--- title: "Allcap vs Allcap Multi Asset | RupeeCase Strategy Comparison" description: "Allcap vs Allcap Multi Asset: model CAGR 44.7% against 40.5%, back tested as of 27 Apr 2026, shared holdings and who each suits." source_url: "https://www.rupeecase.com/strategies/compare/allcap-vs-allcap-multi-asset" --- Strategy against strategy # Allcap vs Allcap Multi Asset Allcap (momentum, Nifty Total Market) against Allcap Multi Asset (multi asset, Nifty Total Market): two model curves on one chart, every risk figure side by side, the holdings they share and who each is written for. * **44.7%**Allcap, CAGR * **40.5%**Allcap Multi Asset, CAGR * **−22.7%**Allcap, deepest fall * **−21.3%**Allcap Multi Asset, deepest fall Model, back tested. As of 27 Apr 2026. After charges. Not a promise of future returns. 01Two model curves ## ₹100 in each, Jul 2021 to Jul 2026. Allcap**₹611**Allcap Multi Asset**₹511**Nifty 50 TRI, 9.8% CAGR line**₹160** 100 150 200 300 500 Both models rebased to 100 at their common first month, log scale, with the Nifty 50 TRI drawn as its 9.8% CAGR line. Model, back tested. As of 27 Apr 2026. After charges. 02Every figure ## 14 rows, side by side. A tick marks the better figure of the two: higher return and ratios, shallower fall, lower volatility, lower entry. The Nifty 50 column is the index over the same window. MetricAllcapAllcap Multi AssetNifty 50 TRI CAGR44.70%40.47%9.8% Sharpe ratio1.681.810.69 Sortino ratio1.601.710.67 Calmar ratio1.962.060.54 Max drawdown−22.72%−21.32%−16.92% Volatility, a year23.58%21.41%14.15% Net return, cumulative+588.18%+490.16%+55.09% Back test windowrolling 5 yearsrolling 5 years Minimum capitalAbout ₹2,25,000About ₹2,81,000 Stocks held505250 RebalanceEvery 2 weeksEvery 2 weeks UniverseNifty Total MarketNifty Total MarketNifty 50 Risk bandModerately HighModerate TierFull equity coreMulti asset core CAGR, Sharpe and max drawdown: Model, back tested. As of 27 Apr 2026. Sortino, Calmar, volatility and net return: model, back tested over each strategy's own window, to 13 Jul 2026 and 27 Apr 2026. Minimum capital as of 8 Aug 2026. Not a promise of future returns. 03Holdings overlap ## 27 names in both lists. 27 of the 50 names in Allcap also sit in Allcap Multi Asset (49 names): 54% of the larger list. Lists as of 6 Jul 2026 and 11 May 2026. ### Held by both27 * HFCL * STLTECH * WEBELSOLAR * CUPID * QPOWER * APOLLO * WELCORP * ADANIPOWER * JAYNECOIND * GALLANTT * TDPOWERSYS * KRN * ADANIGREEN * ADANIENSOL * AZAD * LLOYDSME * LLOYDSENT * ACUTAAS * ATHERENERG * LLOYDSENGG * KIRLOSENG * GVT&D * THERMAX * OLAELEC * +3 more ### Only in Allcap23 * BHEL * COHANCE * HCC * KIRLPNU * BALAMINES * JAIBALAJI * HSCL * DATAPATTNS * SCI * SKYGOLD * SKIPPER * ELECON * BSE * PTC * PNBHOUSING * SYRMA * SUZLON * NETWEB * DIACABS * FINCABLES * BANDHANBNK * GOKULAGRO * ASHAPURMIN ### Only in Allcap Multi Asset22 * GOLDBEES * LIQUIDCASE * NATIONALUM * AVANTIFEED * ABDL * KSB * INOXINDIA * DEEPAKFERT * HINDCOPPER * KAJARIACER * THANGAMAYL * ACMESOLAR * OSWALPUMPS * SANSERA * FIVESTAR * MCX * AWFIS * IMFA * HEG * JINDALSAW * VEDL * BELRISE Model portfolios on the published lists; tickers are not recommendations. Holding both means the shared names carry weight twice. 04The trade off ## Who each is written for. * **Higher model growth:** Allcap (44.70% against 40.47%) * **Better risk adjusted return:** Allcap Multi Asset (Sharpe 1.81 against Sharpe 1.68) * **Shallower deepest fall:** Allcap Multi Asset (21.32% against 22.72%) * **Lower entry:** Allcap (₹2,25,000 against ₹2,81,000) ### Allcap **Moderately High** risk band Written forInvestors who want growth but read a 25% drawdown as opportunity, not panic Time horizon5 years or longer. Drawdowns of 23% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here. CapitalAbout ₹2,25,000, one share of every holding at recent prices [Allcap strategy page](/strategies/allcap) ### Allcap Multi Asset **Moderate** risk band Written forInvestors who want a balanced equity tilt with a built-in volatility cushion Time horizon5 years or longer. Drawdowns of 21% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here. CapitalAbout ₹2,81,000, one share of every holding at recent prices [Allcap Multi Asset strategy page](/strategies/allcap-multi-asset) A description of each strategy, not a recommendation. Decide your own allocation, or ask a SEBI registered investment adviser. Model, back tested. As of 27 Apr 2026. 05Next ## Change the pair, or go deeper. [Pick any two strategies](/compare#pairs) * [Strategy pageAllcapFour numbers, the factsheet, Invest](/strategies/allcap) * [Strategy pageAllcap Multi AssetFour numbers, the factsheet, Invest](/strategies/allcap-multi-asset) * [FactsheetAllcapPrint first, every month and holding](/strategies/factsheets/allcap) * [FactsheetAllcap Multi AssetPrint first, every month and holding](/strategies/factsheets/allcap-multi-asset) ### More pairs * [vsAllcap Multi Asset vs TotalMarket HybridCAGR 40.5% and 39.5%](/strategies/compare/allcap-multi-asset-vs-totalmarket-hybrid) * [vsAllcap Multi Asset vs Large Mid Multi AssetCAGR 40.5% and 34.3%](/strategies/compare/allcap-multi-asset-vs-largemid-multi-asset) * [vsLarge Cap Multi Asset vs Allcap Multi AssetCAGR 24.4% and 40.5%](/strategies/compare/largecap-multi-asset-vs-allcap-multi-asset) * [vs5Paisa Focused Alpha 5 vs AllcapCAGR 54.1% and 44.7%](/strategies/compare/5paisa-focused-alpha-5-vs-allcap) * [vsMidcap vs AllcapCAGR 38.8% and 44.7%](/strategies/compare/midcap-vs-allcap) * [vsEnergy Basket vs AllcapCAGR 33.1% and 44.7%](/strategies/compare/energy-basket-vs-allcap) 06Questions ## Allcap vs Allcap Multi Asset, in plain words. ### Which has the higher model CAGR, Allcap or Allcap Multi Asset? Allcap: 44.70% against 40.47%, with the Nifty 50 TRI line at 9.8%. Model, back tested. As of 27 Apr 2026. After charges; past performance does not guarantee future returns. ### Which fell less in the back test, Allcap or Allcap Multi Asset? Allcap Multi Asset: a deepest model fall of 21.32% against 22.72%. Allcap's deepest daily drawdown ran 476 days from 20 Dec 2024. Allcap Multi Asset's ran 371 days from 20 Dec 2024. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again. ### Can I hold Allcap and Allcap Multi Asset together? Yes, each is a separate rules based index in your own demat, and 27 names sit in both lists today, so they carry weight twice. Minimum capital is about ₹2,25,000 and ₹2,81,000; the fee is 0.2% of traded value per rebalance on each. RupeeCase is not an investment adviser; decide your own allocation. Explore next ## Go deeper on both strategies. * [Free module 2.3Risk Metrics That Matter8 min read](/learn/path-2/module-2-3-risk-metrics-that-matter) * [StrategyAllcap strategyNifty Total Market, 50 stocks, every 2 weeks](/strategies/allcap) * [StrategyAllcap Multi Asset strategyNifty Total Market, 52 stocks, every 2 weeks](/strategies/allcap-multi-asset) * [FactsheetAllcap factsheetOne page, print ready, model back test](/strategies/factsheets/allcap) * [FactsheetAllcap Multi Asset factsheetOne page, print ready, model back test](/strategies/factsheets/allcap-multi-asset) * [Head to headCompare Allcap Multi Asset with TotalMarket HybridTwo model curves, every risk figure](/strategies/compare/allcap-multi-asset-vs-totalmarket-hybrid) ## Allcap or Allcap Multi Asset. Read both, then decide. [Invest in Allcap](https://invest.rupeecase.com/signup?strategy=allcap)[Invest in Allcap Multi Asset](https://invest.rupeecase.com/signup?strategy=allcap-multi-asset) 0.2% of traded value per rebalance. No AUM fee, no lock in. Model, back tested. As of 27 Apr 2026.