Informative

Sebi launches 'Saarthi 2.0' mobile app for investors: All you need to know

Update / Judgement Date

03 Jun 2024

Source

Business Standard

Author

Team — WCP Legal Desk

Reading Time

1 min read

SEBI & SCRA

Sebi introduced its latest mobile app, 'Saa ₹thi 2.0', to assist investors in managing personal finances. The app offers financial calculators for informed decisions, educational modules on KYC, mutual funds, and stock trading, alongside investor support for grievance redressal.\r

With rising trading scams in India, including 7,000 daily cyber complaints, the app's launch aims to combat misinformation. In 2023, over 100,000 investment scam cases were reported, with Rs 120 crore lost in digital fraud by April 2024. \r

Sebi emphasizes the app's reliability amidst biased information on social media, targeting young investors starting their financial journeys. 'Saa ₹thi' is downloadable on Google Play Store and iOS AppStore.

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Sebi launches 'Saarthi 2.0' mobile app for investors: All you need to know

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