SEBI MITRA: Trace Your Inactive and Unclaimed Mutual Funds

Around 7.5 million inactive mutual fund folios are sitting across the Indian fund industry right now, holding units that real investors bought, paid for and then simply forgot about after a change of address, a marriage, a job switch or a death in the family. If even one of those folios is yours, the money is still legally yours, and SEBI has built a free tool to help you find it.

MITRA stands for Mutual Fund Investment Tracing and Retrieval Assistant. SEBI introduced it through a circular dated 12 February 2025 and gave the Registrar and Transfer Agents 15 working days to launch the service. It is operated together by the two Qualified Registrar and Transfer Agents, CAMS and KFin Technologies, and is reached through the MF Central platform.

This article leads with the action, because the whole point of MITRA is to let you search first and read later. Follow these steps.

1. Open the MITRA service, which is hosted on the MF Central platform run by the QRTAs CAMS and KFin Technologies.
2. Enter your PAN, which is the single identifier MITRA uses to search across the industry. Your PAN ties together folios held at both CAMS and KFin serviced fund houses.
3. Verify your identity using your registered name, email address or mobile number. This confirms you are the rightful holder before any folio details are shown.
4. Review the list of folios returned for you. Look closely for old fund names, schemes you do not recognise, or investments made under a maiden name or an earlier address.
5. Note the folio numbers and the servicing fund house for each result you want to act on.
6. Move to completing your KYC and updating your contact details and nomination, so that the folio becomes operable again and you can redeem or continue holding.

A folio that shows up in your MITRA results is not new money being given to you. It is money you already invested that the system had lost touch with because your details went stale.

People mix up two different things. The table below keeps them apart.

In short, MITRA is a tracing tool for folios you forgot you held. It is not a payout scheme for amounts already lying unclaimed with a fund house.

Folios drift into the inactive category for very ordinary reasons. Recognising yours on this list is often the first clue worth a search.

• Old investments made under a maiden name before marriage, never linked back to the current name.
• A change of address, email or mobile number, after which the fund house simply could not reach the investor.
• A one-time lump sum investment made years ago and then completely forgotten.
• Death of the investor where no nominee was registered, leaving the family unaware the folio existed.
• Outdated or incomplete KYC, which quietly froze the folio from further activity.

Tracing the folio is only the first half. To actually use the money, the folio has to be brought back into a working state.

1. Complete your KYC as per current KYC norms, since an old or incomplete KYC is usually the reason the folio went dormant.
2. Update your contact details, so the fund house can reach you for statements, redemptions and any verification.
3. Register or update your nomination, which is now central to SEBI's effort to stop folios from becoming unclaimed in the first place.
4. Once the folio is active, decide whether to redeem the units or continue holding the investment. Both options are open to you.

If you are claiming a folio that belonged to a deceased relative, the fund house will follow its transmission process, which needs proof of death and documents establishing you as the rightful claimant.

A few habits keep your money findable and stop the next generation from hunting for it.

• Keep one updated email and mobile number registered across all your folios.
• Register a nominee on every folio and review it after any major life change.
• Update your KYC whenever your address, name or phone number changes.
• Consolidate your statements through MF Central so you can see all your folios in one place.
• Tell at least one family member where your investments are held.

Yes. MITRA is a SEBI mandated investor service operated by the QRTAs CAMS and KFin Technologies. There is no charge to search for your folios. Be wary of anyone asking for a fee to do this for you.

Your PAN. MITRA uses your PAN to search across the industry, and you then verify with your registered name, email or mobile before any folio details are revealed.

Per the SEBI circular, an inactive folio is one where there has been no investor-initiated transaction, whether financial or non-financial, for the past 10 years, but which still holds a unit balance.

No. MITRA helps you trace and identify folios. To get the money you must reactivate the folio by completing KYC and updating your details, then redeem the units through the fund house.

Unclaimed amounts are sums already matured or redeemed but never collected, held separately by the AMC and earning a specified return. MITRA is for discovering forgotten folios that still hold units, not for releasing those separate unclaimed amounts.

Tracing can surface a folio, but claiming it follows the fund house transmission process, which requires proof of death and documents establishing you as the rightful claimant. Registering a nominee in advance makes this far easier for your own family.

MITRA is reached through the MF Central platform, operated jointly by the two QRTAs, CAMS and KFin Technologies. You can also use AMFI and MF Central more broadly as related lookup resources for your holdings.

If a fund house or RTA fails to act on a valid request, you can escalate the grievance. See our guide on the mutual fund and demat grievance route through SEBI SCORES and SMARTODR, and if a public authority is involved, the AI RTI Drafter can prepare an application under the RTI Act 2005.

• SEBI circular dated 12 February 2025 on a service platform for investors to trace inactive and unclaimed mutual fund folios, MITRA.
• Securities and Exchange Board of India, on the definition of an inactive folio and the launch timeline.
• CAMS and KFin Technologies, the two Qualified Registrar and Transfer Agents operating MITRA through MF Central.

• Mutual fund and demat grievance via SEBI SCORES and SMARTODR
• Demat shares missing or wrongly pledged complaint
• Unclaimed shares recovery guide
• UDGAM: search unclaimed bank deposits
• AI RTI Drafter
• RTI Act 2005 full text
• The RTI Playbook