Paytm Unit Joins JioBlackRock to Launch Equity Fund
Paytm Money, the investment arm of fintech company Paytm, is teaming up with JioBlackRock to roll out a new active equity fund. It has been named the JioBlackRock Flexi Cap Fund and will be offered through the Paytm Money app. (This merger of interests between Paytm and JioBlackRock is confirmed by multiple reports.)
What the Fund Does
The Flexi Cap Fund will invest across large-cap, mid-cap, and small-cap stocks, giving portfolio managers flexibility to shift allocations based on market conditions. The fund uses a mix of human judgment and data analytics to make investment selections.
Subscription and Access
Retail investors can subscribe to the fund starting September 23, 2025, with the new fund offer period expected to run until October 7, 2025. The subscription will be open via the Paytm Money platform.
JioBlackRock Backing
JioBlackRock Asset Management is a joint venture between Jio Financial Services and global investment management firm BlackRock. The joint venture had already received regulatory approval earlier in 2025 to begin mutual fund operations in India.
Strategic Implications
This partnership strengthens Paytm’s role in the wealth management space. It also accelerates JioBlackRock’s plan to roll out multiple active and passive funds by year-end, bypassing traditional distribution channels in favor of direct digital distribution.
