Midcap
Focused mid-cap momentum. 20 stocks from the Nifty Midcap 150. Fortnightly rebalance.
Risk: High
Universe: Nifty Midcap 150
Benchmark: Nifty 50
Equity 100%
Screen the Nifty Midcap 150 for momentum, hold the top 20 equal-weighted, rebalance every 2 weeks. The 5-year backtest produced 461.82% cumulative return against the Nifty 50's 64.36%, CAGR 41.21%, Sharpe 1.48, max drawdown 24.87%. Sits between Alpha 5's concentration and Mid-Smallcap's breadth. Pure mid-cap momentum without large-cap dilution or small-cap regime risk.
Net Return (5Y)
+461.82%
Nifty 50: +64.36%
Alpha vs Nifty 50
+397.46%
Cumulative outperformance
CAGR
+41.21%
Nifty 50: +10.44%
Performance, Risk, Efficiency (5Y rolling)
| Metric | Strategy | Nifty 50 |
|---|
| Performance |
| Cumulative Return | 461.82% | 64.36% |
| CAGR | 41.21% | 10.44% |
| Sharpe Ratio | 1.48 | 0.78 |
| Sortino Ratio | 1.46 | 0.75 |
| Calmar Ratio | 1.66 | 0.62 |
| Risk |
| Max Drawdown | -24.87% | -16.92% |
| Volatility (Annualised) | 25.44% | 14.04% |
| Best Week | +9.45% | +6.36% |
| Worst Week | -10.41% | -6.33% |
| Efficiency |
| Avg Win | +2.92% | +1.51% |
| Avg Loss | -2.69% | -1.56% |
Configuration
Cost Decomposition
Gross Return
529.86%
Pre-cost
Estimated Cost
68.04%
Brokerage, STT, taxes
Net Return
461.82%
What investors realise
Year by Year Performance
Monthly Returns Heatmap (5Y)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|
Current Holdings (post 27 April 2026 rebalance) | 20 names equal-weighted
Worst 5 Drawdown Periods
| Started | Recovered | Max Drawdown | Duration (days) |
|---|
| 2024-12-20 | 2025-11-07 | -24.87% | 322 |
| 2022-04-15 | 2022-09-02 | -18.50% | 140 |
| 2023-01-06 | 2023-06-02 | -15.53% | 147 |
| 2021-10-22 | 2021-12-24 | -12.17% | 63 |
| 2022-01-21 | 2022-03-25 | -11.36% | 63 |
Key Insight
The mid-cap focused card sits between Alpha 5 (5 stocks, 31 percent vol) and Mid-Smallcap (40 stocks, broader exposure). The 20-stock equal-weight structure on the Nifty Midcap 150 produces the intermediate volatility profile of 25.44 percent and a Sharpe of 1.48. Lower Sharpe than the 50-stock cards because the Midcap 150 universe is narrower and you cannot diversify away the regime drawdowns. The 322-day drawdown from Dec 2024 through Nov 2025 is the lived experience of mid-cap regime risk on this card.
Private and Confidential. Backtest results are 5-year rolling on the platform's standard methodology with all estimated charges (brokerage, STT, taxes) deducted. Net return is computed as Gross 529.86 percent minus Cost 68.04 percent equals 461.82 percent. Past performance is not indicative of future results. RupeeCase platform fee is 0.2 percent on traded value, charged only when trades execute. No subscription, no AUM fee. Markets-linked products carry market risk including loss of principal. Read all scheme-related documents at invest.rupeecase.com/disclaimers before investing. This factsheet is for information only and does not constitute investment advice.