SEBI Launches Saa₹thi 2.0 App to Empower Investors and Enhance Market Integrity

The Securities and Exchange Board of India (Sebi) unveiled Mumbai’s upgraded ‘Saa₹thi 2.0’ mobile application. The main goal of launching this app is to simplify financial concepts for investors. With a revamped user interface, the app offers comprehensive tools, including financial calculators and instructional modules covering KYC procedures, mutual funds, ETFs, and stock exchange transactions. Additionally, it guides addressing investor grievances and utilising the Online Dispute Resolution (ODR) platform. Through a collection of informative videos, the app assists users in personal finance planning.

Ananth Narayan G, Whole Time Member of SEBI, emphasised the significance of Saa₹thi 2.0 in providing unbiased and reliable investment information, especially in an era where social media is inundated with biased or misleading content.

Narayan G said, “The Saa₹thi app empowers investors with reliable and essential insights into the securities market. This tool can be handy for young investors at the beginning of their financial journey,”.

He further added, “The content within the app is dynamic, allowing us to keep pace with rapidly evolving market conditions. We actively seek public suggestions to refine and enhance the Saa₹thi app, ensuring it continues to serve our investors.”

The Saa₹thi app is now available for download on both the Google Play Store and the iOS App Store, offering convenience to users across platforms.

In a parallel development, Sebi introduced a rumour verification framework to enhance transparency and market integrity. Under this framework, the top 100 listed companies by market capitalisation must confirm, deny, or clarify any market rumour reported in mainstream media within 24 hours. This obligation will extend to the top 250 companies starting December 1. The framework addresses rumours of specific material events circulating in the public domain, ensuring timely clarification from companies.

Sebi’s initiative also entails excluding price volatility in determining the average market price for corporate actions, aiming to promote fairness for all investors. This measure aligns with Sebi’s commitment to fostering trust and confidence in the securities market.

These initiatives underscore Sebi’s proactive approach towards investor education, market transparency, and integrity, reflecting its dedication to safeguarding investor interests and promoting a robust regulatory framework.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.