Securitised debt instruments offered by Grip Invest are the latest fixed income instruments starting to see participation from retail investors
Chitra Koushik’s father is an out-and-out fixed deposit saver. The retired post office employee would either save at his local bank or in savings certificates of his employer. He knew no other form of saving.
A little over a year ago, his daughter suggested that he try fixed income instruments with a higher payout that she found on Grip Invest, a platform which specialises in fixed income investing. While her father was sceptical, Koushik persisted and managed to persuade him to invest a total of Rs10 lakh in a product that invested in securitised lease payments for a cab aggregator.