Library
Short, sourced explainers on markets and money. Free to read, download and teach from.
Equity market
Capital gains tax on investments
How the profit on selling shares, fund units, gold and property is taxed, and what changed in 2023 and 2024
Rules as on 12 October 2026, for tax year 2026-27 under the Income-tax Act, 2025
13 slidesReadHow Sensex and Nifty are built
What an index measures, how free-float weights work, and what the Sensex and Nifty 50 levels can tell you
Index levels as on 31 August 2026
13 slidesReadHybrid funds
Schemes that mix shares and debt: SEBI's seven categories, the 65% tax test, and what none of them assures
Rules as on 12 October 2026. Industry figures as on 31 August 2026
13 slidesReadIndex funds and ETFs
Two ways to hold a whole index in one scheme, what each costs, and what neither can do
Industry figures as on 31 August 2026
13 slidesReadLarge, mid and small cap
How listed companies are sorted by size, who draws the lines, and how fund categories use them
AMFI list for the six months ended 30 June 2026
13 slidesReadSIP: how it works
What happens on each instalment date, what averaging does, and what it does not do
Industry figures for August 2026
13 slidesReadWhat is a mutual fund
How pooled money becomes units, who looks after it, and what a fund does not promise
Industry figures as on 31 August 2026
13 slidesRead
Debt market
Bond prices and yields
Why a bond's price falls when interest rates rise, and what that does to a debt fund
Market figures as on 1 September 2026
12 slidesReadCredit risk and spreads
What a rating tells you, why company bonds yield more than government bonds, and what a downgrade does
Bond yields as on 1 September 2026; fund assets as on 31 August 2026
13 slidesReadDuration and interest-rate risk
One number that says roughly how far a bond, or a debt fund, moves when yields change
Yields as on 1 September 2026; fund assets as on 31 August 2026
13 slidesReadHow interest rates work
What an interest rate pays for, why there are so many, and how RBI's rate reaches a deposit, a loan and a bond
Market yields as on 1 September 2026; policy rate as on 7 October 2026
13 slidesReadThe yield curve
What the curve plots, how its shapes are commonly read, and what India's looked like on 1 September 2026
Indian yields as on 1 September 2026 (Treasury bills: auction of 27 August 2026)
13 slidesRead
Macro economics
Balance of payments and CAD
The country's account with the rest of the world: what goes in it, why it balances and where it stands
Balance of payments data to April-June 2026; foreign exchange reserves as on 2 October 2026
12 slidesReadCompounding
Growth on growth: how time, rate and frequency change the answer, and why the assumed rate matters most
Inflation and yield figures as on the dates shown
13 slidesReadFiscal deficit and the Budget
What the Government earns, spends and borrows, and how to read the three deficit numbers
Union Budget 2026-27 (1 February 2026); Government accounts to the end of August 2026
13 slidesReadInflation: types and causes
How prices are measured, why they rise, and why the aim is a low, steady rate rather than none
CPI figures up to August 2026, released by MoSPI on 14 September 2026
13 slidesReadRBI and monetary policy
What the policy is for, who decides it, the words RBI uses, and how to read a policy statement
Position as on 7 October 2026, the date of the latest policy announcement
13 slidesReadRBI's toolkit
Repo, SDF, MSF, CRR and SLR: what each one does and where each stands
Policy rates as on 7 October 2026; reserve ratios as published by RBI on 9 October 2026
13 slidesReadThe rupee: what moves it
How to read USD/INR, the forces behind it, and who is affected when it moves
Reference rate as on 31 August 2026; effective exchange rate indices for August 2026
13 slidesRead
Financial ratios
P/E, PEG and P/B
Three ratios that say how much the market is paying for a company's profits, growth and net worth
Index figures as on 31 August 2026
12 slidesReadRisk-adjusted return ratios
Sharpe, Sortino, Treynor and the information ratio: how much a fund earned for the risk it carried
Treasury bill yield as on 1 September 2026; repo rate as on 7 October 2026
13 slidesRead
Financial analysis
Asset allocation
How money is divided between shares, bonds, gold and cash, and why the split shapes the range of outcomes
Market figures as on 31 August 2026; SEBI scheme categories as on 20 March 2026
13 slidesReadGrowth and IDCW options
Two ways a mutual fund scheme treats its gains: keep them in the unit price, or pay part of them out
Rules as on 12 October 2026
13 slidesReadTime value of money and NPV
Why a rupee today and a rupee later are not the same, and how a discount rate links the two
Market rates as on 1 September 2026
13 slidesRead