SaathI Mobile App SaathI Mobile App

SaathI Mobile App

recently Securities and Exchange Board of India (SEBI) has launched Saarathi, a mobile app to educate investors.

key points

  • SEBI Established: 12 April 1992
  • SEBI Headquarters: Mumbai
  • SEBI Chairman: Ajay Tyagi
  • introduction:
    • Its objective is to create awareness among investors about the basic concepts of securities market.
    • The app will also explain the KYC process, trading and settlement, mutual funds (MFs), recent market developments, investor grievance redressal mechanism, etc.
  • Requirement:
    • Recently there has been an increase in the entry of individual investors into the market, and more importantly, a large proportion of the business is mobile phone based.
    • According to the 'National Stock Exchange' data, the share of individual investors increased to 45% in the year 2021 from 39% in the year 2020.
    • The National Stock Exchange is the largest financial market in India.
  • securities market:
    • Securities are a type of financial instrument, which are issued to raise money.
    • The primary function of securities markets is to enable the flow of capital from those who have excess of it.
    • Securities markets provide channels for allocation of funds for investment and thus separate these two activities.
    • As a result, savers and investors are not constrained by their individual capabilities, but by the economy's ability to invest and save respectively, which inevitably leads to increased savings and investment in the economy.
    • Example: Equity, Debt securities etc.

Securities and Exchange Board of India (SEBI):

  • SEBI on 12th April, 1992 Securities and Exchange Board of India Act, 1992 is a statutory body established under the provisions of
  • Its basic function is to protect the interests of investors in securities and to promote and regulate the securities market.
  • The SEBI Board consists of a Chairman and a few other full-time and part-time members.
  • SEBI also appoints various committees to look into the pressing issues as and when required from time to time.

Daily Current affairs 20th January 2022