Midcap Smallcap
Broad-based mid and small-cap momentum. 40 names. Fortnightly rebalance.
Risk: High
Universe: NSE under ₹2,000
Benchmark: Nifty 50
Equity 100%
Screen the NSE Universe for stocks priced under ₹2,000. Apply the platform's momentum filter. Hold the top 40 equal-weighted. Rebalance every 2 weeks. The 5-year backtest produced a cumulative return of 634.43% against the Nifty 50's 66.10%, a Sharpe of 1.61, and a max drawdown of 26.17%. The diversified counter to concentrated alpha cards.
Net Return (5Y)
+634.43%
Nifty 50: +66.10%
Alpha vs Nifty 50
+568.34%
Cumulative outperformance
CAGR
+48.98%
Nifty 50: +10.68%
Performance, Risk, Efficiency (5Y rolling, after charges)
| Metric | Strategy | Nifty 50 |
|---|
| Performance |
| Cumulative Return | 634.43% | 66.10% |
| Annualised Return (CAGR) | 48.98% | 10.68% |
| Sharpe Ratio | 1.61 | 0.79 |
| Sortino Ratio | 1.47 | 0.76 |
| Calmar Ratio | 1.87 | 0.63 |
| Risk |
| Max Drawdown | -26.17% | -16.92% |
| Volatility (Annualised) | 27.09% | 14.03% |
| Best Week | +9.61% | +6.36% |
| Worst Week | -13.44% | -6.33% |
| Efficiency |
| Avg Win | +3.01% | +1.51% |
| Avg Loss | -3.11% | -1.56% |
Configuration
Strategy Universe
NSE Universe
Stocks Held
40 (equal-weight)
Cost Decomposition (5Y, after charges)
Gross Return
764.68%
Pre-cost
Estimated Cost
130.25%
Brokerage, STT, taxes
Net Return
634.43%
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) | 40 names equal-weighted
Holdings rotate every 2 weeks based on the NSE Universe momentum screen. Total portfolio value ₹61,758 on ₹71,000 invested capital. Last rebalance 27 April 2026. Next scheduled 11 May 2026.
Worst 5 Drawdown Periods
| Started | Recovered | Max Drawdown | Duration (days) |
|---|
| 2022-01-21 | 2022-08-19 | -18.12% | 210 |
| 2022-12-23 | 2023-05-19 | -17.78% | 147 |
| 2024-02-09 | 2024-03-29 | -12.18% | 49 |
| 2021-08-06 | 2021-09-03 | -11.47% | 28 |
| 2024-10-04 | 2024-10-04 | -7.33% | 0 (single-day) |
Key Insight
You will be right roughly two weeks out of every three, which is what powers the compounding even though the average loss (3.11 percent) is slightly larger than the average win (3.01 percent). Diversification across 40 names smooths the single-stock noise but does not save you from regime drawdowns. The two longest drawdown episodes ran 210 days and 147 days back-to-back through 2022 to mid-2023. Sit through those phases and the math still works. Sensible sizing for most retail allocators is a 15 to 30 percent satellite sleeve on a large-cap or multi-asset core.
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 764.68 percent minus Cost 130.25 percent equals 634.43 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.