Trace inactive and unclaimed Mutual Fund folios (MITRA Link)

Vide circular SEBI/HO/IMD/IMD-SEC-3/P/CIR/2025/15 dated February 12, 2024, SEBI announced the launch of MITRA platform, which is designed to help investors to trace their inactive and unclaimed mutual fund folios. Extract of the circular is as below:

"Mutual Fund investors sometimes lose track of their investments considering investments might have been made in physical form with bare minimum KYC details. The investments in open-ended growth option mutual fund schemes may remain invested perpetually until and unless investor/his nominee/legal heir approaches the concerned AMC for redemption/transfer/transmission. Due to non-availability of PAN, email ID or valid address it is also possible that these MF folios may not appear in the unitholder's Consolidated Account Statement. Thus, inactivity in Mutual Fund folios could be on account of the investor losing track of his/her investment, demise etc. Such inactive folios may become susceptible to fraudulent redemptions."

An "inactive folio" is defined as one where no transactions (financial or non-financial) have occurred in the last 10 years, but there is still a unit balance. These folios may represent forgotten investments that could potentially be reclaimed by the rightful investor.

In order to address the aforesaid concerns, the MITRA platform is developed and will be jointly hosted by CAMS and KFIN Technologies to provide investors with a searchable database of inactive and unclaimed Mutual Fund folios at an industry-level. The MITRA platform will empower investors to identify overlooked investments, encourage compliant KYC, reduce unclaimed folios, build a transparent ecosystem, and incorporate mitigants against fraud risk.

Investors can click on the link below to trace inactive and unclaimed Mutual Fund folios if any.

Trace inactive and unclaimed Mutual Fund folios

Please click the below links for the aforesaid SEBI Circular and the FAQs on the MITRA Platform:

SEBI circular - MITRA · FAQ on MITRA · SOP & FAQ Grievance Redressal (Hindi) · SOP & FAQ Grievance Redressal (English)