Question
A mutual fund investment is considered inactive when no investor initiated transaction has taken place in last _______ but unit balance is available in the mutual fund folio.
Solution
An inactive mutual fund folio is where no investor initiated transaction (financial or non-financial) has taken place in last 10 years but unit balance is available in the folio. SEBI initiated a Mutual Fund Investment Tracing and Retrieval Assistant (MITRA), a Service Platform for investors to trace inactive as well as unclaimed mutual fund investments. Â
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