Mumbai: Paytm Money has partnered with JioBlackRock Asset Management to provide direct access to New Fund Offers (NFOs) of five of its index funds through the Paytm Money app. As a direct mutual fund platform, Paytm Money offers zero commission on mutual fund investments, no hidden charges and no account opening costs, helping investors maximize long-term returns.
JioBlackRock’s first NFO saw tremendous retail participation, with over 7,000 successful transactions on the Paytm app, of which 45% were through SIPs. Investors can directly invest in these five mutual fund schemes through the Paytm Money app: JioBlackRock Nifty 50 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty 8-13 Yr G-Sec Index Fund.
A Paytm Money spokesperson said, “We are extremely excited to partner with JioBlackRock Asset Management to bring their latest index fund NFO on our platform. These funds are a powerful combination of global investment expertise and cost-efficient passive strategies, suitable for both long-term investors and those just starting their financial journey. With our fully digital and zero commission platform, we are enabling users to invest with transparency, convenience and confidence.”
A JioBlackRock Asset Management spokesperson said, “We are delighted that our index fund NFOs are now available on Paytm Money, which aligns with our goal of expanding access to quality investment solutions across India. These funds offer investors a simple and low-cost way to participate in India’s growth.”
Index funds offer a simplified approach to investing by providing broad market exposure, eliminating the need to select individual securities. These funds are designed to track a benchmark index and aim to provide market returns at minimal cost.
Paytm Money is making investing more accessible by providing statement of account (SAA) based mutual fund access, giving users more control and flexibility over their investments. Paytm Money offers a simple onboarding process, easy access to fund information and a completely digital investment journey, allowing investors to explore, evaluate and invest in NFOs right from their smartphone.
The platform allows retail investors to easily invest in top performing mutual funds, helping them develop disciplined financial habits with a low entry threshold. Backed by the combined expertise of BlackRock, the world’s largest asset manager, and Jio Financial Services, the funds aim to introduce global quality investment strategies to Indian investors.
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