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RupeeCase notes . Topic

Strategy notes

Dated notes on individual RupeeCase cards and the shelf: model, back tested figures as published on the note's date, with the current number on each strategy page.

  • 22notes in this topic
  • 6to read in order
  • 3questions answered

01Read in this order

Six notes that carry the idea.

  1. 01Drawdown is the KPI nobody asks about6 min .
  2. 025 vs 20 vs 50 stocks: what concentration buys and takes back6 min .
  3. 03You sorted by return. Here is what you missed.8 min .
  4. 04The shallow fall compounds7 min .
  5. 05Max drawdown is a record, not a limit5 min .
  6. 06TotalMarket Hybrid: the gold free twin6 min .

02Every note

22 notes, newest first.

  1. You sorted by return. Here is what you missed.Re sorting the shelf by Calmar moves Midcap Smallcap from rank two to eight and Large Mid Multi Asset from ten to four, because the recovery column is the one that matters. . 8 min
  2. The shallow fall compoundsSorted by max drawdown instead of CAGR, Large Mid Multi Asset's 17.61 percent hole was the shallowest on the shelf and its 2025, up 10.1 percent, the best in the table. . 7 min
  3. Midcap: the 41 percent and the 322 daysThe Midcap card spent 322 days below its high and fell almost 24 percent in two months of 2025, and the 41 percent CAGR belonged to whoever stayed seated. . 6 min
  4. Max drawdown is a record, not a limitThe Nifty's worst fall inside the backtest window is 16.92 percent, against about 38 percent in 2020 and 60 percent in 2008, so double the worst number you see. . 5 min
  5. TotalMarket Hybrid: the gold free twinSwapping the 10 percent gold sleeve for debt gave back just under a point of CAGR, 43.57 against 42.62, half a point of drawdown and 35 days of recovery. . 6 min
  6. Largecap Hybrid: a buffer is a shock absorber, not a shieldOne of only two cards whose worst week was softer than the Nifty's own still closed 2025 down 2.9 percent, because the 80 percent equity sleeve decides the year. . 5 min
  7. Large Mid Hybrid: the debt sleeve that did two jobsThe 20 percent liquid sleeve softened the worst fall to 18.30 percent and, because it is never traded fortnightly, cut the five year friction bill from 67 to 54 points. . 6 min
  8. Midcap Smallcap: breadth is not diversificationForty small and mid names dug a deeper hole than the five stock card, 26.17 against 24.72 percent, because forty tickers that fall in the same week are one bet. . 5 min
  9. Large Mid Multi Asset: the card that finished 2025 greenIt closed 2025 up 10.1 percent while the broad cards fell, giving up 6.45 points of CAGR for a 17.61 percent worst hole and the highest win rate. . 5 min
  10. Large Midcap: when the return is a tie, the drawdown decidesLarge Midcap, Smallcap and Microcap all printed about 41 percent, with holes of 19.30, 22.35 and 26.44 percent, and only the first finished 2025 up. . 5 min
  11. Alpha 5: concentration is a position sizeFive equal weight names did nearly fourteen times the index over five years through a 24.72 percent drawdown and 31.68 percent volatility, so size it as a 5 to 15 percent satellite. . 5 min
  12. Allcap: the number everyone quotes and nobody picksAllcap carried the highest Sharpe of the three momentum cards at 1.77, with the shallowest drawdown of the three, and still spent 469 days underwater. . 5 min
  13. Large Cap Multi Asset: boring is the productThe slowest card on the shelf printed 25.03 percent CAGR at the lowest equity led volatility and cut the 2025 loss of its pure equity twin roughly in half. . 6 min
  14. Focused Largecap 20: twenty sized bets on a factsheetTwenty equal weight Nifty 100 names on a four week cadence printed 27.40 percent CAGR with a 27.23 percent drawdown, and the multi asset twin nearly matched its Sharpe. . 5 min
  15. Allcap Multi Asset: the better Sharpe is the mixThe 80/10/10 version of Allcap gave up 4.45 points of CAGR for a shallower hole, 98 fewer days underwater and a 2025 loss cut from 4.1 to 1.7 percent. . 5 min
  16. Microcap: the deeper you goStepping from Allcap to Microcap on the same engine flattens the return and widens the drawdown, so the cap curve is a drawdown ladder dressed up as a return ladder. . 6 min
  17. The cadence question: why two weeksRupeeCase Large Midcap rebalanced 131 times in five years at a 14 day average gap, a cadence chosen to stop a momentum signal rotting without paying quarterly latency. . 5 min
  18. Drawdown is the KPI nobody asks aboutTwo RupeeCase cards share the same 80/10/10 recipe and differ only in universe; the narrower one gave up 6.45 points of CAGR and saved 3.74 points of drawdown. . 6 min
  19. Sharpe ratio, decoded on a live cardAllcap Multi Asset earned 4.1 times the Nifty's CAGR for 1.5 times its volatility, which is what a Sharpe of 1.79 against 0.79 means in plain numbers. . 5 min
  20. Smallcap: the honest yearThe RupeeCase Smallcap backtest shows four easy years and one awful one, and the 41 percent CAGR only belongs to the investor who held through 2025. . 6 min
  21. 5 vs 20 vs 50 stocks: what concentration buys and takes backThree RupeeCase backtests on the same window show five stocks winning the CAGR row and the fifty stock Allcap winning volatility, Sharpe and drawdown. . 6 min
  22. Energy Basket: the satellite, not the planetThe Energy Basket pairs the second highest CAGR on the shelf with its deepest drawdown, which is why it only earns a place sized at 5 to 15 percent beside a core. . 6 min

03Go deeper

From the notes to the course, and to the cards.

The strategiesThe free Learn course on the same ground, with a certificate at the end. 18 index algosEvery RupeeCase strategy, model back tested, in your own demat. All eight topicsBack to the hub: reading paths, search and the latest notes.

04Questions, answered with figures

Three questions readers ask about strategy notes.

Are the figures in these notes live returns?

No. Every figure is a model, back tested number as published on the note's date, from the five year window ending 27 April 2026. Current figures are on each strategy page and may differ. Read the note: Max drawdown is a record, not a limit

Which card had the shallowest drawdown?

Among the cards compared on 28 July 2026, Large Mid Multi Asset at minus 17.61 percent, and it was the only one that finished calendar 2025 positive, at plus 10.1 percent. Read the note: The shallow fall compounds

Why do the notes keep saying sort by drawdown?

Because a fall and its recovery are not symmetric: a 17.61 percent fall needs 21.4 percent back and a 39.48 percent fall needs 65.2. Re sorting the shelf by Calmar instead of CAGR scrambles the ranking. Read the note: You sorted by return. Here is what you missed.

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