Current Context: The Securities and Exchange Board of India (SEBI) launched the MITRA platform on February 12, 2025.
%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(17).png "SEBI Launched MITRA platform to Help Investors Trace Inactive Mutual Fund Folios")
- MITRA, which stands for Mutual Fund Investment Tracing and Retrieval Assistant, is a centralized platform designed to help investors trace and reclaim inactive or unclaimed mutual fund folios.
- The platform aims to ensure KYC compliance, reduce fraud risks, and promote financial transparency.
- By providing a comprehensive database of these folios, investors can easily track and retrieve their investments.
Question:
1. How does SEBI’s MITRA platform contribute to financial security?a) By centralizing a database of inactive/unclaimed mutual fund folios
b) By regulating interest rates on mutual fund investments
c) By mandating a minimum return on all mutual fund schemes
d) By allowing SEBI to directly manage mutual fund investments
Answer: a) MITRA compiles a database of inactive and unclaimed mutual fund folios to help investors reclaim their investments.
