Grip targets Rs 2k-cr inflows into fixed income products

New Delhi: Grip Invest, a technology-driven trading platform for fixed-income products, expects investment through its platform to double to Rs2,000 crore over the next 12 months.

The total investment in corporate bonds and other debt products has crossed Rs 1,000 crore recently and it should double in the next 12-14 months, Grip Invest Founder and CEO Nikhil Aggarwal told PTI. There is growing interest among retail investors in fixed-income products as the risk is lesser compared to the stock market, he said. The volume has seen improvement on a month-on-month basis and availability of a higher number of options would attract more investors going forward, he said. Grip Invest has already raised Rs 100 crore from a clutch of venture capitalists, which could sustain the business for more than a year, he said, adding, “depending on volume growth, we would look at fundraise in the future.”