Financial education for Indian investors
Financial concepts, one at a time.
Wealth Primer explains how to read a company, a chart, a fund and a tax rule — in plain language, with worked examples on real Indian numbers. It teaches concepts. It never tells you what to buy.
- Worked examples on audited filings and AMFI data
- Lagged data — every figure is at least 3 months old
- No tips, no calls — concepts only, ever
Start here
Jargon, Decoded
One financial term or ratio at a time — P/E, ROCE, P/B, and the rest, explained with a worked example.
Fundamental Analysis — Beginner to Expert
Reading financial statements, key ratios, and valuation basics, from first principles to DCF.
Technical Analysis — Zero to Hero
Candlesticks to chart patterns — plus an honest look at what technical analysis can't tell you.
Mutual Funds, Minus the Marketing
Rolling returns, expense ratios, drawdowns, SIP myths, and how to actually read a factsheet.
Latest posts
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Reading an annual report: the map, and where the bodies are buried
An annual report is 140 pages written by the people it judges. Which sections to read first, which to skip, and why the notes beat the chairman's letter.
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Reading a candlestick chart: four prices in one bar
Open, high, low and close packed into a single bar. How to read candlesticks, what bodies and wicks mean, and why a line chart throws most of it away.
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Alpha: the return that's left after the market is accounted for
Alpha is return beyond what beta and the benchmark predict. Britannia's 5.6-point lead over the Nifty is 1.6 after beta; an index fund's alpha is dividends.
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What technical analysis is, and what it quietly assumes
Technical analysis studies price and volume rather than the business. What it assumes, where those assumptions come from, and how it differs from fundamentals.
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Capstone: reading one real company with the whole toolkit
One real company, the whole toolkit, in the order you would actually use it, and a straight explanation of why this blog stops short of a verdict on the stock.
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Beta: how much a stock moves when the market moves
Beta is how much a stock tends to move for a 1% move in the index. Britannia's two-year beta is 0.42, but it nearly doubled between the two years inside it.
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Benchmarks: how a passive fund 'beat its index' by doing nothing
A benchmark decides what a return means. Price return versus total return indices, and how funds could once beat an index by doing nothing at all.
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SIPs and XIRR: five years of discipline that returned nothing
Why a SIP needs XIRR rather than a simple return, what rupee cost averaging does and does not do, and a real five-year SIP that returned almost nothing.