What is ‘Sell Bonds Anytime’?
"Sell Bonds Anytime" means investors can sell bonds purchased through Grip Invest. This feature offers flexibility and liquidity by allowing sales through Grip's platform.
Can I sell before maturity?
Yes, you can sell your bonds before maturity on Grip Invest, typically after a minimum holding period of two months.
How do I sell my bonds on Grip?
If you have a Grip Demat account:
- Go to “My Holdings” in the “Portfolio” tab — Select the bond you wish to sell.
- Tap "Sell" — View the live sell price available for your investment.
- Confirm the Order — Place your sell order instantly within the app.
- Track & Receive Settlement — Track your order and receive settlement within 1 working day.
If you have a Non-Grip Demat account:
- Go to Portfolio — Navigate to "My Holdings" and select the bond you wish to sell.
- Place Sell Request — Get pricing from buyers instantaneously.
- Check Your Email — A detailed email with broker instructions will be sent to your Grip-registered email ID.
- Execute the Trade on T+1 — Place the sell order with your demat broker between 9:30 AM and 2:00 PM. Note: Pricing is valid till T+1 day and will change if the order is not placed within that window. T is the date of sending the sell request.
- Upload Confirmation — Once you've placed the sell order, share the details or a screenshot with us at support@gripinvest.in.
Receive Settlement Confirmation — Once the order is settled, you'll receive a confirmation email with your order settlement details.
Is there any fee for selling?
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.
What determines the sale price?
The sale price is determined by prevailing market conditions and the demand from buyers on the secondary market. Grip obtains competitive bids from investors to reflect the fair market value for your bonds.
How long does a sale transaction take?
The sale transaction gets settled within 1 working day. On T day, you place the sell request and receive the price. The sell order can be placed by T+1 day (max by 2 PM). After the sell order is executed, the amount is credited to your registered bank account on T+1.
What happens if there are no buyers?
If no buyers are available at your sale price, the order may not execute immediately. You can wait or revise the price. Grip actively works to maintain liquidity, but cannot guarantee an immediate sale in all cases.
What are the tax implications of selling bonds early?
Selling bonds before maturity can result in either capital gains or capital losses, depending on the sale price versus your purchase price. Short-term capital gains (STCG) are taxed at your applicable income tax slab rate, while long-term capital gains (LTCG) are generally taxed at a specified flat rate without indexation benefits, as per the prevailing tax rules for the type of bond you hold.
