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      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.
      A 7 years Correct Answer Incorrect Answer
      B 10 years Correct Answer Incorrect Answer
      C 8 years Correct Answer Incorrect Answer
      D 5 years Correct Answer Incorrect Answer
      E 12 years Correct Answer Incorrect Answer

      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.   

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