New Delhi, March 4 -- For millions of investors who've lost track of old mutual fund investments, India's markets regulator is offering a new mitra-or friend- to help.

The Mutual Fund Investment Tracing and Retrieval Assistant (Mitra), launched by the Securities and Exchange Board of India (Sebi), is designed to track down inactive and unclaimed mutual fund folios, helping investors reclaim money they may have forgotten.

These days, accessing mutual fund investments is as simple as logging into an online portal with a permanent account number (PAN). But before 2006, investors could open mutual fund accounts without one. Many of those older folios have since gone dormant, making it difficult to retrieve holdings.

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