The updated Saarthi app introduces a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts.
Mumbai: The Securities and Exchange Board of India (SEBI) has introduced Saarthi 2.0, an updated version of the original Saarthi app, designed to enhance awareness of the stock markets and financial regulations among young investors. According to a release issued by the SEBI, Saarthi 2.0 features a user-friendly interface and comprehensive tools to simplify complex financial concepts.
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Saarthi App With Updated Features
The updated Saarthi app introduces a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts. It 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.
During the launch, Shri Ananth Narayan G, Whole Time Member, said, “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. The Saarthi 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.” he added.
“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 Saarthi app, ensuring it continues to serve our investors.”
The “Saarthi” app is now available for download on Google Play Store and the iOS App Store.
Ola Electric Gets SEBI’s Nod for Rs 5,500 crore IPO
Bhavish Aggarwal-led Ola Electric has received the go-ahead from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
This move marks the first IPO by an electric vehicle (EV) startup in the country. Ola Electric’s public issue consists of a fresh issue of Rs 5,500 crore and an offer-for-sale (OFS) of 9.51 crore equity shares, according to the draft red herring prospectus. As part of OFS, Aggarwal will offload 4.7 crore equity shares, and the promoter group, Indus Trust, will sell 41.78 lakh shares. In December 2023, the EV startup had filed draft IPO papers with SEBI to raise as much as Rs 5,500 crore, including a pre-IPO placement of Rs 1,100 crore.
(With inputs from agencies)
