---
title: "Portfolio Construction | Path 4 | RupeeCase Learn"
description: "Portfolio construction course: modern portfolio theory, position sizing, calendar and threshold rebalancing, performance measurement and risk management."
source_url: "https://www.rupeecase.com/learn/path-4/"
---

[RupeeCase Learn](/learn/)/Path 04/Advanced

# Portfolio Construction

    Master modern portfolio theory, position sizing, rebalancing, performance measurement, and risk management.

* **5**modules
* **46 min**of reading
* **30**question path test
* **Free**with a certificate

    [Start at 4.1](/learn/path-4/module-4-1-modern-portfolio-theory)See the stops

      01The line

## 5 stops, in order.

      How to size positions, when to rebalance, how to measure if the portfolio is actually working, and how to keep risk where you intended it.

      **0**of 5 done on this device

1. [4.5Risk Management for Systematic PortfoliosDrawdown, sizing, stop losses9 min, path test](/learn/path-4/module-4-5-risk-management)

2. [4.5Risk Management for Systematic PortfoliosDrawdown, sizing, stop losses9 min, path test](/learn/path-4/module-4-5-risk-management)

3. [4.5Risk Management for Systematic PortfoliosDrawdown, sizing, stop losses9 min, path test](/learn/path-4/module-4-5-risk-management)

4. [4.5Risk Management for Systematic PortfoliosDrawdown, sizing, stop losses9 min, path test](/learn/path-4/module-4-5-risk-management)

5. [4.5Risk Management for Systematic PortfoliosDrawdown, sizing, stop losses9 min, path test](/learn/path-4/module-4-5-risk-management)

    02Outcomes

## What you will be able to do.

* *01*Build an efficient frontier and understand diversification mathematically
* *02*Apply equal-weight, inverse-volatility, and Kelly position sizing
* *03*Design calendar, threshold, and tax-aware rebalancing rules
* *04*Measure portfolio performance with Sharpe, Sortino, and attribution

    03Certificate

## Pass the path test.
Keep the proof.

    Complete the 5 module quizzes, then take the 30 question path test at the end of Module 4.5. Pass to earn your certificate as a PNG with your name on it.

1. **3**Get the certificateYour name, the path, the date, an ID and a QR code to verify it; PNG or PDF
2. **3**Get the certificateYour name, the path, the date, an ID and a QR code to verify it; PNG or PDF
3. **3**Get the certificateYour name, the path, the date, an ID and a QR code to verify it; PNG or PDF

    [Jump to the path test](/learn/path-4/module-4-5-risk-management#pathTestSection)[About the certificates](/learn/certificates)

    04Questions

## About Path 04.

    What is portfolio construction?Portfolio construction is how you combine stocks into one portfolio: how much capital each position gets and when you rebalance. Path 4 covers modern portfolio theory, position sizing, rebalancing, performance measurement and risk management.

How do I choose between equal weight and other position sizing methods?Module 4.2, Position Sizing, compares equal weight, inverse volatility and the Kelly criterion. Weighting is one of the fixed rules a quantitative index sets in advance, alongside the rebalancing schedule covered in Module 4.3.

What rebalancing methods does Path 4 cover?Module 4.3 covers calendar, threshold, hybrid and tax-aware rebalancing. Module 4.4 then covers how to measure the result with Sharpe, Sortino, alpha and attribution.

    Explore next

## Where to go next.

* [CalculatorAsset allocation by risk profileFree, with the formula and a worked example](/learn/tools/asset-allocation-calculator)
* [CalculatorPosition size calculatorFree, with the formula and a worked example](/learn/tools/position-size-calculator)
* [Blog noteTwenty funds, one betPortfolio construction, a short note](/blog/2026-08-07-evening-twenty-funds-one-bet/)
* [Blog noteThe mix beats the pickPortfolio construction, a short note](/blog/2026-07-24-evening-mix-beats-the-pick/)
* [StrategyDynamic Asset Allocator strategyNifty Total Market plus debt and gold, 52 stocks, every 3 weeks](/strategies/dynamic-asset-allocator)
* [GlossaryInvesting glossary, 91 termsPlain word definitions](/learn/glossary)

      Community

## Join my WhatsApp group.

      Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me.

        [Sign up for RupeeCase](https://invest.rupeecase.com/signup)
        [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7)

      [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera

    [Next pathPath 05: Advanced Quant MethodsExpert, 5 modules, 43 min](/learn/path-5/)
    [Pillar guidePortfolio Construction11 modules across paths 4, 10](/learn/portfolio-construction)
    [Apply it on RupeeCaseAllcap Multi AssetMulti asset construction, equity, debt, gold. Model, back tested.](/strategies/allcap-multi-asset)

  Education only, not investment advice. RupeeCase is a technology platform operated by QC Alpha Technologies Pvt Ltd; it is not a fund, a PMS or a SEBI registered investment adviser. Model returns are back tested and not a promise of future returns. Figures carry the date they were checked.