Sebi mulls service platform for tracking inactive, unclaimed mutual fund folios

SEBI proposed MITRA, a platform developed by RTAs, to help investors find inactive and unclaimed mutual fund folios. It allows investors to search an industry-wide database, update KYC, and reduce unclaimed folios. Inactive folios are those with no investor activity for 10 years but still hold a unit balance.

Sebi overhauls regulatory frame work for investment advisers, research analysts

Markets regulator Sebi has amended norms governing investment advisers (IAs) and research analysts (RAs) to facilitate ease of doing business by providing relaxation in eligibility criteria for registration and simplifying the compliance requirements.