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Platform proposed for tracking unclaimed mutual fund folios
Financial Express Hyderabad
|December 18, 2024
THE SECURITIES AND Exchange Board of India (Sebi) on Tuesday proposed a service platform called MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) for investors to trace inactive and unclaimed mutual fund (MF) folios.
The new platform is aimed at preventing the risk of fraudulent redemptions of any inactive or unclaimed folios in cases where the investor has lost track of their investments, especially the ones made in physical form with bare minimum KYC details.
This story is from the December 18, 2024 edition of Financial Express Hyderabad.
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