The Securities and Exchange Board of India (SEBI) has launched a new digital initiative called the Mutual Fund Investment Tracing and Retrieval Assistant (MITRA). This tool is designed to help individuals locate unclaimed or forgotten mutual fund investments. By simply entering their PAN (Permanent Account Number) or PEKRN (PAN Exempt KYC Reference Number), investors can identify any dormant folios that exist under their name.
MITRA is a free and easy-to-use facility, aiming to bring transparency and accessibility to retail investors across the country.
Over the years, it has become common for investors to lose track of their mutual fund holdings, especially when investments are made long ago or by family members who have since passed away. In many cases, these investments remain unclaimed or inactive due to outdated contact details or forgotten folio numbers.
MITRA addresses this issue by acting as a centralised tool for tracing lost mutual fund investments, thereby supporting rightful claims and reducing unclaimed assets in the financial system.
Read More: SEBI Introduces MITRA Platform to Help Investors Trace Inactive and Unclaimed Mutual Fund Folios.
Investors can access MITRA by visiting the Association of Mutual Funds in India (AMFI) website at www.amfiindia.com. The MITRA portal can be found under the ‘Online Centre’ section.
A mutual fund folio is deemed inactive if there has been no investor-initiated transaction for 10 years, even though units remain in the account.
This typically occurs due to:
Distributors and advisors can play an essential role in:
By actively engaging with clients on this front, distributors not only enhance client satisfaction but also reinforce the trust and value they bring to long-term investment planning.
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SEBI’s MITRA portal is a step towards financial empowerment and investor protection. It bridges a crucial gap in the mutual fund industry by making it easier for investors to reclaim what’s rightfully theirs. For financial intermediaries and investors alike, MITRA is a timely tool that simplifies an otherwise complex and often overlooked process.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
Published on: May 5, 2025, 2:38 PM IST
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