--- title: "Largecap Hybrid | Nifty 100 Momentum plus Debt | RupeeCase" description: "20 Nifty 100 momentum stocks with 20% LiquidCase debt, rebalanced every 4 weeks. An 80/20 index you own in your demat, 0.2% of traded value per rebalance." source_url: "https://www.rupeecase.com/strategies/largecap-hybrid" --- Hybrid, Nifty 100 # Largecap Hybrid Nifty 100 hybrid strategy 20 largecap stocks plus 20% LiquidCase. 80/20 equity-plus-debt on the Nifty 100. **Written for** investors who want growth but read a 25% drawdown as opportunity, not panic. **Moderately High** risk band [Invest in Largecap Hybrid](https://invest.rupeecase.com/signup?strategy=largecap-hybrid) [Compare Largecap Hybrid](/strategies/compare/focused-largecap-20-vs-largecap-hybrid) 01At a glance ## Largecap Hybrid in four numbers. CAGR**22.74%**Model, back tested Max drawdown**−22.04%**Model, back tested Minimum investment**₹1.25L**About ₹1,25,000 Fee per rebalance**0.2%**Of traded value, nothing else Largecap Hybrid, model**₹296**Nifty 50 TRI, 9.80% CAGR line**₹162** 150 200 300 ₹100 in the model in May 2021 became ₹296 by Jul 2026; the Nifty 50 TRI line reached ₹162. Model, back tested. As of 27 Apr 2026. After charges, log scale. Not a promise of future returns. 02Three steps ## Compare. Validate. Invest. 1. ### Invest Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money. [Invest in Largecap Hybrid](https://invest.rupeecase.com/signup?strategy=largecap-hybrid) 2. ### Invest Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money. [Invest in Largecap Hybrid](https://invest.rupeecase.com/signup?strategy=largecap-hybrid) 3. ### Invest Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money. [Invest in Largecap Hybrid](https://invest.rupeecase.com/signup?strategy=largecap-hybrid) 03Factsheet ## Largecap Hybrid factsheet Every figure behind the four numbers, in seven parts. Return figures are model, back tested and after charges; each block names its date. Print [PDF factsheet](https://www.rupeecase.com/strategies/factsheets/largecap-hybrid) Performance Holdings and sectors Rebalances Risk metrics Methodology Costs Documents ### PerformanceYears, months, rolling returns, falls, the stress test ### Performance #### Calendar year returns * 2021from May**+24.1%** * 2022**+26.8%** * 2023**+51.4%** * 2024**+26.9%** * 2025**−2.9%** * 2026to May**+2.5%** Model, back tested, after charges, 2021 to May 2026. Not a promise of future returns. #### What an amount would have become One time Every month Amount, ₹ You put in₹1,25,000 Model value Gain Model, back tested: the published monthly model returns after charges, May 2021 to May 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. Month**Feb 2025** Below the last peak**−19.3%** Back to the peak Model value, log scaleBelow the last peak Month on the record Deepest falls, daily record **−16.5%**Apr 2022, 112 days to recover **−13.5%**Dec 2022, 168 days to recover **−9.2%**Oct 2021, 154 days to recover **−6.6%**Sep 2023, 49 days to recover Model, back tested. As of 27 Apr 2026. The scrub reads month end model values from May 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 | May1.6 | Jun2.8 | Jul3.8 | Aug5.8 | Sep4.6 | Oct3.6 | Nov−3.1 | Dec3.1 | Year+24.1% | | 2022 | Jan−0.2 | Feb−1.0 | Mar4.5 | Apr6.7 | May−8.1 | Jun−3.6 | Jul12.1 | Aug5.3 | Sep0.1 | Oct6.0 | Nov3.0 | Dec0.6 | Year+26.8% | | 2023 | Jan−6.2 | Feb−4.5 | Mar0.1 | Apr6.1 | May2.7 | Jun9.5 | Jul7.1 | Aug−0.4 | Sep8.4 | Oct−3.6 | Nov10.1 | Dec15.1 | Year+51.4% | | 2024 | Jan10.5 | Feb5.4 | Mar0.1 | Apr2.5 | May10.3 | Jun1.4 | Jul4.3 | Aug−3.4 | Sep1.7 | Oct−9.0 | Nov1.6 | Dec0.3 | Year+26.9% | | 2025 | Jan−6.2 | Feb−5.5 | Mar3.8 | Apr2.1 | May2.0 | Jun1.1 | Jul−4.3 | Aug−1.0 | Sep1.8 | Oct5.0 | Nov−1.0 | Dec0.0 | Year−2.9% | | 2026 | Jan−2.5 | Feb7.8 | Mar−12.4 | Apr13.8 | May−2.1 | Junno data | Julno data | Augno data | Sepno data | Octno data | Novno data | Decno data | Year to date+2.5% | 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−15.5% Median+22.1% Best+103.8% Positive78%of 51 windows Return over each 12 month window. ##### Any 3 years Worst+18.6% Median+29.4% Best+45.6% Positive100%of 27 windows CAGR over each 36 month window. Model, back tested, from the month end model values, May 2021 to Jul 2026. Not a promise of future returns. #### Deepest falls 1. **−5.31%**23 Feb 2024 to 29 Mar 2024*35 days* 2. **−5.31%**23 Feb 2024 to 29 Mar 2024*35 days* 3. **−5.31%**23 Feb 2024 to 29 Mar 2024*35 days* 4. **−5.31%**23 Feb 2024 to 29 Mar 2024*35 days* 5. **−5.31%**23 Feb 2024 to 29 Mar 2024*35 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 sectors21 holdings, 6 sectors ### Holdings and sectors #### 21 holdings * Equity**70%** * Debt**20%** * LIQUIDCASE**19.9%***Debt* * VEDL**4.0%** * ADANIPOWER**3.9%** * TATASTEEL**3.9%** * HAL**3.8%** * HINDZINC**3.8%** * NTPC**3.8%** * SHRIRAMFIN**3.8%** * VBL**3.7%** * TATAPOWER**3.7%** * PFC**3.7%** * NESTLEIND**3.6%** * LODHA**3.6%** * CGPOWER**3.5%** * HINDALCO**3.5%** * ADANIGREEN**3.4%** * ADANIENSOL**3.3%** * SIEMENS**2.9%** * ADANIPORTS**2.9%** * ENRIN**2.6%** * ADANIENT**2.1%** [Live quantities, prices and book values are in the app](https://invest.rupeecase.com/signup?strategy=largecap-hybrid) Weights on the rebalance day, 11 May 2026; they drift with prices until the next rebalance. Model portfolio, not a recommendation to buy or sell any stock. #### Sector allocation * Power & Utilities**25.8%** * Other, not yet mapped**24.9%** * Metals & Mining**21.9%** * Capital Goods**11.4%** * Banking & Financial**10.8%** * FMCG & Consumer**5.3%** 6 sectors in the equity sleeve; the largest mapped sector is Power & Utilities at 25.8%, and 24.9% of the sleeve is not yet in the sector map. Nifty 100 large-cap spread: metals, power, energy, banks, engineering, consumer. Adani group companies sit among the equity holdings at this snapshot. 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 | 74 | 77 | 32 | 25 | | Power & Utilities | 13 | 16 | 10 | 8 | 6 | 13 | 25 | | Metals & Mining | 11 | 4 | 4 | 5 | 7 | 22 | 20 | | Capital Goods | 8 | 9 | 9 | 2 | 3 | 4 | 15 | | Banking & Financial | 4 | 4 | 6 | 3 | 3 | 15 | 10 | | FMCG & Consumer | 5 | 7 | 6 | 3 | 2 | 6 | 5 | | Energy & Oil & Gas | 2 | 4 | 2 | 3 | 0 | 6 | out | | Pharma & Healthcare | 0 | 1 | 1 | 2 | 1 | 4 | out | 86 published rebalances, 8 sectors touched, 6 held on the latest list (8 May 2026). Each cell is the average weight that year, equal weighted at the stock level; darker is a higher weight. ### Rebalances86 published, latest 8 May 2026 ### Rebalances #### The rebalance record published rebalances86 first in the record14 May 2021 13 a yearEvery 4 weeks latest published8 May 2026 Rebalances run on a fixed calendar; you approve each one before your broker places the orders. #### Latest rebalance, 8 May 2026 Against the list of 1 May 2026: **11 in**, **11 out**, 10 held, 21 on the list. ##### In * ADANIGREEN * ADANIENT * VBL * SIEMENS * CGPOWER * NESTLEIND * ADANIPORTS * ENRIN * LODHA * HAL * HINDZINC ##### Out * UNIONBANK * COALINDIA * CUMMINSIND * ONGC * SBIN * DMART * JINDALSTEL * TORNTPHARM * TITAN * POWERGRID * TVSMOTOR ##### Held * ADANIPOWER * ADANIENSOL * VEDL * HINDALCO * TATAPOWER * PFC * TATASTEEL * NTPC * SHRIRAMFIN * LIQUIDCASE Model portfolio, back tested rebalance record. Entered plus held is that date's list size, which can differ from the 21 stock target. Tickers are not recommendations. #### Recent rebalances | Date | On the list | In | Out | | --- | --- | --- | --- | | 8 May 2026 | 21 | +11 | −11 | | 1 May 2026 | 21 | 0 | 0 | | 10 Apr 2026 | 21 | +6 | −6 | | 3 Apr 2026 | 21 | 0 | 0 | | 13 Mar 2026 | 21 | +4 | −4 | | 6 Mar 2026 | 21 | 0 | 0 | | 13 Feb 2026 | 21 | +8 | −8 | | 6 Feb 2026 | 21 | 0 | 0 | | 16 Jan 2026 | 21 | +6 | −6 | | 9 Jan 2026 | 21 | 0 | 0 | | 19 Dec 2025 | 21 | +5 | −5 | | 12 Dec 2025 | 21 | 0 | 0 | [Every rebalance with its names](/rebalance/largecap-hybrid/)[Rebalance history, CSV](/data/rebalances/largecap-hybrid.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 1. 24 Oct 2025Banking & Financial **+15 pts**, Other, not yet mapped **+10 pts**, Power & Utilities **−10 pts** 2. 24 Oct 2025Banking & Financial **+15 pts**, Other, not yet mapped **+10 pts**, Power & Utilities **−10 pts** 3. 24 Oct 2025Banking & Financial **+15 pts**, Other, not yet mapped **+10 pts**, Power & Utilities **−10 pts** 4. 24 Oct 2025Banking & Financial **+15 pts**, Other, not yet mapped **+10 pts**, Power & Utilities **−10 pts** 5. 24 Oct 2025Banking & Financial **+15 pts**, Other, not yet mapped **+10 pts**, Power & Utilities **−10 pts** 6. 24 Oct 2025Banking & Financial **+15 pts**, Other, not yet mapped **+10 pts**, Power & Utilities **−10 pts** 21 such shifts in 86 rebalances; the latest six. Equity sleeve, equal weighted at the stock level. ### Risk metricsSharpe 1.25, volatility 19.12% ### Risk metrics #### Largecap Hybrid against the Nifty 50 | Metric | Largecap Hybrid | Nifty 50 | | --- | --- | --- | | Sharpe ratio | 1.25 | 0.73 | | Sortino ratio | 1.25 | 0.70 | | Calmar ratio | 1.12 | 0.58 | | Volatility, a year | 19.12% | 14.04% | | Max drawdown | −22.04% | −16.92% | | Best week | +7.38% | +6.36% | | Worst week | −6.20% | −6.33% | | Weeks up | 58.62% | 57.47% | | Average up week | +2.23% | +1.49% | | Average down week | −2.05% | −1.57% | Model, back tested, after charges. Weekly figures over the rolling 5 years window to 27 Apr 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−22.04% Time horizon5 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. ##### Walk the risk band [One step safer (Moderate)Nifty 50 Equal WeightCAGR 16.4%, Sharpe 1.13, max drawdown −15.7%](/strategies/nifty-50-equal-weight)[One step bolder (High)MidcapCAGR 38.8%, Sharpe 1.49, max drawdown −24.9%](/strategies/midcap) CAGR, Sharpe and max drawdown on the cards: Model, back tested. As of 27 Apr 2026. [Take the risk profile](/risk-profile) to see which bands sit within yours. ### MethodologyNifty 100, every 4 weeks ### Methodology #### How it works 1. 4**Rebalance**Every 4 weeks the model runs again end to end. Names that fall out of the top 21 are sold; new entrants are bought. The full list is published at every rebalance. 2. 4**Rebalance**Every 4 weeks the model runs again end to end. Names that fall out of the top 21 are sold; new entrants are bought. The full list is published at every rebalance. 3. 4**Rebalance**Every 4 weeks the model runs again end to end. Names that fall out of the top 21 are sold; new entrants are bought. The full list is published at every rebalance. 4. 4**Rebalance**Every 4 weeks the model runs again end to end. Names that fall out of the top 21 are sold; new entrants are bought. The full list is published at every rebalance. #### Configuration UniverseNifty 100 TypeHybrid SleevesEquity 80, debt 20 Holdings21 RebalanceEvery 4 weeks, 13 a year Max stock price₹5,000 Risk bandModerately High BenchmarkNifty 50; charts draw the Nifty 50 TRI as a CAGR line Minimum capitalAbout ₹1,25,000 Back test from7 May 2021 Metrics windowRolling 5 years PricesNSE BhavCopy; the back test deducts brokerage, STT, exchange charges and GST #### Why Largecap Hybrid Model optimisation, drawn as a surface 20 stocks from the Nifty 100, equal-weighted, plus 20% LiquidCase debt. Rebalance every 4 weeks. No gold sleeve. The equity-plus-debt sibling of Largecap Multi Asset on the Nifty 100 universe. The debt sleeve is a separate asset from the equity sleeve and does not hedge it. The trade versus the multi-asset twin is simple: no gold means no inflation hedge and no commodity in the portfolio. Years where gold carries the cushion will show up as a gap between the two cards' figures. Years where gold sits flat will not. For an investor who explicitly does not want gold exposure on a largecap framework, the 80/20 equity-plus-debt split is the simplest debt-buffered largecap structure. ##### Key takeaways * Largecap momentum on Nifty 100 with an 80/20 equity-plus-debt overlay * 4-week cadence keeps turnover and cost at the light end of the lineup * A 20% LiquidCase cushion, no gold, no commodity * The simplest debt-buffered largecap structure on the lineup 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 forInvestors who want growth but read a 25% drawdown as opportunity, not panic CapitalAbout ₹1,25,000, 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. [The engine, tick by tick execution data and the audit trail](/technology) #### Learn the mechanics * [Modern portfolio theorycore and satellite for large cap books](/learn/path-4/module-4-1-modern-portfolio-theory) * [Momentum factorthe engine behind these strategies](/learn/path-3/module-3-1-momentum-factor-deep-dive) * [How back testing worksreading the five year numbers honestly](/learn/path-2/module-2-4-how-backtesting-works) * [Risk metrics that matterSharpe, Sortino, max drawdown](/learn/path-2/module-2-3-risk-metrics-that-matter) Free modules from the RupeeCase Learn library. No sign up. ### Costs0.2% of traded value per rebalance ### 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₹1,25,000 Rebalances a year13, every 4 weeks Book traded each time30%, an assumption Platform fee a year, about₹9800.78% of capital Higher turnover or more capital raises the fee in proportion. #### Costs inside the back test Gross return+229.04%before costs Estimated costs−28.22 ptsbrokerage, STT and taxes Net return+200.82%after costs Nifty 50, same window+59.62%cumulative Model, back tested, cumulative over the rolling 5 years window to 27 Apr 2026. Net is gross minus estimated costs, as on the current factsheet. Not a promise of future returns. #### Work it out for your amount [Fee calculator](/fee-calculator)[Pricing, with a worked example](/pricing) ### DocumentsPrint, PDF factsheet, rebalance CSV ### Documents #### Download and print * **Print this factsheet**Or save it as a PDF from the print dialog. Every section above, on clean pages. * [Download the PDF factsheetThe two page factsheet on the current site; enter your email to have a copy sent.](https://www.rupeecase.com/strategies/factsheets/largecap-hybrid) * [Rebalance history, CSVEvery published list, 86 rebalances, 14 May 2021 to 8 May 2026.](/data/rebalances/largecap-hybrid.csv) * [Rebalance history pageEach rebalance with what came in and what went out.](/rebalance/largecap-hybrid/) * [This strategy as plain textMarkdown, for reading tools and AI assistants.](/strategies/largecap-hybrid.md) * [DisclaimersHow the model figures are made and what they are not.](/disclaimers) 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 Largecap Hybrid strategy? 20 largecap stocks plus 20% LiquidCase. 80/20 equity-plus-debt on the Nifty 100. It selects the top 21 momentum names from Nifty 100 and rebalances every 4 weeks. ### What is the minimum investment for Largecap Hybrid? About ₹1,25,000, 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 Largecap Hybrid compare to the Nifty 50? Largecap Hybrid shows a model CAGR of 22.74% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.25. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns. ### What is the worst drawdown Largecap Hybrid has experienced? 22.04% 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 Largecap Hybrid? 0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. On the minimum capital of ₹1,25,000, the platform fee works out to about ₹980 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 Largecap Hybrid 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. [All 18 strategies](/strategies/#sxPick) [Moderately HighMomentum Focused Largecap 20 Nifty 100, 20 stocks, every 4 weeks CAGR, model26.29%Max DD−23.6%From₹1L Moderately High risk, momentum](/strategies/focused-largecap-20) [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](/strategies/largecap-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](/strategies/nifty-50-equal-weight) CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026. ### Compare Largecap Hybrid with * [vsFocused Largecap 20CAGR 26.3%, Sharpe 1.20](/strategies/compare/focused-largecap-20-vs-largecap-hybrid) * [vsLarge Cap Multi AssetCAGR 24.4%, Sharpe 1.32](/strategies/compare/largecap-multi-asset-vs-largecap-hybrid) Explore next ## Go deeper on this strategy. * [Free module 6.7Bonds and Fixed Income in India8 min read](/learn/path-6/module-6-7-bonds-fixed-income-india) * [TierConservative core tier strategies3 strategies grouped by job](/strategies/by-tier/conservative) * [Blog noteLargecap Hybrid: a buffer is a shock absorber, not a shieldStrategy notes, a short note](/blog/2026-07-06-evening-largecap-hybrid-buffer/) * [SectorMetals & Mining stocksNSE sector across the 18 index algos](/sectors/metals-mining) * [StockADANIENSOL, Adani Energy SolutionsOn 12 of 18 latest lists](/stocks/ADANIENSOL) * [Free module 4.3Rebalancing Strategies9 min read](/learn/path-4/module-4-3-rebalancing-strategies) Ready when you are ## Largecap Hybrid 22.74% CAGR, model, back tested. About ₹1.25L to start. Every 4 weeks, you approve each one. [Invest in Largecap Hybrid](https://invest.rupeecase.com/signup?strategy=largecap-hybrid) [Compare Largecap Hybrid](/strategies/compare/focused-largecap-20-vs-largecap-hybrid) 0.2% of traded value per rebalance. No AUM fee, no lock in. Line behind: the Largecap Hybrid model record, after charges, as of 27 Apr 2026. Not a promise of future returns.