Nifty 50 Equal Weight index strategy

Calendar year returns

• 2021from Jul+11.3%
• 2022+9.2%
• 2023+34.1%
• 2024+17.7%
• 2025+11.8%
• 2026to Jul−1.0%

Model, back tested, after charges, 2021 to Jul 2026. Not a promise of future returns.

Rolling returns

Model, back tested, from the month end model values, Jul 2021 to Jul 2026. Not a promise of future returns.

Deepest falls

1. −15.71%4 Oct 2024 to 10 Oct 2025371 days
2. −13.86%15 Apr 2022 to 29 Jul 2022105 days
3. −10.28%21 Jan 2022 to 1 Apr 202270 days
4. −9.94%9 Dec 2022 to 19 May 2023161 days
5. −8.91%22 Oct 2021 to 7 Jan 202277 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.

Sector allocation

• Other, not yet mapped68.2%
• Capital Goods6.8%
• Banking & Financial6.8%
• FMCG & Consumer4.5%
• Metals & Mining4.5%
• Energy & Oil & Gas4.5%
• Power & Utilities4.5%

7 sectors in the equity sleeve; the largest mapped sector is Capital Goods at 6.8%, and 68.2% of the sleeve is not yet in the sector map. Every sector the Nifty 50 carries, held at equal weight. No sector bet beyond what the index itself contains. Sector map curated against NSE listings.

Sector weight by year

65 published rebalances, 7 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.

Latest rebalance, 3 Jul 2026

Against the list of 5 Jun 2026: 0 in, 0 out, 44 held, 44 on the list.

Held

• ADANIENT
• MAXHEALTH
• SHRIRAMFIN
• ADANIPORTS
• BAJFINANCE
• ICICIBANK
• GRASIM
• ASIANPAINT
• TITAN
• AXISBANK
• SUNPHARMA
• NESTLEIND
• HINDALCO
• SBIN
• CIPLA
• KOTAKBANK
• DRREDDY
• COALINDIA
• LT
• JSWSTEEL
• ETERNAL
• BHARTIARTL
• BEL
• TECHM
• TATACONSUM
• NTPC
• M&M
• BAJAJFINSV
• POWERGRID
• TATASTEEL
• HDFCBANK
• SBILIFE
• HINDUNILVR
• RELIANCE
• JIOFIN
• ONGC
• ITC
• HDFCLIFE
• WIPRO
• HCLTECH
• INFY
• TCS
• TRENT
• INDIGO

Model portfolio, back tested rebalance record. Entered plus held is that date's list size, which can differ from the 50 stock target. Tickers are not recommendations.

Recent rebalances

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.

Nifty 50 Equal Weight against the Nifty 50

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

Moderate on a scale from Low to Very High

Deepest model fall

−15.71%

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.

Walk the risk band

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.

How it works

1. 1
   Universe

   Start from the Nifty 50.

2. 2
   Screen

   There is no ranking screen. Every stock in the universe qualifies, so nobody picks winners.

3. 3
   Weight

   Hold all 50 names at equal weight, roughly 2% each, so no single company dominates because of its size.

4. 4
   Rebalance

   Every 4 weeks the model resets the book to equal weights. Stocks that drifted up are trimmed and stocks that drifted down are topped up. The full list is published at every rebalance.

Configuration

Universe

Nifty 50

Type

Equal weight

Sleeves

Equity 100

Holdings

50, equal weight

Rebalance

Every 4 weeks, 13 a year

Risk band

Moderate

Benchmark

Nifty 50; charts draw the Nifty 50 TRI as a CAGR line

Minimum capital

About ₹2,49,000

Back test from

9 Jul 2021

Metrics window

Rolling 5 years

Prices

NSE BhavCopy; the back test deducts brokerage, STT, exchange charges and GST

Who it is written for

Written for

Investors who want a balanced equity tilt with a built-in volatility cushion

Capital

About ₹2,49,000, 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

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

₹2,49,000

Rebalances a year

13, every 4 weeks

Book traded each time

30%, an assumption

Platform fee a year, about

₹1,9400.78% of capital

Higher turnover or more capital raises the fee in proportion.

Costs inside the back test

Gross return

+115.10%before costs

Estimated costs

−2.77 ptsbrokerage, STT and taxes

Net return

+112.33%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.