Skip to main content Skip to main content
Jump to section
  1. Performance metrics
  2. Worst drawdowns
  3. Yearly returns
  4. Sector allocation
  5. Current holdings
  6. How it works
  7. Who this is for
  8. Why this strategy
  9. Key takeaways
  10. FAQ
  11. Downloads
  12. Related strategies
THEMATIC

Energy Basket

Thematic satellite. 10 stocks. Weekly rotation. CAGR 35.51%. Deepest drawdown on the lineup at 39.48%.

Updated 6 May 2026 Rebalances 1 week Next: 2026-05-04
CAGR
35.51%
Sharpe Ratio
1.15
Max Drawdown
-39.48%
Min Capital
₹76000

How It Works

  1. Step 1 | Universe Start from CNX Energy filtered to stocks priced under ₹20000.
  2. Step 2 | Rank Score every stock in the universe by a momentum composite (price trend over multiple lookbacks, risk-adjusted). The top names by score become the candidate list.
  3. Step 3 | Select Hold the top 10 names by score. Equal-weight across the book so no single name dominates.
  4. Step 4 | Rebalance Every 1 week the model re-runs end-to-end. Names that fall out of the top 10 are sold; new entrants are bought. You see the full holdings list at every rebalance.

Who This Is For

Suitable for
aggressive investors with a long horizon and tolerance for sharp drawdowns
Suggested allocation
5 to 15 percent of equity capital as a satellite sleeve
Time horizon
5 years or longer. Drawdowns of 39% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Capital required
₹76000 minimum. This buys roughly one share of every holding at current prices. Investing more buys fractions of additional units and tightens the model's expected behaviour.

Strategy Configuration

Universe
CNX Energy
Holdings
10 stocks
Rebalance
1 week
Risk Level
Very High
Benchmark
Nifty 50
Max Stock Price
₹20000
Live NAV | Backtested 2021 onwards

Energy Basket vs Nifty 50

Both indexed to 100 on inception. Hover for date-by-date NAV. Range chips to zoom; expand button for full window.

NAV indexed to 100 on inception (Jan 2021 or later). Backtested returns include realistic transaction costs. Past performance is not indicative of future results. Source: NSE BhavCopy.

Performance Metrics

Metric Energy Basket Nifty 50
CAGR 35.51% 10.44%
Cumulative Return 357.18% 64.36%
Sharpe Ratio 1.15 0.78
Max Drawdown -39.48% -16.92%
Volatility 30.57% 14.04%

Cost Decomposition

Gross Return
436.57%
Total Cost
79.39%
Net Return
357.18%

Worst 5 Drawdowns

Started Recovered Max DD Duration (days)
2022-04-15 2022-08-19 -25.23% 126
2022-09-16 2023-07-07 -24.20% 294
2021-06-18 2021-09-03 -13.40% 77
2024-02-23 2024-04-19 -12.56% 56
2022-01-21 2022-04-01 -11.01% 70

Yearly Returns

2021
+55.4%
2022
+18.0%
2023
+108.9%
2024
+16.1%
2025
-14.6%
2026
+20.3%

Sector allocation

2 sectors represented in the equity sleeve. Largest concentration: Power & Utilities at 70.0%. Equal-weighted at the stock level, so sector weights drift with which momentum names rank highest.

Power & Utilities 70.0%
Capital Goods 30.0%

Current Holdings

10 positions as of 2026-04-24 rebalance. Allocation percentages reflect equal-weighted sleeve at rebalance day; current values drift with price.

ADANIPOWER
10.0%
ADANIGREEN
10.0%
THERMAX
10.0%
ADANIENSOL
10.0%
GVT&D
10.0%
ABB
10.0%
JPPOWER
10.0%
BHEL
10.0%
RPOWER
10.0%
SUZLON
10.0%
Want live quantities, prices, and book values? View live in the platform →

Why This Strategy

This is the only thematic satellite card on the lineup. The strategy screens the CNX Energy (Nifty Energy) universe for the top 10 momentum-ranked stocks priced under 20000, holds them equal-weighted at roughly 10 percent each, and rotates every week.

That weekly rotation is the differentiator: this card captures momentum within the concentrated 10-stock energy universe at a cadence faster than any other card on the lineup.

The 5-year backtest produced a cumulative return of 357.18% against the Nifty 50's 64.36%. CAGR 35.51%. Sharpe 1.15.

The volatility is extreme. Annualised volatility 30.57%, the second-highest on the lineup. The deepest drawdown was 39.48%, the most severe of any card. Worst week 11.29%, also the deepest weekly loss on the lineup.

What you get for sitting through that: best week 12.06%, the highest best-week of any card. 2026 YTD through April is +20.3%, the strongest single-window performance on the lineup. 65% versus average loss of 3.04% creates asymmetric upside.

2025 closed at minus 14.6%, the deepest 2025 drawdown on the lineup.

This is not a core sleeve. The cost is 18.2% of gross over 5 years, the highest on the lineup, because weekly rebalancing on 10 stocks means roughly 4x the trade frequency of the 4-week cards. Sized as a 5 to 15 percent satellite for an investor who already has a diversified core elsewhere, can tolerate 40% paper losses, and wants concentrated exposure to India's energy and power capex cycle.

CAGR 35.51% versus Nifty's 10.44%. Sharpe 1.15. Sortino 1.22. Calmar 0.90. Max drawdown 39.48%. Volatility 30.57%. Best week 12.06%. Worst week 11.29%.

Key Takeaways

Frequently Asked Questions

What is the Energy Basket strategy?
Thematic satellite. 10 stocks. Weekly rotation. CAGR 35.51%. Deepest drawdown on the lineup at 39.48%. It selects the top 10 momentum names from CNX Energy and rebalances every 1 week.
What is the minimum investment for Energy Basket?
₹76000. This is enough to hold one share of every name in the current book at present prices. Higher allocations tighten the equal-weight match.
How does Energy Basket compare to the Nifty 50?
Over the 5-year backtest, Energy Basket produced 35.51% CAGR versus Nifty 50's 10.44%. Sharpe ratio 1.15 versus the benchmark's 0.78. Past performance does not guarantee future returns.
What is the worst drawdown Energy Basket has experienced?
39.48% peak-to-trough in the 5-year backtest. The deepest period ran 126 days from 2022-04-15 to 2022-08-19. Drawdowns of similar magnitude can happen again. Position sizing should reflect this.
What are the fees on Energy Basket?
0.2% on traded value per rebalance. No subscription, no AUM fee, no performance fee. With 1 week cadence and typical 30 to 50 percent turnover, annual platform fees on the minimum capital work out to under ₹500. See the pricing page for the full worked example.
Can I exit Energy Basket at any time?
Yes. No lock-in. Holdings sit in your own broker demat account and you can sell any name on any market day. Switching strategies or pausing the rebalance is a one-click action on the platform.
Last Rebalance 2026-04-24
Next Rebalance 2026-05-04

Documents

Last rebalance | 2026-04-24

Full history →

vs 2026-04-17 cycle · 3 added · 3 removed · 10 retained

Added (3)
BHELRPOWERSUZLON
Removed (3)
NTPCOILPOWERGRID

Get notified when Energy Basket rebalances

Free email alert on the morning of every rebalance with the IN / OUT names and rationale. Unsubscribe with one click.

Walk the risk band

Energy Basket sits in the Very High bucket. Take one step in either direction:

Compare Energy Basket with

2 pre-built head-to-head comparisons with metrics, holdings overlap, and trade-off summary.

Learn the mechanics behind Energy Basket

4 modules from the RupeeCase Learn library cover the concepts inside this strategy. Free, no sign-up.

Hear it on The Tanmay Edge

India's pre-market edge. Daily institutional positioning, options flows, and the levels that matter. Free, on every major podcast platform.

All 28+ episodes →

Phase 49B Compare Energy Basket side-by-side Match returns, drawdowns and overlap against any other strategy in the lineup.
Disclaimer: Past performance is not indicative of future returns. All returns shown are from backtests conducted by RupeeCase from 2021-04-23. Actual traded returns may differ. Systematic strategies are subject to market risk, and capital can be lost. Investors should conduct their own research and consult a financial advisor before investing.
Learn the mechanics

3 modules to read before you commit capital.

Each strategy has rules. These are the rules. Free, hand-written, and applicable to other systematic strategies too.

Browse all 70 modules →
Newsletter

What's working, what isn't.

Strategy launches, monthly performance notes, and podcast calls that printed. Two or three emails a month. Built for people who actually read them.

By subscribing you agree to our Privacy Policy. RupeeCase is not a SEBI registered Investment Adviser. Nothing in the newsletter is personalised investment advice.

Built on India's regulated market infrastructure
NSE
Order routing
BSE
Backup venue
SEBI
Markets regulator
NISM
Certified author
RupeeCase is brought to you by Tanmay Kurtkoti.