New Delhi, Dec. 8 -- Investors in India will now have access to independently verified past returns of market intermediaries, with SEBI unveiling Past Risk and Return Verification Agency (PaRRVA) a first-of-its-kind global initiative aimed at bringing credibility and transparency to financial markets.

Launched in partnership with the National Stock Exchange of India and CAREEdge Ratings, PaRRVA introduces a standardized framework to validate historical performance claims made by Investment Advisors (IAs), Research Analysts (RAs), and other registered intermediaries.

SEBI Chairman Tuhin Kanta Pandey noted that PaRRVA directly addresses a growing problem of unverified, exaggerated, or misleading past return claims that influence investor ...