MITRA: A Platform to Trace Inactive and Unclaimed Mutual Fund Folios

SEBI, vide Circular No. SEBI/HO/IMD/IMD-SEC-3/P/CIR/2025/15 dated February 12, 2025, has introduced MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) to help investors trace inactive and unclaimed Mutual Fund folios.

MITRA is an industry-level platform developed by the RTAs that provides investors with a searchable database of inactive and unclaimed Mutual Fund folios.

The platform enables investors to:

• Identify overlooked Mutual Fund investments or investments for which they may be the rightful legal claimant.
  
• Update KYC as per current norms, reducing non-KYC compliant folios.
  
• Help reduce inactive and unclaimed Mutual Fund folios.
  
• Provide a reliable platform to trace inactive and unclaimed Mutual Fund investments.
  
• Build safeguards against fraud risks.
  

Inactive Mutual Fund Folios are folios where no investor-initiated financial or non-financial transaction has taken place in the last 10 years, while unit balance is available. Investors can access the MITRA platform here.