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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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