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.

Videos
Varsity Certified
An online certification program designed to test your market knowledge and give you the confidence to start your career in capital markets.
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.
Recent comments
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sir muje bi ta banaa he par samaj nahi aa raha kaha se soru karo ...
15 Sep 2025 -
Hi Karthik, Q- I am using 3-6 months data to plot a line, however I am confused as which timeframe to select? daily? weekly or monthly? please let me know. ...
15 Sep 2025 -
Thank you very much for your time and explanation sir. 1. Understood the sequence of return risks, would be bringing down the Eq ratio down. While rebalancing is it always necessary to sell the profit in Eq portfolio and invest it in debt? Or it wou ...
15 Sep 2025 -
In EBITDA we add D&A but it hidden inside the total expenses, just removing the bracket we can see the D&A added and EBITDA value remains same(check yourself) Then , EBIT = EBITDA -D&A We deducted D&A once as ...
15 Sep 2025 -
Hi Karthik sir and team varsity, EBITDA = Revenue – (Total Expenses – Finance Cost – D&A)--- instead of this formula we can change this formula into simple way.. just basic math but I'm also get confused in the first place 😂 ...
15 Sep 2025
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