# Sebi Proposes MITRA Platform to Trace Inactive Mutual Fund Investments
The Securities and Exchange Board of India (SEBI) has proposed a new platform, MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), to help investors track inactive and unclaimed mutual fund folios. The platform is aimed at preventing fraudulent redemptions of inactive or unclaimed folios and will be developed by the registrar and transfer agents (RTAs).  

The platform will offer a searchable industry-wide database of inactive and unclaimed mutual fund folios, allowing investors to identify overlooked investments or investments made by others for which they may be the rightful legal claimant. It will also encourage investors to update their KYC information to reduce the number of non-KYC-compliant folios.  

SEBI's proposal is aimed at addressing the issue of inactive mutual fund folios, which often occur when investors lose track of their investments or fail to update their contact information. The platform will help reduce the number of unclaimed folios and protect investors from fraudulent redemptions.  

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