Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey. (Photo: PTI) Show Quick Read Summary is AI Generated. Newsroom Reviewed

India has become the first country to have a standard framework for investment performance verification, which will help investors take informed decisions.

Capital markets regulator SEBI Chairman Tuhin Kanta Pandey on Monday launched the pilot project of the platform christened 'Past Risk and Return Verification Agency (PaRRVA)', which has been developed, along with domestic rating agency CareEdge Ratings and the NSE.

Several international jurisdictions recognise the risks of unverified performance claims in securities markets. However, we have taken the lead to establish an independent mechanism to validate these claims,' Pandey said at

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