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SEBI Unveils MITRA Platform to Assist Investors in Tracking Inactive Mutual Fund Folios.

Banking & Finance | Dated: 14 Feb 2025

On February 2025, the Securities and Exchange Board of India (SEBI) launched a new digital platform, Mutual Fund Investment Tracing and Retrieval Assistant (MITRA). The platform aims to assist investors in tracking and reclaiming inactive or unclaimed Mutual Fund (MF) folios.

🎯 Key Highlights:

- This initiative was introduced through a circular issued by SEBI under the powers granted by Section 11(1) of the SEBI Act, 1992, in conjunction with Regulation 77 of SEBI (Mutual Funds) Regulations, 1996. The objective is to safeguard investor interests and enhance the regulation and development of the securities market.

💡 Other Important Facts:

(i) As per SEBI’s circular, the platform will help investors recover investments that may have been forgotten, lost, or left unclaimed due to outdated Know Your Customer (KYC) details or the demise of the original investor.
(ii) The platform will be jointly hosted by two Qualified Registrar and Transfer Agents (QRTAs): Chennai (Tamil Nadu)-based Computer Age Management Services Limited (CAMS) and Hyderabad (Telangana)-based KFin Technologies Limited. These QRTAs will act as agents for Asset Management Companies (AMCs).
(iii) SEBI has mandated SEBI-registered brokers to establish a separate business unit (SBU) for trading in Government Securities (G-secs) through the Negotiated Dealing System Order Matching (NDS-OM).

📚 Test Your Knowledge:

Which regulatory body recently launched the MITRA platform to help investors track and reclaim inactive Mutual Fund (MF) folios?

Correct Answer: SEBI

🚀 Quick Recap:

About SEBI

Chairperson : Madhabi Puri Buch
Headquarter : Mumbai