Grip Becomes First OBPP-Licensed Platform to Implement RFQ: Retail Investors can Buy Bonds Directly Through NSE
Grip’s RFQ implementation aligns with SEBI’s goal to boost liquidity in the debt securities market in India. SEBI’s RFQ mechanism effectively addresses challenges, including delayed securities transfers and large initial capital requirements, for debt securities allowing a secure and efficient means to invest in fixed-income instruments for investors.
Grip's RFQ implementation enables investors to purchase bonds and SDIs at lower investment amounts, often 50% lower. The payment process is streamlined as users can directly transfer funds to the exchange via a payment gateway, eliminating the need to add beneficiaries and ensuring security.
Additionally, the time required for securities to reflect in the Demat account has been reduced from two days to just one day, simplifying transaction tracking.
On integrating the RFQ interface,Aashish Jindal, Co-Founder and Chief Product Officer, stated, “From an investing lens, fixed-income investing provides a more predictable and secure income stream than stocks, and often a more attractive risk-reward. However, traditionally the lack of transparency, due to delays in transferring securities and large capital investments, has steered investors away from investing in debt securities. With the RFQ integration, retail investors can now enjoy all the protections and convenience of buying fixed-income instruments like corporate bonds and SDIs on Grip. With this integration, we're empowering our users to take control of their investments with confidence, ensuring that they have the tools and resources they need to achieve their wealth creation goals."
Retail investors can now purchase securities in multiples of just 1 unit, with no large minimum order quantities for SDI.
