Capital market regulator Sebi on Monday launched a mobile app on personal finance called ‘Saa₹thi 2.0’ for investors. It has several tools to explain complex financial things in a simple way.
Sebi said in a statement, “The updated ‘Saa₹thi’ app explains complex financial things in a very easy way. Along with this, it also has a very user-friendly interface.”
The app includes financial calculators. It has modules that inform and explain the KYC process, mutual funds, ETFs, buying and selling of shares on stock exchanges, investor grievance redressal systems and mechanisms and online dispute resolution (ODR) platform. Additionally, the app is designed to assist investors in their personal finance planning. It also has a series of videos.
Also Read: IMD warns of severe heatwave for next 4 days in THESE states
Young investors will get convenience
Speaking at the launch, Anant Narayan G, Whole Time Member, SEBI said, “In today’s times, social media sometimes provides biased or misleading information. In such a situation, there is a vital need for an unbiased, objective and reliable source of investment information. The Sarathi app serves this purpose by empowering investors with reliable and necessary information in the securities market. It can be especially useful for young investors who are about to start their financial journey.
Available on Android and iOS AppStore
Ananth Narayan added, “The content within the app is dynamic, helping us keep pace with rapidly evolving market conditions. We actively seek public suggestions to further enhance and improve the Saathi app, to ensure it continues to serve our investors.” The ‘Saathi’ app is available for download on Google Play Store and iOS AppStore.
