Securities and Exchange Board of India (SEBI)
SEBI has introduced the digital platform MITRA (Mutual Fund Investment Tracing and Retrieval Assistant). MITRA helps investors track and reclaim inactive or unclaimed mutual fund folios. It addresses issues like lost investments due to outdated contact details or unawareness. Investors can identify overlooked investments and update KYC details. It is developed by Registrar and Transfer Agents (RTAs), it provides a searchable database at the industry level. SEBI has revised the Unit Holder Protection Committee (UHPC) mandate to review inactive folios, unclaimed dividends, and redemptions.
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