EQUITY

Large Midcap

40 stocks. Nifty LargeMidCap 250. Fortnightly rotation. CAGR 40.85%. Sharpe 1.71.

Updated 6 May 2026 Rebalances 2 weeks Next: 2026-05-11

CAGR

40.85%

Sharpe Ratio

1.71

Max Drawdown

-19.30%

Min Capital

₹187000

How It Works

Step 1 | Universe Start from Nifty LargeMidCap 250 filtered to stocks priced under ₹5000.
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.
Step 3 | Select Hold the top 40 names by score. Equal-weight across the book so no single name dominates.
Step 4 | Rebalance Every 2 weeks the model re-runs end-to-end. Names that fall out of the top 40 are sold; new entrants are bought. You see the full holdings list at every rebalance.

Who This Is For

Suitable for

investors who want growth but read a 25 percent drawdown as opportunity not panic

Suggested allocation

20 to 40 percent of equity capital

Time horizon

5 years or longer. Drawdowns of 19% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.

Capital required

₹187000 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

Nifty LargeMidCap 250

Holdings

40 stocks

Rebalance

2 weeks

Risk Level

Moderately High

Benchmark

Nifty 50

Max Stock Price

₹5000

Live NAV | Backtested 2021 onwards

Large Midcap 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	Large Midcap	Nifty 50
CAGR	40.85%	10.44%
Cumulative Return	454.71%	64.36%
Sharpe Ratio	1.71	0.78
Max Drawdown	-19.30%	-16.92%
Volatility	21.41%	14.04%

Cost Decomposition

Gross Return

521.93%

Total Cost

67.22%

Net Return

454.71%

Worst 5 Drawdowns

Started	Recovered	Max DD	Duration (days)
2024-09-27	2025-10-10	-19.30%	378
2022-04-15	2022-08-05	-16.52%	112
2022-12-23	2023-06-02	-14.46%	161
2026-03-06	2026-04-10	-10.82%	35
2021-10-22	2021-12-24	-9.17%	63

Yearly Returns

2021

+38.0%

2022

+45.3%

2023

+66.7%

2024

+44.7%

2025

+7.5%

2026

+6.7%

Sector allocation

8 sectors represented in the equity sleeve. Largest concentration: Banking & Financial at 30.0%. Equal-weighted at the stock level, so sector weights drift with which momentum names rank highest.

Banking & Financial 30.0%

Power & Utilities 22.5%

Metals & Mining 20.0%

Capital Goods 10.0%

FMCG & Consumer 7.5%

Pharma & Healthcare 5.0%

Auto & Components 2.5%

Realty & Construction 2.5%

Current Holdings

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

ADANIPOWER

2.5%

LLOYDSME

2.5%

NATIONALUM

2.5%

THERMAX

2.5%

ADANIENSOL

2.5%

MCX

2.5%

GVT&D

2.5%

VEDL

2.5%

PREMIERENE

2.5%

BSE

2.5%

MAHABANK

2.5%

HINDALCO

2.5%

DMART

2.5%

BHARATFORG

2.5%

SAIL

2.5%

AUROPHARMA

2.5%

SHRIRAMFIN

2.5%

LAURUSLABS

2.5%

PFC

2.5%

FEDERALBNK

2.5%

TATASTEEL

2.5%

JINDALSTEL

2.5%

NLCINDIA

2.5%

UNIONBANK

2.5%

TITAN

2.5%

INDIANB

2.5%

ADANIGREEN

2.5%

BHEL

2.5%

SUZLON

2.5%

NIACL

2.5%

NTPCGREEN

2.5%

SIEMENS

2.5%

OBEROIRLTY

2.5%

HINDZINC

2.5%

NAM-INDIA

2.5%

CGPOWER

2.5%

AUBANK

2.5%

NMDC

2.5%

TATAINVEST

2.5%

RADICO

2.5%

Want live quantities, prices, and book values? View live in the platform →

Why This Strategy

Highest Sharpe of any pure-equity card after Allcap at 1.71. 40 stocks from the Nifty LargeMidCap 250 universe, equal-weighted, rotated every 2 weeks.

The 5-year backtest produced a cumulative return of 454.71% against the Nifty 50's 64.36%. CAGR 40.85%. Max drawdown 19.30% is the shallowest of any pure-equity card on the lineup. 2025 closed at +7.5%, second only to Midcap (+5.7%) and the multi-asset twin (+10.1%) among defensive outcomes.

The 6.27 percentage points of CAGR you give up versus Alpha 5 (40.85 vs 58.34) buys you a 5.42 percentage point shallower drawdown, half the volatility, and 40 names of diversification instead of 5.

This is not the highest CAGR card on the lineup. It is the cleanest pure-equity card on a quality-tilted universe. For an investor who wants pure-equity momentum exposure but does not want the cap-curve risk of Mid-Smallcap or Microcap, the LargeMidCap 250 universe is the answer.

CAGR 40.85% versus Nifty's 10.44%. Sharpe 1.71. Max drawdown 19.30%. Min 187000.

Key Takeaways

Best risk-adjusted pure-equity card with Sharpe 1.71
Shallowest max drawdown of pure-equity strategies at -19.30%
CAGR 40.85% from 40-stock large-midcap universe
2025 positive at +7.5%

Frequently Asked Questions

What is the Large Midcap strategy?

40 stocks. Nifty LargeMidCap 250. Fortnightly rotation. CAGR 40.85%. Sharpe 1.71. It selects the top 40 momentum names from Nifty LargeMidCap 250 and rebalances every 2 weeks.

What is the minimum investment for Large Midcap?

₹187000. 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 Large Midcap compare to the Nifty 50?

Over the 5-year backtest, Large Midcap produced 40.85% CAGR versus Nifty 50's 10.44%. Sharpe ratio 1.71 versus the benchmark's 0.78. Past performance does not guarantee future returns.

What is the worst drawdown Large Midcap has experienced?

19.30% peak-to-trough in the 5-year backtest. The deepest period ran 378 days from 2024-09-27 to 2025-10-10. Drawdowns of similar magnitude can happen again. Position sizing should reflect this.

What are the fees on Large Midcap?

0.2% on traded value per rebalance. No subscription, no AUM fee, no performance fee. With 2 weeks 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 Large Midcap 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 2026-05-11

Documents

Download Factsheet Rebalance History CSV

Last rebalance | 2026-04-24

Full history →

vs 2026-04-10 cycle · 13 added · 6 removed · 41 retained

Added (13)

ADANIGREENBHELSUZLONNIACLNTPCGREENSIEMENSOBEROIRLTYHINDZINCNAM-INDIAAUBANKNMDCTATAINVESTRADICO

Removed (6)

ASTRALAJANTPHARMIPCALABSUNPHARMATATAPOWERIDEA

Get notified when Large Midcap 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

Large Midcap sits in the Moderately High bucket. Take one step in either direction:

One step safer (Moderate)

Allcap Multi Asset

CAGR 43.6% · Sharpe 1.79 · Max DD 21.4%

One step bolder (High)

Midcap Smallcap

CAGR 49.0% · Sharpe 1.61 · Max DD 26.2%

Compare Large Midcap with

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

Midcap Smallcap

CAGR 49.0% · Sharpe 1.61

Midcap

CAGR 41.2% · Sharpe 1.48

Learn the mechanics behind Large Midcap

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

Momentum factor | the engine behind these strategies How backtesting works | reading the 5Y numbers honestly Risk metrics that matter | Sharpe, Sortino, max DD Rebalancing strategies | why cadence matters

Hear it on The Tanmay Edge

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Phase 49B Compare Large Midcap 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