Now Reading: SEBI reports Rs 3,811 crore unclaimed in mutual funds
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SEBI reports Rs 3,811 crore unclaimed in mutual funds
The Securities and Exchange Board of India's (SEBI) Annual Report shows unclaimed mutual fund amounts rose to Rs 3,811 crore at the end of FY26, up from Rs 3,452 crore a year…
The Story in Brief
The Securities and Exchange Board of India's (SEBI) Annual Report shows unclaimed mutual fund amounts rose to Rs 3,811 crore at the end of FY26, up from Rs 3,452 crore a year earlier. Unclaimed dividends jumped 15.7% to Rs 2,689 crore, while unclaimed redemption proceeds fell marginally to Rs 1,122 crore.
Investors can check for unclaimed money on fund house websites, MF Central, or their Consolidated Account Statement. SEBI's MITRA facility helps trace inactive folios where no transaction has occurred in 10 years. Claims are processed within two to five days, and unclaimed amounts generate returns through a separate investment scheme.
The Indian Opinion
The rise in unclaimed mutual fund money is often painted as a sign of regulatory failure or widespread investor apathy. In reality, the Rs 3,811 crore is tiny compared to the industry's total assets, and SEBI already provides tools like MITRA and SCORES to recover it. The bigger question is whether AMCs and RTAs actively alert customers before amounts become unclaimed. A simple reminder to update KYC could prevent much of this pile-up. Will the industry step up or wait for a larger crackdown?
Source: livemint.com
This story was synthesised by AI from the source linked above.
