Investors can access select equity, debt and gold schemes through the Grip Invest app, with automated reinvestment of bond returns.
Axis Mutual Fund has partnered with Grip Invest, a fixed-income investment platform, to make select Axis Mutual Fund schemes available through the Grip Invest app.
The partnership will enable investors to access equity, debt and gold fund offerings while supporting portfolio diversification. Grip Invest’s Auto-SIP feature will also allow investors to automatically redirect returns from bond investments into Axis Mutual Fund schemes, helping facilitate disciplined investing.
Boniface Noronha, Chief Digital Officer, Axis Mutual Fund, said, “Investors today increasingly seek solutions that are simple, seamless and integrated into their financial journey. Through our partnership we aim to provide a convenient way for investors to invest into mutual funds, helping them diversify their portfolios and participate in broader wealth-building opportunities. We are excited to partner with Grip as they continue to develop solutions that address evolving investor needs. This partnership reflects our continued focus on leveraging fintech partnerships and digital innovation to make investing more accessible.”
Nikhil Aggarwal, Founder and Group CEO, Grip Invest, said, “Compounding is the #1 principle to wealth generation. Infinite solves that effortlessly for Bond investors by making sure that their money is always earning. With the option to now reinvest returns from Bonds in equity, debt and gold funds from Axis Mutual Fund, investors can also choose how and where they want these returns to compound. The best part – investors retain the ability to exit anytime and retain full flexibility.”
