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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Varsity on mobile

Explore stock market lessons in bite size modules, quizzes, and tests.
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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

  • 343 Mubarak Ali M on Exchange-traded funds (ETF)

    I got it somewhat.. Because of FIFO method, there is change in holding avg. cost. Last year(2025) there is no such FIFO method of calculation for Gold and Silver ETFs. From this month(January 2026) onwards I'm seeing this change in holding avg. ...

    14 Jan 2026
  • 343 Mubarak Ali M on Exchange-traded funds (ETF)

    Hi, Thanks for your response. The link you shared shows the normal way of calculating average price. This is fine to me. Can you show me the average holding cost for the following scenario. This is for SILVERIETF, On 13-Jan-2026, holding details are ...

    14 Jan 2026
  • 708 Anirban Basak on Hedging with Futures

    Sir, (i) Once we hedge a portfolio bought in the spot market, however, if we come up with reverse situations like the markets go up instead of going down, then won't we incur a loss on expiry if we square off only the future positions and not ...

    14 Jan 2026
  • 1101 Karthik Rangappa on The Finale

    I'm assuming you would not really be interested in ETFs either :) If its just stocks, then the charges you mentioned add up to 12 rupees - https://zerodha.com/brokerage-calculator/#tab-equities, ideally if you buy and hold stocks, your profit t ...

    14 Jan 2026
  • 1352 Karthik Rangappa on Single Candlestick patterns (Part 3)

    It just emphasis more bearishness, and my trade intent would be to short. ...

    14 Jan 2026

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