Axis Mutual Fund Partners with Grip Invest to Offer Schemes on Platform
Chennai: Axis Mutual Fund has partnered with Grip Invest to make select mutual fund schemes available for investment through the Grip Invest app.
The partnership is part of Axis Mutual Fund’s efforts to expand its digital distribution through fintech platforms. Investors using Grip Invest will be able to access selected equity, debt and gold fund schemes from Axis Mutual Fund.
The platform will also offer an automated reinvestment facility, allowing investors to deploy returns from bond investments into eligible Axis Mutual Fund schemes. The facility is intended to automate the reinvestment process and support long-term investing through compounding.
Boniface Noronha, Chief Digital Officer, Axis Mutual Fund, said the partnership aims to provide investors with a convenient digital route to mutual fund investments and portfolio diversification.
Nikhil Aggarwal, Founder and Group CEO, Grip Invest, said the integration will allow bond investors to reinvest returns into equity, debt and gold funds from Axis Mutual Fund while retaining the ability to exit and manage their investments.
The partnership expands the range of mutual fund investment options available through the Grip Invest platform.
