Index
Show
What is Mitra?
Mitra stands for Mutual Fund Investment Tracing and Retrieval Assistant. It is a service platform designed to help investors locate and recover inactive or unclaimed mutual fund folios. In short, Mitra helps reconnect people with investments they may have forgotten or lost track of.
Why tracing inactive folios matters
- Unclaimed folios may still hold value in the form of units, dividends or redemptions.
- Inactive accounts can complicate tax reporting and portfolio tracking.
- Consolidating scattered folios makes it easier to manage investments and review performance.
- Recovering missing folios prevents potential loss from communication lapses or outdated contact details.
How the Mitra platform helps
Mitra acts as a central tracing tool that simplifies the search for dormant or unclaimed mutual fund holdings. Common benefits include:
- Aggregating folio information across multiple fund houses to identify forgotten holdings.
- Providing a guided process to verify identity and retrieve or transfer folios.
- Reducing paperwork by highlighting the documents needed to claim investments.
- Helping investors update contact and KYC details to prevent future inactivity.
Who should use Mitra?
- Investors who suspect they have older or forgotten mutual fund investments.
- Families looking to trace the mutual fund holdings of deceased relatives.
- Financial advisers and trustees working to consolidate multiple client folios.
- Anyone who wants a cleaner, more manageable investment portfolio.
Quick steps to get started
- Gather basic ID and investment details such as PAN, name, and date of birth.
- Use Mitra’s search or tracing function to scan for inactive or unclaimed folios.
- Follow the verification requests—platforms typically require proof of identity to release details.
- If a folio is identified, proceed with the recovery process: claim, transfer, or consolidate as needed.
Tips to avoid inactive folios in future
- Keep contact and KYC information up to date with your fund houses.
- Maintain a simple register of folio numbers and login credentials.
- Consolidate multiple folios where possible to reduce fragmentation.
- Review your portfolio periodically and act on account communications promptly.
Tracing inactive or unclaimed mutual fund folios can unlock value and simplify financial life. Tools like Mitra make the process easier by centralizing search and recovery—helping investors reclaim what’s rightfully theirs and keep portfolios in good order.