Lost track of your old mutual fund investments? SEBI’s MITRA can help you find and reclaim them in minutes—here’s how to unlock hidden money!
In February 2025, the Securities and Exchange Board of India (SEBI) introduced the Mutual Fund Investment Tracing and Retrieval Assistant (MITRA), a digital platform designed to assist investors in locating and reclaiming inactive or unclaimed mutual fund investments.
What is SEBI’s MITRA?
MITRA is a centralized, searchable database developed by SEBI in collaboration with Registrar and Transfer Agents (RTAs) like CAMS and KFin Technologies. The platform aims to help investors identify and recover mutual fund folios that have become inactive due to various reasons, such as outdated contact information or lack of awareness.
Why Was MITRA Introduced?
Over time, many investors lose track of their mutual fund investments, especially those made before the implementation of mandatory PAN requirements in 2006. These investments often remain unclaimed due to:
- Changes in contact details without proper updates.
- Lack of awareness about investments made in their name.
- Non-compliance with current Know Your Customer (KYC) norms.
MITRA addresses these issues by providing a platform to trace and reclaim such investments.
Key Features of MITRA
- Centralized Database: MITRA consolidates data from various AMCs, providing a single point of access for investors.
- User-Friendly Interface: The platform is designed to be intuitive, allowing users to search using basic details like PAN, name, or folio number.
- Security Measures: MITRA incorporates robust cybersecurity protocols to protect investor information.
- Limited Search Attempts: To prevent misuse, the platform allows up to 25 search attempts per user.
Who Can Use MITRA?
MITRA is intended for:?
- Individual Investors: Looking to trace their own inactive or unclaimed mutual fund investments.
- Legal Heirs/Nominees: Seeking to claim investments of deceased relatives.
- Financial Advisors: Assisting clients in recovering forgotten investments.?
How to Access MITRA
Investors can access MITRA through the following website –
How to Use the MITRA Portal: Step-by-Step Guide
Here’s a detailed walkthrough to help you trace and reclaim your forgotten or inactive mutual fund investments using MITRA:
Step 1: Visit the MITRA Platform
Go to any of the MF Central website:
On the homepage, look for a banner or link titled “MITRA” or “Track Your Old Mutual Fund Investments”. Click on it to open the dedicated MITRA portal.
Step 2: Enter Your Investment Details
You will now be prompted to fill in basic information. You can search by any one or more of the following:
- PAN Number (most accurate method)
- Full Name (as registered in investment)
- Date of Birth
- Mobile number or Email ID (linked to the folio)
- Folio Number (if known)
Even if you don’t remember folio details, just your PAN and name may be enough to trace older records.
Step 3: Complete the Verification
To ensure the privacy and security of your data, you’ll need to verify your identity using OTP-based authentication:
- An OTP will be sent to your registered mobile number and/or email.
- Enter the OTP on the platform to proceed further.
If your contact details are outdated or unlinked, the system will prompt you for alternate verification routes or updating KYC first.
Step 4: View Matched Results
Once verified, the portal will:
- Scan across all AMCs (Asset Management Companies)
- Show a list of any unclaimed, inactive, or forgotten folios linked to your details
- Display the fund house name, folio number, scheme name, and holding value (if any)
If nothing shows up, try using other combinations (like an old mobile number, full legal name, etc.)—you get up to 25 search attempts.
Step 5: Reclaim Your Mutual Fund Investments
If the platform finds matching folios, you can now begin the process to retrieve them:
- Click on the folio or fund you’d like to reclaim
- Follow the on-screen instructions, which may include:
- Completing or updating your KYC details
- Uploading documents (like ID proof, cancelled cheque, etc.)
- If you’re a nominee or legal heir, submitting death certificates or succession documents
Once submitted, the respective AMC or RTA (CAMS or KFin) will process your claim. This may take a few days to weeks depending on document verification.
I tried to explain the same through the image as below.
Importance of KYC Compliance
Ensuring your KYC details are up-to-date is crucial for:
- Facilitating smooth transactions and redemptions.
- Receiving timely updates and statements.
- Preventing fraudulent activities.?
MITRA encourages investors to update their KYC information to align with current norms.
Conclusion
MITRA serves as a valuable tool for investors to reconnect with their forgotten or unclaimed mutual fund investments. By providing a centralized and secure platform, SEBI aims to enhance transparency and investor protection in the mutual fund industry. For more information and to access the MITRA platform, visit SEBI’s official website.
