Momentum, Nifty 100
Focused Largecap 20 momentum strategy
20 largecap stocks, 4-week rotation. Pure equity on the Nifty 100.
Written for investors who want growth but read a 25% drawdown as opportunity, not panic.
Moderately High risk band
01At a glance
Focused Largecap 20 in four numbers.
- CAGR
- 26.29%Model, back tested
- Max drawdown
- −23.56%Model, back tested
- Minimum investment
- ₹1LAbout ₹1,00,000
- Fee per rebalance
- 0.2%Of traded value, nothing else
150
200
300
₹100 in the model in Jul 2021 became ₹321 by Jul 2026; the Nifty 50 TRI line reached ₹160. Model, back tested. As of 27 Apr 2026. After charges, log scale. Not a promise of future returns.
02Three steps
Compare. Validate. Invest.
Compare
Line Focused Largecap 20 up against the other 17 strategies, and against funds, PMS and AIF.
Compare strategiesValidate the back test
Every year, month, fall, holding and rebalance is in the factsheet below.
Open the factsheetInvest
Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money.
Invest in Focused Largecap 20
03Factsheet
Focused Largecap 20 factsheet
Every figure behind the four numbers, in seven parts. Return figures are model, back tested and after charges; each block names its date.
Performance
Calendar year returns
- 2021from Jul+17.7%
- 2022+31.7%
- 2023+58.7%
- 2024+29.2%
- 2025−3.5%
- 2026to Jul+4.3%
Model, back tested, after charges, 2021 to Jul 2026. Not a promise of future returns.
What an amount would have become
- You put in
- ₹1,00,000
- Model value
- Gain
Model, back tested: the published monthly model returns after charges, Jul 2021 to Jul 2026 (61 months). A back test, not a promise of future returns.
Stress test: drag through the falls
Move across the record to read how far the model sat below its last peak, and how long it took to climb back.
MonthFeb 2025
Below the last peak−20.5%
Back to the peak
Model value, log scaleBelow the last peak
Deepest falls, daily record
Model, back tested. As of 27 Apr 2026. The scrub reads month end model values from Jul 2021 to Jul 2026, so its falls read shallower than the daily figures on the buttons; days are counted between month ends. Drawdowns of similar size can happen again. Moderately High risk band.
Monthly returns
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | Janno data | Febno data | Marno data | Aprno data | Mayno data | Junno data | Jul−0.4 | Aug7.4 | Sep5.5 | Oct4.4 | Nov−3.6 | Dec3.6 | Year+17.7% |
| 2022 | Jan−0.2 | Feb−1.2 | Mar5.3 | Apr7.9 | May−9.4 | Jun−4.2 | Jul14.4 | Aug6.2 | Sep0.1 | Oct6.9 | Nov3.4 | Dec0.7 | Year+31.7% |
| 2023 | Jan−7.1 | Feb−5.2 | Mar0.1 | Apr7.1 | May3.1 | Jun10.9 | Jul8.1 | Aug−0.4 | Sep9.5 | Oct−4.0 | Nov11.3 | Dec16.7 | Year+58.7% |
| 2024 | Jan11.4 | Feb5.9 | Mar0.1 | Apr2.7 | May11.1 | Jun1.5 | Jul4.6 | Aug−3.6 | Sep1.8 | Oct−9.6 | Nov1.6 | Dec0.3 | Year+29.2% |
| 2025 | Jan−6.6 | Feb−5.9 | Mar4.0 | Apr2.3 | May2.1 | Jun1.1 | Jul−4.7 | Aug−1.1 | Sep1.9 | Oct5.3 | Nov−1.1 | Dec−0.1 | Year−3.5% |
| 2026 | Jan−2.8 | Feb8.4 | Mar−13.4 | Apr14.9 | May0.2 | Jun−2.1 | Jul1.3 | Augno data | Sepno data | Octno data | Novno data | Decno data | Year to date+4.3% |
Model, back tested, after charges. Each cell is one calendar month, in percent. Not a promise of future returns.
Rolling returns
Any 1 year
- Worst
- −16.8%
- Median
- +26.2%
- Best
- +119.6%
- Positive
- 78%of 49 windows
Return over each 12 month window.
Any 3 years
- Worst
- +20.9%
- Median
- +31.1%
- Best
- +52.3%
- Positive
- 100%of 25 windows
CAGR over each 36 month window.
Model, back tested, from the month end model values, Jul 2021 to Jul 2026. Not a promise of future returns.
Deepest falls
- −19.16%15 Apr 2022 to 5 Aug 2022112 days
- −15.37%16 Dec 2022 to 2 Jun 2023168 days
- −10.86%22 Oct 2021 to 25 Mar 2022154 days
- −7.28%15 Sep 2023 to 3 Nov 202349 days
- −5.81%23 Sep 2022 to 21 Oct 202228 days
Model, back tested, daily record over rolling 5 years: from the peak to the low, and the days until the record was back at that peak.
Holdings and sectors
20 holdings
- Equity87%
- VEDL5.0%
- ADANIPOWER4.9%
- TATASTEEL4.9%
- HAL4.8%
- HINDZINC4.8%
- NTPC4.8%
- SHRIRAMFIN4.8%
- VBL4.6%
- NESTLEIND4.6%
- TATAPOWER4.6%
- PFC4.6%
- LODHA4.5%
- HINDALCO4.4%
- ADANIGREEN4.3%
- CGPOWER4.3%
- ADANIENSOL4.1%
- SIEMENS3.7%
- ADANIPORTS3.6%
- ENRIN3.2%
- ADANIENT2.6%
Live quantities, prices and book values are in the app
Weights on the rebalance day, 6 Jul 2026; they drift with prices until the next rebalance. Model portfolio, not a recommendation to buy or sell any stock.
Sector allocation
- Power & Utilities25.7%
- Other, not yet mapped24.9%
- Metals & Mining21.9%
- Capital Goods11.4%
- Banking & Financial10.8%
- FMCG & Consumer5.3%
6 sectors in the equity sleeve; the largest mapped sector is Power & Utilities at 25.7%, and 24.9% of the sleeve is not yet in the sector map. 20-stock large-cap universe with metals, power, financials, consumer, and industrials concentration. Sector map curated against NSE listings.
Sector weight by year
| Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now |
|---|---|---|---|---|---|---|---|
| Other, not yet mapped | 57 | 56 | 62 | 72 | 75 | 37 | 46 |
| Power & Utilities | 13 | 16 | 10 | 8 | 6 | 14 | 14 |
| Metals & Mining | 11 | 4 | 4 | 5 | 8 | 17 | 14 |
| Capital Goods | 8 | 9 | 9 | 2 | 3 | 7 | 11 |
| FMCG & Consumer | 5 | 7 | 6 | 4 | 3 | 6 | 7 |
| Banking & Financial | 3 | 4 | 6 | 4 | 4 | 11 | 4 |
| Pharma & Healthcare | 0 | 1 | 1 | 2 | 1 | 3 | 4 |
| Energy & Oil & Gas | 2 | 4 | 2 | 3 | 0 | 5 | out |
68 published rebalances, 8 sectors touched, 7 held on the latest list (3 Jul 2026). Each cell is the average weight that year, equal weighted at the stock level; darker is a higher weight.
Rebalances
The rebalance record
- published rebalances
- 68
- first in the record
- 14 May 2021
- 13 a year
- Every 4 weeks
- latest published
- 3 Jul 2026
Rebalances run on a fixed calendar; you approve each one before your broker places the orders.
Latest rebalance, 3 Jul 2026
Against the list of 5 Jun 2026: 8 in, 5 out, 20 held, 28 on the list.
In
- CHOLAFIN
- TRENT
- MAXHEALTH
- PIDILITIND
- TORNTPHARM
- BAJFINANCE
- INDHOTEL
- ICICIBANK
Out
- LODHA
- TATAPOWER
- HAL
- PFC
- NTPC
Held
- ADANIGREEN
- ADANIENSOL
- ADANIENT
- ADANIPOWER
- CGPOWER
- ZYDUSLIFE
- MOTHERSON
- VEDL
- SHRIRAMFIN
- ENRIN
- ADANIPORTS
- GRASIM
- HINDALCO
- VBL
- HINDZINC
- SIEMENS
- ASIANPAINT
- TATASTEEL
- JSWSTEEL
- NESTLEIND
Model portfolio, back tested rebalance record. Entered plus held is that date's list size, which can differ from the 20 stock target. Tickers are not recommendations.
Recent rebalances
| Date | On the list | In | Out |
|---|---|---|---|
| 3 Jul 2026 | 28 | +8 | −5 |
| 5 Jun 2026 | 25 | +5 | −11 |
| 8 May 2026 | 31 | +9 | −4 |
| 10 Apr 2026 | 26 | +6 | −4 |
| 13 Mar 2026 | 24 | +2 | −6 |
| 13 Feb 2026 | 28 | +7 | −5 |
| 16 Jan 2026 | 26 | +4 | −3 |
| 19 Dec 2025 | 25 | +4 | −6 |
| 21 Nov 2025 | 27 | +7 | −7 |
| 24 Oct 2025 | 27 | +7 | −9 |
| 26 Sep 2025 | 29 | +7 | −8 |
| 29 Aug 2025 | 30 | +9 | −6 |
Every rebalance with its namesRebalance history, CSV
Names on the list, names in and names out at each date; the history page and the CSV have every name.
Sector shifts of 10 points or more
- Other, not yet mapped +21 pts
- Other, not yet mapped −10 pts
- Other, not yet mapped −11 pts
- Other, not yet mapped −10 pts
- Other, not yet mapped +11 pts
- Banking & Financial +11 pts, Other, not yet mapped −10 pts
17 such shifts in 68 rebalances; the latest six. Equity sleeve, equal weighted at the stock level.
Get the next rebalance by email
Risk metrics
Focused Largecap 20 against the Nifty 50
| Metric | Focused Largecap 20 | Nifty 50 |
|---|---|---|
| Sharpe ratio | 1.20 | 0.69 |
| Sortino ratio | 1.19 | 0.67 |
| Calmar ratio | 1.11 | 0.54 |
| Volatility, a year | 21.22% | 14.15% |
| Max drawdown | −23.56% | −16.92% |
| Best week | +7.94% | +6.36% |
| Worst week | −6.75% | −6.33% |
| Weeks up | 57.85% | 56.32% |
| Average up week | +2.49% | +1.53% |
| Average down week | −2.31% | −1.57% |
Model, back tested, after charges. Weekly figures over the rolling 5 years window to 13 Jul 2026; the Nifty 50 over the same window. Not a promise of future returns.
Risk band
Moderately High on a scale from Low to Very High
- Deepest model fall
- −23.56%
- 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.
Walk the risk band
One step safer (Moderate)Nifty 50 Equal WeightCAGR 16.4%, Sharpe 1.13, max drawdown −15.7%One step bolder (High)MidcapCAGR 38.8%, Sharpe 1.49, max drawdown −24.9%
CAGR, Sharpe and max drawdown on the cards: Model, back tested. As of 27 Apr 2026. Take the risk profile to see which bands sit within yours.
Methodology
How it works
- 1Universe
Start from the Nifty 100, filtered to stocks priced under ₹5,000.
- 2Rank
Score every stock in the universe by a momentum composite: price trend over several look backs, risk adjusted. The top names by score become the candidate list.
- 3Select
Hold the top 20 names by score, equal weighted so no single name dominates.
- 4Rebalance
Every 4 weeks the model runs again end to end. Names that fall out of the top 20 are sold; new entrants are bought. The full list is published at every rebalance.
Configuration
- Universe
- Nifty 100
- Type
- Momentum
- Sleeves
- Equity 100
- Holdings
- 20, equal weight
- Rebalance
- Every 4 weeks, 13 a year
- Max stock price
- ₹5,000
- Risk band
- Moderately High
- Benchmark
- Nifty 50; charts draw the Nifty 50 TRI as a CAGR line
- Minimum capital
- About ₹1,00,000
- Back test from
- 9 Jul 2021
- Metrics window
- Rolling 5 years
- Prices
- NSE BhavCopy; the back test deducts brokerage, STT, exchange charges and GST
Why Focused Largecap 20
The pure-equity twin of LargeCap Multi Asset. Same 20-stock Nifty 100 momentum sleeve, same 4-week rebalance, but no debt overlay, no gold overlay. 100% equity.
Twenty large-cap names, equal-weighted, re-screened every 4 weeks. Nothing here is exotic. The edge is discipline applied to the most liquid shelf of the market.
The trade you accept is lower momentum capture, the screen reacts monthly rather than fortnightly.
This is the pure-equity largecap slot. For a moderately aggressive investor who wants the equity engine without the turnover friction or thematic concentration, 20 largecap names rotated every 4 weeks is the direct expression.
Key takeaways
- Largecap momentum on the Nifty 100 universe
- 20 stocks equal-weighted, rebalanced every 4 weeks
- The slowest-rebalancing pure-equity momentum card, so costs stay light
- Pure largecap equity for capital that stays invested through cycles
A description of the strategy, not a recommendation. Decide your own allocation, or ask a SEBI registered investment adviser.
Who it is written for
- Written for
- Investors who want growth but read a 25% drawdown as opportunity, not panic
- Capital
- About ₹1,00,000, one share of every holding at recent prices. More capital buys more of each holding and tracks the model weights more closely.
How the rule was built
Machine learning is used in research to search and optimise the model behind each strategy: which signals rank the universe, how many names to hold and how often to rebalance, tested out of sample. The rule that ships is then frozen and published, so the live strategy is a fixed, readable algorithm, not a black box that changes on its own.
Learn the mechanics
- Modern portfolio theorycore and satellite for large cap books
- Momentum factorthe engine behind these strategies
- How back testing worksreading the five year numbers honestly
- Risk metrics that matterSharpe, Sortino, max drawdown
Free modules from the RupeeCase Learn library. No sign up.
Costs
One fee per rebalance
0.2%of traded value, charged only when a rebalance trades
- No subscription, no AUM fee, no performance fee.
- No lock in: the stocks sit in your own demat and you can sell any day the market is open.
- Broker side charges (brokerage, STT, exchange charges, GST) are separate and paid to your broker.
A year on the minimum
- Minimum capital
- ₹1,00,000
- Rebalances a year
- 13, every 4 weeks
- Book traded each time
- 30%, an assumption
- Platform fee a year, about
- ₹7800.78% of capital
Higher turnover or more capital raises the fee in proportion.
Costs inside the back test
- Gross return
- +253.96%before costs
- Estimated costs
- −34.09 ptsbrokerage, STT and taxes
- Net return
- +219.87%after costs
- Nifty 50, same window
- +55.09%cumulative
Model, back tested, cumulative over the rolling 5 years window to 13 Jul 2026. Net is gross minus estimated costs, as on the current factsheet. Not a promise of future returns.
Work it out for your amount
Documents
Download and print
- Download the PDF factsheetThe two page factsheet on the current site; enter your email to have a copy sent.
- Rebalance history, CSVEvery published list, 68 rebalances, 14 May 2021 to 3 Jul 2026.
- Rebalance history pageEach rebalance with what came in and what went out.
- This strategy as plain textMarkdown, for reading tools and AI assistants.
- DisclaimersHow the model figures are made and what they are not.
RupeeCase is a technology platform, not a fund, a PMS or a SEBI registered investment adviser. Model, back tested. As of 27 Apr 2026. Model figures are after estimated charges and are not actual client returns. Past performance does not guarantee future returns; capital can be lost.
04Questions
Before you
commit capital.
What is the Focused Largecap 20 strategy?
20 largecap stocks, 4-week rotation. The conservative core. It selects the top 20 momentum names from Nifty 100 and rebalances every 4 weeks.
What is the minimum investment for Focused Largecap 20?
About ₹1,00,000, enough to hold one share of every name in the current book at recent prices. The figure moves with the prices of the holdings.
How does Focused Largecap 20 compare to the Nifty 50?
Focused Largecap 20 shows a model CAGR of 26.29% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.20. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns.
What is the worst drawdown Focused Largecap 20 has experienced?
23.56% peak to trough in the model record. The deepest period ran 112 days, from 15 Apr 2022 to 5 Aug 2022. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again, so size the position for it.
What are the fees on Focused Largecap 20?
0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. On the minimum capital of ₹1,00,000, the platform fee works out to about ₹780 a year (0.78% of capital). Assumptions: 13 rebalances a year (every 4 weeks), 30% of the book traded at each rebalance, 0.2% of traded value. Higher turnover or more capital raises the fee in proportion. Broker side charges (brokerage, STT, exchange charges, GST) are separate.
Can I exit Focused Largecap 20 at any time?
Yes. No lock-in. Holdings sit in your own broker demat account and you can sell any name on any market day. Switching strategies or pausing the rebalance is a one-click action on the platform.
05Same family
Large: Nifty 50 and Nifty 100.
Moderately HighHybrid
Largecap Hybrid
Nifty 100, 21 stocks, every 4 weeks
CAGR, model22.74%Max DD−22.0%From₹1.25L
Moderately High risk, hybrid
Moderately HighMulti asset
Large Cap Multi Asset
Nifty 100, 22 stocks, every 4 weeks
CAGR, model24.36%Max DD−21.0%From₹1.25L
Moderately High risk, multi asset
ModerateEqual weight
Nifty 50 Equal Weight
Nifty 50, 50 stocks, every 4 weeks
CAGR, model16.35%Max DD−15.7%From₹2.49L
Moderate risk, equal weight
CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026.
Compare Focused Largecap 20 with
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Ready when you are
Focused Largecap 20
26.29% CAGR, model, back tested. About ₹1L to start. Every 4 weeks, you approve each one.
0.2% of traded value per rebalance. No AUM fee, no lock in. Line behind: the Focused Largecap 20 model record, after charges, as of 27 Apr 2026. Not a promise of future returns.