Paytm Money and JioBlackRock Team Up to Democratize Mutual Fund Investments

Paytm Money, an integral part of One97 Communications Limited's financial services, has announced a strategic partnership with JioBlackRock Asset Management, unveiling five new Index Fund New Fund Offers (NFOs) accessible directly on the Paytm Money app. As a Direct Mutual Fund platform, the service boasts zero commissions, no hidden fees, and zero cost for account setup, reinforcing its commitment to cost-effective investing.

The launch follows the successful introduction of JioBlackRock's initial NFOs, which garnered significant retail investor interest with over 7,000 completed transactions through the Paytm app. Remarkably, 45% of these purchases were systematic investment plans (SIPs). Opened on August 5, 2025, and concluding on August 12, 2025, these NFOs encompass five key mutual fund schemes, offering investors a seamless approach to diversified market participation.

Index funds offer a hassle-free entry into the broader market, eliminating the requirement for selecting individual stocks. Tailored to track benchmark indices, these funds provide market returns with minimal costs and extensive diversification. Paytm Money enhances investment accessibility through Statement of Account (SOA)-based mutual fund access, delivering flexibility and control for investors.

Investors benefit from an efficient onboarding process, comprehensive fund data, and a fully digital investment experience, allowing effortless exploration and transaction completion. The platform aids retail investors in accessing top mutual funds, facilitating disciplined financial growth at low entry points.

With the collaboration between BlackRock and Jio Financial Services, the objective is to offer world-class investment strategies tailored for Indian investors. Using Aladdin, BlackRock's advanced investment management platform, fund managers can make informed decisions driven by robust data analysis, maintaining portfolio precision and transparency.

Commenting on the partnership, a Paytm Money representative expressed enthusiasm about bringing JioBlackRock's latest index fund NFOs to the platform, highlighting the synergy of global investment acumen and cost-efficient strategies. A spokesperson for Jio BlackRock Asset Management expressed satisfaction in expanding access to quality investments, aligning with the mission to grant Indian investors competitive market exposure.

(With inputs from agencies.)