SEBI Update – Service platform for investors to trace inactive and unclaimed Mutual Fund folios- MITRA (Mutual Fund Investment Tracing and Retrieval Assistant)

The Securities and Exchange Board of India (SEBI) has introduced a new initiative called MITRA—Mutual Fund Investment Tracing and Retrieval Assistant. MITRA is a service platform designed to provide a searchable database of inactive and unclaimed mutual fund folios across the industry. With this platform, investors can now easily trace investments they may have forgotten about or investments made on their behalf, helping reduce the number of unclaimed investments and bringing more transparency to the financial ecosystem.

The MITRA platform will be hosted jointly by the two Qualified RTAs (QRTAs) viz. Computer Age Management Services Limited (CAMS) and KFIN Technologies Limited as agents of AMCs and available through a link on the website of MF Central, AMCs, AMFI, the two QRTAs and SEBI.

AMCs, QRTAs, RIAs, AMFI and Mutual Fund Distributors are advised to create awareness about this initiative amongst the investors.

The QRTAs shall make the MITRA platform operational within 15 working days of issuance of the circular. Beta version shall be launched for 2 months.

Link – https://www.sebi.gov.in/legal/circulars/feb-2025/service-platform-for-investors-to-trace-inactive-and-unclaimed-mutual-fund-folios-mitra-mutual-fund-investment-tracing-and-retrieval-assistant-_91847.html