Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The market regulator observed that investors in mutual funds
occasionally lose track of their holdings over time.
The Securities and Exchange Board of India (SEBI) on Tuesday 17 Dec proposed
developing a service platform for investors to trace inactive and unclaimed
mutual fund (MF) folios, PTI reported
The Registrar and Transfer Agents (RTAs) would create the suggested
service platform, Mutual Fund Investment Tracing and Retrieval Assistant
(MITR), according to a consultation document released by Sebi. The suggested site will update KYC
according to current standards, encourage investors to look for forgotten
mutual fund assets, and provide measures to lower the danger of fraudulent
redemptions. It would also result in fewer mutual fund folios going
unclaimed and help create a transparent financial environment.
Given that investments may have been made in physical form with
minimal KYC information, the regulator observed that investors in mutual funds
occasionally lose track of their holdings over time.
