Regulatory Alerts2025-02-12
SEBI Circular on MITRA Platform for Tracing Inactive and Unclaimed Mutual Fund Folios
The Securities and Exchange Board of India (SEBI) has mandated the development of the MITRA platform to help investors locate inactive and unclaimed mutual fund folios. The platform, jointly hosted by Qualified Registrar and Transfer Agents CAMS and KFIN Technologies, defines an inactive folio as one with no investor-initiated transactions for the last ten years while retaining a unit balance. SEBI has revised Unit Holder Protection Committee guidelines to include the review of such folios and directed industry participants to launch the operational platform within 15 working days.
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