SEBI launched Saarthi Mobile App for Security Markets

Highlights:

• SEBI launched the Saarthi mobile application, which provides information about security markets, which is useful for investors.
• The application explains mutual funds, how they work, trading and settlement, KYC (Know Your Customer) procedures, market developments, and so on.
• The application also includes a mechanism for resolving grievances. Both Hindi and English are used in the application.
• It is compatible with both iOS and Android devices. 
• The app will eventually be available in local languages as well.
• The number of independent investors entering the market has recently increased. 
• The app was created to assist these individual investors.
• In addition, new investors are trading on their smartphones. 
• As a result, mobile apps are assisting them.
• Individual Investors: Individual investors in India are on the rise. 
• In 2020, their share was 39%. 
• According to NSE (National Stock Exchange) data, it will have risen to 45 percent by 2021.
• Banks' interest rates are decreasing. 
• Fixed Deposit interest rates range from 2.9 % to 5.4%.
• As a result, the returns on such investments are extremely low. Global
• liquidity is increasing. People are also spending a lot of time at home as a result of the pandemic.
• The BSE (Bombay Stock Exchange) market capitalization increased by 1.8 times. 
• In Russia, it rose by 1.6 times.
• China, France, and South Africa are the other countries that have seen significant growth. 
• It is obvious that India has a higher market capitalization than other countries.
• Security Markets Security markets are those in which securities are freely traded. 
• Securities are nothing more than assurances.
• When a person fails to pay back the money, the securities are forfeited.
• Securities are tradable financial instruments that raise capital both in public and private markets.