Investor Education & Awareness - Systematix Group| Stock Market, E-Broking, Investment Banking, Private Equity, PMS, Institutional Broking, Wealth Management, NRI Services, InvestmentSystematix Group| Stock Market, E-Broking, Investment Banking, Private Equity, PMS, Institutional Broking, Wealth Management, NRI Services, Investment

KYC a One time Exercise

KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

Information about SEBI Investor Website

Information about SEBI Saarthi Mobile App

Incapacitated Investor (Applicable for Depositories and Mutual Funds)

Mutual Fund related – MITRA (Mutual Fund Investment Tracing and Retrieval Assistant)

Investing in mutual funds may help build wealth over time. However, the investors some times lose track of old investments in the hustle of life, especially the ones made years ago in physical form with limited KYC details. Sometimes, people change addresses, phone numbers, or email IDs, making it difficult to stay updated on their holdings. Similarly, family members may not even be aware of investments made by a loved one.

To address this, SEBI has introduced MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) as a step towards financial awareness, security, and transparency. It ensures rightful investors or their legal heirs can reclaim what is theirs. It serves as a centralised platform where investors, nominees, or legal heirs can check if they have any forgotten or unclaimed mutual fund holdings. It ensures that rightful investors or their legal heirs can easily trace and reclaim inactive or unclaimed mutual fund investments.