Axis Mutual Fund, one of India’s leading asset management companies, on Thursday announced its partnership with Grip Invest, one of India’s fixed-income investments platforms. The schemes of Axis Mutual Fund will be available for Investments on the Grip Invest app.
Axis Mutual Fund continues to expand its digital distribution footprint through strategic fintech partnerships that make investing more accessible, simple and convenient for investors. The partnership with Grip Invest is aligned with Axis Mutual Fund’s philosophy of enabling investors to access a wide range of investment solutions through various platforms. Through Grip Invest, investors will be able to access select equity, debt and gold fund offerings from Axis Mutual Fund, helping them build diversified portfolios aligned to their financial goals and risk preferences.
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.”
The app will offer an automated reinvestment facility that enables investors to deploy returns from bond investments into Axis mutual fund schemes. By automating the reinvestment process, the feature seeks to encourage disciplined investing and support investor’s aim for long-term wealth creation through compounding.
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.”