Gripp Partners Oxijo to launch corporate bonds on its platform

According to a press release, through Gripp’s platform, investors can invest in corporate bonds that have been rated ‘A’ or above by credit rating agencies such as CRISIL, ICRA and India Ratings (Fitch). The corporate bonds will be in demat form and since they will be listed on stock exchanges, there will be secondary trading if the investor is required to exit before maturity.

Highlighting the new offering, Nikhil Agarwal, Founder and CEO, Gripp said, “With a strong community of over 300,000 investors, it is our endeavor to innovate and democratize alternative investment options for them on a regular basis. Corporate bonds are another opportunity for investors to generate attractive returns as these are safe and rated financial instruments listed on stock exchanges, and provide inflation-beating returns with less volatility than equity markets. We are incredibly excited to enable our investors to invest in corporate bonds in a seamless technology-enabled manner.”

Ruchi Kalra, Co-Founder and CFO, Oxijo Financial Services Pvt Ltd, said, “At Oxizo, we aim to innovate in the financial services sector through end-to-end capabilities through enablement through origination, deployment, curated structuring and delivery. To innovate continuously. technology. Through our partnership with Gripp, we aim to enable rated, safe and low-risk investment options for the growing community of retail and individual investors in the country.”

Investors may consider adding corporate bonds to their portfolios, however, their allocation may vary based on overall objectives, the press release said. For example, an investor taking a higher risk might consider a lower allocation for bonds and a higher allocation for equity markets or alternative assets such as unlisted equities. Investors are advised to consult their financial advisor before investing in corporate bonds.