India’s market regulator, Sebi, is planning a portal, MITRA, to help investors find lost mutual fund investments. Inactive accounts, often due to missing PAN or outdated contact information, will be searchable through a central database managed by CAMS and KFintech. This initiative aims to reduce unclaimed accounts and protect against fraud, improving transparency in the financial system.
Related Posts
Tata AIA launches US dollar denominated life insurance for Non-Resident Indians
Tata AIA Life Insurance has inaugurated an offshore branch at GIFT City, India’s first International Financial Services Centre, aimed at offering US dollar denominated life […]
‘Buy’ calls are slowly vanishing from India’s booming stock market
In India’s $5 trillion equity market, analysts face difficulties recommending stocks, with only 61 out of the NSE Nifty 200 index receiving a consensus ‘buy’ […]