Grip launched its first SDI product in October 2022 and claims that it has successfully enabled over 100 crore in investments
Fintech platform Grip launched its new Securitized Debt Instrument (SDI) offerings, InvoiceX and LoanX, targeting India's alternative investment landscape. With these two new products, the company hopes to enable Rs 750 crore investments in the next 12 months.
Its InvoiceX and LoanX adhere to the stringent regulatory guidelines laid down by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). The exchange-listed alternative investment opportunities offer investors the chance to participate in non-market linked investments through SDIs.
As more investors embrace SDIs, the company anticipates this investment instrument to become even more prevalent in the market.
Nikhil Aggarwal, founder and CEO of Grip stated that SEBI's foresight in creating the SDI regulatory framework in 2008 has proven instrumental in driving innovation and growth in the investment landscape. "In recognition of the growing adoption of the SDI, SEBI has included the SDI as one of the instruments under its OBPP (Online Bond Platform Providers) framework, encouraging asset managers to create more SDI products and enabling registered fintech to facilitate wider distribution," he added.
Grip launched its first SDI product in October 2022 and claims that it has successfully enabled over 100 crore in investments within its first year. In a press statement, the fintech stated this was because of its investor-friendly features, including SEBI compliance, listing on NSE/BSE for transparency and credit rating by reputed agencies for risk assessment.
An independent trustee managed the SDI to eliminate fraud, while an efficient tax structure with returns expected to be taxed at the marginal rate (for individuals).
Additionally, the SDI products allow for the creation of diverse fixed-income offerings with different types of cash flows, catering to a range of risk-reward preferences. It is offered in a minimum investment size of over 1 lakh for private placement and can be offered in even smaller amounts for public issuances.
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