The Securities and Exchange Board of India (SEBI) has launched Saarthi 2.0, a revamped version of the erstwhile Saarthi app to increase awareness about the stock markets and financial regulations among "young investors".
The Saarthi 2.0 is a "user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts", SEBI said in a release issued last week.
The application serves as an "unbiased, objective and trusted" source of investment awareness, the market regulator said. It is "vital for young investors, who are at the beginning of their financial journey", SEBI added.
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Key features of Saarthi 2.0
The app has an array of key features that are aimed at demystifying concepts related to personal finance.
- Financial calculators: Users can access a range of financial calculators that allow them to make investment calculations, and assess their fiscal health.
- Educational modules: Saarthi 2.0 has modules that introduce and explain KYC procedures, mutual funds, ETFs, buying and selling shares on stock exchanges, investor grievances redressal mechanism, and other key concepts.
- Financial planning: The app features a range of videos designed to assist investors in their personal finance planning.
'Empowers investors'
The number of retail investors in India has boomed in the post-Covid period. It surged to 16.1 crore in February 2024, as per the data shared by the BSE.
According to SEBI Whole Time Member Ananth Narayan G, Saarthi 2.0 app is significant as it "empowers investors" with reliable and essential insights into the securities market.
"In today’s era, where social media sometimes provides biased or misleading information, there is a significant need for an unbiased, objective, and trusted source of investment information," he said, adding that Saarthi 2.0 serves this purpose.
“The content within the app is dynamic, allowing us to keep pace with the rapidly evolving market conditions. We actively seek public suggestions to further refine and enhance the Saarthi app, ensuring it continues to serve our investors," the SEBI official added.
The app is now available for download on Google Play Store for Android users, and the iOS App Store for Apple users.
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