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 openly accessible to everyone and is one of the largest financial education resources on the web.

Karthik Rangappa heads educational initiatives at Zerodha and has more than a decade of research experience in financial markets. He travels widely conducting educational programmes.

Modules

  • 1. Introduction to Stock Markets

    15 chapters
    Investing ensures financial security, and the Stock market plays a pivotal role in this domain, it is a place where people buy/sell shares of publicly listed companies. In this module, you will learn about the fundamentals of the stock market, how to get started, how it functions and the various intermediaries that appertain it.

    हिंदी

  • 2. Technical Analysis

    22 chapters
    Technical Analysis (TA) plays an important role in developing a point of view. Like every other research, TA also has its own attributes. In this module, we will discover all those complex attributes of TA, study various patterns, indicators and theories that will help you as a trader to find upright trading opportunities in the market.

    हिंदी

  • 3. Fundamental Analysis

    16 chapters
    Fundamental Analysis (FA) is a holistic approach to study a business. If you are an investor that is looking for long term investments this module will help you understand Equity research, help you in reading the financial statements, annual reports, calculation of Financial Ratio, Analysis and most importantly help you in evaluating the intrinsic value of a stock to find long-term investing opportunities.

    हिंदी

  • 4. Futures Trading

    13 chapters
    Futures Trading involves trading in contracts in the derivatives markets. This module covers the various intricacies involved in undergoing a futures trade including margins, leverages, pricing, etc

    हिंदी

  • 5. Options Theory for Professional Trading

    24 chapters
    An option is a contract where the price of the options is based on an underlying. Options contracts grant the buyer the right to buy the underlying without a compulsory obligation.

    हिंदी

  • 6. Option Strategies

    14 chapters
    The module covers various options strategies that can be built with a multi-dimensional approach based on Market trend involving Option Greeks, Risk-Return, etc.

    हिंदी

  • 7. Markets and Taxation

    7 chapters
    As a trader in India, you should be informed of all the taxes that are levied on your investments and account. This module overlays the taxation countenance of Investing/Trading in the Markets. It also outlines the various essential topics like calculation of your turnover, how to prepare a balance sheet and the P&L statement, and further about how you can file your Income Tax Returns.

    हिंदी

  • 8. Currency, Commodity, and Government Securities

    19 chapters
    This module covers the Currency,  MCX Commodity contract, and the Government Securities (GSec) traded in the Indian Markets.

    हिंदी

  • 9. Risk Management & Trading Psychology

    16 chapters
    The module covers the risk management aspect along with the psychology required for being consistent and profitable while trading

    हिंदी

  • 10. Trading Systems

    16 chapters
    Have you considered building your own Trading System? Well, then this module is for you. The major components of building a good trading system are input parameters and interpreting output alongside decision-making. In this module, we will learn about all the components and much more including the techniques and different types of Trading Systems.

    हिंदी

  • 11. Personal Finance (Part 1)

    30 chapters
    Personal finance is an essential aspect of your financial life as it helps you achieve your short term and long term financial goals. This module encompasses the various aspects of personal finance such as retirement planning, Mutual funds, ETFs, Bonds, and goal-oriented investments.

    हिंदी

  • 12. Innerworth — Mind over markets

    603 chapters
    A series of articles on the psychology of trading, that will guide you mend your thought and prepare you psychologically to become a novice trader.

  • 13. Integrated Financial Modelling

    6 chapters

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Chapter updates


  • 11. Personal Finance (Part 1) on January 13, 2021

    Ch 27 – Smart-beta funds

    27.1 – Overview Before we get started with this chapter, I need to inform you that this chapter (and the chapter on Index funds) is not authored by me (Karthik). These two chapters are authored ..

  • 11. Personal Finance (Part 1) on February 17, 2021

    Ch 29 – Exchange-traded funds (ETF)

    Please note, this is a guest chapter, and I’ve not authored this. This chapter on ETFs is authored by my colleague, Bhuvan. However, I’ll try and answer all the follow on queries that you& ..

  • 11. Personal Finance (Part 1) on June 18, 2020

    Ch 17 – Arbitrage Funds

    17.1 – Arbitrage We were to move ahead and discuss MF attributes and gradually steer our way to identify techniques of building a mutual fund portfolio. While I was all set to do that, I just rememb ..

  • 11. Personal Finance (Part 1) on June 3, 2020

    Ch 16 – Index Funds

    16.1 Overview In chapter 6 & 7, we discussed the basics of a mutual fund and how a fund works. Just to recap, a mutual fund is a pooled investment vehicle that takes your money, invests and manage ..

  • 11. Personal Finance (Part 1) on May 22, 2020

    Ch 15 – Investing in Bonds

    15.1 – Context I understand we concluded the previous chapter by hinting that we would discuss Index funds next. However, I’m taking a bit of a detour to introduce how one can invest in Bonds dire ..

Recent comments


  • 252 Shubhika on DCF Primer

    Hi, when I calculate The Future value of 3280842rs , stands at 7417929 but in Above Example it is 50lakhs. FV - 3280842*(1+8.50%)^10 If We calculate individually of Every 5lakhs , then value stands correct but if I take full amount , That does ...

    24 Sep 2021
  • 559 Karthik Rangappa on Margin & M2M

    Did you have any open long call options that day? Either way, I'd suggest you call the support desk for this. ...

    24 Sep 2021
  • I want to know, while selling a stock either short term or long term and if the capital gain earned is taxable at tax slabs, so who pays the tax or how tax is deducted. Does Zerodha recovers the tax and pays to govt or individual files the return lat ...

    24 Sep 2021
  • 636 Karthik Rangappa on Greek Interactions

    I'd prefer to get the volatility from reverse-engineering the B&S model. Basically, you feed price and get the vol. Check this - https://zerodha.com/z-connect/queries/stock-and-fo-queries/option-greeks/how-to-use-the-option-calculator ...

    24 Sep 2021
  • 636 Karthik Rangappa on Greek Interactions

    'That mean I can take last One Month closing Price of The nifty Index and can Make volatility Cone ' ---> Yes, but ensure you are taking daily close. By the way, I don't know if I mentioned, earlier, but I'm not the one who did the math for the vo ...

    24 Sep 2021

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