The Securities and Exchange Board of India (Sebi) has launched ‘Saa₹thi 2.0’, an updated version of its mobile app, in Mumbai. This new version offers an easy-to-use interface and a variety of tools to help simplify complex financial concepts.
The app includes financial calculators and modules explaining KYC procedures, mutual funds, ETFs, stock trading, and investor grievance mechanisms. It also features videos to help users with personal finance planning.
Ananth Narayan G, a Whole Time Member of Sebi, stated that the app aims to provide unbiased and reliable investment information, especially useful for young investors. The app’s content will be regularly updated to keep up with changing market conditions, and public suggestions are welcome to improve it further. The Saa₹thi app is available for download on Google Play Store and the iOS App Store.
In another move, Sebi has introduced a rumour verification framework for the top 100 listed companies. These companies must confirm or deny market rumours reported in the mainstream media within 24 hours. This rule will extend to the top 250 companies starting December 1. This new rule aims to ensure fair corporate actions for all investors by excluding price volatility from average market price calculations.
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