Sebi launches Saathi 2.0 mobile app on personal finance for investors

Capital markets regulator Sebi on Monday launched a mobile app 'Saathi 2.0' on personal finance for investors with comprehensive tools aimed at simplifying complex financial concepts.

"The updated 'Saathi' app introduces a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts," Sebi said in a statement.

The app includes financial calculators and has modules that introduce and explain KYC procedures, mutual funds, ETFs, buying and selling shares on stock exchanges, investor grievances redressal mechanism, and the Online Dispute Resolution (ODR) platform.

Additionally, the app features a range of videos designed to assist investors in their personal finance planning.

"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," Ananth Narayan G, Whole Time Member, said during the launch.

"The Saathi app serves this purpose by empowering investors with reliable and essential insights into the securities market. This tool can be especially useful for young investors who are at the beginning of their financial journey.

"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 Saathi app, ensuring it continues to serve our investors," he said.

The 'Saathi' app is available for download on Google Play Store and the iOS AppStore.