The Securities and Exchange Board of India (SEBI) on February 12, 2025, issued the notification regarding the Service platform for investors to trace inactive and unclaimed Mutual Fund folios-MITRA (Mutual Fund Investment Tracing and Retrieval Assistant).
The following has been stated namely: -
• MITRA platform is developed by RTAs o provide investors with a searchable database of inactive and unclaimed Mutual Fund folios at an industry-level which will empower the investors.
• The inactive folios will include those folios where the investor might have remained invested in an open ended scheme and has either chosen not to redeem or simply might have lost track of the investment.
• The MITRA platform will be hosted jointly by the two Qualified RTAs (QRTAs) as agents of AMCs and available through a link on the website of MF Central, AMCs, AMFI, the two QRTAs and SEBI
• Clause 4.3(c) of the Master circular on Mutual Funds dated June 27, 2024 has been amended to include review of inactive folios.
[Notification No. SEBI/HO/IMD/IMD-SEC-3/P/CIR/2025/15]
