How Nyra reaches a number.
No black box. Here's the exact path from a raw factsheet to a Nyra Score you can defend — and the lines we refuse to cross.
Four steps, every time.
Ingest
Every active SEBI-registered PMS & AIF factsheet, disclosure and filing — re-read weekly, not once a year.
Normalize
Returns restated net of fees and tax, to a common benchmark and period — so unlike things become comparable.
Score
Seven weighted pillars collapse into one 0–10 Nyra Score. The weights are fixed and public.
Cite
Every claim links back to the source line. No number reaches you without a citation behind it.
Seven pillars, one score.
The same rubric and the same weights apply to every fund — PMS, AIF or GIFT City. Returns and risk carry the most; size, the least.
“Marcellus CCP scores 9.4— top quartile on returns and tenure, mid on fees.”
The lines Nyra won’t cross.
A method is only as honest as its limits. These are ours, stated plainly.
- Give personalised investment advice — output is structural, not a recommendation
- Hide a fee, a drawdown, or a conflict of interest
- Rank a fund higher because its manager pays us more
- State a number it cannot point to a source for
- It will always show its working — and where the number came from.