Grip Invest Review 2024: The stock market can be unpredictable and can cause investors to feel anxious about their investments. However, there are alternative options for those who want to invest their money without experiencing such high levels of volatility.
One such option is Grip Invest. In this review, we will provide information about the Grip Invest app, including its pros and cons, competitors, and any complaints that have been made about the platform. By the end of this review, you should have a good understanding of whether Grip Invest is a suitable investment option for you.
Grip Invest Review 2024
What is Grip Invest? | Grip Invest Review 2024
Grip Invest is an investment platform that offers a range of options for those looking to diversify their portfolio. Unlike the stock market, mutual funds, and cryptocurrency, Grip Invest is not connected to the traditional market and offers risk-adjusted returns. Some of the investments available on Grip Invest include leases, inventory, commercial real estate, and start-up equity.
Before making an investment, you will be provided with detailed information about the opportunity, including the commercial terms, expected returns, partner profile, highlights, and any associated risks. Grip Invest’s mission is to “reimagine passive income, wealth creation, and diversification,” and as you read on, you will see how they strive to achieve this goal.
How does Grip work? | Grip Invest Review 2024
Grip offers a simple and safe way to invest in non-market linked opportunities. The platform provides detailed information about the various investment options, including key highlights, underlying assets, and expected returns. The KYC and payment process are easy to complete, and there are multiple payment options available.
I personally invested in fixed income earning instruments through Grip and was able to receive my predetermined returns in my Grip Vault account or directly in my bank account. Since its launch in 2020, Grip has become a popular choice for small ticket investors looking to diversify their portfolio and invest in asset-backed financial instruments, leasing vehicles, commercial real estate, and early-stage start-ups.
Pros and Cons: | Grip Invest Review 2024
Pros:
- Despite having multiple crores invested, the company has yet to have its first default. They carefully select companies and conduct thorough checks to ensure that investors’ money is not wasted.
- They secure their investments by taking 7.5 to 15% of the lease as a security deposit.
- One of the biggest advantages of Grip Invest is that the investments offered are non-market linked, which is unique and provides a new option for investors.
- Each investor’s money is treated separately, giving them control over the flow of their investment.
- Your personal information, such as PAN and Aadhaar, remains safe with Grip Invest, making them a trustworthy company.
- The user interface of the platform is user-friendly and makes it easy to invest, add funds, and browse investment options.
- With Grip Invest, you can earn interest every month instead of just at the end of the term.
- The platform offers the opportunity to invest in reputable companies with a strong track record.
- Grip Invest is a legal and legitimate platform, so investors can feel confident in doing business with them. It is not a fraud and is very genuine.
Cons:
- By investing in non-market-related items, you may be taking on additional risk as these types of investments may not be regulated and you may not have all the information available about what you are investing in.
- There is a risk that the company may fail to make lease payments on time or may not be able to sell the asset to generate the desired value to return your investment, resulting in a loss.
- Investing in start-ups carries a high level of risk, and the returns on these investments depend on the underlying assets, which may be unregulated and therefore not favorable for investment.
- When investing in start-up equity through Grip Invest, you are required to invest a sum of 25 lakhs over a period of 5 years, which may not be attractive to all investors due to the significant amount and length of time involved.
- The advertised investment return of 21% may not be accurate, as you may only earn around 8%.
- Once you invest your money, it is locked in for a period of 24 months and cannot be withdrawn, even in the case of an emergency.
- You are not able to claim tax refunds on the tax on your investments through Grip Invest.
- The fees charged by Grip Invest may eat into a significant portion of your earnings.
- If the company leasing the asset defaults and the asset cannot be recovered or monetized, the investor may lose their money.
- Grip Invest does not provide any guarantees or security for its users.
How does tax calculated in Grip Invest? | Grip Invest Review 2024
During my review of Grip Invest, I initially had some confusion about taxation. To simplify things, it’s important to note that the amount you receive in your account or vault is after tax, and you don’t need to pay any additional tax on it.
The tax is paid by Grip Invest when setting up the LLP for the lease agreement. However, you do need to disclose the income source in your ITR 3 form. Your accountant or chartered accountant will be able to handle this for you. Grip Invest will provide you with the necessary details for the ITR 3 form once the deal is finalized.
Who Should Invest in Grip? | Grip Invest Review 2024
On Grip, the minimum investment for leasing or inventory-based products is Rs. 10,000. Leases have a tenure of 2 to 3 years, while inventory has a tenure of 6 months. Commercial Real Estate offers quarterly returns but requires a minimum investment of Rs. 1,00,000.
It is important for investors to make informed decisions and fully understand the risks and potential returns before investing. Researching the companies and the destination of your investments is crucial when considering non-market linked investment opportunities.
Grip is designed for small-ticket investors, but it also aims to educate investors about new investment options.
Diversification is an important goal for any investor, and having a range of financial instruments to choose from can help create a diversified portfolio. However, carefully selecting each investment in your portfolio can help maximize wealth more effectively.
Grip Invest Review 2023 Conclusion:
GripInvest is a good choice for those looking for alternative investment options and seeking to diversify their portfolio. It is important to consider fees, risks, taxes, and whether this is a suitable option for diversification before investing in GripInvest.in.
The minimum investment amount is low (15k) and the average duration of investment is about 24 months. One of the major benefits is the monthly repayment of investments. Make sure you have all the necessary information about GripInvest.in, including the business model, return rates, pros and cons, and other alternatives.
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