Paytm Money and JioBlackRock launch AI-driven equity fund; start with Rs 500 SIP
Paytm Money and JioBlackRock have cpoome together to launch India's first Systematic Active Equity (SAE) fund, the JioBlackRock Flexi Cap Fund. The fund can be subscribed exclusively through the Paytm Money app. The particular fund offers retail investors a minimum investment of ₹500 via SIP or lump sum.
New Delhi: Paytm Money and JioBlackRock have joined hands to launch India’s first Systematic Active Equity (SAE) fund. The JioBlackRock Flexi Cap Fund, aimed at retail investors, will be available exclusively on the Paytm Money app.
A Reuters report in July had stated that Jio BlackRock Asset Management, a joint venture between billionaire Mukesh Ambani's Jio Financial Services, had planned to introduce nearly a dozen equity and debt funds in India by 2025-end.
JioBlackRock Flexi Cap Fund: A Revolutionary SAE Approach
The investors will be able to start investing in the fund with a minimum amount of Rs 500 through SIP or lump sum investments. The fund will diversify the money across large, mid, and small-cap companies. The indicative total expense ratio stands at 0.50 per cent and no exit load. Paytm Money will offer the fund with zero commission through its digital platform.
The JioBlackRock Flexi Cap Fund will use a systematic approach and is the first equity scheme in India to adopt BlackRock’s SAE model. The fund will use artificial intelligence, machine learning, and other sources including consumer transactions and search activity. It has the potential to analyse data of around 1,000 Indian companies.
JioBlackRock Flexi Cap Fund and its Unique Features
"Systematic investing removes the bias that fund managers typically bring as human beings. It follows a disciplined approach that uses data and information to build a portfolio that has potential to compound value over time. Does this mean that the fund just runs on autopilot? Absolutely not. Our Fund Managers constantly monitor portfolio risk and exposures, check that the systematic output is in line with market trends and sentiments and aims to remove any human biases,” as mentioned in jioblackrockamc.com.
The SAE approach combines quantitative analysis with traditional fund management expertise, bringing institutional-level investment strategies to individual investors. The JioBlackRock Flexi Cap Fund provides exposure across market capitalizations within a disciplined investment framework.
The launch will strengthen Paytm Money’s position in India’s wealth management sector.
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