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Corporate Bonds
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Secured corporate bonds are backed by collateral that the issuer may sell to repay you if the bond defaults. The issuer pledges specific collateral—such as property, equipment, or other assets that it owns—as security for the bond. If the issuer defaults, holders of secured bonds will have a legal right to sell the collateral to satisfy their claims.

There are 2 types of bonds: Listed and Unlisted.
Listed bonds are traded through an exchange such as BSE or NSE. Unlisted bonds are not traded on an exchange but through the over-the-counter (OTC) market. Market makers facilitate the buying and selling of unlisted bonds in the OTC market. Because they are not exchange traded, unlisted bonds can be less liquid than listed bonds.

The bonds selected by Grip have a face value ranging from INR 10,000 to INR 1 Lac. Grip is not fractionalizing any of these bonds but is selling at minimum lot sizes.

Grip acts as a distributor of the bonds sourced from partner institutions such as Oxyzo Financial Services, etc. 

Ratings represent the creditworthiness of the bond after evaluating key metrics including the issuer’s financial strength, previous track record and liquidity.

Bonds are tradable instruments on the stock exchange. This means that there is no lock-in on your bond investment. If you want to sell the instrument before maturity, you can do so in the secondary market at the market price (market price may vary from par-value). However, the liquidity in the secondary market could be limited, Grip doesn't take responsibility of liquidation of the assets.