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Nifty 50 Equal Weight vs Allcap

Nifty 50 Equal Weight (equal weight, Nifty 50) against Allcap (momentum, 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.

  • 16.4%Nifty 50 Equal Weight, CAGR
  • 44.7%Allcap, CAGR
  • −15.7%Nifty 50 Equal Weight, deepest fall
  • −22.7%Allcap, 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.

Nifty 50 Equal Weight₹214Allcap₹611Nifty 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.

MetricNifty 50 Equal WeightAllcapNifty 50 TRI
CAGR16.35%44.70%9.8%
Sharpe ratio1.131.680.69
Sortino ratio1.111.600.67
Calmar ratio1.031.960.54
Max drawdown−15.71%−22.72%−16.92%
Volatility, a year14.23%23.58%14.15%
Net return, cumulative+94.73%+588.18%+55.09%
Back test windowrolling 5 yearsrolling 5 years
Minimum capitalAbout ₹2,49,000About ₹2,25,000
Stocks held505050
RebalanceEvery 4 weeksEvery 2 weeks
UniverseNifty 50Nifty Total MarketNifty 50
Risk bandModerateModerately High
TierStarterFull equity 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. Minimum capital as of 8 Aug 2026. Not a promise of future returns.

03Holdings overlap

No name in both lists.

0 of the 44 names in Nifty 50 Equal Weight also sit in Allcap (50 names): 0% of the larger list. Lists as of 3 Jul 2026 and 6 Jul 2026.

Held by both0

None on the latest lists.

Only in Nifty 50 Equal Weight44

  • ADANIENT
  • MAXHEALTH
  • SHRIRAMFIN
  • ADANIPORTS
  • BAJFINANCE
  • ICICIBANK
  • GRASIM
  • ASIANPAINT
  • TITAN
  • AXISBANK
  • SUNPHARMA
  • NESTLEIND
  • HINDALCO
  • SBIN
  • CIPLA
  • KOTAKBANK
  • DRREDDY
  • COALINDIA
  • LT
  • JSWSTEEL
  • ETERNAL
  • BHARTIARTL
  • BEL
  • TECHM
  • +20 more

Only in Allcap50

  • HFCL
  • STLTECH
  • WEBELSOLAR
  • CUPID
  • QPOWER
  • APOLLO
  • WELCORP
  • ADANIPOWER
  • JAYNECOIND
  • GALLANTT
  • TDPOWERSYS
  • KRN
  • ADANIGREEN
  • ADANIENSOL
  • AZAD
  • LLOYDSME
  • LLOYDSENT
  • ACUTAAS
  • ATHERENERG
  • LLOYDSENGG
  • KIRLOSENG
  • GVT&D
  • THERMAX
  • BHEL
  • +26 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 (44.70% against 16.35%)
  • Better risk adjusted return: Allcap (Sharpe 1.68 against Sharpe 1.13)
  • Shallower deepest fall: Nifty 50 Equal Weight (15.71% against 22.72%)
  • Lower entry: Allcap (₹2,25,000 against ₹2,49,000)

Nifty 50 Equal Weight

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 16% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Capital
About ₹2,49,000, one share of every holding at recent prices
Nifty 50 Equal Weight strategy page

Allcap

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 23% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Capital
About ₹2,25,000, one share of every holding at recent prices
Allcap 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

Nifty 50 Equal Weight vs Allcap,
in plain words.

Which has the higher model CAGR, Nifty 50 Equal Weight or Allcap?

Allcap: 44.70% against 16.35%, 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, Nifty 50 Equal Weight or Allcap?

Nifty 50 Equal Weight: a deepest model fall of 15.71% against 22.72%. Nifty 50 Equal Weight's deepest daily drawdown ran 371 days from 4 Oct 2024. Allcap's ran 476 days from 20 Dec 2024. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again.

Can I hold Nifty 50 Equal Weight and Allcap together?

Yes, each is a separate rules based index in your own demat, and no name sits in both lists today. Minimum capital is about ₹2,49,000 and ₹2,25,000; 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.

Nifty 50 Equal Weight or Allcap.
Read both, then decide.

Invest in Nifty 50 Equal WeightInvest in Allcap

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