Capitals market regulator SEBI has launched a mobile app Saarthi with an aim to create awareness among investors about the basic concepts of the securities market including mutual funds.
While launching the app, SEBI chairman Ajay Tyagi said, "With the recent surge in individual investors entering the market, and more importantly a large proportion of trading being mobile phone based, this app will be helpful in easily accessing the relevant information."
The app is available in both English and Hindi and contains information on topics such as basics of securities market, KYC process, trading and settlement, mutual funds, recent market developments and investor grievances redressal mechanism.
On mutual funds and ETFs, the app contains information on the types of schemes, ways to invest, use of riskometer and so on.
In future, SEBI plans to continuously improve the app and make it available in regional languages.
