--- title: "Midcap vs Energy Basket | RupeeCase Strategy Comparison" description: "Midcap vs Energy Basket: model CAGR 38.8% against 33.1%, back tested as of 27 Apr 2026, shared holdings and who each suits." source_url: "https://www.rupeecase.com/strategies/compare/midcap-vs-energy-basket" --- Strategy against strategy # Midcap vs Energy Basket Midcap (momentum, Nifty Midcap 150) against Energy Basket (thematic, CNX Energy): two model curves on one chart, every risk figure side by side, the holdings they share and who each is written for. * **38.8%**Midcap, CAGR * **33.1%**Energy Basket, CAGR * **−24.9%**Midcap, deepest fall * **−39.5%**Energy Basket, 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. Midcap**₹560**Energy Basket**₹410**Nifty 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. MetricMidcapEnergy BasketNifty 50 TRI CAGR38.75%33.12%9.8% Sharpe ratio1.491.120.73 Sortino ratio1.461.190.70 Calmar ratio1.660.870.58 Max drawdown−24.87%−39.48%−16.92% Volatility, a year25.44%30.47%14.04% Net return, cumulative+423.17%+307.69%+59.62% Back test windowrolling 5 yearsrolling 5 years Minimum capitalAbout ₹90,000About ₹75,000 Stocks held201050 RebalanceEvery 2 weeksEvery week UniverseNifty Midcap 150CNX EnergyNifty 50 Risk bandHighHigh TierGrowth coreThematic satellite 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 ## 5 names in both lists. 5 of the 20 names in Midcap also sit in Energy Basket (10 names): 25% of the larger list. Lists as of 11 May 2026 and 11 May 2026. ### Held by both5 * SUZLON * THERMAX * BHEL * TORNTPOWER * GVT&D ### Only in Midcap15 * HUDCO * IDEA * MAHABANK * NATIONALUM * SAIL * NLCINDIA * ATGL * NAM-INDIA * BSE * BHARATFORG * PREMIERENE * LLOYDSME * RADICO * COCHINSHIP * MCX ### Only in Energy Basket5 * ADANIPOWER * JPPOWER * ABB * ADANIGREEN * ADANIENSOL 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:** Midcap (38.75% against 33.12%) * **Better risk adjusted return:** Midcap (Sharpe 1.49 against Sharpe 1.12) * **Shallower deepest fall:** Midcap (24.87% against 39.48%) * **Lower entry:** Energy Basket (₹75,000 against ₹90,000) ### Midcap **High** risk band Written forGrowth-oriented investors comfortable with double-digit drawdowns Time horizon5 years or longer. Drawdowns of 25% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here. CapitalAbout ₹90,000, one share of every holding at recent prices [Midcap strategy page](/strategies/midcap) ### Energy Basket **High** risk band Written forGrowth-oriented investors comfortable with double-digit drawdowns Time horizon5 years or longer. Drawdowns of 39% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here. CapitalAbout ₹75,000, one share of every holding at recent prices [Energy Basket strategy page](/strategies/energy-basket) 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 pageMidcapFour numbers, the factsheet, Invest](/strategies/midcap) * [Strategy pageEnergy BasketFour numbers, the factsheet, Invest](/strategies/energy-basket) * [FactsheetMidcapPrint first, every month and holding](/strategies/factsheets/midcap) * [FactsheetEnergy BasketPrint first, every month and holding](/strategies/factsheets/energy-basket) ### More pairs * [vsMidcap vs Midcap SmallcapCAGR 38.8% and 42.6%](/strategies/compare/midcap-vs-midcap-smallcap) * [vsMidcap vs SmallcapCAGR 38.8% and 37.4%](/strategies/compare/midcap-vs-smallcap) * [vsLarge Midcap vs MidcapCAGR 37.8% and 38.8%](/strategies/compare/large-midcap-vs-midcap) * [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 ## Midcap vs Energy Basket, in plain words. ### Which has the higher model CAGR, Midcap or Energy Basket? Midcap: 38.75% against 33.12%, 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, Midcap or Energy Basket? Midcap: a deepest model fall of 24.87% against 39.48%. Midcap's deepest daily drawdown ran 322 days from 20 Dec 2024. Energy Basket's ran 126 days from 15 Apr 2022. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again. ### Can I hold Midcap and Energy Basket together? Yes, each is a separate rules based index in your own demat, and 5 names sit in both lists today, so they carry weight twice. Minimum capital is about ₹90,000 and ₹75,000; 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) * [StrategyMidcap strategyNifty Midcap 150, 20 stocks, every 2 weeks](/strategies/midcap) * [StrategyEnergy Basket strategyCNX Energy, 10 stocks, every week](/strategies/energy-basket) * [FactsheetMidcap factsheetOne page, print ready, model back test](/strategies/factsheets/midcap) * [FactsheetEnergy Basket factsheetOne page, print ready, model back test](/strategies/factsheets/energy-basket) * [Head to headCompare Midcap with Midcap SmallcapTwo model curves, every risk figure](/strategies/compare/midcap-vs-midcap-smallcap) ## Midcap or Energy Basket. Read both, then decide. [Invest in Midcap](https://invest.rupeecase.com/signup?strategy=midcap)[Invest in Energy Basket](https://invest.rupeecase.com/signup?strategy=energy-basket) 0.2% of traded value per rebalance. No AUM fee, no lock in. Model, back tested. As of 27 Apr 2026.