Mumbai1 hour ago
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Paytm Mani has launched India’s first systematic active equity (SAE) fund in Jiobaccrock’s partnership. Investors in Jio’s ‘Jiobaccrock Flexi Cap Fund’ can start investing SIP or Lampsam with minimum Rs 500. This fund is available only on the Paytm Money app.
This is India’s first equity scheme to adopt Blackrock’s Sae model. It uses alternative data sources such as Artificial Intelligence (AI), machine learning, consumer transactions and search activity. In the Investment Process, Blacrock’s Aladdin Risk Management platform analyzes data of about 1,000 Indian companies.
Fund will be found without commission on Paytm
The fund gives the facility of diversified investment in large-and-cover companies, with a total expense ratio 0.50% and has no exit load. Under this partnership, Paytm Money is offering these funds without commission from its digital platform.
Paytm Mani said- this will give Indian investors global access
Spokesperson of Paytm Money said, ‘We have partnered with Jio Blackrock to reach their flagship Flexi Cap Sae Fund Retail investors. Entry points have been up to ₹ 500, so that every Indian investor can get access to global institutional strategy.
Jio Blackrock’s spokesperson said, “With Paytm Money, we are increasing our Sae capabilities to retail investors.” Partner like Paytm Money for Digital-First AMC, which is quite large, will help us offer scalable, low-cost equity solution for India’s growing market size.
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