--- title: "Nifty 50 Equal Weight Index Strategy | RupeeCase" description: "All 50 Nifty 50 stocks at equal weight, about 2% each, rebalanced every 4 weeks. No momentum screen. Own it in your demat, 0.2% of traded value per rebalance." source_url: "https://www.rupeecase.com/strategies/nifty-50-equal-weight" --- Equal weight, Nifty 50 # Nifty 50 Equal Weight index strategy All 50 Nifty names, equal weight. The simplest card on the lineup. **Written for** investors who want a balanced equity tilt with a built-in volatility cushion. **Moderate** risk band [Invest in Nifty 50 Equal Weight](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) [Compare head to head](/strategies/compare/5paisa-focused-alpha-5-vs-nifty-50-equal-weight) 01At a glance ## Nifty 50 Equal Weight in four numbers. CAGR**16.35%**Model, back tested Max drawdown**−15.71%**Model, back tested Minimum investment**₹2.49L**About ₹2,49,000 Fee per rebalance**0.2%**Of traded value, nothing else Nifty 50 Equal Weight, model**₹214**Nifty 50 TRI, 9.80% CAGR line**₹160** 150 200 ₹100 in the model in Jul 2021 became ₹214 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. 1. ### Invest Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money. [Invest in Nifty 50 Equal Weight](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) 2. ### Invest Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money. [Invest in Nifty 50 Equal Weight](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) 3. ### Invest Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money. [Invest in Nifty 50 Equal Weight](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) 03Factsheet ## Nifty 50 Equal Weight 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/nifty-50-equal-weight) Performance Holdings and sectors Rebalances Risk metrics Methodology Costs Documents ### PerformanceYears, months, rolling returns, falls, the stress test ### Performance #### 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. #### What an amount would have become One time Every month Amount, ₹ You put in₹2,49,000 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. Month**Feb 2025** Below the last peak**−15.7%** Back to the peak Model value, log scaleBelow the last peak Month on the record Deepest falls, daily record **−15.7%**Oct 2024, 371 days to recover **−13.9%**Apr 2022, 105 days to recover **−10.3%**Jan 2022, 70 days to recover **−9.9%**Dec 2022, 161 days to recover 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. Moderate 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 | Aug5.0 | Sep4.8 | Oct0.0 | Nov−2.7 | Dec4.5 | Year+11.3% | | 2022 | Jan−2.0 | Feb−1.8 | Mar3.6 | Apr0.7 | May−3.5 | Jun−4.4 | Jul10.5 | Aug1.9 | Sep−1.3 | Oct5.9 | Nov1.4 | Dec−1.2 | Year+9.2% | | 2023 | Jan−4.0 | Feb−2.8 | Mar1.3 | Apr5.8 | May4.3 | Jun5.7 | Jul3.1 | Aug−0.6 | Sep3.5 | Oct−1.7 | Nov5.7 | Dec10.4 | Year+34.1% | | 2024 | Jan1.8 | Feb4.9 | Mar1.6 | Apr1.7 | May3.4 | Jun3.9 | Jul4.2 | Aug2.7 | Sep2.8 | Oct−7.0 | Nov−0.7 | Dec−2.1 | Year+17.7% | | 2025 | Jan−1.5 | Feb−5.3 | Mar5.5 | Apr4.7 | May2.6 | Jun3.8 | Jul−3.4 | Aug−0.1 | Sep0.3 | Oct5.0 | Nov0.7 | Dec−0.6 | Year+11.8% | | 2026 | Jan−3.3 | Feb1.4 | Mar−8.9 | Apr9.6 | May−1.3 | Jun0.8 | Jul1.8 | Augno data | Sepno data | Octno data | Novno data | Decno data | Year to date−1.0% | 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−4.0% Median+11.6% Best+54.0% Positive94%of 49 windows Return over each 12 month window. ##### Any 3 years Worst+15.5% Median+20.9% Best+27.0% Positive100%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 1. **−8.91%**22 Oct 2021 to 7 Jan 2022*77 days* 2. **−8.91%**22 Oct 2021 to 7 Jan 2022*77 days* 3. **−8.91%**22 Oct 2021 to 7 Jan 2022*77 days* 4. **−8.91%**22 Oct 2021 to 7 Jan 2022*77 days* 5. **−8.91%**22 Oct 2021 to 7 Jan 2022*77 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 sectors44 holdings, 7 sectors ### Holdings and sectors #### 44 holdings * Equity**100%** * 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 [Live quantities, prices and book values are in the app](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) Equal weight across the 44 names on the published list of 3 Jul 2026. Model portfolio, not a recommendation to buy or sell any stock. #### Sector allocation * Other, not yet mapped**68.2%** * Capital Goods**6.8%** * Banking & Financial**6.8%** * FMCG & Consumer**4.5%** * Metals & Mining**4.5%** * Energy & Oil & Gas**4.5%** * Power & Utilities**4.5%** 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 | Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now | | --- | --- | --- | --- | --- | --- | --- | --- | | Other, not yet mapped | 67 | 68 | 68 | 68 | 68 | 68 | 68 | | Capital Goods | 7 | 7 | 7 | 7 | 7 | 7 | 7 | | Banking & Financial | 7 | 7 | 7 | 7 | 7 | 7 | 7 | | Metals & Mining | 5 | 5 | 5 | 5 | 5 | 5 | 5 | | FMCG & Consumer | 5 | 5 | 5 | 4 | 4 | 5 | 5 | | Energy & Oil & Gas | 5 | 5 | 5 | 5 | 5 | 5 | 5 | | Power & Utilities | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 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. ### Rebalances65 published, latest 3 Jul 2026 ### Rebalances #### The rebalance record published rebalances65 first in the record6 Aug 2021 13 a yearEvery 4 weeks latest published3 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: **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 | Date | On the list | In | Out | | --- | --- | --- | --- | | 3 Jul 2026 | 44 | 0 | 0 | | 5 Jun 2026 | 44 | 0 | 0 | | 8 May 2026 | 44 | 0 | 0 | | 10 Apr 2026 | 44 | +1 | 0 | | 13 Mar 2026 | 43 | 0 | 0 | | 13 Feb 2026 | 43 | 0 | 0 | | 16 Jan 2026 | 43 | +1 | 0 | | 19 Dec 2025 | 42 | 0 | 0 | | 21 Nov 2025 | 42 | 0 | 0 | | 24 Oct 2025 | 42 | 0 | 0 | | 26 Sep 2025 | 42 | +1 | 0 | | 29 Aug 2025 | 41 | 0 | 0 | [Every rebalance with its names](/rebalance/nifty-50-equal-weight/)[Rebalance history, CSV](/data/rebalances/nifty-50-equal-weight.csv) Names on the list, names in and names out at each date; the history page and the CSV have every name. ### Risk metricsSharpe 1.13, volatility 14.23% ### Risk metrics #### Nifty 50 Equal Weight against the Nifty 50 | Metric | Nifty 50 Equal Weight | Nifty 50 | | --- | --- | --- | | Sharpe ratio | 1.13 | 0.69 | | Sortino ratio | 1.11 | 0.67 | | Calmar ratio | 1.03 | 0.54 | | Volatility, a year | 14.23% | 14.15% | | Max drawdown | −15.71% | −16.92% | | Best week | +5.50% | +6.36% | | Worst week | −6.48% | −6.33% | | Weeks up | 56.70% | 56.32% | | Average up week | +1.66% | +1.53% | | Average down week | −1.50% | −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 **Moderate** on a scale from Low to Very High Deepest model fall−15.71% Time horizon5 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 Already at the conservative end of the lineup. [One step bolder (Moderately High)Focused Largecap 20CAGR 26.3%, Sharpe 1.20, max drawdown −23.6%](/strategies/focused-largecap-20) 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 50, every 4 weeks ### Methodology #### How it works 1. 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. 2. 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. 3. 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. 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 UniverseNifty 50 TypeEqual weight SleevesEquity 100 Holdings50, equal weight RebalanceEvery 4 weeks, 13 a year Risk bandModerate BenchmarkNifty 50; charts draw the Nifty 50 TRI as a CAGR line Minimum capitalAbout ₹2,49,000 Back test from9 Jul 2021 Metrics windowRolling 5 years PricesNSE BhavCopy; the back test deducts brokerage, STT, exchange charges and GST #### Why Nifty 50 Equal Weight Tick by tick, drawn as data The simplest card on the lineup. All 50 Nifty names, equal weight, rebalanced every 4 weeks. No momentum screen. No buffer sleeve. No selection at all. The only decision this card makes is to keep every position the same size. That one decision matters more than it looks. The cap-weighted Nifty concentrates its fate in a handful of giants at the top. Equal weight spreads the same 50 names evenly, so the smaller half of the index actually moves the needle and no single conglomerate decides your month. This is discipline over selection. Every 4 weeks the card trims what has run and tops up what has lagged, which quietly forces the sell-high, buy-low behaviour most investors never manage by hand. It suits first-time systematic investors who want index breadth with equal-weight balance instead of cap-weight concentration, one rule they can explain at a dinner table, and a rhythm slow enough to watch and learn from. ##### Key takeaways * All 50 Nifty names, equal weight, no screen, no buffer * One rule: keep every position the same size * Index breadth without cap-weight concentration * The starter card for first-time systematic investors 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 a balanced equity tilt with a built-in volatility cushion CapitalAbout ₹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](/technology) #### Learn the mechanics * [Building your first strategya 30 minute primer](/learn/path-2/module-2-5-building-your-first-strategy) * [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₹2,49,000 Rebalances a year13, every 4 weeks Book traded each time30%, 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. #### 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/nifty-50-equal-weight) * [Rebalance history, CSVEvery published list, 65 rebalances, 6 Aug 2021 to 3 Jul 2026.](/data/rebalances/nifty-50-equal-weight.csv) * [Rebalance history pageEach rebalance with what came in and what went out.](/rebalance/nifty-50-equal-weight/) * [This strategy as plain textMarkdown, for reading tools and AI assistants.](/strategies/nifty-50-equal-weight.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 Nifty 50 Equal Weight strategy? All 50 Nifty names, equal weight. The simplest card on the lineup. It selects the top 50 momentum names from Nifty 50 and rebalances every 4 weeks. ### What is the minimum investment for Nifty 50 Equal Weight? About ₹2,49,000, 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 Nifty 50 Equal Weight compare to the Nifty 50? Nifty 50 Equal Weight shows a model CAGR of 16.35% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.13. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns. ### What is the worst drawdown Nifty 50 Equal Weight has experienced? 15.71% peak to trough in the model record. The deepest period ran 371 days, from 4 Oct 2024 to 10 Oct 2025. 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 Nifty 50 Equal Weight? 0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. On the minimum capital of ₹2,49,000, the platform fee works out to about ₹1,940 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 Nifty 50 Equal Weight 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 HighHybrid Largecap Hybrid Nifty 100, 21 stocks, every 4 weeks CAGR, model22.74%Max DD−22.0%From₹1.25L Moderately High risk, hybrid](/strategies/largecap-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](/strategies/largecap-multi-asset) CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026. ### Compare Nifty 50 Equal Weight with * [vs5Paisa Focused Alpha 5CAGR 54.1%, Sharpe 1.60](/strategies/compare/5paisa-focused-alpha-5-vs-nifty-50-equal-weight) * [vsFocused Largecap 20CAGR 26.3%, Sharpe 1.20](/strategies/compare/nifty-50-equal-weight-vs-focused-largecap-20) * [vsAllcapCAGR 44.7%, Sharpe 1.68](/strategies/compare/nifty-50-equal-weight-vs-allcap) Explore next ## Go deeper on this strategy. * [GuideDirect indexing in India: owning the index stock by stockShares instead of units: the costs, the tax, the tracking error and who it suits.](/guides/direct-indexing-india) * [Free module 1.3Indices & Benchmarks13 min read](/learn/path-1/module-1-3-indices-and-benchmarks) * [Free module 6.5Index Funds vs ETFs vs Active, The Evidence in India8 min read](/learn/path-6/module-6-5-index-funds-vs-etfs-vs-active) * [TierStarter tier strategies2 strategies grouped by job](/strategies/by-tier/starter) * [CalculatorSIP calculatorFree, with the formula and a worked example](/learn/tools/sip-calculator) * [Blog noteThe Nifty 50 is 10 stocks plus 40 footnotesPortfolio construction, a short note](/blog/2026-05-02-morning-equal-weight-vs-cap-weight/) Ready when you are ## Nifty 50 Equal Weight 16.35% CAGR, model, back tested. About ₹2.49L to start. Every 4 weeks, you approve each one. [Invest in Nifty 50 Equal Weight](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) [Compare head to head](/strategies/compare/5paisa-focused-alpha-5-vs-nifty-50-equal-weight) 0.2% of traded value per rebalance. No AUM fee, no lock in. Line behind: the Nifty 50 Equal Weight model record, after charges, as of 27 Apr 2026. Not a promise of future returns.