Free and open stock market and financial education

Varsity is an extensive and in-depth collection of stock market and financial lessons created by Karthik Rangappa at Zerodha. It is free and openly accessible to everyone and is one of the largest financial education resources on the web. No signup, no pay-wall, no ads.

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Impact cost and how it can ruin a trade Play
5 types of share capital Play
How OFS allotment is done Play
Building a mutual fund portfolio Play


Varsity Certified

An online certification program designed to test your market knowledge and give you the confidence to start your career in capital markets.


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Modules

Explore all the open-access Varsity modules that cover the entire spectrum of financial literacy and capital markets; everything from savings and taxation to option strategies and technical analysis.


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Recent comments

  • 144 megha on Risk (Part 3) - Variance & Covariance Matrix

    hi i am confused as to the inutiton behindit, the excess returns part, can you explain why we made that sheet? amd why couldnt we might have done covar(return stock1, return2) why was this incoorect ? ...

    07 Nov 2026
  • 566 Bijay Shaw on Call Ratio Back Spread

    Hi Karthik, thanks for sharing the invaluable knowledge, highly appreciated. Since you wrote this article when NIFTY was around 8000, now it's 25000, The premium as on date for 24800 call for Dec 8, 1 month from now is Rs. 570 and 25200 is R ...

    07 Nov 2026
  • 20 Deepak Nair on How OFS allotment is done

    The clarification that HNIs and institutions act as price discoverers while retail simply becomes the taker of the realized price is the part I wish more people internalized before bidding. One practical habit worth adding is to check the floor price ...

    07 Nov 2026
  • 91 RISHI on Basics

    could you check if this is correct for this year ...

    07 Nov 2026
  • 91 RISHI on Basics

    Indian Income Tax – Updated for FY 2026–27 Let's update your Zerodha Varsity taxation notes using the latest rules applicable as of 7 November 2026. The important thing is that your original chapter covers FY 2024–25. Some of its tax s ...

    07 Nov 2026

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