Momentum, Nifty Alpha 50
5Paisa Focused Alpha 5 momentum strategy
Five stocks, three-week rotation. The most concentrated card on the lineup.
Written for aggressive investors with a long horizon and tolerance for sharp drawdowns.
Very High risk band
01At a glance
5Paisa Focused Alpha 5 in four numbers.
- CAGR
- 54.08%Model, back tested
- Max drawdown
- −24.18%Model, back tested
- Minimum investment
- ₹22KAbout ₹22,000
- Fee per rebalance
- 0.2%Of traded value, nothing else
150
200
300
500
700
₹100 in the model in May 2021 became ₹968 by Jul 2026; the Nifty 50 TRI line reached ₹162. Model, back tested. As of 27 Apr 2026. After charges, log scale. Not a promise of future returns.
02Three steps
Compare. Validate. Invest.
Compare
Line 5Paisa Focused Alpha 5 up against the other 17 strategies, and against funds, PMS and AIF.
Compare strategiesValidate the back test
Every year, month, fall, holding and rebalance is in the factsheet below.
Open the factsheetInvest
Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money.
Invest in 5Paisa Focused Alpha 5
03Factsheet
5Paisa Focused Alpha 5 factsheet
Every figure behind the four numbers, in seven parts. Return figures are model, back tested and after charges; each block names its date.
Performance
Calendar year returns
- 2021from May+10.9%
- 2022+77.5%
- 2023+93.7%
- 2024+105.2%
- 2025−1.7%
- 2026to May+22.6%
Model, back tested, after charges, 2021 to May 2026. Not a promise of future returns.
What an amount would have become
- You put in
- ₹22,000
- Model value
- Gain
Model, back tested: the published monthly model returns after charges, May 2021 to May 2026 (61 months). A back test, not a promise of future returns.
Stress test: drag through the falls
Move across the record to read how far the model sat below its last peak, and how long it took to climb back.
MonthFeb 2025
Below the last peak−23.7%
Back to the peak
Model value, log scaleBelow the last peak
Deepest falls, daily record
Model, back tested. As of 27 Apr 2026. The scrub reads month end model values from May 2021 to Jul 2026, so its falls read shallower than the daily figures on the buttons; days are counted between month ends. Drawdowns of similar size can happen again. Very High risk band.
Monthly returns
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | Janno data | Febno data | Marno data | Aprno data | May−2.5 | Jun4.2 | Jul5.9 | Aug−1.7 | Sep−1.8 | Oct1.5 | Nov−3.2 | Dec8.7 | Year+10.9% |
| 2022 | Jan9.4 | Feb−7.5 | Mar8.9 | Apr8.2 | May−3.2 | Jun−6.1 | Jul18.7 | Aug8.8 | Sep−3.1 | Oct11.6 | Nov9.0 | Dec7.5 | Year+77.5% |
| 2023 | Jan−14.1 | Feb1.6 | Mar6.3 | Apr4.5 | May−0.5 | Jun11.9 | Jul9.4 | Aug13.5 | Sep16.8 | Oct1.5 | Nov17.6 | Dec3.7 | Year+93.7% |
| 2024 | Jan8.6 | Feb10.6 | Mar11.2 | Apr13.8 | May8.3 | Jun3.5 | Jul−3.3 | Aug1.7 | Sep2.1 | Oct4.8 | Nov3.3 | Dec10.9 | Year+105.2% |
| 2025 | Jan−14.1 | Feb−11.2 | Mar8.5 | Apr8.0 | May14.0 | Jun4.5 | Jul−11.1 | Aug−2.1 | Sep−1.7 | Oct3.6 | Nov−0.6 | Dec4.9 | Year−1.7% |
| 2026 | Jan11.7 | Feb3.3 | Mar−11.4 | Apr18.9 | May0.8 | Junno data | Julno data | Augno data | Sepno data | Octno data | Novno data | Decno data | Year to date+22.6% |
Model, back tested, after charges. Each cell is one calendar month, in percent. Not a promise of future returns.
Rolling returns
Any 1 year
- Worst
- −1.6%
- Median
- +48.9%
- Best
- +230.6%
- Positive
- 98%of 51 windows
Return over each 12 month window.
Any 3 years
- Worst
- +57.6%
- Median
- +74.2%
- Best
- +91.8%
- Positive
- 100%of 27 windows
CAGR over each 36 month window.
Model, back tested, from the month end model values, May 2021 to Jul 2026. Not a promise of future returns.
Deepest falls
- −24.18%3 Jan 2025 to 23 May 2025140 days
- −16.30%13 Feb 2026 to 10 Apr 202656 days
- −16.10%22 Apr 2022 to 22 Jul 202291 days
- −14.96%4 Jul 2025 to 26 Dec 2025175 days
- −14.40%13 Jan 2023 to 28 Apr 2023105 days
Model, back tested, daily record over rolling 5 years: from the peak to the low, and the days until the record was back at that peak.
Holdings and sectors
5 holdings
- Equity96%
- ADANIPOWER19.9%
- HINDCOPPER19.9%
- MCX19.6%
- NATIONALUM19.3%
- GVT&D17.3%
Live quantities, prices and book values are in the app
Weights on the rebalance day, 27 Apr 2026; they drift with prices until the next rebalance. Model portfolio, not a recommendation to buy or sell any stock.
Sector allocation
- Metals & Mining40.8%
- Power & Utilities20.7%
- Banking & Financial20.4%
- Capital Goods18.0%
4 sectors in the equity sleeve; the largest mapped sector is Metals & Mining at 40.8%. All 5 names sit in metals, power, and exchanges complex. Adani Power, National Aluminium, Hindustan Copper, MCX, GVT&D. Heavy commodity and capex tilt at this snapshot. Sector map curated against NSE listings.
Sector weight by year
| Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now |
|---|---|---|---|---|---|---|---|
| Metals & Mining | 15 | 3 | 2 | 19 | 4 | 43 | 40 |
| Banking & Financial | 18 | 16 | 24 | 19 | 17 | 20 | 20 |
| Capital Goods | 0 | 2 | 14 | 22 | 9 | 11 | 20 |
| Power & Utilities | 5 | 10 | 7 | 1 | 3 | 5 | 20 |
| Other, not yet mapped | 46 | 67 | 53 | 39 | 63 | 12 | out |
| FMCG & Consumer | 11 | 2 | 0 | 0 | 0 | 0 | out |
| Pharma & Healthcare | 5 | 0 | 0 | 0 | 3 | 0 | out |
| Auto & Components | 0 | 0 | 0 | 0 | 1 | 9 | out |
88 published rebalances, 8 sectors touched, 4 held on the latest list (27 Apr 2026). Each cell is the average weight that year, equal weighted at the stock level; darker is a higher weight.
Rebalances
The rebalance record
- published rebalances
- 88
- first in the record
- 14 May 2021
- about 17 a year
- Every 3 weeks
- latest published
- 27 Apr 2026
Rebalances run on a fixed calendar; you approve each one before your broker places the orders.
Latest rebalance, 27 Apr 2026
Against the list of 24 Apr 2026: 0 in, 1 out, 5 held, 5 on the list.
Out
- VEDL
Held
- ADANIPOWER
- NATIONALUM
- HINDCOPPER
- MCX
- GVT&D
Model portfolio, back tested rebalance record. Entered plus held is that date's list size, which can differ from the 5 stock target. Tickers are not recommendations.
Recent rebalances
| Date | On the list | In | Out |
|---|---|---|---|
| 27 Apr 2026 | 5 | 0 | −1 |
| 24 Apr 2026 | 6 | +1 | −1 |
| 3 Apr 2026 | 6 | +1 | −2 |
| 13 Mar 2026 | 7 | +1 | −2 |
| 20 Feb 2026 | 8 | +3 | −1 |
| 30 Jan 2026 | 6 | +1 | −2 |
| 9 Jan 2026 | 7 | +1 | −2 |
| 19 Dec 2025 | 8 | +2 | −3 |
| 28 Nov 2025 | 9 | +3 | −1 |
| 7 Nov 2025 | 7 | +2 | −2 |
| 17 Oct 2025 | 7 | +1 | −3 |
| 26 Sep 2025 | 9 | +4 | −1 |
Every rebalance with its namesRebalance history, CSV
Names on the list, names in and names out at each date; the history page and the CSV have every name.
Sector shifts of 10 points or more
- Metals & Mining −10 pts
- Auto & Components −17 pts, Power & Utilities +17 pts
- Other, not yet mapped −29 pts, Banking & Financial +17 pts
- Banking & Financial −25 pts, Auto & Components +14 pts
- Other, not yet mapped +25 pts, Auto & Components −17 pts, Metals & Mining −12 pts
- Other, not yet mapped −29 pts, Metals & Mining +21 pts
62 such shifts in 88 rebalances; the latest six. Equity sleeve, equal weighted at the stock level.
Get the next rebalance by email
Risk metrics
5Paisa Focused Alpha 5 against the Nifty 50
| Metric | 5Paisa Focused Alpha 5 | Nifty 50 |
|---|---|---|
| Sharpe ratio | 1.60 | 0.73 |
| Sortino ratio | 1.65 | 0.70 |
| Calmar ratio | 2.34 | 0.58 |
| Volatility, a year | 31.06% | 14.04% |
| Max drawdown | −24.18% | −16.92% |
| Best week | +15.26% | +6.36% |
| Worst week | −10.30% | −6.33% |
| Weeks up | 62.45% | 57.47% |
| Average up week | +3.50% | +1.49% |
| Average down week | −3.28% | −1.57% |
Model, back tested, after charges. Weekly figures over the rolling 5 years window to 27 Apr 2026; the Nifty 50 over the same window. Not a promise of future returns.
Risk band
Very High on a scale from Low to Very High
- Deepest model fall
- −24.18%
- Time horizon
- 5 years or longer. Drawdowns of 24% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Walk the risk band
One step safer (High)MidcapCAGR 38.8%, Sharpe 1.49, max drawdown −24.9%
Already at the bold end of the lineup.
CAGR, Sharpe and max drawdown on the cards: Model, back tested. As of 27 Apr 2026. Take the risk profile to see which bands sit within yours.
Methodology
How it works
- 1Universe
Start from the Nifty Alpha 50, filtered to stocks priced under ₹10,000.
- 2Rank
Score every stock in the universe by a momentum composite: price trend over several look backs, risk adjusted. The top names by score become the candidate list.
- 3Select
Hold the top 5 names by score, equal weighted so no single name dominates.
- 4Rebalance
Every 3 weeks the model runs again end to end. Names that fall out of the top 5 are sold; new entrants are bought. The full list is published at every rebalance.
Configuration
- Universe
- Nifty Alpha 50
- Type
- Momentum
- Sleeves
- Equity 100
- Holdings
- 5, equal weight
- Rebalance
- Every 3 weeks, about 17 a year
- Max stock price
- ₹10,000
- Risk band
- Very High
- Benchmark
- Nifty 50; charts draw the Nifty 50 TRI as a CAGR line
- Minimum capital
- About ₹22,000
- Back test from
- 7 May 2021
- Metrics window
- Rolling 5 years
- Prices
- NSE BhavCopy; the back test deducts brokerage, STT, exchange charges and GST
Why 5Paisa Focused Alpha 5
Most diversified portfolios water down their best ideas. This card goes the other way. It runs the Nifty Alpha 50 (the 50 stocks in the broader Nifty universe with the highest alpha vs Nifty 500 over the trailing year) through a momentum filter and holds only the top 5 names. Every three weeks the screen re-runs and the portfolio rotates into whatever the model says is the strongest set of bets for the next cycle.
Concentration is the whole design. Five names means every position pulls real weight. A right call moves the portfolio instead of drowning among fifty others, and a stale one gets rotated out at the next screen. Nothing on this card hides.
The portfolio swings hard. Five stocks cannot smooth each other the way fifty can, so weekly moves run well past what an index investor is used to, in both directions. Drawdowns on this card cut deeper than the Nifty 50's. If you cannot watch a meaningful slice of your stake disappear on paper and stay invested, this is the wrong card on the lineup.
What you get for sitting through the swings is asymmetry. Momentum concentrated into its strongest expressions tends to win bigger than it loses, and that gap is what compounds. The card does not try to be right every week. It tries to be positioned where being right pays the most.
The card buys only stocks priced under 10000. It rebalances every 3 weeks regardless of regime. It holds 5 names equal-weight. No fixed-income buffer. No gold sleeve. No defensive overlay. Pure momentum on a momentum-pre-screened universe.
The three-week cadence keeps the portfolio pointed at whatever the screen currently rates strongest, and the roster turns over as regimes shift. The card does not have favourite stocks. It has a favourite signal.
This is not a starter portfolio. If this is your first systematic card, start with Nifty 50 Equal Weight and graduate to this one once you have lived through a real drawdown on a less aggressive product. This is also not a tax-friendly card if you trade it in a non-registered account. Three-week rebalances on 5 names mean churn, and churn means short-term capital gains.
Key takeaways
- The most concentrated card on the lineup: 5 names, nothing else
- Momentum squared: top 5 picks from an already momentum-screened index
- Three-week rotation keeps the portfolio pointed at the strongest signal
- The trade-off: five-stock concentration swings hard in both directions
A description of the strategy, not a recommendation. Decide your own allocation, or ask a SEBI registered investment adviser.
Who it is written for
- Written for
- Aggressive investors with a long horizon and tolerance for sharp drawdowns
- Capital
- About ₹22,000, one share of every holding at recent prices. More capital buys more of each holding and tracks the model weights more closely.
How the rule was built
Machine learning is used in research to search and optimise the model behind each strategy: which signals rank the universe, how many names to hold and how often to rebalance, tested out of sample. The rule that ships is then frozen and published, so the live strategy is a fixed, readable algorithm, not a black box that changes on its own.
Learn the mechanics
- Building your first strategya 30 minute primer
- Momentum factorthe engine behind these strategies
- How back testing worksreading the five year numbers honestly
- Risk metrics that matterSharpe, Sortino, max drawdown
Free modules from the RupeeCase Learn library. No sign up.
Costs
One fee per rebalance
0.2%of traded value, charged only when a rebalance trades
- No subscription, no AUM fee, no performance fee.
- No lock in: the stocks sit in your own demat and you can sell any day the market is open.
- Broker side charges (brokerage, STT, exchange charges, GST) are separate and paid to your broker.
A year on the minimum
- Minimum capital
- ₹22,000
- Rebalances a year
- About 17, every 3 weeks
- Book traded each time
- 30%, an assumption
- Platform fee a year, about
- ₹2301.05% of capital
Higher turnover or more capital raises the fee in proportion.
Costs inside the back test
- Gross return
- +928.77%before costs
- Estimated costs
- −86.22 ptsbrokerage, STT and taxes
- Net return
- +842.55%after costs
- Nifty 50, same window
- +59.62%cumulative
Model, back tested, cumulative over the rolling 5 years window to 27 Apr 2026. Net is gross minus estimated costs, as on the current factsheet. Not a promise of future returns.
Work it out for your amount
Documents
Download and print
- Download the PDF factsheetThe two page factsheet on the current site; enter your email to have a copy sent.
- Rebalance history, CSVEvery published list, 88 rebalances, 14 May 2021 to 27 Apr 2026.
- Rebalance history pageEach rebalance with what came in and what went out.
- This strategy as plain textMarkdown, for reading tools and AI assistants.
- DisclaimersHow the model figures are made and what they are not.
RupeeCase is a technology platform, not a fund, a PMS or a SEBI registered investment adviser. Model, back tested. As of 27 Apr 2026. Model figures are after estimated charges and are not actual client returns. Past performance does not guarantee future returns; capital can be lost.
04Questions
Before you
commit capital.
What is the 5Paisa Focused Alpha 5 strategy?
Five stocks, three-week rotation. The most concentrated card on the lineup. It selects the top 5 momentum names from Nifty Alpha 50 and rebalances every 3 weeks.
What is the minimum investment for 5Paisa Focused Alpha 5?
About ₹22,000, enough to hold one share of every name in the current book at recent prices. The figure moves with the prices of the holdings.
How does 5Paisa Focused Alpha 5 compare to the Nifty 50?
5Paisa Focused Alpha 5 shows a model CAGR of 54.08% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.60. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns.
What is the worst drawdown 5Paisa Focused Alpha 5 has experienced?
24.18% peak to trough in the model record. The deepest period ran 140 days, from 3 Jan 2025 to 23 May 2025. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again, so size the position for it.
What are the fees on 5Paisa Focused Alpha 5?
0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. On the minimum capital of ₹22,000, the platform fee works out to about ₹230 a year (1.04% of capital). Assumptions: about 17 rebalances a year (every 3 weeks), 30% of the book traded at each rebalance, 0.2% of traded value. Higher turnover or more capital raises the fee in proportion. Broker side charges (brokerage, STT, exchange charges, GST) are separate.
Can I exit 5Paisa Focused Alpha 5 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.
05Same family
Large and mid: Nifty LargeMidCap 250, Alpha 50.
Moderately HighMomentum
Large Midcap
Nifty LargeMidCap 250, 40 stocks, every 2 weeks
CAGR, model37.83%Max DD−19.3%From₹1.99L
Moderately High risk, momentum
ModerateHybrid
Large Mid Hybrid
Nifty LargeMidCap 250, 41 stocks, every 2 weeks
CAGR, model33.21%Max DD−18.3%From₹2.49L
Moderate risk, hybrid
ModerateMulti asset
Large Mid Multi Asset
Nifty LargeMidCap 250, 42 stocks, every 2 weeks
CAGR, model34.33%Max DD−17.6%From₹2.49L
Moderate risk, multi asset
CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026.
Compare 5Paisa Focused Alpha 5 with
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Go deeper on this strategy.
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- Blog noteAlpha 5: concentration is a position sizeStrategy notes, a short note
- Blog note5 vs 20 vs 50 stocks: what concentration buys and takes backStrategy notes, a short note
- SectorMetals & Mining stocksNSE sector across the 18 index algos
Ready when you are
5Paisa Focused Alpha 5
54.08% CAGR, model, back tested. About ₹22K to start. Every 3 weeks, you approve each one.
0.2% of traded value per rebalance. No AUM fee, no lock in. Line behind: the 5Paisa Focused Alpha 5 model record, after charges, as of 27 Apr 2026. Not a promise of future returns.