Paytm Money Partners JioBlackRock To Float AI-Led Active Equity Fund

Fintech giant Paytm’s wealth tech arm Paytm Money has joined hands with Reliance-backed JioBlackRock to launch a new AI-powered systematic active equity (SAE) fund for retail investors.

In a statement, the fintech major said that Paytm Money will exclusively offer subscriptions to the JioBlackRock Flexi Cap Fund. The new fund offer will open on September 23 and close on October 7.

Investors can begin with a minimum investment of just INR 500 through systematic investment plan (SIP) or lump sum, said Paytm in a statement.

“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 INR 500, enabling every Indian investor to access strategies that were earlier available only to global institutions,” added a Paytm spokesperson.

Chiming in, 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”.

Developed by US-based asset management company BlackRock, the SAE approach combines AI and machine learning to analyse large and complex data sets to generate investment insights across nearly 1,000 Indian companies. The aforementioned JioBlackRock flexi cap fund claims to have an indicative total expense ratio of 0.5%.

The partnership is expected to leverage Paytm’s swathes of users, zero-commission model, digital onboarding and JioBlackRock’s technical expertise to woo India’s growing band of retail investors and make a dent in the wealth tech space.

It is pertinent to note that JioBlackRock Asset Management is a joint venture between Reliance-backed Jio Financial Services and BlackRock. The latest NFO is part of the company’s reported bid to introduce nearly a dozen equity and debt funds in India by 2025-end.

The development comes barely a day after brokerage firm Jefferies raised the price target (PT) for Paytm to INR 1,420 on the back of new opportunities for the fintech major in BNPL and wealth management products.

The bullishness also comes as the fintech juggernaut turned profitable in Q1 FY26 and reported a net profit of INR 122.5 Cr against a net loss of INR 840.1 Cr in Q1 FY25. Paytm’s operating revenue rose 28% to INR 1,918 Cr during the quarter under review from INR 1,502 Cr in the year-ago period.

Additionally, easing regulatory challenges, a growing top line and ramped up investments in Paytm Money are also driving an uptick in its stock prices.

Shares of the company have surged more than 33% in the past three months and are up nearly 15% on a year-to-date (YTD) basis.

Paytm closed Tuesday’s (September 23) trading session 1.48% lower at INR 1,179.35 on the BSE.

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