RupeeCase | Systematic Quantitative Investing Terminal by QC AlphaRupeeCase | Systematic Quantitative Investing Terminal by QC Alpha
Start free

Strategy against strategy

Large Cap Multi Asset vs Largecap Hybrid

Large Cap Multi Asset (multi asset, Nifty 100) against Largecap Hybrid (hybrid, Nifty 100): 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
  • 22.7%Largecap Hybrid, CAGR
  • −21.0%Large Cap Multi Asset, deepest fall
  • −22.0%Largecap Hybrid, 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₹315Largecap Hybrid₹296Nifty 50 TRI, 9.8% CAGR line₹162
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.

MetricLarge Cap Multi AssetLargecap HybridNifty 50 TRI
CAGR24.36%22.74%9.8%
Sharpe ratio1.321.250.73
Sortino ratio1.301.250.70
Calmar ratio1.251.120.58
Max drawdown−20.96%−22.04%−16.92%
Volatility, a year19.00%19.12%14.04%
Net return, cumulative+159.08%+141.26%+59.62%
Back test windowrolling 5 yearsrolling 5 years
Minimum capitalAbout ₹1,25,000About ₹1,25,000
Stocks held222150
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 27 Apr 2026. Minimum capital as of 8 Aug 2026. Not a promise of future returns.

03Holdings overlap

21 names in both lists.

21 of the 22 names in Large Cap Multi Asset also sit in Largecap Hybrid (21 names): 95% of the larger list. Lists as of 11 May 2026 and 11 May 2026.

Held by both21

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

Only in Large Cap Multi Asset1

  • GOLDBEES

Only in Largecap Hybrid0

    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: Large Cap Multi Asset (24.36% against 22.74%)
    • Better risk adjusted return: Large Cap Multi Asset (Sharpe 1.32 against Sharpe 1.25)
    • Shallower deepest fall: Large Cap Multi Asset (20.96% against 22.04%)
    • Lower entry: level (₹1,25,000 each)

    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

    Largecap Hybrid

    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 22% 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
    Largecap Hybrid 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

    Change the pair, or go deeper.

    Pick any two strategies

    More pairs

    06Questions

    Large Cap Multi Asset vs Largecap Hybrid,
    in plain words.

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

    Large Cap Multi Asset: 24.36% against 22.74%, 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 Largecap Hybrid?

    Large Cap Multi Asset: a deepest model fall of 20.96% against 22.04%. Large Cap Multi Asset's deepest daily drawdown ran 112 days from 15 Apr 2022. Largecap Hybrid'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 Large Cap Multi Asset and Largecap Hybrid together?

    Yes, each is a separate rules based index in your own demat, and 21 names sit in both lists today, so they carry weight twice. Minimum capital is about ₹1,25,000 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.

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

    Invest in Large Cap Multi AssetInvest in Largecap Hybrid

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