The app will create awareness among investors about basic concepts of securities market, KYC process, trading and settlement, mutual funds, recent market developments and investor grievance redressal mechanism.
Ajay Tyagi, Chairman, Securities and Exchange Board of India, on Wednesday launched Saasathi, a mobile app on investor education. The app will create awareness among investors about basic concepts of securities market, KYC (Know Your Customer) process, trading and settlement, mutual funds, recent market developments and investor grievance redressal mechanism.
App is available in Hindi and English. The Android and iOS versions of the app can be downloaded from the Play Store and App Store respectively.
Launching the SEBI App, Tyagi said, “This mobile app is yet another initiative of SEBI with a vision to empower investors with knowledge about the securities market. With the recent surge in the entry of individual investors into the market, more Importantly, as a major part of the business is mobile phone based, this app will help in accessing relevant information easily. I am sure that in the times to come this app will be popular among the investors especially the youth.”
At a launch event held in Mumbai today, Tyagi stressed on the need to continuously update the app content and make the app available in regional languages.
SEBI Whole Time Member SK Mohanty, Executive Director and other officials of the regulatory body also attended the function.
Meanwhile, in order to enhance its efforts to protect the interest of investors, promote transparency in markets and increase awareness, trust and confidence among investors, SEBI had published the "Investors' Charter" for securities markets last year.
Since then, separate investor charters have been developed by SEBI in consultation with the concerned entities regarding investor-related activities of various intermediaries. These separate investor charters have been developed for stock exchanges, depositories, SEBI-registered intermediaries and regulated entities including stockbrokers, depository participants, asset management companies, registrars and transfer agents, investment advisors, research analysts, merchant bankers etc.
These charters are expected to help the investors to ease investment in the Indian securities market.
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