Capital market regulator SEBI has introduced a mobile app ‘Saathi 2.0’ on personal finance for investors. Measures have been taken in this app to explain complex financial concepts in a simple way. The Securities and Exchange Board of India (SEBI) said in a statement, “The updated ‘Saathi’ app has been made easy for the users. In this, a wide range of measures have been taken with the aim of simplifying complex financial concepts.
All this information will be available
The app includes financial ‘calculators’. It offers analysis of KYC processes, mutual funds, ETFs, buying and selling shares in stock markets, investor grievance redressal mechanism and online dispute resolution (ODR) platform. Apart from this, several videos are available on the app to help investors in their personal financial planning. Anant Narayan ji, Whole Time Member of SEBI, said on this occasion, “In today’s time, where social media sometimes gives biased or misleading information, there is a need for an unbiased and reliable source of investment related information.”
An effort to empower investors
He said, “Sathi App empowers investors with reliable and essential information about the securities market. This app can be especially useful for young investors who are at the beginning of their financial planning.” Narayan said, “Such arrangements have been made within the app, which allows us to keep pace with the rapidly evolving market conditions at the content level. We seek public suggestions to further improve the Sathi App.” Sathi App can be downloaded from Google Play Store and iOS App Store.
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