New Launch4 May 2026, 01:35 pm
CareEdge Launches PaRRVA for Investment Performance Verification
AI Summary
CARE Ratings Ltd, in collaboration with the National Stock Exchange of India Limited (NSE), has commercially launched Past Risk and Return Verification Agency (PaRRVA), a framework for investment performance verification conceptualized by SEBI. PaRRVA validates risk-return metrics for Investment Advisors, Research Analysts, and Trading Members, ensuring credibility, compliance, and investor trust. The platform computes approximately 50 risk and return metrics from transaction data sourced from stock exchanges and clearing corporations, disseminating the information to investors via the PaRRVA platform. The initiative aims to bring transparency and standardization to performance claims made by financial intermediaries.
Key Highlights
- CARE Ratings and NSE launch PaRRVA, a SEBI-conceptualized framework.
- PaRRVA validates risk-return metrics for financial intermediaries.
- The platform computes around 50 risk and return metrics.
- PaRRVA aims to enhance transparency and standardization in performance claims.
- The platform is live and accessible at www.careparrva.com.