Paytm Money, JioBlackRock roll out new active equity fund
The fund invests across large, mid, and small-cap companies using data-driven methods, such as AI and ML, alongside traditional fund management.
Paytm Money has partnered with JioBlackRock to launch India’s first fund using BlackRock’s Systematic Active Equity model, expanding access to strategies previously available only to institutional investors.
The JioBlackRock Flexi Cap Fund will open for subscription on the Paytm Money app from September 23 to October 7. Retail investors can start with as little as Rs 500, either through a lump sum or a systematic investment plan.
The fund invests across large, mid, and small-cap companies using data-driven methods, such as artificial intelligence and machine learning, alongside traditional fund management.
BlackRock’s Aladdin risk and investment management platform will also be deployed to help analyse nearly 1,000 Indian companies.
The scheme has an indicative total expense ratio of 0.50% and no exit load. It will be distributed exclusively on Paytm Money’s zero-commission platform, the company said in a statement on Tuesday.
“We have partnered with JioBlackRock to bring their flagship Flexi Cap SAE fund to retail investors in India. The entry point has been lowered to just Rs 500, enabling every Indian investor to access strategies that were earlier available only to global institutions,” a Paytm Money spokesperson said.
A JioBlackRock spokesperson added, “We are pleased to partner with Paytm Money to expand retail access to our Systematic Active Equity capabilities. For a digital-first AMC, having a partner like Paytm Money with a wide distribution reach, we aim to offer a scalable, low-cost equity solution suited to India’s expanding market breadth”.
Paytm Money, a unit of One97 Communications Ltd., has positioned itself as a digital wealth-tech platform offering equities, derivatives, mutual funds, IPOs, pensions, and debt products.
The Securities and Exchange Board of India (SEBI) had granted final regulatory approval for the Jio BlackRock mutual fund venture in May this year.
In addition to mutual funds, Jio and BlackRock are also expanding into wealth management and broking services. In January 2025, they formed Jio BlackRock Broking Pvt Ltd, which will offer share trading and related services, once approved by regulators.
Edited by Suman Singh