StartupTalky

Tag: BlackRock and Jio Finance Jointly Invest

  • Paytm Money Teams Up with Jio BlackRock to Launch AI-Driven Active Equity Fund

    Jio BlackRock and Paytm Money, the wealth tech division of the fintech titan Paytm, have partnered to introduce a new AI-powered systematic active equity (SAE) fund for individual investors.

    The financial giant said in a statement that Paytm Money will only provide Jio BlackRock flexi cap fund subscriptions. On September 23, the new fund offer will go live, and it will end on October 7. According to a release by Paytm, investors can start with a minimum investment of just INR 500 through a lump sum or systematic investment plan (SIP).

    According to a Paytm representative, the company has teamed up with Jio BlackRock to offer its flagship flexi cap SAE fund to Indian retail investors. With the entry barrier reduced to just INR 500, all Indian investors can now access strategies that were previously exclusive to international institutions.

    What is systematic active equity (SAE)?

    The SAE technique was created by BlackRock, a US-based asset management firm, and uses AI and machine learning to examine big, complicated data sets and produce investment insights for almost 1,000 Indian businesses.

    The Jio BlackRock flexi cap fund described before asserts that its indicated total cost ratio is 0.5%. It is anticipated that the cooperation will employ Jio BlackRock’s technical know-how, Paytm’s large user bases, zero-commission strategy, and digital onboarding to attract India’s expanding group of retail investors and establish a foothold in the wealth tech industry.

    BlackRock and Jio Financial Services have partnered to form Jio BlackRock Asset Management. The company’s announced plan to launch about a dozen equity and debt funds in India by the end of 2025 includes the most recent NFO.

    Jefferies Hiking Paytm’s Price Tag

    The news comes just a day after broking company Jefferies increased Paytm’s price target (PT) to INR 1,420, citing fresh prospects for the fintech giant in wealth management and BNPL products.

    The fintech powerhouse earned a profit in Q1 FY26, reporting a net profit of INR 122.5 Cr as opposed to a net loss of INR 840.1 Cr in Q1 FY25. This is another reason for the bullishness. During the reviewed quarter, Paytm’s operating revenue increased by 28% to INR 1,918 Cr from INR 1,502 Cr during the same period last year.

    A rising top line, increased investments in Paytm Money, and lessened regulatory obstacles are all contributing to the company’s stock price increase. The company’s stock has risen over 33% in the last three months and is up almost 15% so far this year.

    Quick
    Shots

    •NFO open from September 23 to October
    7, 2025, with a minimum investment of just INR 500 via lump sum or SIP.

    •SAE strategy uses AI and machine
    learning to analyze complex data for around 1,000 Indian companies, creating
    data-driven investment insights.

    •Fund is a flexi cap SAE fund with an
    indicated total cost ratio of 0.5%, aimed at making institutional-level
    strategies accessible to retail investors.

    •The collaboration leverages Jio
    BlackRock’s tech expertise and Paytm’s large user base and digital onboarding
    to tap India’s growing wealth tech market.

     

  • BlackRock and Jio Finance Jointly Invest INR 117 Cr in Mutual Funds

    Following the revelation that the company and its joint venture partner, US-based BlackRock, have invested INR 117 crore in their mutual fund business, Jio Financial Services (JFSL) will continue to be the focus of attention on January 22. BlackRock and JFSL have each purchased 5.85 crore equity shares in Jio BlackRock Asset Management Private Limited, a 50:50 joint venture between the two companies, at a price of INR 10. According to a regulatory filing, this transaction is worth INR 117 crore in total.

    In order to obtain approval, Jio BlackRock Asset Management Private Ltd applied to SEBI. An initial investment of INR 82.5 crore each was made in this company by JFSL and BlackRock. ‘Jio BlackRock Broking Private Limited’ is a wholly owned subsidiary of Jio BlackRock Investment Advisers Private Ltd, a joint venture company of the company, which was established on January 20, 2025, to conduct broking activities subject to regulatory approvals.

    Performance of Jio Financial Services in Q3

    For the quarter ending December 31, 2024, Jio Financial Services reported a consolidated net profit of INR 295 crore, which was unchanged from the INR 294 crore reported during the same period last year. In the third quarter of FY25, the Mukesh Ambani-backed company reported total sales of INR 438 crore, a 6% increase over the INR 414 crore reported in the same quarter of the previous fiscal year. As of December 31, 2024, the assets under management (AUM) were INR 4,199 crore, up from INR 1,206 crore in the second quarter of FY25.

    Developments at Jio BlackRock Asset Management Company

    The developments occur at a time when JFS has intensified its fintech strategy. George Heber Joseph was named the first chief investment officer of Jio BlackRock Asset Management Company in December of last year. Additionally, rumours circulated earlier this year that BlackRock and JFS were negotiating the creation of a private lending partnership. By utilising technology, Reliance Jio’s extensive client base, and BlackRock’s experience in the financial services industry, JFS intends to upend the nation’s fintech industry by providing services like digital lending, banking, and insurance, among others.

    India’s Fintech Ecosystem Leading the Global Race

    In spite of this downturn, the Indian fintech ecosystem is one of the top three globally financed fintech ecosystems in H1 2024, after the US and the UK. According to Tracxn’s Geo Semi Annual Fintech India Report for H1 2024, the ongoing funding winter and a number of other geopolitical challenges are to blame for the funding fall. Compared to one in H2 2023, two funding rounds totalling more than $100 million were observed during that time. These include the $120 million Series C funding round raised by lending platform Avanse and the $144 million Series D funding round raised by non-banking lender Credit Saison.

    Ola Electric Begins Manufacturing the “Roadster” Electric Bike
    Ola Electric has started manufacturing its new “Roadster” electric bike, aiming to revolutionize the EV market with cutting-edge technology and design.
    StartupTalkyNitin Konde