SEBI Launches PaRRVA To Verify Portfolio, Algo Returns; NSE, CARE Roll Out New Framework

Securities and Exchange Board of India has launched PaRRVA — Past Risk and Return Verification Agency — a first-of-its-kind framework to verify claims made by portfolio managers and algo traders. Developed by National Stock Exchange of India and CARE Ratings, PaRRVA will allow investors to assess the accuracy of past performance claims, boosting transparency and trust in the market. The move is part of SEBI’s broader push to institutionalise and formalise key markets, alongside initiatives like electricity futures and plans for coal and natural gas trading platforms.