SEBI Introduces MITRA Platform to Help Investors Trace Inactive and Unclaimed Mutual Fund Folios and Update KYC Details
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- By Chetan Kulasri
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- Last Updated on 15 February, 2025
Latest from Taxmann
Circular No. SEBI/HO/IMD/IMD-SEC-3/P/CIR/2025/15, Dated: 12.02.2025
SEBI has launched the MITRA platform, developed by CAMS and KFinTech, to assist investors in identifying inactive and unclaimed Mutual Fund folios. An inactive folio shall be defined as “Mutual Fund Folio(s) where no investor initiated transaction/s (financial and non-financial) have taken place in the last 10 years but unit balance is available”. Thus, Inactive folios include those where investors stayed invested in open-ended schemes but chose not to redeem or lost track.
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