--- title: "Learn Systematic Investing: Quantitative Indices | RupeeCase" description: "Free course on systematic investing in India. Learn how a quantitative index picks stocks by fixed rules and how factors work. 11 paths live, 70 modules." source_url: "https://www.rupeecase.com/learn/" --- RupeeCase Learn, free # Stop guessing. Start with evidence. The full curriculum for systematic investing in Indian markets, from NSE and BSE basics to factor investing. Written from Indian data, free for everyone. * **11**paths live now * **70**modules published * **11 hours**of reading, 669 min, free [Start with module 1.1](/learn/path-1/module-1-1-how-indian-stock-markets-work) Search 70 modules 01Written by a practitioner ## No US theory rephrased. Just evidence, Indian data, and what actually works. **17+**years of systematic trading behind every module. Written by Tanmay Kurtkoti from NSE, BSE, SEBI and RBI sources. 02Not sure where to start? ## Pick your door. [I'm completely newModule 1.1, How Indian Stock Markets Work](/learn/path-1/module-1-1-how-indian-stock-markets-work) [I know equities, teach me the productsPath 6, Indian Financial Products, 9 modules](/learn/path-6/module-6-1-equity-shares-structure-rights-corporate-actions) [I want to build strategiesPath 2, Systematic Investing Fundamentals, then Path 3](/learn/path-2/) [Continue where you left off](/learn/) 03Start here ## Three questions. One path to start. Answer and the right first path appears, with its first module. Nothing is stored. Pick an answer to each question. 04Search ## Find any module. Loading the module index Show all [Calculators and tools25 calculators with formulas, plus one inside every module](/learn/tools)[Glossary91 terms in plain words](/learn/glossary)[CertificatesOne per path, plus a master certificate](/learn/certificates) 05The curriculum ## 11 paths. 70 modules. Each path is a line and each module a stop. Tap a line to ride it. Every path ends with a test of 24 to 31 questions; pass 70 percent to earn your certificate. 1. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 2. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 3. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 4. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 5. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 6. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 7. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 8. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 9. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 10. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min 11. 11Tax and Regulatory FrameworkIntermediate, 6 modules, 55 min Path 01Beginner ### Market Foundations 5 modules, 60 min 1. [1.5Orders, Costs & Taxation](/learn/path-1/module-1-5-orders-costs-taxation) 2. [1.5Orders, Costs & Taxation](/learn/path-1/module-1-5-orders-costs-taxation) 3. [1.5Orders, Costs & Taxation](/learn/path-1/module-1-5-orders-costs-taxation) 4. [1.5Orders, Costs & Taxation](/learn/path-1/module-1-5-orders-costs-taxation) 5. [1.5Orders, Costs & Taxation](/learn/path-1/module-1-5-orders-costs-taxation) [Start path 01](/learn/path-1/) 06My learning ## Where you are. Kept in this browser only. Pass a module quiz and it shows here. * **0**of 70 module quizzes passed * **0**of 11 certificates earned * **0**days in a row [ContinueStart with module 1.1, How Indian Stock Markets Work](/learn/path-1/module-1-1-how-indian-stock-markets-work) 1. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 2. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 3. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 4. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 5. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 6. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 7. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 8. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 9. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 10. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) 11. [11Tax and Regulatory Framework0 of 6](/learn/path-11/) [Certificates and the master certificate](/learn/certificates) 07Certificate ## Pass the test. Keep the proof. Every path ends with a test drawn from all of its modules. Pass it to earn your certificate. Every module reads well on a phone, with no signup wall. **10**minutes a day finishes a full path in under a week: the longest path is 91 minutes of reading [Start path 01](/learn/path-1/)Search 70 modules 08Featured module ## How Indian stock markets work. 1. **03**India's retail boomRegistered demat accounts, 2019 to 2024. 2. **03**India's retail boomRegistered demat accounts, 2019 to 2024. 3. **03**India's retail boomRegistered demat accounts, 2019 to 2024. [Read module 1.1](/learn/path-1/module-1-1-how-indian-stock-markets-work) Before you invest a single rupee, understand the plumbing. **₹400L Cr+**Total market cap of Indian listed companies (2024), larger than Germany's entire GDP **14%+**Nifty 500 annual compounding over 20 years vs 6 to 7% in FDs NSEEst. 1992 Main indexNifty 50Equity volume share~90%Companies listed2,200+ BSEEst. 1875 Main indexSensex 30Asia's oldest149 yearsCompanies listed5,000+ Your order to your demat, in one trading day. 1. T+1, next trading day 2. T+1, next trading day 3. T+1, next trading day 4. T+1, next trading day 5. T+1, next trading day 6. T+1, next trading day 7. T+1, next trading day 8. T+1, next trading day The ownership record sits with NSDL or CDSL, not with your broker. Your broker is just a gateway. Registered demat accounts, 4.8x in five years. **2.8**2019 **4.0**2020 **7.4**2021 **10**2022 **11.5**2023 **13.5+**2024 Crore accounts. Read the full module for NSE and BSE, SEBI, T+1, demat and who participates. 09Pillar guides ## Five themes, if you prefer them to paths. ←→ [Paths 1, 6Indian Markets14 modules](/learn/indian-markets) [Paths 2, 3, 5Systematic Investing18 modules](/learn/systematic-investing) [Paths 4, 10Portfolio Construction11 modules](/learn/portfolio-construction) [Paths 8, 9Behaviour and Business13 modules](/learn/behaviour-and-business) [Paths 7, 11Macro, Tax, Regulation14 modules](/learn/macro-tax-regulation) 10Questions ## The free course, answered. What is a quantitative index?A quantitative index picks and weights its stocks by fixed rules written in advance, such as momentum or quality, instead of by company size. An algorithm applies the rules and rebalances on a set schedule, so nobody decides by feel. See the RupeeCase indices. What is factor investing?Factor investing picks stocks by a measurable trait that has historically been linked to higher returns, such as momentum, value, quality, low volatility or size. Path 2 introduces the factors and Path 3 gives each one a deep dive with Indian evidence. Is systematic investing suitable for beginners?Yes. Path 1 starts from scratch: what you own when you buy a share, how NSE and BSE work and how to read financial statements. Every path is self-contained, so you can skip ahead if you already know the basics. Is the course free?Yes. All 11 learning paths (70 modules) are free, with no paywall, no trial period and no credit card. You can read every module and take every quiz without a RupeeCase account. Do I get a certificate?Yes. Complete every module in a learning path and pass its 30-question path test to download a RupeeCase certificate as a PDF. Each module also ends with a short quiz, and quizzes can be retaken. Explore next ## Where to go next. * [GuidesInvesting guides for NSE and BSE investorsIndex basics, portfolio mix, tax, fees, crashes](/guides/) * [BlogSystematic investing notesShort notes built on worked Indian market figures](/blog/) * [StrategiesAll 18 RupeeCase strategiesRules, model back tests and minimums](/strategies/) Free, with a certificate ## Ten minutes a day. A path in a week. [Start with module 1.1](/learn/path-1/module-1-1-how-indian-stock-markets-work) [The podcast archive](/podcast/) Education only, not investment advice. RupeeCase is not a SEBI registered investment adviser. Community ## Join my WhatsApp group. Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me. [Sign up for RupeeCase](https://invest.rupeecase.com/signup) [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7) [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera