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Mitra
Rediscover your inactive and unclaimed Mutual Fund Investments with MITRA

Investing in mutual funds can help build wealth over time. However, it's easy to lose track of old investments in the hustle of life, especially the ones made years ago in physical form with limited KYC details. Sometimes, people change addresses, phone numbers, or email IDs, making it difficult to stay updated on their holdings. Similarly, family members may not even be aware of investments made by a loved one.

To address this, SEBI has introduced MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) as a step towards financial awareness, security, and transparency. It ensures rightful investors or their legal heirs can reclaim what is theirs.

What is MITRA?

MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) is a SEBI-backed initiative developed by Registrar and Transfer Agents (RTAs). It serves as a centralised platform where investors, nominees, or legal heirs can check if they have any forgotten or unclaimed mutual fund holdings.

MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) is a SEBI-backed initiative aimed at enhancing financial awareness, security, and transparency. It ensures that rightful investors or their legal heirs can easily trace and reclaim inactive or unclaimed mutual fund investments.

What Prompted the Launch of MITRA?
  • Over the years, many investors lose track of their mutual fund investments due to minimal KYC details or changes in contact information that aren’t updated in their folios.
  • Family members may also be unaware of investments made by their loved ones, leading to a lack of awareness about these assets.
  • Inactive mutual fund folios can result in unclaimed investments, making them vulnerable to misuse or fraud.
  • Without proper tracking, rightful investors or their heirs might miss out on funds that belong to them.

MITRA aims to simplify the process of tracing these investments, ensuring investors can retrieve what rightfully belongs to them.

It also encourages investors to complete their KYC as per current regulations to reduce the number of non-compliant folios.

What Counts as an Inactive Folio?

A mutual fund folio is considered inactive if no investor-initiated transactions have taken place in the last 10 years, but the units remain invested. This can happen for several reasons:

The investor may have forgotten about the investment.

Contact details such as PAN, email ID, or address may be outdated, preventing statements from reaching them.

The investment may have been made by a family member who is no longer around, and the legal heirs are unaware of it.

Note: There is no consequence if an investor is aware of the holdings and chooses to remain invested. MITRA simply helps those who may have lost track of their investments.

Take the first step by visiting the MITRA portal today to check if you have any forgotten investments waiting to be claimed.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

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