JioBlackRock, the joint venture between Jio Financial Services and BlackRock, has received SEBI approval to launch four passive funds. These include—Nifty Midcap 150 Index Fund, Nifty Next 50 Index Fund, Nifty Smallcap 250 Index Fund, and Nifty 8-13 yr G-Sec Index Fund. Earlier, JioBlackRock Asset Management raised ₹17,800 crore across three cash or debt mutual fund schemes.