PaRRVA

Sebi’s PaRRVA framework: Will it build trust in investment performance claims?

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This framework introduces a mechanism to verify the past performance claims made by investment advisors (IAs), research analysts (RAs), and algo providers (collectively, Regulated Persons). Under the new framework, a registered credit rating agency will be designated as PaRRVA, an independent body responsible for verifying the risk-return metrics of investment advice, strategies, and model portfolios … Read more

Inside Sebi’s plan to verify investment performance claims

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To address the issue, the Securities and Exchange Board of India (Sebi) issued an advertisement code in 2023 that barred regulated players from exhibiting their performance. While the move curbed misleading promotions, it impacted those who had built a credible track record for many years. Sebi, on 4 April, issued a circular formalising the plan … Read more