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Strategy against strategy

Focused Largecap 20 vs Large Cap Multi Asset

Focused Largecap 20 (momentum, Nifty 100) against Large Cap Multi Asset (multi asset, Nifty 100): two model curves on one chart, every risk figure side by side, the holdings they share and who each is written for.

  • 26.3%Focused Largecap 20, CAGR
  • 24.4%Large Cap Multi Asset, CAGR
  • −23.6%Focused Largecap 20, deepest fall
  • −21.0%Large Cap 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.

Focused Largecap 20₹321Large Cap Multi Asset₹296Nifty 50 TRI, 9.8% CAGR line₹160
150 200 300

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.

MetricFocused Largecap 20Large Cap Multi AssetNifty 50 TRI
CAGR26.29%24.36%9.8%
Sharpe ratio1.201.320.69
Sortino ratio1.191.300.67
Calmar ratio1.111.250.54
Max drawdown−23.56%−20.96%−16.92%
Volatility, a year21.22%19.00%14.15%
Net return, cumulative+174.40%+159.08%+55.09%
Back test windowrolling 5 yearsrolling 5 years
Minimum capitalAbout ₹1,00,000About ₹1,25,000
Stocks held202250
RebalanceEvery 4 weeksEvery 4 weeks
UniverseNifty 100Nifty 100Nifty 50
Risk bandModerately HighModerately High
TierConservative coreConservative 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

20 names in both lists.

20 of the 20 names in Focused Largecap 20 also sit in Large Cap Multi Asset (22 names): 91% of the larger list. Lists as of 6 Jul 2026 and 11 May 2026.

Held by both20

  • VEDL
  • ADANIPOWER
  • TATASTEEL
  • HAL
  • HINDZINC
  • NTPC
  • SHRIRAMFIN
  • VBL
  • NESTLEIND
  • TATAPOWER
  • PFC
  • LODHA
  • HINDALCO
  • ADANIGREEN
  • CGPOWER
  • ADANIENSOL
  • SIEMENS
  • ADANIPORTS
  • ENRIN
  • ADANIENT

Only in Focused Largecap 200

    Only in Large Cap Multi Asset2

    • LIQUIDCASE
    • GOLDBEES

    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: Focused Largecap 20 (26.29% against 24.36%)
    • Better risk adjusted return: Large Cap Multi Asset (Sharpe 1.32 against Sharpe 1.20)
    • Shallower deepest fall: Large Cap Multi Asset (20.96% against 23.56%)
    • Lower entry: Focused Largecap 20 (₹1,00,000 against ₹1,25,000)

    Focused Largecap 20

    Moderately High risk band

    Written for
    Investors who want growth but read a 25% drawdown as opportunity, not panic
    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.
    Capital
    About ₹1,00,000, one share of every holding at recent prices
    Focused Largecap 20 strategy page

    Large Cap Multi Asset

    Moderately High risk band

    Written for
    Investors who want growth but read a 25% drawdown as opportunity, not panic
    Time horizon
    5 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.
    Capital
    About ₹1,25,000, one share of every holding at recent prices
    Large Cap Multi Asset strategy page

    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

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    06Questions

    Focused Largecap 20 vs Large Cap Multi Asset,
    in plain words.

    Which has the higher model CAGR, Focused Largecap 20 or Large Cap Multi Asset?

    Focused Largecap 20: 26.29% against 24.36%, 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, Focused Largecap 20 or Large Cap Multi Asset?

    Large Cap Multi Asset: a deepest model fall of 20.96% against 23.56%. Focused Largecap 20's deepest daily drawdown ran 112 days from 15 Apr 2022. Large Cap Multi Asset's ran 112 days from 15 Apr 2022. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again.

    Can I hold Focused Largecap 20 and Large Cap Multi Asset together?

    Yes, each is a separate rules based index in your own demat, and 20 names sit in both lists today, so they carry weight twice. Minimum capital is about ₹1,00,000 and ₹1,25,000; 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.

    Focused Largecap 20 or Large Cap Multi Asset.
    Read both, then decide.

    Invest in Focused Largecap 20Invest in Large Cap Multi Asset

    0.2% of traded value per rebalance. No AUM fee, no lock in. Model, back tested. As of 27 Apr 2026.