Equity Primer
Updated May 2026
How equity markets work: a beginner's primer
Indices, market cap tiers (large / mid / small), how price discovery happens on the order book, and the basic terms every new investor encounters.
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General-purpose primers on equity, derivatives, mutual funds and taxation, written for retail investors learning the ropes. Not personalised advice, not recommendations.
What you'll find here
Educational primers, not advice
Equity Primer
How equity markets work: a beginner's primer
F&O Education
Futures & Options: the educational primer
IPO Guide
How to read an IPO prospectus
Mutual Fund Basics
Mutual funds explained: types, fees & taxation
Agroy is a SEBI Stock Broker, not a Research Analyst or Investment Adviser.
General education, not investment advice
Agroy is a SEBI-registered Stock Broker (INZ000185530), not a Research Analyst or Investment Adviser as defined under SEBI (Research Analysts) Regulations, 2014 or SEBI (Investment Advisers) Regulations, 2013. The primers below are general-purpose financial education. Nothing here is a recommendation, call, or personalised advice. Consult a SEBI-registered Investment Adviser before acting on any specific investment decision.
Educational primers
Each primer explains a concept end-to-end. No recommendations, no trading calls. Bookmark what's useful; come back as you build context.
Indices, market cap tiers (large / mid / small), how price discovery happens on the order book, and the basic terms every new investor encounters.
What a futures contract is, how options pricing components fit together (intrinsic value, time decay, volatility), and the leverage maths every trader should understand before placing a single order.
What the Red Herring Prospectus (RHP) is, the sections worth reading carefully (risk factors, financials, use of proceeds), and how the SEBI subscription and allotment process actually works.
The categories AMFI defines (equity, debt, hybrid, index, ELSS), how the expense ratio works, exit-load mechanics, and how Indian capital-gains tax applies to each.
What position sizing means, how to think about portfolio concentration risk, and why most retail F&O traders lose money, per SEBI's own studies.
Short-term vs long-term capital gains rates for equity, debt and derivatives; how Securities Transaction Tax (STT) works; and what your contract note actually itemises.
Have a market question?
We’ll help you understand the mechanics
Send us your question and we’ll explain the concept, not whether to buy or sell. For personalised investment advice, consult a SEBI-registered Investment Adviser.
Market education content last reviewed by compliance on . Raise a query if any explanation here is unclear or out of date.
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