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Lost MF Investments? Sebi's Mitra Can Help Reclaim Them

Mint Bangalore

|

March 05, 2025

The platform will help investors track and recover unclaimed MF units from pre-PAN days

- Anil Poste

For millions of investors who have lost track of old mutual fund investments, India's markets regulator has introduced Mitra, a platform designed to assist them. The Mutual Fund Investment Tracing and Retrieval Assistant (Mitra), launched by the Securities and Exchange Board of India (Sebi), helps track inactive and unclaimed mutual fund folios, making it easier for investors to reclaim forgotten investments.

Today, accessing MF investments is as simple as logging into an online portal with a permanent account number (PAN). But pre-2006, investors could open MF accounts without one. Many of those older folios are since dormant, making it difficult to retrieve them.

Sebi defines an inactive folio as one where no investor-initiated transactions, financial or otherwise, occurred in 10 years, yet existing units are held. With millions of unclaimed accounts, Mitra aims to help investors recover their lost investments.

How Mitra works

To build and operate Mitra, Sebi has enlisted KFin Technologies and CAMS, two of the largest qualified registrar and transfer agents (QRTAs) in India. The platform allows investors to search for old mutual fund folios using multiple identifiers—not just PAN.

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