SEBI's digital platform 'Mitra' introduced, will trace inactive or unclaimed mutual fund investments
SEBI: The platform called Mutual Fund Investment Tracing and Retrieval Assistant (Mitra) aims to encourage investors to trace forgotten mutual fund investments as well as update KYC (Know Your Customer) as per the current norms.
On Wednesday, Market regulator SEBI introduced a new digital platform 'Mitra' to assist investors in tracing and retrieving inactive or unclaimed mutual fund folios.
The Mutual Fund Investment Tracing and Retrieval Assistant (Mitra) platform encourages investors to trace forgotten mutual fund investments and update KYC (Know Your Customer) as per the current norms.