Sept 23 (Reuters) - Indian fintech firm Paytm's

unit Paytm Money has partnered with Jio BlackRock to

launch a systematic active equity fund for retail investors, it

said on Tuesday.

The partnership will offer subscriptions to the JioBlackRock

Flexi Cap Fund and will be available on the Paytm Money app.

Jio BlackRock Asset Management, a joint venture between

billionaire Mukesh Ambani's Jio Financial Services and

BlackRock ( BLK ), planned to introduce nearly a dozen equity

and debt funds in India by the year-end, Reuters had reported in

early July.

Jio BlackRock intends to bypass the dominant channel of

distributors, offering funds directly to institutional and

retail investors, the sources had told Reuters in early July.