How to find your unclaimed and forgotten mutual funds

A large number of mutual fund investors - and, more importantly, their legal heirs - often lose track of investments made years ago. Whether it is due to a change in address, lack of nomination or simply oversight, many folios remain unclaimed. According to the Securities and Exchange Board of India (SEBI), over Rs 1,300 crore worth of unclaimed dividends and units lay idle with mutual fund companies as of March 2024. As a result, SEBI has introduced two technology-backed solutions to address this long-standing issue: MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) and a nomination facility through DigiLocker. MITRA: A platform to trace unclaimed folios Unclaimed folios are those in which there has been no transaction (financial or non-financial) for over 10 years. In many cases, investors or their heirs are unaware of such dormant holdings. Developed by KYC Registration Agencies (KRAs) - CAMS and KFin Technologies - MITRA allows investors to che

This article was originally published on April 17, 2025.