{"id":326755,"date":"2025-02-14T18:21:43","date_gmt":"2025-02-14T12:51:43","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=326755"},"modified":"2025-02-14T18:21:43","modified_gmt":"2025-02-14T12:51:43","slug":"mutual-fund-investment-tracing-and-retrieval-assistant-mitra","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/mutual-fund-investment-tracing-and-retrieval-assistant-mitra\/","title":{"rendered":"Mutual Fund Investment Tracing and Retrieval Assistant (MITRA)"},"content":{"rendered":"<p><b>News:<\/b> Recently,<span style=\"font-weight: 400;\">\u00a0the Securities and Exchange Board of India (SEBI) launched MITRA (Mutual Fund Investment Tracing and Retrieval Assistant).<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">About Mutual Fund Investment Tracing and Retrieval Assistant (MITRA)<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It is a new digital platform designed to help investors trace and reclaim their inactive or unclaimed mutual fund folios.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Aim: This initiative aims to address the growing concern of investors losing track of their mutual fund investments due to outdated contact details, lack of awareness, or forgotten investments over time.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Objective of MITRA: <\/b><span style=\"font-weight: 400;\">The primary goal of <\/span><b>MITRA<\/b><span style=\"font-weight: 400;\"> is to empower investors by providing an industry-level searchable database that allows them to:<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><b>Identify inactive and unclaimed folios<\/b><span style=\"font-weight: 400;\"> associated with their investments.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Trace forgotten or overlooked mutual fund investments<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Verify investments made in their name by others<\/b><span style=\"font-weight: 400;\"> for which they may be the rightful legal claimants.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Encourage investors to update their KYC (Know Your Customer) information<\/b><span style=\"font-weight: 400;\"> as per current norms.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\"><\/li>\n<\/ul>\n<p><b>Key Features of MITRA:<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><b>Industry-Wide Database<\/b><span style=\"font-weight: 400;\">: Consolidates inactive and unclaimed mutual fund folios across different fund houses.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>User-Friendly Search Tool<\/b><span style=\"font-weight: 400;\">: Investors can easily search for their investments by entering details such as PAN or other identification data.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>KYC Updation Support<\/b><span style=\"font-weight: 400;\">: Assists investors in updating their KYC details, thereby ensuring that their folios remain active and secure.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Legal Claims<\/b><span style=\"font-weight: 400;\">: Helps investors and legal heirs identify investments to which they may be rightful claimants.<\/span><\/li>\n<li style=\"font-weight: 400;\"><strong>Reducing Inactive Folios:<\/strong><span style=\"font-weight: 400;\"> Encourages investors to reactivate their folios, reducing the number of unclaimed and inactive accounts in the mutual fund industry.<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>News: Recently,\u00a0the Securities and Exchange Board of India (SEBI) launched MITRA (Mutual Fund Investment Tracing and Retrieval Assistant). About Mutual Fund Investment Tracing and Retrieval Assistant (MITRA) It is a new digital platform designed to help investors trace and reclaim their inactive or unclaimed mutual fund folios.\u00a0 Aim: This initiative aims to address the growing&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/mutual-fund-investment-tracing-and-retrieval-assistant-mitra\/\">Continue reading <span class=\"screen-reader-text\">Mutual Fund Investment Tracing and Retrieval Assistant (MITRA)<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,12039],"tags":[11872,10498],"class_list":["post-326755","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-knolls","tag-9pm-daily-factly","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/326755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=326755"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/326755\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=326755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=326755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=326755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}