HDFC Bank (HDFCBANK)
In the Nifty 50 universe, not currently in the RupeeCase Allcap top 10. NSE ticker HDFCBANK, sector Financial Services, industry Private Sector Bank.
See current holdings Rebalance historyWhere HDFC Bank sits in the RupeeCase Allcap model
HDFC Bank is part of the Nifty 50 universe but has not cleared the RupeeCase Allcap top 10 during the tracked period. The screen requires both absolute momentum and cross-sectional rank, so a stock can be technically strong and still miss the cutoff if ten peer names score better.
Financial services makes up roughly a third of the Nifty 50 by weight, so momentum rankings here tend to dominate the RupeeCase Allcap book whenever credit growth and deposit franchises are expanding together. When the screen over-exposes to banks and NBFCs, the volatility-scaled sizing pulls individual weights back.
Rebalance history
No rebalance events on record. This name has not yet cleared the top 10 momentum cutoff during the tracked period.
How the selection works
The RupeeCase Allcap strategy picks ten stocks from the Nifty 50 on a fortnightly cadence. Selection is driven by a composite of price momentum (6 and 12 month), earnings revisions, and balance sheet quality. Position sizes are set inversely to 90 day volatility. If a stock falls out of the top decile of the composite, it is removed at the next cycle and replaced by the highest ranked name currently outside the book.
Because the screen is rules based, the fundamentals of HDFC Bank do not override the score. The book will hold this name only when the composite puts it in the top 10 on the rebalance date.