Inactive folio tracing platform enables investors to locate and claim dormant mutual fund holdings and update KYC. Creates MITRA, a searchable industry-level platform to help investors trace inactive mutual fund folios-defined as folios with unit balance and no investor-initiated transactions in the last ten years-hosted jointly by the two Qualified RTAs as agents of AMCs; QRTAs are jointly and severally responsible for cybersecurity, system audits and BCP/DR compliance, must operationalise the platform within fifteen working days with a two-month beta, and AMCs' Unit Holder Protection Committees must review inactive folios to reduce unclaimed amounts.
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Inactive folio tracing platform enables investors to locate and claim dormant mutual fund holdings and update KYC.
Creates MITRA, a searchable industry-level platform to help investors trace inactive mutual fund folios-defined as folios with unit balance and no investor-initiated transactions in the last ten years-hosted jointly by the two Qualified RTAs as agents of AMCs; QRTAs are jointly and severally responsible for cybersecurity, system audits and BCP/DR compliance, must operationalise the platform within fifteen working days with a two-month beta, and AMCs' Unit Holder Protection Committees must review inactive folios to reduce unclaimed amounts.
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