Bazaar School

The whole path

The full curriculum

Every chapter in the order we would teach it if you sat with us for a term.

9 chapters are live and 23 more are planned across 3 levels. Mark a chapter as done at its end and your progress shows up here. Progress is saved in this browser only, so there is no account to create.

9 chapters to go
Start with chapter 1.1
Level 1

Bazaar Basics

Start here if you have never bought a share.

3 chapters to go
Module 1

What the market is

The ideas everything else rests on: what you own, what the big numbers measure, and who runs the show.

2 of 4 written
  1. 1.1
    What a share actually is, and what you own when you buy one

    Before Sensex, demat accounts or candlesticks, there is one idea everything else rests on: a share is a slice of a real business. Here is what that slice gives you, what it does not, and why its price moves.

    8 min
  2. 1.2
    Sensex and Nifty: what the two numbers on the news actually measure

    Every evening someone announces that the Sensex rose 400 points. Points of what? What the two big indices track, how they are built, why one heavy stock can drag them, and why you cannot buy them directly but can buy something very close.

    9 min
  3. 1.3
    Primary and secondary markets: where shares are born and where they trade
    Coming soon
  4. 1.4
    Who is who: SEBI, the exchanges, brokers and depositories
    Coming soon
Module 2

Your first account and order

From opening a demat account to understanding the piece of paper you get after your first trade.

1 of 4 written
  1. 2.1
    How to open a demat account in India, and what happens after you tap Buy

    The three accounts you need, the documents, what a broker charges beyond "zero brokerage", and the one-day journey a share takes from the exchange to your name. Read this before you open anything.

    10 min
  2. 2.2
    Your first order, step by step
    Coming soon
  3. 2.3
    Market, limit and stop-loss orders, and when each one bites
    Coming soon
  4. 2.4
    Reading your contract note line by line
    Coming soon
Module 3

Funds, SIPs and the boring habits that work

The route most people should start on, and how to tell a good fund from a loud one.

  1. 3.1
    Mutual funds versus buying shares yourself
    Coming soon
  2. 3.2
    What an index fund does, and what it costs
    Coming soon
  3. 3.3
    SIPs: the habit, the maths and the mistakes
    Coming soon
  4. 3.4
    Dividends, bonuses and splits explained
    Coming soon
Level 2

Bazaar Intermediate

You own a few shares. Now learn to judge them.

3 chapters to go
Module 1

Reading a company

The documents a company must publish, and the handful of numbers inside them that matter.

2 of 4 written
  1. 1.1
    How to read an annual report without falling asleep

    A listed company's annual report runs 200 to 400 pages, and most of it is there to be skipped. The order to read it in, the six pages that matter, and the warning signs that sat in Satyam's reports before anyone looked.

    11 min
  2. 1.2
    P/E, P/B and ROE: three ratios that do most of the work

    You do not need forty ratios. You need three, the arithmetic that connects them, and a list of the ways each one lies. With a worked example and the questions to ask before trusting any number an app shows you.

    10 min
  3. 1.3
    The cash flow statement, line by line
    Coming soon
  4. 1.4
    Reading a quarterly results presentation without being sold to
    Coming soon
Module 2

Judging a business

Why some companies keep earning well for decades and most do not.

  1. 2.1
    Moats: telling a good business from a lucky one
    Coming soon
  2. 2.2
    Sectors and cycles: why steel and software are different animals
    Coming soon
  3. 2.3
    Management quality: what to look for and what to ignore
    Coming soon
Module 3

Price and timing

What a price chart can and cannot tell you, and the hardest decision of all.

1 of 3 written
  1. 3.1
    Candlesticks, volume and trend: reading a price chart for the first time

    A chart is a record of what other people paid, nothing more. How to read one candle, why volume tells you more than most lines, what a trend is, and SEBI's own numbers on how intraday traders actually do.

    10 min
  2. 3.2
    When to sell: the good reasons and the one bad one
    Coming soon
  3. 3.3
    Valuation through a cycle: cheap at the top, dear at the bottom
    Coming soon
Level 3

Bazaar Advanced

Derivatives, risk and tax: the parts that cost people money.

3 chapters to go
Module 1

Derivatives

Futures and options as they actually work in India, and who they are for.

1 of 3 written
  1. 1.1
    Futures and options in India: how F&O actually works, and why nine in ten retail traders lose

    A plain explanation of futures, calls and puts using Nifty numbers, what SEBI's 2024 and 2025 rule changes did to the market, and the regulator's own study of what happened to more than a crore of individual traders.

    13 min
  2. 1.2
    Hedging a portfolio with index puts
    Coming soon
  3. 1.3
    Option pricing in plain words: time, volatility and the Greeks you need
    Coming soon
Module 2

Risk and the whole portfolio

Sizing, allocation and the other asset classes that make equity survivable.

1 of 4 written
  1. 2.1
    Position sizing and risk: the maths that keeps you in the game

    Most investing books spend 300 pages on what to buy and three on how much. This lesson reverses the ratio: the one percent rule, the arithmetic of drawdowns, why leverage is a different animal, and a worksheet you can fill in tonight.

    10 min
  2. 2.2
    Asset allocation and rebalancing
    Coming soon
  3. 2.3
    Government bonds and RBI Retail Direct
    Coming soon
  4. 2.4
    REITs and InvITs: property and roads by the unit
    Coming soon
Module 3

Tax and paperwork

What you keep after the taxman, and what happens to it when you are not around.

1 of 3 written
  1. 3.1
    Capital gains tax on Indian shares: STCG, LTCG and the rules after July 2024

    The holding period that changes your rate, the 1.25 lakh exemption, what happened to buybacks, how intraday and F&O are taxed differently, and the set-off rules that let a bad year shrink a good year's bill. With worked numbers.

    11 min
  2. 3.2
    Nominations, joint holdings and wills
    Coming soon
  3. 3.3
    Filing your return as an investor: ITR-2 and ITR-3
    Coming soon

Also on Bazaar School

Stories and AI

Not part of the path, but worth your time between chapters.

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Bazaar AI

Algo trading in India: what SEBI now lets a retail investor do

Until 2025, automating your own trades through a broker's API lived in a grey zone. SEBI's February 2025 framework made it legal with conditions: registered algos, an order-rate threshold, broker accountability, and a line between strategies you can see inside and ones you cannot.

9 min read

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