New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    What is the primary function of SEBI’s newly launched

    MITRA platform?
    A Recover inactive and unclaimed mutual fund folios Correct Answer Incorrect Answer
    B Monitor stock market transactions Correct Answer Incorrect Answer
    C Regulate high-frequency trading Correct Answer Incorrect Answer
    D Detect insider trading activities Correct Answer Incorrect Answer
    E Enhance SME investment tracking Correct Answer Incorrect Answer

    Solution

    SEBI launched MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) to help investors track inactive and unclaimed mutual fund folios. A folio is classified inactive if no transactions occur for 10 years. MITRA allows rightful claimants to retrieve lost investments.

    Practice Next

    Relevant for Exams: