India's SEBI proposes MITR platform to trace and recover unclaimed mutual fund investments.

Securities and Exchange Board of India (SEBI) proposes a platform called MITR to help trace inactive and unclaimed mutual fund investments. The platform will be hosted by CAMS and KFin Technologies and aims to update KYC information, recover forgotten assets, and prevent fraudulent redemptions. The draft proposal invites public comments until January 7, 2025.

3 months ago
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