India, Sept. 24 -- Fintech giant Paytm's wealth tech arm Paytm Money has joined hands with Reliance-backed Jio BlackRock to launch a new AI-powered systematic active equity (SAE) fund for retail investors.

In a statement, the fintech major said that Paytm Money will exclusively offer subscriptions to the Jio BlackRock flexi cap fund. The new fund offer will open on September 23 and close on October 7.

Investors can begin with a minimum investment of just INR 500 through systematic investment plan (SIP) or lump sum, said Paytm in a statement.

"We have partnered with Jio BlackRock to bring their flagship flexi cap SAE fund to retail investors in India. The entry point has been lowered to just INR 500, enabling every Indian investor to ac...