PaRRVA in practice: lessons from automating submissions for SEBI advisers

What we learned submitting model portfolios, stock calls and F&O advice to PaRRVA: avoid weekend portfolio submissions, what PaRRVA does and does not need from you, duplicates, naming rules and F&O fields.

Since May 2026 AlphaQuark has been sending advice to PaRRVA automatically for the SEBI-registered advisers who run their business on our platform: model portfolios, single-stock calls, intraday calls, single-leg F&O and multi-leg strategies. Most of what we learned is not in any manual. It came from rejected submissions, PaRRVA status reports and support tickets.

This first edition of the AlphaQuark Brief collects it, so you don't have to learn it the same way. If you need the basics first (what PaRRVA is, who runs it and what you may say about past performance), start with What is PaRRVA?

What PaRRVA actually receives

Every piece of advice you publish goes to PaRRVA as one of five input types, each with its own fields and rules. Research Analysts and Investment Advisers submit to separate input routes.

Portfolio

A model portfolio and each rebalance of it: ISINs with weights that add up to 100%.

Single stock

A delivery call with entry range, target, stop loss and time horizon in days.

Intraday

A same-day call. It looks like a single-stock call, but several field names differ.

Derivative

One option or future.

Strategy

A multi-leg F&O position, sent as one submission with all its legs.

Five input types, one record each
Watch for

Putting advice under the wrong type is a record error, not a formatting slip. A stock call must never show up under Portfolio.

Don't publish a model portfolio on a weekend

An adviser on our platform found that model-portfolio submissions made on a weekend were rejected. The portfolio names used in those submissions could not be used again, so the same portfolios had to be submitted under new names. PaRRVA's documentation doesn't mention this, and we have seen it once, but we now treat it as a rule.

What to do

Create and rebalance model portfolios on trading days only. Pick each portfolio's PaRRVA name once and keep it: it is the identifier your track record hangs on.

Frequently Asked Questions

Can I submit a model portfolio to PaRRVA on a weekend?

An adviser on AlphaQuark had weekend model-portfolio submissions rejected, and the portfolio names used could not be reused afterwards. PaRRVA does not document this, so we recommend creating and rebalancing model portfolios on trading days only.

What business details does PaRRVA need from a Research Analyst?

A connected platform needs your PaRRVA enrolment ID and password and whether you are an RA or an IA. Each submission carries the advice itself, such as ISINs and weights for a portfolio or entry, target and stop loss for a call. Client lists, client numbers, prices and internal plan names are not part of a submission.

Does re-sending advice to PaRRVA update the earlier record?

No. For stock and F&O calls, re-sending the same advice creates a new record, and there is no delete function, so duplicates can only be removed by the PaRRVA team. Model portfolios are the exception: re-submitting under the same portfolio name is treated as a rebalance.

Why does PaRRVA reject an F&O submission with "Contract Does Not Exist"?

PaRRVA expects only the underlying (for example NIFTY or RELIANCE) as the contract name, not the full trading symbol with expiry and strike. The exchange must also be NSE or BSE, not NFO or BFO.