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All about Grip Alternative Investments
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Grip Investment Declaration (GID) is a document that summarises your investment and returns for transactions via Grip platform.
Corporate Bonds and SDIs (LeaseX, Loanx, BondX, InvoiceX) are SEBI regulated products and are managed by a SEBI regulated Trust hence we will provide you with the amount invested. For the interest earned and Capital gains in case of secondary sale, Investor has to rely on the information provided by the Issuer Trust / Corporate or Depository Participant.
For the leasing and inventiry deals, the GID will have relevant schedules similar to the information required in your Income Tax Return.
We will be sharing the Grip Investment Declaration (GID) in the last week of June 2024. It will be uploaded in your portfolio page on www.gripinvest.in and you will be notified of the same through an email. Financial year for every LLP closes on 31 March and the accounting books for the LLP’s will be closed in the 10-12 weeks that follow. Because of the nature of the processes involved, GID can be provided only at the end of June 2023.
There will be only one GID issued per investor for a financial year. This document will summarize all the investments made by the investor through Grip.
Yes, the GID includes all the relevant information relating to your investment and returns earned on investments made through Grip platform. It will be useful for a CA or tax advisor to file your ITR as it contains a summarised report of all investments and returns therein.
