In an attempt to bring greater transparency and help investors recover their unclaimed mutual fund investments, markets regulator SEBI has proposed the creation of a Mutual Fund Investment Tracing and Retrieval Assistant (MITR).

The market regulator observed that investors in mutual funds occasionally lose track of their holdings over time.

The paper said, "Over a number of years, Mutual Fund investors may lose track of their investments considering investments might have been made in physical form with bare minimum

The service, called MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), will allow investors to track their overlooked or forgotten MF investments.