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.


  • 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.

    01:10:32 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.

    02:01:36 हिंदी

  • 3. Fundamental Analysis

    16 chapters
    Fundamental Analysis (FA) is a holistic approach to study a business. This module will help you understand Equity research, read financial statements, annual reports, calculation of Financial Ratio, Analysis and most importantly evaluate the intrinsic value of a stock to find long-term investing opportunities.

    01:05:34 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

    00:56:44 हिंदी

  • 5. Options Theory for Professional Trading

    25 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.

    01:40:12 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.


  • 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.


  • 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.


  • 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


  • 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.


  • 11. Personal Finance - Mutual Funds

    32 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.


  • 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

    18 chapters
    An integrated financial model of a company breaks down the financials of a company to give you granular insights. A financial model includes assets, reserves, debt schedules, and valuation models. Learn all that and more in this module.

  • 14. Personal Finance - Insurance

    9 chapters
    If you have been working on your financial plan and continuously saving and Investing, it is crucial to be prepared to tackle any unforeseen eventualities. In this module, through these short chapters, we will see what importance Insurance plays in one's life.

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Chapter updates

  • . ऑप्शन स्ट्रैटेजी on February 7, 2020

    Ch 1 – दिशा निर्धारण

    1.1 पॄष्ठभूमि हम ऑप्शन स्ट्रैटजी पर इस मॉड्यूल को शुरू करें, इसके पहले मैं आपक ..

  • . Introduction to Stock Markets on September 22, 2017

    Ch 14 – Supplementary note – Rights, OFS, FPO

    The note discovers the various options available to companies to raise funds before and after getting listed in the secondary markets ..

  • . Currency, Commodity, and Government Securities on July 6, 2016

    Ch 4 – The USD INR Pair (Part 1)

    4.1 – The contract We make an extremely critical assumption at this stage – we will assume you are familiar with how Future and Options contracts work. Technical Analysis plays an important role ..

  • . Personal Finance - Mutual Funds on January 13, 2023

    Ch 32 – Personal finance review (Part 2)

    32.1 – Investments  This is the sexiest part of the personal finance journey and one that most people focus on. The amount of time people waste fussing over XYZ stock or mutual fund always surprise ..

  • . Personal Finance - Mutual Funds on

    Ch 31 – Personal finance review (Part 1)

    Any plan without considering your unique life circumstances will always be incomplete. In this post, I’ll highlight the important aspects that you should take care of when managing your personal fin ..

Recent comments

  • Great Narration Skills. Thanks Karthik for your time and effort. ...

    21 Mar 2023
  • Total market cap considers the total number of outstanding shares. The free-float market cap considers only those shares that are actually available to the general public for trading. Outstanding shares include those held by shareholders and comp ...

    21 Mar 2023
  • 442 Hari Om Mishra on Orientation

    Other tha Sensibull what are other ways to paper trade options .Can zerodha provide a free virtual trading platform for F n O paper trading?It will be very helpful as not everyone wants to pay for Sensibull platform for longer period of practice. ...

    21 Mar 2023
  • 871 Ramesh Shimpi on The Finale

    Very best attempt to explain each and every topic on understanding the basic concept on Financial Analysis. Thank you very much. ...

    21 Mar 2023
  • Will this chapter cover bond and departure topic? ...

    21 Mar 2023

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