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Strategy against strategy

Large Cap Multi Asset vs Allcap Multi Asset

Large Cap Multi Asset (multi asset, Nifty 100) 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.

  • 24.4%Large Cap Multi Asset, CAGR
  • 40.5%Allcap Multi Asset, CAGR
  • −21.0%Large Cap Multi Asset, 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, May 2021 to Jul 2026.

Large Cap Multi Asset₹315Allcap Multi Asset₹598Nifty 50 TRI, 9.8% CAGR line₹162
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.

MetricLarge Cap Multi AssetAllcap Multi AssetNifty 50 TRI
CAGR24.36%40.47%9.8%
Sharpe ratio1.321.810.73
Sortino ratio1.301.710.70
Calmar ratio1.252.060.58
Max drawdown−20.96%−21.32%−16.92%
Volatility, a year19.00%21.41%14.04%
Net return, cumulative+159.08%+490.16%+59.62%
Back test windowrolling 5 yearsrolling 5 years
Minimum capitalAbout ₹1,25,000About ₹2,81,000
Stocks held225250
RebalanceEvery 4 weeksEvery 2 weeks
UniverseNifty 100Nifty Total MarketNifty 50
Risk bandModerately HighModerate
TierConservative 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 27 Apr 2026. Minimum capital as of 8 Aug 2026. Not a promise of future returns.

03Holdings overlap

6 names in both lists.

6 of the 22 names in Large Cap Multi Asset also sit in Allcap Multi Asset (49 names): 12% of the larger list. Lists as of 11 May 2026 and 11 May 2026.

Held by both6

  • LIQUIDCASE
  • GOLDBEES
  • VEDL
  • ADANIPOWER
  • ADANIGREEN
  • ADANIENSOL

Only in Large Cap Multi Asset16

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

Only in Allcap Multi Asset43

  • OLAELEC
  • STLTECH
  • GALLANTT
  • QPOWER
  • LLOYDSENT
  • CUPID
  • EIEL
  • WELCORP
  • KRN
  • WEBELSOLAR
  • ANGELONE
  • HFCL
  • LLOYDSME
  • APOLLO
  • PFOCUS
  • NATIONALUM
  • AVANTIFEED
  • JAYNECOIND
  • LLOYDSENGG
  • ABDL
  • THERMAX
  • AZAD
  • TDPOWERSYS
  • KSB
  • +19 more

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 Multi Asset (40.47% against 24.36%)
  • Better risk adjusted return: Allcap Multi Asset (Sharpe 1.81 against Sharpe 1.32)
  • Shallower deepest fall: Large Cap Multi Asset (20.96% against 21.32%)
  • Lower entry: Large Cap Multi Asset (₹1,25,000 against ₹2,81,000)

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

Allcap Multi Asset

Moderate risk band

Written for
Investors who want a balanced equity tilt with a built-in volatility cushion
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 ₹2,81,000, one share of every holding at recent prices
Allcap 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

Large Cap Multi Asset vs Allcap Multi Asset,
in plain words.

Which has the higher model CAGR, Large Cap Multi Asset or Allcap Multi Asset?

Allcap Multi Asset: 40.47% 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, Large Cap Multi Asset or Allcap Multi Asset?

Large Cap Multi Asset: a deepest model fall of 20.96% against 21.32%. Large Cap Multi Asset's deepest daily drawdown ran 112 days from 15 Apr 2022. 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 Large Cap Multi Asset and Allcap Multi Asset together?

Yes, each is a separate rules based index in your own demat, and 6 names sit in both lists today, so they carry weight twice. Minimum capital is about ₹1,25,000 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.

Large Cap Multi Asset or Allcap Multi Asset.
Read both, then decide.

Invest in Large Cap Multi AssetInvest in Allcap Multi Asset

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