Our Learning Paths
Rigorous, high-density courses built for quick scanning and faster decisions. Filter by strategy and find your edge.
Stock Market Basics
99 courses
Portfolio Management & Asset Allocation for Indian Investors
The flagship course on running a whole portfolio instead of collecting individual stocks and funds. Built for salaried professionals, HNI investors, those nearing retirement and fresh graduates starting their first SIP, it replaces the accidental portfolio most Indian households hold with a written process. You will price your goals in rupees, separate risk capacity from risk appetite, compare the real long-run behaviour of Indian equity, debt, gold, REITs and cash, and choose an allocation framework you can actually stick to. From there you will build a core-satellite equity sleeve, rebalance with STCG, LTCG and costs in view, set drawdown rules in advance, and follow a complete worked portfolio for a 35-year-old salaried investor from first SIP to retirement glide path. It is the companion course to The Capital Gains model portfolios.
- Diagnose an existing portfolio for fund overlap, orphan holdings and hidden concentration
- Convert life goals into inflation-adjusted rupee targets with clear horizons
- Distinguish risk capacity, risk tolerance and required return, and account for EPF, PPF, NPS and physical gold
Advanced Bond Valuation: Credit Spreads and the Yield Curve
An advanced, India-first course on the two things a single yield to maturity hides: the term structure of interest rates and the credit spread. Built for experienced retail investors, active traders, and HNIs who can already price a bond and compute duration, and now want to bootstrap a zero-coupon curve from G-Sec prices, extract forward rates, read curve shapes and curve trades, decompose a corporate bond's spread into default, recovery, liquidity, and tax components, and value any bond cash flow by cash flow off the curve plus a spread. Uses FBIL and CCIL data, NSE and BSE corporate bond quotes, RBI Retail Direct, debt fund factsheets, and real Indian credit events including IL&FS, DHFL, and the 2020 credit risk fund episode, with every calculation worked in INR.
- Bootstrap a zero-coupon spot curve from G-Sec prices and explain why YTM is a blunt average that spot rates sharpen
- Compute implied forward rates and read what the curve is pricing about future RBI repo decisions
- Identify normal, flat, inverted, and humped curves and express a curve view using gilt, constant maturity, and target maturity funds
Advanced Portfolio Construction: Factor Investing and Smart Beta
A practitioner's course on factor investing for experienced Indian investors who already run a portfolio and want a more deliberate way to construct it. Covers what a factor actually is, how value, momentum, quality, low volatility, size, and dividend yield have behaved on the NSE, how to read the methodology of every major Nifty smart beta index and the funds that track them, and how to combine factors into a multi-factor portfolio around a Nifty 50 core. Closes with the operational realities: turnover, transaction costs on Indian brokers, capital gains tax drag, rebalancing discipline, and regression-based monitoring of your own factor exposure. Built on Screener.in screens, NSE index data, and real Indian fund examples throughout.
- Separate market beta, factor exposure, and genuine alpha in any portfolio, including your own
- Build value, momentum, quality, and low volatility screens on Screener.in that match how NSE factor indices are actually constructed
- Read a Nifty smart beta index methodology document and judge whether the fund tracking it is worth owning
Advanced Screener.in: Building Custom Financial Screens
For investors who already know how to run a basic Screener.in query and want to build screens that actually find good businesses. Learn how the query engine really evaluates a screen, which historical and quarterly variables to use, and how to create custom ratios and column sets that answer one clear question. Then build complete strategy screens for quality compounders, value, growth at a reasonable price and turnarounds, plus forensic screens that flag weak cash conversion, promoter pledging and working capital stress. Covers why banks, NBFCs and cyclicals break generic filters, the testing traps that make a screen look smarter than it is, and a repeatable monthly routine for turning a screen into a shortlist. Built on real NSE and BSE listed companies, written for experienced retail investors, mutual fund investors moving into direct equity, and salaried professionals who want a disciplined, time-efficient research process.
Advanced Screener.in: Custom Formulas and Forensic Screens
For investors who already write basic Screener.in queries and want screens that hold up. The first half is about writing formulas properly: handling nulls, zero denominators and negative values, building composite scores in one query, and testing multi-year consistency. The second half turns those skills into forensic screens: cash conversion, accruals, other income dependence, capitalisation creep, receivable and inventory build-ups, the cash-and-debt paradox, Piotroski and Beneish style scoring, and promoter pledge and dilution filters. It closes by testing screens against real Indian collapses such as DHFL, Manpasand and Yes Bank, and by building a quarterly review routine that separates genuine red flags from false positives.
- Write Screener.in queries that handle nulls, zero denominators and negative values without silently dropping companies
- Combine several conditions into a single composite score inside one query
- Screen for poor earnings quality using cumulative cash conversion, accruals and other income dependence
Building Automated Excel Models Linked to Live Market Data
An advanced build course for investors and active traders who already live in Excel and are tired of copy-pasting prices. You will design models in three layers (raw data, calculation engine, output), then feed them from real sources: Excel Stock Data Types and STOCKHISTORY, Power Query pulls of NSE bhavcopy, AMFI NAVs and RBI rates, and real-time broker feeds from Zerodha Kite Connect through Python. On top of that data you will build five working models: a live peer valuation sheet, a reverse DCF that recalculates implied growth as the price moves, a Nifty options chain with Black-Scholes Greeks, a rolling portfolio risk dashboard, and a position sizing calculator. Finally you will automate refreshes, snapshots and alerts with VBA, Office Scripts and Python, and harden the whole thing with audit checks, performance tuning and a maintenance playbook for corporate actions and index changes.
- Design live models in three layers so a broken feed never corrupts your calculations
- Choose between Stock Data Types, Power Query, RTD and broker APIs based on latency, cost and reliability
- Pull NSE bhavcopy, AMFI NAVs and RBI rates with parameterised Power Query that refreshes on a schedule
Building Watchlists and Screens on Screener.in
A hands-on guide to using Screener.in to build watchlists, run pre-built screens, and write your own custom queries to filter Indian-listed companies by the metrics that matter to you.
- Navigate Screener.in and read a company's ratio page correctly
- Build and organize watchlists to track companies you're interested in
- Use Screener.in's pre-built screens to shortlist stocks fast
Building a Concentrated High Conviction Portfolio
A rigorous guide to building and running a concentrated equity portfolio in Indian markets, built for experienced investors who have outgrown a 40-stock spread and want their best ideas to actually matter. Learn why diversification stops adding much beyond 15 to 20 stocks, what the Kelly criterion and its practical half-Kelly version say about position sizing, and the temperament and capital tests that decide whether concentration is right for you at all. Go deep on how conviction is actually built: writing a one-page thesis, identifying your variant perception versus the Nifty consensus, and setting kill criteria before you buy. Then construct the book itself: how many stocks, sizing by conviction tiers, spotting correlation traps where ten NSE stocks behave like three, and staggered versus lump-sum entry. Finish with the discipline that keeps a concentrated portfolio alive: quarterly thesis reviews, rules for trimming and adding, and the real tax and cost drag of churn under Indian LTCG and STCG rules.
- Size positions using conviction tiers and a half-Kelly framework instead of equal weights
- Write a one-page thesis with explicit kill criteria before committing capital
- Spot correlation traps and run a quarterly review process that avoids overtrading
Building a Dividend Income Portfolio
A practical guide to building a portfolio of Indian dividend-paying stocks for steady income, aimed at investors who already understand the basics of equity investing and want a structured approach to income investing. Covers how to read dividend yield and payout ratio correctly, how to screen for quality dividend payers on Screener.in, which NSE and BSE sectors have a genuine track record of consistent payouts, how to diversify and rebalance an income-focused portfolio, and how dividend income is actually taxed in India after the abolition of DDT. Uses real Indian companies and screener workflows throughout.
- Learn dividend investing fundamentals and what drives dividend income
- Screen for quality dividend stocks and build a portfolio
- Understand how dividend income gets taxed in India
Building a Personal Research Dashboard Using Python and Free APIs
A build course for investors and active traders who already write basic Python and are tired of stitching research together from screener.in, NSE, BSE, AMFI and a dozen broker screens. You will design and build one private research dashboard on free data: NSE bhavcopy and delivery data, yfinance prices, AMFI and mfapi.in NAVs, BSE and NSE corporate filings, and RBI macro series. You will store it all in a local DuckDB database, adjust for splits and bonuses, and run data quality checks that catch silent errors. On top of that data you will build valuation bands, relative strength versus the Nifty 50, portfolio XIRR and drawdown, and a transparent watchlist score. Then you will ship it as a Streamlit app with Plotly charts, schedule daily refreshes, send Telegram alerts on filings and price triggers, and keep the whole system running when free sources change. Built for experienced retail investors, active traders and HNI investors who want a research process they own end to end.
- How to decide what a research dashboard should answer before writing a single line of code
- Which free Indian market data sources are reliable, what each one cannot tell you, and how to use them within their terms
- How to build a fetch, store, compute, display architecture that survives source outages and format changes
Building a Portfolio Tracker Using Google Sheets and APIs
A hands-on build course for investors who have outgrown broker dashboards and scattered app screens. You will design and build one Google Sheets tracker that holds your entire portfolio: NSE and BSE stocks priced live with GOOGLEFINANCE, mutual fund NAVs pulled from AMFI and mfapi.in, and FDs, PPF, EPF and SGBs tracked alongside. You will build a clean transaction ledger from your Zerodha tradebook and CAMS or KFintech CAS, compute FIFO cost, realised and unrealised P&L, and XIRR the right way, then benchmark against the Nifty 50 TRI. Finally you will automate it with Google Apps Script: daily snapshots, API calls, alerts, and a dashboard with allocation, STCG and LTCG views and rebalancing flags. Built for experienced retail investors, mutual fund investors and salaried professionals who want a tracker they fully understand and control.
- Design a tracker around a transaction ledger instead of a static holdings list
- Pull live NSE and BSE prices, index levels and history with GOOGLEFINANCE and handle its limits
- Fetch mutual fund NAVs from AMFI and mfapi.in and track FDs, PPF, EPF and SGBs in the same sheet
Case Study: Bajaj Finance, Evaluating a High Growth NBFC
Bajaj Finance grew from a captive two-wheeler financier into one of the largest and most richly valued lenders on the NSE, compounding its loan book at a pace few Indian financial companies have matched. This case study takes the business apart: how an NBFC borrows, lends and earns a spread, how zero-cost EMIs at consumer durable counters built a customer franchise of tens of millions, and how that franchise was turned into a cross-sell machine across personal loans, mortgages, SME and gold loans. Then it reads the numbers the way a lender should be read: AUM growth, cost of funds, NIM, Stage 2 and Stage 3 assets, credit cost, ROA, ROE and leverage. It walks through the shocks the company absorbed, from demonetisation and the IL&FS liquidity crisis to COVID and the 2023 RBI action on its digital lending products, and closes with how to value a lender on price to book and a checklist you can apply to any high-growth NBFC using annual reports and screener.in.
- How an NBFC makes money, and how it differs from a bank in funding, regulation and risk
- How zero-cost EMI financing built Bajaj Finance's customer franchise and cross-sell engine
- How to read AUM growth, cost of funds, NIM and operating expenses for a lender
Case Study: Bhushan Steel, Insolvency and Resolution Under IBC
Bhushan Steel borrowed its way into becoming one of India's largest secondary steel producers, then collapsed under more than 56,000 crore rupees of claims and became one of the twelve accounts RBI ordered banks to drag to the National Company Law Tribunal in 2017. Within a year, Tata Steel had bought it through the Insolvency and Bankruptcy Code, lenders had recovered roughly 63 percent of their admitted claims, and the promoters had been locked out by the new Section 29A. This case study rebuilds the whole arc: the balance sheet red flags that were visible years in advance, the broken recovery system IBC replaced, the CIRP process step by step, the bidding war with JSW Steel, what actually happened to lenders, operational creditors and public shareholders, and the fraud investigation that followed. Built for experienced retail investors, active traders and HNIs who want to read insolvency situations on NSE and BSE with clear eyes instead of chasing them.
- Spot the balance sheet warning signs in Bhushan Steel's annual reports years before default: interest cover, capital work in progress, debt to EBITDA and related party flows
- Explain why SICA, BIFR, DRTs, SARFAESI and CDR failed to resolve bad loans, and what RBI's Asset Quality Review and the dirty dozen list changed
- Walk through the Corporate Insolvency Resolution Process from NCLT admission to plan approval, including the moratorium, the resolution professional and Committee of Creditors voting
Case Study: DHFL, Forensic Red Flags Before the Collapse
A forensic case study of Dewan Housing Finance Corporation, the AAA-rated housing finance company that went from a ₹690 stock and a ₹1 lakh crore loan book in 2018 to default, RBI supersession, and the first financial firm ever resolved under the IBC. Built for experienced retail investors, active traders, and HNIs who want to learn how to see the next DHFL before the rating agencies do. Works through the annual reports, quarterly disclosures, shareholding patterns, auditor reports, bond yields, and mutual fund holdings that were public before the collapse, and shows which red flags were visible, which were hidden, and what each one should have made you do. Covers the asset liability mismatch, developer loans dressed up as retail, shell company lending, related party and circular funding, the fictitious Bandra branch, auditor and rating agency lag, the September 2018 crash, the June 2019 default, and the Piramal resolution. Ends with a reusable NBFC and HFC forensic checklist applied to a live-style example using Screener.in and exchange filings.
Case Study: DMart's IPO and Consistent Compounding Story
Avenue Supermarts (DMart) is one of the few Indian IPOs that lived up to the hype and kept compounding for years after. This case study walks through the business before it listed, how the IPO was priced and why it popped on debut, what actually made the growth sustainable, and what a retail investor can realistically take away from the story without falling for hindsight bias.
- How DMart's supermarket business model actually made money
- How the DMart IPO was priced and why it was oversubscribed
- What a large listing-day pop does and doesn't tell you as an investor
Case Study: Dr Reddy's Labs, Navigating Regulatory Risk in Pharma
Indian pharma stocks can look cheap and steady for years, then lose a fifth of their value on a single regulatory announcement. Dr Reddy's Laboratories is the clearest case study of that risk on NSE. This course starts with how a Hyderabad generic drug maker built a business spanning APIs, US generics and branded emerging markets, and how the USFDA inspection system of Form 483s, warning letters and import alerts works. It then walks through the November 2015 warning letter covering three plants, the share price reaction and the multi-year remediation. From there it widens the lens to patent litigation and at-risk launches, anti-corruption compliance, and the revenue concentration created by a single blockbuster generic. The final chapters turn all of this into a practical investor toolkit: where regulatory signals hide in an annual report, how to value a pharma stock using scenarios instead of a single number, and a checklist you can run on screener.in before buying any Indian pharma company.
- How an Indian generic pharma company earns money across APIs, US generics and branded markets
- What Form 483s, warning letters, import alerts and EIRs mean, and how serious each one is
- How the 2015 warning letter hit Dr Reddy's plants, earnings and share price, and how the recovery played out
Case Study: Future Group's Debt Spiral and Governance Failures
An advanced case study that reconstructs the collapse of Kishore Biyani's Future Group from the investor's chair. You will trace how a retail empire built on Big Bazaar and Pantaloons was financed with escalating debt, promoter pledges and a web of listed group companies, why the Amazon and Reliance transactions of 2019 to 2022 turned into a courtroom war, and how the default, the failed one-time restructuring and the insolvency process wiped out equity holders. Every chapter converts the story into tools: leverage ratios that lease accounting hides, pledge disclosures on NSE and BSE, related party tests, and a governance checklist you can run on any promoter-led company on screener.in today.
- How Future Group grew from one Pantaloons store to over 1,500 outlets and why that growth was financed almost entirely with borrowed money
- How to compute true leverage for a retailer once Ind AS 116 lease liabilities, group guarantees and asset-holding companies are put back on the balance sheet
- How promoter share pledges work, where to find them in NSE and BSE disclosures, and why pledge invocations in 2019 and 2020 marked the point of no return
Case Study: HDFC Bank Bulk Deal Activity Around Key Events
An event-by-event study of how large money moved in and out of HDFC Bank, India's most widely held private bank and one of the heaviest weights in the Nifty 50. Start with SEBI's rules for bulk and block deals and discover why the 0.5% bulk deal threshold almost never triggers for a stock this large, so the real footprints sit in block deal windows, FII and DII flow data and quarterly shareholding patterns. Then walk through the HDFC merger, the January 2024 results sell-off, LIC's approval to go up to 9.99% and MSCI's foreign inclusion factor changes, reading the NSE and BSE disclosures around each one. Finish with a repeatable playbook and checklist for studying large-deal activity around events in any Indian large cap.
- Tell bulk deals, block deals and ordinary large trades apart using SEBI's definitions and disclosure rules
- Explain why mega caps like HDFC Bank rarely appear in bulk deal data and where their large trades show up instead
- Pull and read bulk deal, block deal, FII/DII and shareholding data from NSE, BSE and screener.in
Case Study: HDFC Bank, A Blue Chip Balance Sheet Breakdown
HDFC Bank is the stock every Indian investor is told to own, but few can explain what its balance sheet is actually telling them. This case study takes HDFC Bank as a working example and walks through what makes a stock a genuine blue chip, where to pull real financials from (annual report, screener.in, NSE filings), why a bank's balance sheet reads nothing like a manufacturing company's, and how to judge asset quality, profitability, and efficiency using the bank's own reported numbers. Built for anyone who has HDFC Bank in their portfolio, or is considering it, and wants to move past the brand name to the numbers underneath.
- Why HDFC Bank counts as a blue chip, and what that label actually requires
- Where to pull a bank's real financials from: annual report, screener.in, and NSE filings
- Why a bank's balance sheet reads nothing like a manufacturing company's
Case Study: HDFC Twins Merger, Understanding Deal Structuring
In April 2022, HDFC Ltd announced it would merge into HDFC Bank, the lender it had founded and still part-owned. Fifteen months and a long list of approvals later, the combined entity became one of the heaviest stocks on the Nifty 50. This case study takes the deal apart the way an investor should: why a profitable mortgage lender chose to give up its independence, how the two-step amalgamation and the 42 for 25 share swap were structured, what happened to the cross holding and to HDFC Life, HDFC AMC and HDFC Ergo, and which regulatory costs (CRR, SLR, priority sector lending) came attached. Then it looks at the market's verdict: index weight changes, passive flows, the post-merger credit-deposit ratio problem and the stock's performance. Built for investors who hold either stock in a portfolio or a mutual fund and want a framework to judge any Indian merger with real numbers.
- Why a large, profitable NBFC would choose to merge into a bank, and the regulatory forces behind that choice
- How a two-step amalgamation works and why the subsidiaries were merged first
- How to read and sanity check a share swap ratio like 42 HDFC Bank shares for every 25 HDFC Ltd shares
Case Study: IL&FS Crisis and Its Systemic Ripple Effects
A forensic walkthrough of the Infrastructure Leasing & Financial Services collapse of 2018, the default that turned a single lender's balance sheet problem into a system-wide credit freeze. Built for experienced retail investors, active traders and HNIs, the course dissects how a company owned by LIC, SBI, HDFC and ORIX grew into a web of more than 300 entities, funded long-gestation infrastructure projects with short-term borrowing, and kept a AAA rating until weeks before it defaulted. It then traces the contagion: the commercial paper market seizing up, debt mutual funds marking down holdings, the DHFL sell-off on NSE, and the second-order damage that ran through Reliance Capital and the Franklin Templeton wind-up. It closes with the regulatory response from RBI, SEBI and the government, and practical frameworks for stress-testing NBFC stocks and debt funds in your own portfolio.
- Explain how IL&FS's ownership, group structure and funding model created a hidden asset-liability mismatch
- Read the warning signs in IL&FS's own annual reports and rating rationales that were visible before the 2018 defaults
- Trace how one default spread through the commercial paper market, debt mutual funds and listed NBFC stocks
Case Study: Jet Airways, Reading Warning Signs of Bankruptcy
Jet Airways grounded its fleet in April 2019 and was ordered into liquidation by the Supreme Court in November 2024, leaving shareholders with nothing. This case study traces the airline from its rise under Naresh Goyal through the Air Sahara deal, the Etihad stake, years of negative net worth, deferred results, salary delays and rating downgrades, to the failed lender rescue and the IBC process. It then turns every warning sign into a practical toolkit, including the Altman Z-Score, a Screener.in distress screen and a red-flag checklist you can run on any turnaround story on NSE or BSE.
- Why airline economics make carriers structurally prone to distress
- How to read negative net worth, weak interest coverage and cash burn in an annual report
- What deferred results, salary delays and rating downgrades signal about solvency
Case Study: Nykaa IPO and New Age Company Valuations
Nykaa's 2021 IPO was one of the loudest listings in Indian market history, and one of the hardest for retail investors to value using the rules that work for a bank or an FMCG company. This case study walks through the IPO itself, why traditional valuation metrics broke down for a company built on GMV and take rate instead of steady profit, and what that means for how you read any new-age listing that comes next.
- What Nykaa's business model actually is, and why it listed the way it did
- Why P/E and other traditional ratios don't work for loss-making or thin-margin new-age companies
- How to read GMV, take rate, and unit economics like an investor instead of a headline reader
Case Study: PVR Inox Merger, Consolidation in a Struggling Sector
An India-first case study of the 2022 to 2023 merger of PVR and INOX Leisure into PVR INOX Ltd, the country's largest multiplex operator. Built for experienced retail investors, mutual fund investors, and salaried professionals who want to judge a listed company going through a merger. Covers multiplex unit economics, the COVID shutdown that forced the deal, the all-stock swap ratio, the approval path through SEBI, the exchanges and NCLT, Ind AS 116 lease accounting, promised versus delivered synergies, content-driven revenue swings, screen rationalisation, and the OTT threat. Ends with a reusable checklist for mergers in struggling sectors and a hands-on analysis of the PVR INOX stock on screener.in.
- Break down how a multiplex earns money from tickets, food and beverages, and advertising, and read ATP, SPH and occupancy
- Explain why a near-zero revenue year pushed two rivals with different playbooks into a merger
- Work out what a 3:10 share swap means for a shareholder of each company
Case Study: Paytm's Listing Day Crash and Valuation Lessons
Paytm's November 2021 listing remains the sharpest lesson Indian retail investors have had in what happens when hype outruns valuation. This case study walks through the IPO, the crash, and the year that followed, then uses that real sequence of events to teach you how to evaluate any IPO on its numbers instead of its narrative.
- What actually happened to Paytm's stock on listing day and in the months after, in sequence
- How Paytm was valued going into the IPO, and why that valuation was hard to defend against Indian financial peers
- How to read the risk factors and financials in a red herring prospectus instead of skimming the summary
Case Study: Suzlon Energy, A Cautionary Tale for Retail Investors
Suzlon Energy went from India's most hyped wind energy IPO to a textbook case of shareholder wealth destruction. This course walks through exactly what happened, chapter by chapter: the debt-fuelled global expansion, the promoter pledging, the repeated equity dilution, and the governance signals that were visible all along. You will learn to read the same balance sheet ratios, pledging disclosures and auditor notes that flagged trouble years before the stock collapsed, so you can spot the same pattern in any stock before you invest in it.
- How to read debt-to-equity and interest coverage ratios like a skeptic, not a cheerleader
- What promoter share pledging signals about a company's real financial health
- How repeated FCCB conversions and rights issues dilute retail shareholders over time
Case Study: Tata Motors DVR vs Ordinary Shares
A real Indian case study in owning the same company through two different share classes. Tata Motors traded both ordinary shares and DVR (Differential Voting Rights) shares on the NSE and BSE for over a decade, at a persistent price gap, until a 2023 scheme of arrangement folded DVR shares into ordinary equity for good. This course walks through why DVR shares existed, what investors actually gave up and gained by holding them, why the discount never closed, and what the eventual merger teaches about pricing minority rights in a listed company.
- What Differential Voting Rights (DVR) shares are and why companies issue them
- Why Tata Motors issued DVR shares in 2008 and what holders received in exchange for reduced voting rights
- Why Tata Motors DVR shares traded at a persistent discount to ordinary shares, and why voting rights alone don't explain it
Case Study: The IRCTC IPO and Listing Day Pop
IRCTC's October 2019 IPO listed at more than double its issue price and became the textbook example every Indian retail investor references when they talk about IPO pops. This case study walks through how IPOs actually work, what made IRCTC's specific IPO so oversubscribed, what happened on listing day, and the decisions retail investors had to make in the hours and weeks after. It is built to leave you able to evaluate the next hyped IPO on your own terms instead of on hype.
- How an IPO is priced, subscribed, and allotted in India, from price band to listing
- Why IRCTC's IPO specifically attracted such heavy retail and QIB demand
- What actually happened on IRCTC's listing day, and why the stock moved the way it did
Case Study: Valuing a Real Indian Corporate Bond Using Yield to Maturity
A hands-on case study that takes one real, exchange-listed Indian corporate bond and values it end to end. Built for experienced retail investors, active traders, and HNIs who know what YTM is and now want to apply it to an actual NCD: reading the term sheet, finding the bond on NSE and BSE, building the exact cash flow schedule with SEBI's day count rules, solving for YTM from the market price in Excel, and judging whether the yield is fair against G-Secs, FDs, and debt funds after tax. Every step is worked in INR with a reusable worksheet at the end.
- Read an NCD's shelf prospectus and term sheet and pull out every number that drives valuation
- Locate a listed bond on NSE and BSE by ISIN and judge whether its quote is tradeable
- Build the bond's exact cash flow schedule using record dates and SEBI's actual/actual day count
Case Study: Vodafone Idea, Investing in a Distressed Stock
Vodafone Idea went from a market-leading merger to India's most-watched distressed stock, an AGR bill in the tens of thousands of crores, a government-owned stake, and a share price that retail investors keep buying anyway. This case study walks through what actually happened to Vi and uses it to teach a repeatable framework for evaluating any distressed stock, so you can tell a genuine turnaround candidate from a story that just feels cheap.
- How the Idea Cellular-Vodafone India merger set up Vi's current crisis
- What the AGR dues judgment actually did to Vi's balance sheet
- How to read debt, equity dilution and government stakes as distress signals
Case Study: Yes Bank Crisis, What Retail Investors Should Have Seen
Yes Bank went from a Nifty favourite to a boardroom-ordered moratorium in under four years, wiping out retail shareholders and AT1 bondholders along the way. This case study walks through what the bank actually was, the governance and asset-quality warning signs that were visible years before the collapse, how the RBI-led rescue actually worked, and what any retail investor can apply from this story to their own portfolio decisions today.
- Why Yes Bank was a retail investor favourite before its collapse
- How to read an RBI divergence report and why it matters
- How promoter share pledging signals financial stress
Case Study: Zee Entertainment, Governance Failure and Investor Impact
An intermediate case study that follows Zee Entertainment Enterprises from India's first private Hindi entertainment network to one of the NSE's most closely watched governance failures. You will trace how Essel Group's infrastructure debt was financed against ZEEL shares, why the stock fell sharply in January 2019, how the promoter stake shrank from over 40 percent to low single digits, what the Yes Bank letter of comfort and related party flows revealed, how Invesco's revolt, SEBI's 2023 interim order and Sony's January 2024 exit played out, and what all of it cost shareholders and mutual fund investors. Every chapter ends in a tool you can apply to any promoter-led company using NSE and BSE filings and screener.in.
- How Zee's advertising and subscription model generated cash, and how that cash became exposed to the wider Essel Group
- How promoter share pledges work, where to find them in NSE and BSE disclosures, and why the January 2019 fall followed from them
- How a letter of comfort, related party transactions and independent director resignations signal money leaving a listed company
Case Study: Zomato IPO, Evaluating a Loss Making Business
A worked case study on Zomato's 2021 IPO: why a loss-making company could list at a premium, how to read its financials without a P/E ratio to lean on, how the market valued it, and what happened to the stock afterward. Built for a first-time investor deciding how to evaluate the next new-age IPO that comes along.
- Why Zomato's IPO was controversial and what made it different from a traditional listing
- How IPO mechanics work in India, from DRHP to listing day
- How to read a loss-making company's P&L and unit economics instead of just its bottom line
Circuit Breakers, Price Bands, and Market Safeguards
A beginner-friendly, India-specific guide to the safety mechanisms that stop the stock market, and individual stocks, from free-falling or spiking out of control. Built for first-time demat holders, college students, salaried professionals, homemakers, and retirees who have seen a red 'lower circuit' banner on their Zerodha screen and wondered what it actually means. Covers market-wide circuit breakers on the Nifty and Sensex, stock-specific price bands, real Indian episodes like the March 2020 halt, and SEBI's additional surveillance frameworks (ASM and GSM), with practical guidance on how to check circuit limits on Zerodha and Screener.in and avoid getting stuck on the wrong side of one.
- Understand why markets use circuit breakers and price bands
- Learn how market-wide breakers and stock-specific bands work
- Trade smart around circuit halts and price limits
Contract Notes, Settlement Cycles, and KYC Essentials
A beginner-friendly, India-specific guide to the paperwork and plumbing behind every trade you place. Built for first-time demat holders, college students, salaried professionals, homemakers, and retirees who have opened a Zerodha or Groww account, received a contract note by email, and never quite understood what it says or when their shares and money actually arrive. Covers SEBI's KYC rules and how to keep your record valid, how to read a contract note line by line and check every charge from brokerage to STT and stamp duty, how T+1 settlement moves shares between the exchange, the clearing corporation, and your CDSL or NSDL demat account, and what to do when a delivery is short, a ledger looks wrong, or a broker will not respond.
Equity Basics: Shares, Dividends, Splits, and Corporate Actions
A ground-up, India-specific guide to what actually happens when you buy a share and hold it. Built for college students, first-time demat holders, salaried professionals, homemakers, and retirees who have opened a Zerodha or similar trading account but never had anyone explain what a share really represents, where it physically lives, why a dividend lands in your bank account on some random Tuesday, or why your holding suddenly shows double the shares at half the price overnight. Covers ownership and share types, NSDL and CDSL depositories, reading your demat and contract note, how dividends are declared and taxed, and how stock splits and bonus issues actually work, using real NSE and BSE examples, screener.in data, and SEBI rules throughout.
- What actually happens, legally and financially, when you buy and hold a share
- How dividends, bonus issues, and stock splits affect what you actually hold
- How to read your own demat statement and shareholding pattern like an analyst
Getting Started with Zerodha Kite: Account Setup to First Trade
A practical, no-jargon walkthrough for anyone opening their first demat and trading account with Zerodha. Covers why you need an account, KYC and documents, setting up Kite, navigating the platform, and placing and exiting your first trade, with the common beginner mistakes to avoid along the way.
- Why you need a demat and trading account, and how Zerodha fits in
- How to complete KYC and open a Zerodha account without errors
- How to link your bank account and fund your trading account
Getting Started: Demat, Trading Accounts, and Broker Infrastructure
A practical, ground-up walkthrough of the account infrastructure that sits behind every trade you place: how your demat, trading, and bank accounts actually connect, how to choose and verify a broker, and how account types, KYC, and authorizations work in practice. Built for first-time demat holders, students, salaried professionals, homemakers, and retirees who want more than a surface-level comparison before they open an account.
- How your demat, trading, and bank accounts link together to settle a trade
- What a Depository Participant does, and how CDSL and NSDL actually hold your shares
- The real difference between full-service and discount brokers, beyond the brokerage number
Groww App Walkthrough: Investing in Stocks and Mutual Funds
A practical, screen-by-screen guide to using Groww as your first stockbroker and mutual fund platform. Covers opening and verifying your account, finding your way around the app, placing your first stock trade, and starting your first SIP, so nothing on the platform feels unfamiliar.
- How to open and verify a Groww demat and trading account, including KYC
- How to navigate the Groww app and web dashboard without getting lost
- How to add funds and link your bank account correctly
Investor Psychology and Behavioral Finance Foundations
A beginner-friendly, India-specific guide to the mental traps that quietly cost retail investors money. Built for first-time demat holders, college students, salaried professionals, homemakers, and retirees, this course explains why smart, well-informed people still buy high, sell low, chase WhatsApp tips, and panic during a crash. Covers the core biases behind bad investing decisions, how they show up specifically in the Indian market (IPO frenzy, SIP discipline, Diwali bonus spending, the 2020 Covid crash), and practical, rules-based ways to protect yourself from your own brain.
- Discover why the brain struggles with investing decisions
- Recognize biases and behavioral traps in Indian markets
- Build discipline across life stages to debias decisions
Learning Dividend Investing Through ITC's History
Dividend investing is easiest to understand through a real company's real history, not abstract formulas. This course walks through ITC's decades-long dividend record, from what a dividend actually is, to why ITC's stock price stagnated for years even as its dividends kept growing, to how you can apply the same evaluation checklist to any dividend stock on the NSE or BSE.
- What a dividend is, and how it differs from a capital gain
- How to read a company's dividend history and compute yield and payout ratio
- Why a stock's price can stagnate even while its dividends keep rising
Market Cycles: Bull Markets, Bear Markets, and Corrections
A beginner-friendly, India-specific guide to how stock markets actually move over time: the recurring rhythm of bull runs, corrections, and bear markets. Built for first-time demat holders, college students, salaried professionals, homemakers, and retirees who have watched the Nifty and Sensex swing wildly and want to understand what a bull market, a correction, and a bear market actually mean, how to tell them apart, and what history (2008, 2020, and other real Indian episodes) teaches about staying invested through the cycle instead of panicking at the wrong moment. Uses real NSE and BSE index data, Indian case studies, and practical guidance for a Zerodha-era retail investor throughout.
- Define what a market cycle actually looks like
- Spot the anatomy and traps of bull markets
- Recognize bear markets and corrections as they unfold
Masterclass: Behavioral Edge, How Top Investors Manage Emotion
A masterclass for serious Indian investors who already know the list of biases and now want to beat them in practice. Instead of cataloguing errors, this course studies how top investors actually manage emotion: how they hold conviction through deep drawdowns, trim or ride winners, admit mistakes quickly, and stay still when every screen is flashing red. It draws on Buffett, Munger, Howard Marks, Soros, Druckenmiller, Rakesh Jhunjhunwala, Radhakishan Damani, and Parag Parikh, then converts their habits into a working behavioral operating system: decision journals, pre-mortems, written kill criteria, position sizing as emotional risk control, and a disciplined information diet. Indian crisis case studies from 2008, the 2018 small-cap collapse, March 2020, and the F&O and SME IPO mania stress-test the framework, and the final chapter covers managing family, client, and institutional emotion. Closes with a behavioral audit of your own tradebook.
- Measure the behavior gap between what your investments earned and what you actually earned
- Judge decisions by process quality rather than outcomes, and stop learning the wrong lessons from luck
- Hold, trim, add, or exit a position using pre-written rules instead of in-the-moment emotion
Masterclass: Building a Family Office Style Portfolio
A complete family office playbook for serious independent investors, HNI families and portfolio managers in training. You will learn how single, multi and virtual family offices in India think about capital, write an Investment Policy Statement, map the full family balance sheet, and set allocations using the three-bucket framework. The course covers building a public market core across direct equity, mutual funds, PMS, bonds and global funds under LRS, adding a satellite of AIFs, private credit, unlisted shares, REITs, InvITs and gold, and managing family-level risks such as promoter concentration and liquidity crunches. It closes with holding structures (HUF, private trusts, LLPs), asset location, succession planning, manager due diligence, performance reporting, family governance, and two end-to-end case studies at INR 50 crore and INR 5 crore.
Masterclass: Institutional Grade Risk Management for Individual Investors
A process-first masterclass that brings the risk discipline of fund houses and trading desks to the individual Indian investor. Built for serious independent investors, HNIs, and portfolio managers in training, it covers how institutions define and measure risk, how to write an Investment Policy Statement, set a risk budget, size positions and enforce concentration limits, manage liquidity, leverage, and counterparty risk, stress test a portfolio against real Indian crises like 2008, the 2013 taper tantrum, and the 2020 COVID crash, hedge with Nifty options, gold, and government bonds, and run a written risk governance process with a personal dashboard and breach protocol. Every concept is applied to NSE and BSE portfolios in INR, with real Indian case studies including Karvy and Franklin Templeton.
Masterclass: Reading Between the Lines of Annual Reports Like a Fund Manager
A deep, document-first masterclass on reading an Indian annual report the way a fund manager does. Learn how the report is built under the Companies Act 2013 and SEBI LODR, why professionals read it back to front, and how a 90-minute triage decides whether the other 300 pages deserve your time. Treat the chairman's letter and MD&A as data by scoring five years of promises and diffing the language year on year. Go deep into the notes to accounts: accounting policy changes, Ind AS 115 revenue recognition, recurring one-offs, capital work in progress, Ind AS 116 leases, provisions and contingent liabilities. Decode the auditor's pages, including key audit matters and CARO 2020, then map money flowing through related parties, subsidiaries in Form AOC-1, and loans and guarantees. Read the directors' report, the corporate governance report, remuneration disclosures and the BRSR for what they reveal by accident. Run capital allocation forensics across five years of reports, then finish with a 30-point annual report scorecard, two full case study reads and a template for turning an annual report into an investment memo.
- Triage any Indian annual report in 90 minutes and know exactly which pages, notes and schedules deserve a deep read
- Extract hidden risks from the notes to accounts, auditor's report, CARO remarks and related party disclosures before they show up in the share price
- Compare five years of annual reports to score management promises, capital allocation and governance, and turn the findings into an investment memo
Masterclass: Sector Specialization, Becoming an Expert in One Industry
A masterclass for serious independent investors, HNIs and portfolio managers in training who want to stop being generalists and build real expertise in one Indian industry. Learn how to choose a sector that fits your circle of competence and temperament, then map it properly: the value chain, the profit pools, the unit economics and the handful of KPIs that explain every company in it. Build a 90-day immersion plan using annual reports, DRHPs, concall transcripts and India's official sector data from SIAM, DGCA, TRAI, CEA and the RBI. Go beyond the desk with scuttlebutt through dealers, distributors and customers, while staying firmly on the right side of SEBI's insider trading rules. Then build driver-based sector models, use the valuation metrics specialists actually rely on, normalise for the cycle, and rank a peer set on screener.in. Finish with two full worked case studies in Indian cement and specialty chemicals, and a system for keeping your edge sharp quarter after quarter.
- Choose a sector deliberately and map its value chain, profit pools and core KPIs
- Run a structured immersion using Indian sector data, filings and concalls, plus compliant primary research
- Build driver-based models and sector-specific valuations that expose where consensus is wrong
Mastering Zerodha Console for Portfolio Tracking
A hands-on walkthrough of Zerodha Console, the reporting and portfolio-tracking dashboard that sits behind every Zerodha demat account. Written for first-time demat holders, salaried professionals, homemakers, retirees, and students who already have a Zerodha account and want to actually understand what Console is showing them, rather than just glancing at a profit or loss number. Covers reading Holdings correctly, the difference between Positions and Holdings, tracking mutual funds through Coin, how corporate actions like bonuses and splits show up in your reports, and using the Tax P&L report at return-filing time. No prior trading or accounting background assumed.
- Navigate Console's dashboard and find the report you need without hunting around
- Read Holdings correctly: invested value, current value, day change, and overall returns
- Tell Positions and Holdings apart, and know which one to check for what
Order Types and Trade Execution for Beginners
A ground-up guide to placing orders that do what you intend. Covers how exchanges match trades, the difference between market and limit orders, stop-loss mechanics, bracket and cover orders, and the validity rules that decide whether your order survives the day.
- How the exchange order book matches buyers and sellers by price-time priority
- How to read the 5-level market depth window before placing an order
- When to use a market order versus a limit order, and what each risks
Portfolio Rebalancing: When and How to Do It
A practical, India-specific guide to portfolio rebalancing for investors who already hold a mix of equity, mutual funds, and other assets. Covers why portfolios drift from their target allocation, how to set calendar-based and threshold-based rebalancing rules, and how to actually execute a rebalance while accounting for STCG, LTCG, and exit loads on Indian mutual funds and stocks. Uses real Indian examples and walks through rebalancing on Zerodha Coin and Console.
- Understand portfolio drift and why rebalancing matters
- Build trigger rules for when to rebalance
- Learn rebalancing mechanics and costs in Indian markets
Practice Drills: Analyzing Cash Flow Quality Across Quarters
A practice-first companion to Reading Cash Flow Statements in Depth. You already know what operating, investing, and financing cash flows are; this course makes you use them. Working with NSE and BSE results filings, Screener.in data, and a tracker you build yourself, you will drill cash conversion ratios, working capital swings, and free cash flow period by period, learn to separate normal seasonality from genuine deterioration, and catch the one-off tricks that make a single period's cash flow look better than the business really is. Built for experienced retail investors, mutual fund investors, and salaried professionals who want a repeatable way to judge earnings quality before they buy, or before they trust a fund that does.
- Pull half-yearly and annual cash flow data from NSE, BSE and Screener.in filings, and derive the periods companies do not report directly
- Calculate and track CFO to EBITDA, CFO to PAT, and free cash flow across consecutive periods
- Read receivable, inventory and payable day swings between half-years and explain what moved cash
Practice Drills: Building a Sample Diversified Portfolio
A practice-first course for anyone who has read about diversification but never actually built a portfolio. Working through a sample investor profile, you will run the same drills a first-time investor should run before putting real money to work: setting a risk and goal profile, splitting money across equity, debt, and gold, choosing funds and stocks without overlap, sizing positions so no single bet can hurt too much, and stress-testing the mix against a market correction. Every drill uses Indian tools and context: NSE, BSE, Nifty 50 weights, screener.in-style research, and Zerodha-style demat statements. Built for college students, first-time demat account holders, salaried professionals, homemakers, and retirees who want a repeatable checklist, not just theory.
- Define a sample investor profile by goal, time horizon, and risk appetite before allocating a single rupee
- Split a portfolio across equity, debt, and gold using a simple allocation framework
- Pick large cap, mid cap, and small cap mutual funds and check them for overlap before buying
Practice Drills: Building a Sector Comparison Scorecard
A drill course for investors who already know that a bank, an IT exporter and a cement maker cannot be judged on the same yardstick, and now want a repeatable way to compare companies inside one sector. You will pick a fair peer set, choose the metrics that actually drive each sector, pull and clean the data from screener.in and annual reports, convert raw numbers into scores, weight them honestly, and then build full scorecards for Indian IT services, private sector banks, FMCG and cement. The course closes by stress-testing your weights and turning the final scores into a research watchlist, not a buy list.
- Build a fair peer set for any NSE-listed sector and defend every inclusion and exclusion
- Choose the handful of metrics that genuinely drive returns in IT, banking, FMCG and cement
- Pull, clean and normalise peer data from screener.in and annual reports
Practice Drills: Calculating Capital Gains Tax on Sample Trades
A hands-on practice course for investors who already know the basic rules of capital gains tax and want to get fast and accurate at applying them. Each lesson works through sample trades drawn from real NSE and BSE scenarios, building from single delivery trades to netting gains and losses across a full financial year.
- How to classify a trade as short-term or long-term and apply the correct tax rate
- How to compute cost basis correctly, including STT and brokerage adjustments
- How the grandfathering clause changes the taxable gain on pre-2018 holdings
Practice Drills: Calculating P/E, P/B, and Dividend Yield
A practice-first companion to the stock market basics track. Instead of re-explaining what P/E, P/B, and dividend yield mean, this course puts you through real calculation drills using actual Indian company numbers, so you can compute and sanity-check these ratios yourself instead of just reading them off screener.in.
- Calculate trailing and forward P/E from a company's EPS
- Work out book value per share and the P/B ratio
- Calculate dividend yield and spot when a high yield is a trap
Practice Drills: Calculating Yield to Maturity and Duration on Sample Bonds
A drill-first course for experienced retail investors, active traders, and HNIs who already know the theory of bond pricing and now want to compute yield to maturity and duration quickly and correctly. Every drill uses sample bonds modelled on real Indian instruments: G-Secs and T-Bills from RBI Retail Direct, SDLs, and listed corporate bonds on NSE and BSE. You work each problem by hand first, then check it in Excel or Google Sheets, then apply it to a real decision such as choosing between two bonds before an RBI policy meeting or stress-testing a portfolio against a rate shock.
- Price a fixed-coupon bond from its cash flows and split the dirty price into clean price and accrued interest
- Solve for YTM by trial and error, by the approximation formula, and with the YIELD and RATE functions in a spreadsheet
- Compute yield to call and yield to worst on callable corporate bonds and pick the right one to quote
Practice Drills: Constructing a Dividend Income Portfolio
A hands-on drill course for investors who already understand dividend yield, payout ratio and dividend traps, and now need to build an income portfolio end to end. You will convert a monthly income goal into a required corpus and yield, run a dividend screen on Screener.in, stress-test each candidate's payout against free cash flow, debt and earnings, size positions under sector and single-stock caps, calculate post-tax income at your slab rate after TDS, and practise the annual review that decides what to trim, top up or exit. Every drill uses Indian companies, NSE and BSE data, and INR figures.
- Convert a monthly income target into the corpus and portfolio yield you actually need, after tax
- Build and refine a dividend screen on Screener.in and cut a raw list down to a shortlist
- Test whether a dividend is sustainable using payout ratio, free cash flow cover and debt
Practice Drills: Evaluating a Merger or Demerger Announcement
A practice-first companion to Understanding Mergers, Acquisitions, and Demergers. You already know what a scheme of arrangement, a swap ratio, and an open offer are; this course makes you work them. Starting from the actual exchange filings on BSE and NSE, you will drill swap ratio conversions, merger arbitrage spreads, EPS accretion and dilution, open offer acceptance ratios, demerger entitlements, and cost of acquisition splits, then learn to read valuation reports and spot deals that quietly shortchange minority shareholders. Built for experienced retail investors, mutual fund investors, and salaried professionals who hold stocks that show up in deal headlines and want a repeatable way to evaluate the announcement before the market does it for them.
- Find the board outcome, scheme document, valuation report, and fairness opinion for any deal on BSE and NSE
- Convert your holding through a swap ratio, including fractional entitlements, and compare swap value with market price
- Calculate a merger arbitrage spread and the market's implied probability of the deal closing
Practice Drills: Interpreting Quarterly Results Announcements
A practice-first companion to How to Read Financial Statements. Instead of more theory, this course puts real quarterly results releases from NSE-listed companies in front of you and drills you through them: revenue, profit, margins, YoY vs QoQ comparisons, and the one-off items that trip up first-time readers, until spotting what actually matters becomes automatic.
- Find a company's quarterly results release on NSE, BSE and screener.in
- Read revenue, net profit and EPS line by line on a real results release
- Tell YoY and QoQ comparisons apart and know which one matters for a given number
Practice Drills: Placing Mock Orders, Market vs Limit
A hands-on, drill-based course for anyone who has opened a demat account but never actually placed an order. Walks through the real difference between market and limit orders, how order validity types like Day, IOC, and GTT work, and a step-by-step guided walkthrough of placing both order types on Zerodha Kite. Ends with the mistakes new investors make most often and practice drills to test your judgment on which order type fits a given situation. Built for college students, first-time demat holders, salaried professionals, homemakers, and retirees who want to place their first order with confidence, not guesswork.
- The real difference between a market order and a limit order, and when each one protects you
- How order validity types like Day, IOC, and GTT change what happens to your order
- How to place a market order and a limit order step by step on a broker platform like Zerodha Kite
Practice Drills: Reading Balance Sheets Line by Line
A practice-first companion to How to Read Financial Statements. Instead of more theory, this course puts real balance sheets from NSE-listed companies in front of you and drills you line by line: current assets, fixed assets, current liabilities, borrowings and equity, until spotting what belongs where becomes automatic.
- Sort any balance sheet line into assets, liabilities or equity without hesitating
- Read current assets and current liabilities line by line on a real filing
- Tell current items apart from non-current ones on sight
Practice Drills: Reading Contract Notes and Verifying Charges
A hands-on, India-specific drill set for actually reading the contract note your broker sends you and checking whether every charge on it is correct. Built for first-time demat holders, college students, salaried professionals, homemakers, and retirees who have opened a Zerodha or Groww contract note PDF, seen a wall of numbers, and had no idea what to check. Walks through every row and charge line, brokerage, STT, exchange transaction charges, stamp duty, GST, and SEBI turnover fees, then puts that knowledge to work verifying real equity delivery, intraday, and full-day contract notes against the broker's own tariff sheet.
Practice Drills: Reading and Summarizing Earnings Call Transcripts
A practice-first companion to Reading Management Commentary and Earnings Call Transcripts. Instead of more theory, this course puts concall transcripts of NSE-listed companies in front of you and drills you through them: pulling every number from the opening remarks, separating firm guidance from mood, tagging analyst questions, scoring management answers, and compressing the whole call into a one-page summary you can compare quarter after quarter.
- Pull a concall transcript from BSE, NSE or screener.in and skim it in ten minutes
- Extract every number and guidance statement from management's opening remarks
- Separate firm guidance from soft commentary and hedge language
Practice Drills: Rebalancing a Sample Portfolio Based on Targets
A hands-on drill course for investors who already hold a mix of equity, debt and gold and want to keep it on target. Every lesson hands you a sample portfolio in INR, a target allocation and a market move, and you work out the exact trades: how much to sell, how much to buy, and whether fresh SIP money can do the job without selling at all. Covers calendar vs threshold triggers, tolerance bands, multi-asset and market-cap sub-allocation, international funds, and the tax, exit load and lot-selection rules that decide whether a rebalance is worth doing. Uses Nifty-linked scenarios, Indian mutual funds, SGBs and Gold ETFs, and execution on Zerodha Coin and Kite.
- Measure how far a portfolio has drifted from its target and turn the gap into exact rupee trades
- Choose between calendar, threshold and hybrid rebalancing rules and apply tolerance bands
- Rebalance with fresh SIP money and redirected inflows before selling anything
Practice Drills: Screening Stocks Using Basic Fundamental Filters
A practice-first course for learners who already understand basic financial statements and ratios. Instead of teaching new theory, this course drills the habit of screening: choosing the right fundamental filters, building queries on screener.in, and running guided screens against real NSE-listed stocks to separate quality names from red flags.
- Which fundamental filters (P/E, ROE, debt-to-equity, sales growth, promoter holding) actually matter and why
- How to build and combine filter queries on screener.in
- How to save, export and iterate on a screen as your criteria change
Practice Drills: Spotting Red Flags in Annual Reports
A practice-drill course for retail investors who can already read a balance sheet, P&L, and cash flow statement and want to build the sharper skill of spotting trouble in them. You will work through real Indian annual report excerpts and case-style scenarios to catch rising debtors against flat sales, related-party loans, profit that never turns into cash, and auditor notes that quietly say more than they seem to. Built for first-time demat holders, salaried professionals, homemakers, and retirees who want a repeatable checklist, not just theory.
- Spot revenue quality problems like rising debtors against flat or falling sales
- Recognize related-party transactions and promoter loans that should worry you
- Tell the difference between accounting profit and real cash profit
Practice Drills: Spotting Working Capital Red Flags
A practice-first companion to Understanding Working Capital and Its Impact on Business Health. You already know what debtor days, inventory days, payable days and the cash conversion cycle mean; this course makes you apply them to real Indian filings. Working with Screener.in data, NSE and BSE annual reports, and the notes to accounts most investors skip, you will drill receivable ageing, related-party balances, inventory build-ups, stretched payables, supply chain finance and customer advances, then pull it all together into a red flag scorecard you can run on any listed company. Built for experienced retail investors, mutual fund investors, and salaried professionals who want to spot a working capital problem before it becomes a cash crunch.
- Pull receivables, inventory, payables and their ageing notes from Screener.in and annual reports, standalone and consolidated
- Test whether debtor days and inventory days are rising faster than sales can justify
- Read receivable ageing schedules, provisions, unbilled revenue and inventory mix for early warning signs
Reading Annual Reports Using the BSE and NSE Filing Systems
An annual report is one filing among hundreds a listed company sends to BSE and NSE every year. Read it alone and you miss the AGM resolutions, the quarterly shareholding and pledge data, the related party disclosures, the auditor resignation letter, and the credit rating downgrade that landed three months after the report went out. This course treats the exchange filing systems as your research tool: where the annual report sits in the SEBI LODR calendar, how to pull it and its archives from both exchanges, which companion filings complete it, which event filings change how you read it, and how to build a repeatable, filing-driven routine for every stock you own. Built for experienced retail investors, mutual fund investors, and salaried professionals who already know their way around the exchange websites and want to turn them into a proper research workflow.
- Place the annual report in the SEBI LODR filing calendar and know which filing is due when
- Pull current and archived annual reports from both BSE and NSE, and handle missing or revised copies
- Read the AGM notice, Regulation 33 results, and XBRL data alongside the annual report
Reading Cash Flow Statements in Depth
A line-by-line guide to reading and interpreting cash flow statements for Indian listed companies, built for retail investors, mutual fund investors, and salaried professionals who are already comfortable with a profit and loss statement and want to go deeper. Learn to reconcile net profit to cash profit, break down operating, investing, and financing activities, calculate free cash flow, and spot the manipulation tricks that let profit grow while cash quietly disappears, using real filings and Screener.in data throughout.
- Break down cash flow from operating activities line by line
- Connect investing and financing activities to free cash flow
- Spot manipulation red flags across sectors and funds
Reading Company Fundamentals on Screener.in
Screener.in puts a decade of any listed Indian company's financials in front of you for free, but a blank screen full of numbers is only useful once you know what you're looking at. This course walks you through the platform itself, then through the Profit & Loss, Balance Sheet and Cash Flow pages, and finally through the ratios Screener calculates automatically, so you can open any company page on the NSE or BSE and form your own view in minutes.
- Navigate a Screener.in company page and know where every number comes from
- Read the Profit & Loss, Balance Sheet and Cash Flow statements without a finance degree
- Tell standalone numbers apart from consolidated ones and know which to trust for a given question
Reading Credit Rating Reports and Their Relevance to Equity Investors
A practical guide for experienced retail investors who track stocks but have never actually opened a CRISIL or ICRA rating rationale. Most equity investors treat credit ratings as something only bond buyers need to care about, then get blindsided when a debt downgrade drags down the stock they hold, as happened with IL&FS, DHFL, and Yes Bank. This course teaches you to read an Indian rating report the way an analyst does: what the rating scale actually measures, how to work through a rating rationale section by section, which leverage, coverage, and liquidity ratios agencies track, and how to connect a company's rating trajectory to its equity story before the market reacts. Built around real CRISIL, ICRA, CARE, and India Ratings reports, and grounded in NSE and BSE case studies throughout.
- See why credit ratings matter to an equity investor
- Break down the anatomy of a rating report
- Connect the numbers behind a rating to a stock call
Reading Management Commentary and Earnings Call Transcripts
A practical, transcript-first course on decoding what management actually says on Indian earnings calls, in investor presentations, and in the MD&A section of annual reports. Learn where to find real transcripts on BSE, NSE, and screener.in, how to read the structure of a concall, and how to spot hedge language, guidance shifts, and tone changes before they show up in the numbers.
- Build the skill of reading management commentary closely
- Learn the anatomy of a typical earnings call
- Decode the language management uses on calls
Reading Reliance Industries' Annual Report: A Beginner's Walkthrough
Most first-time investors never open the annual report of a company they own. This course fixes that using Reliance Industries, India's largest listed company, as the worked example. You will learn to read the Chairman's statement, understand RIL's four businesses, and walk through its actual balance sheet and profit and loss statement line by line, so you can do the same for any company you hold.
- Why the annual report matters more than the quarterly result or the share price
- How to find and navigate a company's annual report on its website and on NSE/BSE
- How to read a Chairman's statement and MD&A without getting lost in jargon
Risk, Return, and Portfolio Construction Basics
A ground-up, India-specific guide to the two ideas every investing decision actually rests on: risk and return. Built for college students, first-time demat holders, salaried professionals, homemakers, and retirees who can quote a stock's return but have never been taught what risk really means, why a 15% FD-beating return can still be a bad outcome, or why one hot stock tip is not a portfolio. Covers the real difference between risk and volatility, the main types of investment risk, CAGR versus absolute returns, real versus nominal returns after inflation, post-tax returns under India's current STCG and LTCG rules, and the basics of asset allocation and diversification, using real NSE and BSE examples, screener.in data, Zerodha statements, and SEBI-relevant rules throughout.
- Learn what risk actually means when investing
- Understand return properly, beyond just the headline number
- Build your first diversified portfolio with confidence
Sectoral Analysis: Understanding How Different Industries Behave
A sector-by-sector guide to how Indian industries actually make money, what drives their earnings, and why the same ratio means completely different things in a bank, an IT services firm, and a cement maker. Built for experienced retail investors, mutual fund investors, and salaried professionals who already know the basics of reading financial statements and want to analyse stocks and sector funds with an industry lens. Covers NSE sectoral indices, cyclical vs defensive behaviour, sector-specific KPIs and valuation multiples, and sector rotation, using real Nifty sector data, Screener.in, and listed Indian companies throughout.
Setting Up Price and News Alerts Across Platforms
Most investors either have no alerts at all or have forty of them firing every day, and both end the same way: the one move that mattered gets missed. This course treats alerts as a system, not a feature. You will design an alert register that ties every holding to a specific trigger and a specific action, then build it across the platforms Indian investors actually use: price alerts and Alert Triggers Order on Zerodha Kite, GTT orders, alerts on Groww and Upstox, chart and indicator alerts on TradingView, corporate filing alerts from NSE and BSE, result and announcement tracking on Screener.in, news alerts that filter out market chatter, and mutual fund alerts for NAV moves and portfolio disclosures. Built for experienced retail investors, mutual fund investors, and salaried professionals who cannot watch a screen all day and need their portfolio to tap them on the shoulder only when it matters.
- Design an alert register that maps every holding to a trigger, a platform, and a pre-decided action
- Set price alerts and Alert Triggers Order on Zerodha Kite, and know when a GTT order is the better tool
- Build crossing, channel, percentage-move and indicator alerts on TradingView without hitting plan limits blindly
Setting Up and Using a Personal Portfolio Tracker in Excel
A practical, step by step course on building your own portfolio tracker in Excel or Google Sheets. You will learn to log every transaction correctly, pull live prices, calculate true annualized returns with XIRR, track dividends and corporate actions, and keep a tracker that survives tax season instead of falling apart by March.
- Set up a Holdings, Transactions, and Dashboard sheet structure that scales as your portfolio grows
- Log buy and sell transactions so average price and realized gains are always correct
- Pull live prices into your sheet with GOOGLEFINANCE or Excel Stock Data Types
Understanding Bond Pricing: Yield to Maturity, Duration, and Convexity
A rigorous, India-first course on how bonds are actually priced and how their risk is measured. Built for experienced retail investors, active traders, and HNIs who already know what a bond is and now want to price one, compute its yield to maturity, and size its interest rate risk using Macaulay duration, modified duration, PV01, and convexity. Uses G-Secs, SDLs, and corporate bonds traded on NSE, BSE, and RBI Retail Direct, debt fund factsheets, and real RBI rate cycles throughout, with every formula worked in INR.
- Price any fixed-coupon bond by discounting its cash flows, and separate clean price from accrued interest
- Compute yield to maturity by hand and in Excel, and understand the reinvestment assumption behind it
- Evaluate callable bonds using yield to call and yield to worst
Understanding Bonus Shares Through the Case of Infosys
Bonus shares are one of the most misunderstood corporate actions on the Indian market. Using Infosys, one of NSE's most bonus-active large caps, as a running example, this course walks through what a bonus issue is, what it does and does not do to your wealth, and how to read one like an analyst instead of just cheering the headline.
- What a bonus share issue is and why companies choose to do it
- How bonus ratios, record dates, and ex-dates change what you hold and what it's worth
- Infosys's full bonus history and what each issue meant for a long-term holder
Understanding CDSL Easi and NSDL Speed-e for Demat Statements
Your broker's app is not your demat account. CDSL and NSDL, India's two depositories, hold the real record of what you own, and every investor should know how to log in directly, read a Consolidated Account Statement, and spot a discrepancy before it becomes a problem. This course walks you through registering on CDSL Easi and NSDL Speed-e, reading your holdings and CAS, and protecting your demat login from fraud.
- Why your demat account sits with a depository, not your broker, and what that means for you
- The practical differences between CDSL and NSDL and how to tell which one holds your holdings
- How to register for and navigate CDSL Easi and Easiest
Understanding Consolidated vs Standalone Financial Statements
Every listed Indian company with subsidiaries publishes two sets of numbers, and picking the wrong one can make a stock look cheap, safe, or profitable when it is none of those. This course shows you exactly how consolidation works under Ind AS, where the two versions live on BSE, NSE and screener.in, how to read the gap between them, and how groups like Tata Motors, Reliance, Bajaj Finserv and Adani use subsidiary structures. You finish with a practical checklist for deciding which statement to trust for every ratio you run.
- Why Indian companies report standalone and consolidated numbers, and which laws and SEBI rules require it
- How to pull both versions from annual reports, BSE and NSE result filings, and screener.in without mixing them up
- How consolidation works: control, line-by-line addition, intra-group eliminations, non-controlling interest and goodwill
Understanding Cyclical vs Defensive Stocks
A deep guide to the two behaviours that shape every Indian portfolio: stocks whose earnings rise and fall with the economy, and stocks whose earnings hold steady through it. Built for experienced retail investors, mutual fund investors, and salaried professionals who want to know what they actually own and how it will behave in the next downturn. Covers how to classify and measure cyclicality on Screener.in, the economics of commodity, demand, and rate cyclicals, why defensives command a premium and when it stops paying, valuing stocks across the cycle with normalised earnings and price to book, tracking Indian leading indicators and RBI rate cycles, and building a balanced portfolio through direct stocks, sector funds, and ETFs, using real NSE companies and Nifty sector index history throughout.
Understanding Cyclicality in Commodity and Capital Goods Stocks
A practitioner's framework for investing in the most unforgiving corners of the Indian market: steel, aluminium, cement, oil and gas, and the capital goods names that build the country. Learn why these stocks swing far more than the Nifty, how to tell where a cycle is using order books, capacity utilisation, LME prices and margin data, why P/E is a trap for cyclicals and what to use instead, and how to size, time and exit positions. Built around real NSE and BSE case studies including Tata Steel, Hindalco, L&T and BHEL across full boom-to-bust cycles.
Understanding ESG Investing in the Indian Context
A practical course on ESG investing for Indian investors who want substance over slogans. Learn what environmental, social and governance risks mean for returns, how to read SEBI's BRSR disclosures, why ESG ratings disagree, how ESG mutual funds and indices are actually built, and how to fold material ESG factors into your own analysis of NSE and BSE listed stocks without falling for greenwashing.
- Why ESG factors are financial risks, and where the evidence on ESG and returns is strong or weak
- How ESG investing differs in India, from coal dependence to promoter-driven governance
- How to find and read a company's BRSR filing and the BRSR Core metrics that get assured
Understanding Insider Trading Regulations and Bulk Deal Data
An advanced, India-specific course for experienced retail investors, active traders, and HNIs who want to use the same disclosure data that institutions watch every evening. It covers the SEBI (Prohibition of Insider Trading) Regulations 2015 in practical terms: what counts as unpublished price sensitive information, who is an insider or connected person, trading window closures, and the disclosure filings that land on NSE and BSE every day. It then moves to bulk deal and block deal data, the 0.5% reporting rule, the block deal window, and how to tell genuine promoter or institutional accumulation from operator-driven distribution. The course closes with SEBI's enforcement machinery, landmark Indian cases, the SAST takeover thresholds that sit alongside insider rules, and the lines a retail investor must never cross when acting on tips, Telegram channels, or a friend inside a listed company.
- Define unpublished price sensitive information, insider, and connected person exactly as SEBI does, and apply the definitions to real situations
- Locate and read insider trading disclosures, pledge data, and trading window closure notices on the NSE and BSE websites
- Explain the 0.5% bulk deal rule, the block deal window, and the difference between the two data sets
Understanding Market Microstructure and Liquidity
An advanced, India-specific course on how orders actually become trades on NSE and BSE, and why liquidity, not just price, decides what you really pay. Built for experienced retail investors, active traders and HNI portfolios who have moved beyond stock picking and now need to understand the order book, price-time priority, pre-open and closing auctions, impact cost, slippage, and the hidden footprint of algos, FIIs and block deals. Covers how to read market depth on Zerodha, measure liquidity with NSE impact cost and delivery data, execute large orders without moving the price, and build a liquidity-aware plan for smallcaps and volatile sessions.
Understanding Mergers, Acquisitions, and Demergers
An investor's guide to what really happens to your shares when an Indian listed company merges, gets acquired, or splits itself apart. Built for experienced retail investors, mutual fund investors, and salaried professionals who hold stocks that show up in deal headlines and want to understand the mechanics instead of reacting to them. Learn why companies do deals, how schemes of arrangement move through NCLT and shareholder votes, how swap ratios convert your holding, how SEBI's Takeover Code and open offers protect minority shareholders, and how delistings work. Then look at deals through an investor's lens with EPS accretion and dilution, merger arbitrage spreads, and the warning signs of value-destroying acquisitions, before decoding demergers, cost of acquisition splits, and the tax treatment of every event. Uses real NSE and BSE cases like HDFC and HDFC Bank, Reliance and Jio Financial Services, and ITC Hotels, with screener.in and exchange filings throughout.
Understanding NSE and BSE Websites for Company Filings and Announcements
A practical, hands-on guide to the two places every piece of official company information actually lives: the NSE and BSE websites. Learn why companies are legally required to disclose results, corporate actions and material events on the exchanges before anywhere else, and how to find that information yourself instead of relying on news headlines or social media screenshots. Walk through the real layout of nseindia.com and bseindia.com, use their corporate announcements and company search tools, pull up a company's full filing history, and read dividend, bonus, split and buyback notices directly from the source. Built for first-time demat account holders, salaried professionals and retirees who want to check facts themselves before acting on a stock.
Understanding Promoter Pledging and Its Risks
Promoter pledging is one of the most under-read risk signals in Indian equities. This course explains what happens when a promoter borrows against their own shares, how lenders set loan-to-value limits and margin calls, and why a falling stock price can trigger a spiral of forced selling that ends with the promoter losing control. You will learn to read pledge and encumbrance disclosures on NSE, BSE and screener.in, distinguish healthy pledging from distress, and interpret ratios like pledged shares as a percentage of promoter holding versus total equity. Indian case studies including Zee Entertainment, Coffee Day Enterprises, the Anil Ambani group companies and Yes Bank show how pledge risk played out in real portfolios. The course closes with a practical scorecard, exit triggers and a monitoring routine you can apply to any stock you hold.
- Explain how promoter share pledging works, from loan-to-value ratios to top-ups and invocation
- Read pledge and encumbrance disclosures on NSE, BSE and screener.in and interpret the key ratios
- Separate legitimate pledging from distress signals using trend, lender type and group context
Understanding Sector Rotation and Business Cycles
A practical, India-specific guide to the business cycle and the sector rotation it drives. Built for experienced retail investors, mutual fund investors, and salaried professionals who already understand sectors and basic macro, and now want to judge where the Indian economy sits in its cycle, which sectors tend to lead and lag in each phase, and whether the textbook rotation model actually holds on NSE. Covers leading indicators like PMI, GST collections, credit growth, and auto sales, the RBI rate cycle, Nifty sectoral index performance across real Indian cycles from 2003 to today, relative strength analysis, and how to implement tactical sector tilts through index funds, ETFs, and business cycle funds without wrecking returns through overtrading and tax drag.
- Identify the four phases of the business cycle and why the stock market typically turns before the economy does
- Read India's cycle dashboard: PMI, GST collections, IIP, bank credit growth, capacity utilisation, and the yield curve
- Map which Indian sectors historically lead in early, mid, and late cycle phases and which hold up in a slowdown
Understanding Stock Exchange Listing Norms and IPO Process
A ground-up guide to how companies list on the NSE and BSE and how the IPO process actually works in India. Covers SEBI's listing eligibility norms under the ICDR Regulations, the role of merchant bankers and registrars, how to read a DRHP and RHP, book building versus fixed price issues, investor categories (QIB, NII, retail), and the practical mechanics of applying via ASBA and UPI. Ends with how to read a prospectus for red flags before you invest. Built for first-time demat holders and retail investors who want to understand an IPO beyond the subscription number on financial news.
- Why and how a company lists on the NSE and BSE
- SEBI's eligibility norms for an IPO under the ICDR Regulations
- How to read a DRHP and RHP without being a lawyer
Understanding Stock Splits Through the Case of MRF vs Divis Labs
A short case-study course on stock splits, built around two contrasting real examples: MRF, which has never split its shares and trades above ₹1 lakh, and Divis Labs, which has. You'll learn what a split mechanically does and doesn't do to a company's value, why companies choose to split (or not), and how to read a split announcement without assuming it means anything about the business.
- What actually happens to your shares, price, and holding value in a stock split
- Why a stock split does not change a company's market capitalization or your investment's worth
- Why MRF has never split its stock despite trading above ₹1 lakh per share
Understanding Working Capital and Its Impact on Business Health
A practical, investor-side guide to working capital, built for experienced retail investors, mutual fund investors, and salaried professionals who already know how to read a balance sheet and want to know what the receivables, inventory, and payables lines are actually telling them. Learn to locate working capital on a balance sheet, calculate and interpret DSO, DIO, DPO, and the cash conversion cycle, read liquidity ratios as trend signals rather than pass or fail tests, and see why FMCG, IT, and capital goods companies carry completely different working capital profiles. Covers negative working capital businesses, the red flags that show up before a cash crunch does, and how to carry this lens into stock screening on Screener.in and into evaluating a mutual fund's underlying holdings, using real NSE and BSE listed companies throughout.
Upstox Platform Guide for New Investors
A practical, screen-by-screen guide to using Upstox as your first stockbroker. Covers opening and verifying your account, finding your way around the app and web platform, placing your first trade, and reading your holdings, contract notes, and funds so nothing on the platform feels unfamiliar.
- How to open and verify a Upstox demat and trading account, including KYC
- How to navigate the Upstox app and web platform without getting lost
- How to add funds and read your trading balance correctly
Using Google Finance and Yahoo Finance for Market Data
A practical, tool-first course for anyone who wants Indian market data on their own screen, not just on a broker app. Built for college students, first-time demat holders, salaried professionals, homemakers, and retirees who want to track prices, build a simple watchlist, and pull a company's numbers without paying for a data terminal. Covers reading and pulling live NSE and BSE quotes on Google Finance, using the GOOGLEFINANCE function in Google Sheets to build a live watchlist and portfolio tracker, and navigating Yahoo Finance for historical price downloads and company financials, using real Indian tickers throughout.
- How to read a live stock quote correctly on Google Finance, including NSE versus BSE pricing differences
- How to use the GOOGLEFINANCE function to pull live and historical prices into Google Sheets
- How to build your own watchlist and portfolio tracker in a spreadsheet you control
Using Income Tax Portal for Capital Gains Reporting Basics
A practical, step-by-step walkthrough of reporting capital gains from stocks and mutual funds on India's income tax e-filing portal, from reading your broker's capital gains statement to filing Schedule CG correctly.
- How to read your broker's capital gains statement and separate short-term from long-term gains
- How to reconcile your capital gains data against your AIS and Form 26AS before filing
- How to choose between ITR-2 and ITR-3 based on your income sources
Using the SEBI SCORES Portal for Investor Grievances
A practical, step-by-step walkthrough of SCORES (SEBI Complaints Redress System), the official portal for filing grievances against brokers, listed companies, mutual funds, RTAs, and other SEBI-regulated intermediaries. Covers what counts as a valid grievance, how to register and file a complaint with the right evidence and category, how to track it through resolution, and what to do when a complaint goes unresolved, including escalation to the SEBI Ombudsman and the ODR portal. Written for first-time demat account holders, salaried professionals, homemakers, and retirees who may never have filed a regulatory complaint before.
- What SCORES is, who it covers, and what kinds of complaints it can and cannot resolve
- How to register on SCORES and file a complaint with the correct category and evidence
- How to track your complaint status and understand SEBI's resolution timelines
How to Read Financial Statements
A practical guide to reading a company's profit and loss statement, balance sheet and cash flow statement through an investor's lens. Shows how these three statements fit together, so you can build a clear picture of any company's financial health before you invest.
- Read the P&L statement to see how a company earns
- Analyze the balance sheet and cash flow statement together
- Put all three financial statements together for a full picture
Stock Market from Zero
A ground-up guide to the Indian stock market for complete beginners, covering what the market actually is, how to open a demat and trading account, and how buying and selling really works. Explains how the Sensex and Nifty indices work and gives first-time investors a simple framework for making their first investment.
- Learn what the stock market is and why it exists
- Open a demat and trading account step by step
- See how buying, selling, Sensex and Nifty actually work