors and leased to these companies. At the end of the lease term, these assets typically get bought by the leasing company itself as the asset life is much longer than the lease term. This enables the investor to get a fixed return as a combination of monthly lease income and residual value. Lease financing enables investors to earn a monthly fixed income through lease rentals on these assets and an overall pre-tax IRR of 20-22%

Question 4

What is IRR and how to evaluate returns?

Accepted Answer

The Internal Rate of Return (IRR) is a metric used to analyze the profitability of investments that generate returns over a period of time, such as monthly rental from the leasing of assets. Generally speaking, when comparing investment options with similar risk characteristics, the financial instruments with the highest IRR would be considered the best.

Question 5

How does Grip evaluate deals?

Accepted Answer

Grip evaluates 3 major aspects of any potential corporate partner: Financials,  Corporate Profile, and Business Performance.

Question 6

What is ‘Sell Bonds Anytime’?

Accepted Answer

‘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.

Question 7

How does it work?

Accepted Answer

Selling your Bonds via Grip is a simple three-step process:
On the Grip app/ website, go to “My Investments” in your Portfolio and select the Bond you want to sell.
Place Sell Request and get the pricing instantaneously from the buyers.
Place the sell order on T+1 with your broker. The time to place the order is till 2pm. 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.
A detailed email and WA is sent to Grip registered email ID and mobile number.
Once you have placed the sell order, share the details or screenshot at support@gripinvest.in
Once the order gets settled, you will receive a confirmation email with your order settlement details.

Question 8

When can I place a sell order for my bonds with my broker?

Accepted Answer

Sell orders for bonds can be placed only on exchange working days—Monday to Friday—excluding market holidays. The trading window is open from 9:15 AM to 2 PM.

Question 9

When can I sell the Bonds I bought?

Accepted Answer

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.

Question 10

Are there any charges for selling the Bonds?

Accepted Answer

Yes, a transaction fee of 0.25% YTM basis points is charged by buyers when using this feature to sell your Bonds. Please note that your broker may additionally charge transaction fees.

Question 11

Which Bonds are eligible for ‘Sell Bonds Anytime’?

Accepted Answer

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

Question 12

Do I have to sell all the units of a Bond or can I sell only some units?

Accepted Answer

You can choose to sell all or only a portion of your units in a Bond, depending on your liquidity needs. Check standard charges with your broker before placing the sell order.

Question 13

How can I verify that the transaction has been completed?

Accepted Answer

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.

Question 14

When will I receive my money?

Accepted Answer

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 broker wallet.

Question 15

Can I sell units purchased from other platforms?

Accepted Answer

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

Question 16

How is the selling price determined?

Accepted Answer

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.

Question 17

What instruments are applicable for liquidity?

Accepted Answer

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

Question 18

What will happen to my portfolio on Grip?

Accepted Answer

Your investments will get updated once the order is settled under the “My Portfolio” section.

Question 19

What about taxation if I sell before maturity?

Accepted Answer

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).

Question 20

How will tax filing work?

Accepted Answer

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.

Question 21

Can I cancel the transaction after placing the sell bid?

Accepted Answer

In case you change your mind, you can choose not to place the sell order with your 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 broker Order cancellation is not possible once the sell bid is placed and the buyer buys the units.

Question 22

What should I do if I do not receive the funds within the expected timeframe?

Accepted Answer

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 sellanytime@gripinvest.in. We will investigate the delay and provide you with an update on the status of your funds.

Question 23

Is this transaction executed via the stock exchange?

Accepted Answer

Yes, the transaction is happening via the stock exchange.

Question 24

What documentation do I need to provide for the transaction?

Accepted Answer

You do not need to provide any additional documentation.

Question 25

Who can I contact if I need help?

Accepted Answer

For any queries, you can reach out to our support team via email at sellanytime@gripinvest.in . You can also get in touch with your dedicated Relationship Manager whose details can be found here - https://www.gripinvest.in/profile/support