Current Affairs - Finance - Discussion

SEBI’s MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) platform was introduced to help investors track inactive or unclaimed mutual fund folios. It allows investors to search for overlooked investments, ensuring they are not missed. Additionally, MITRA encourages KYC (Know Your Customer) updates to prevent fraudulent redemptions. Developed by RTAs, MITRA provides a searchable database that aims to assist investors in managing their mutual fund investments more effectively, helping them stay informed about inactive or unclaimed assets.