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

Strategy against strategy

Nifty 50 Equal Weight vs Focused Largecap 20

Nifty 50 Equal Weight (equal weight, Nifty 50) against Focused Largecap 20 (momentum, Nifty 100): 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
  • 26.3%Focused Largecap 20, CAGR
  • −15.7%Nifty 50 Equal Weight, deepest fall
  • −23.6%Focused Largecap 20, 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₹214Focused Largecap 20₹321Nifty 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.

MetricNifty 50 Equal WeightFocused Largecap 20Nifty 50 TRI
CAGR16.35%26.29%9.8%
Sharpe ratio1.131.200.69
Sortino ratio1.111.190.67
Calmar ratio1.031.110.54
Max drawdown−15.71%−23.56%−16.92%
Volatility, a year14.23%21.22%14.15%
Net return, cumulative+94.73%+174.40%+55.09%
Back test windowrolling 5 yearsrolling 5 years
Minimum capitalAbout ₹2,49,000About ₹1,00,000
Stocks held502050
RebalanceEvery 4 weeksEvery 4 weeks
UniverseNifty 50Nifty 100Nifty 50
Risk bandModerateModerately High
TierStarterConservative 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

7 names in both lists.

7 of the 44 names in Nifty 50 Equal Weight also sit in Focused Largecap 20 (20 names): 16% of the larger list. Lists as of 3 Jul 2026 and 6 Jul 2026.

Held by both7

  • ADANIENT
  • SHRIRAMFIN
  • ADANIPORTS
  • NESTLEIND
  • HINDALCO
  • NTPC
  • TATASTEEL

Only in Nifty 50 Equal Weight37

  • MAXHEALTH
  • BAJFINANCE
  • ICICIBANK
  • GRASIM
  • ASIANPAINT
  • TITAN
  • AXISBANK
  • SUNPHARMA
  • SBIN
  • CIPLA
  • KOTAKBANK
  • DRREDDY
  • COALINDIA
  • LT
  • JSWSTEEL
  • ETERNAL
  • BHARTIARTL
  • BEL
  • TECHM
  • TATACONSUM
  • M&M
  • BAJAJFINSV
  • POWERGRID
  • HDFCBANK
  • +13 more

Only in Focused Largecap 2013

  • VEDL
  • ADANIPOWER
  • HAL
  • HINDZINC
  • VBL
  • TATAPOWER
  • PFC
  • LODHA
  • ADANIGREEN
  • CGPOWER
  • ADANIENSOL
  • SIEMENS
  • ENRIN

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 16.35%)
  • Better risk adjusted return: Focused Largecap 20 (Sharpe 1.20 against Sharpe 1.13)
  • Shallower deepest fall: Nifty 50 Equal Weight (15.71% against 23.56%)
  • Lower entry: Focused Largecap 20 (₹1,00,000 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

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

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

Nifty 50 Equal Weight vs Focused Largecap 20,
in plain words.

Which has the higher model CAGR, Nifty 50 Equal Weight or Focused Largecap 20?

Focused Largecap 20: 26.29% 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 Focused Largecap 20?

Nifty 50 Equal Weight: a deepest model fall of 15.71% against 23.56%. Nifty 50 Equal Weight's deepest daily drawdown ran 371 days from 4 Oct 2024. Focused Largecap 20'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 Nifty 50 Equal Weight and Focused Largecap 20 together?

Yes, each is a separate rules based index in your own demat, and 7 names sit in both lists today, so they carry weight twice. Minimum capital is about ₹2,49,000 and ₹1,00,000; 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 Focused Largecap 20.
Read both, then decide.

Invest in Nifty 50 Equal WeightInvest in Focused Largecap 20

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