--- title: "Index Investing in India | Rules Based Indices | RupeeCase" description: "Index investing in India beyond the Nifty 50: rules based momentum, factor and multi asset indices on NSE and BSE that you own stock by stock." source_url: "https://www.rupeecase.com/index-investing" --- Index investing # An algo like an index. Index investing in India takes the guesswork out. RupeeCase takes it further: a better rule, published, in your own demat. * **18**rule based indices * **NSE, BSE**Indian markets only * **Your demat**you hold every share [Sign up for RupeeCase](https://invest.rupeecase.com/signup)[See the strategies](/strategies/) 01Validate ## Read the rule. Test the record. Every strategy shows its universe, its rule, its cadence and the full model back test after costs, against the Nifty 50. 02From index to algo ## What an index really is. 1. **04**Every rebalance, publishedIn, out and held, on each date. 2. **04**Every rebalance, publishedIn, out and held, on each date. 3. **04**Every rebalance, publishedIn, out and held, on each date. 4. **04**Every rebalance, publishedIn, out and held, on each date. Size is the whole rule. Illustration of a size weighted index of 50 companies: the biggest circles carry the most weight, whatever they did last quarter. Not real weights. Change the rule, change the result. A plain indexA RupeeCase index **Chosen by**Company size*A published quantitative rule**A published rule* **Changes**Twice a year*A fixed short cycle, every rebalance logged**Short fixed cycle, logged* **Who holds it***A fund, you hold units**A fund; you hold units**You, in your own demat**You, in your demat* **Costs***A yearly fee on the whole amount**Yearly fee on it all**0.2% of traded value, only when it trades**0.2% of what trades* Superior means the rule beat the plain index over its published back test window, with brokerage, STT, exchange charges and GST deducted. Five fixed steps. Run the same way every time. 1. *05***Publish**in, out and held 2. *05***Publish**in, out and held 3. *05***Publish**in, out and held 4. *05***Publish**in, out and held 5. *05***Publish**in, out and held Allcap: 50 stocks from Nifty Total Market, rebalanced every two weeks, minimum ₹2,42,000 (published lineup, 17 Jul 2026). On every date: in, out and held. 03Validate, from the record ## Allcap against the Nifty 50. Drawn from the published model history after charges. Model, back tested; not a promise of future returns. Hover or tap any month. [Open Allcap](/strategies/allcap)[The whole record](/track-record) 04In the product ## Three stages, three screens. Recorded from the RupeeCase terminal on sample data. Not a render, not a mock up. 01 ### Compare Lay a strategy's model history against the Nifty indices, then the strategies against each other: universe, risk, minimum, cadence and the record. [Compare the strategies](/compare)[Against funds, PMS, AIF](/vs/) 02 ### Validate Each strategy page draws its model history against the Nifty 50, with every drawdown, holding and rebalance. Hover any month. [Read the strategies](/strategies/) 03 ### Invest Invest at or above the minimum, in practice mode first if you like. On each rebalance you see what goes in and out, approve it, and your broker executes. [Sign up for RupeeCase](https://invest.rupeecase.com/signup) 05Questions ## Index investing, answered. Straight answers, written to be quoted. ### What is index investing? Index investing means owning a basket of stocks chosen by a fixed rule instead of a person's judgement. A plain index such as the Nifty 50 uses one rule, company size. Index investing keeps costs low and removes guesswork because the rule decides. ### What is a rule based index? A rule based index keeps the idea of an index, a published rule, a universe and a calendar, but changes the rule: momentum, quality, value or an asset mix, scored on data and ranked, with the top names held. Each RupeeCase strategy works this way. ### What does RupeeCase mean by "an algo like an index"? Every RupeeCase strategy is an algorithm packaged like an index: a fixed universe (for example Nifty Total Market or Nifty Midcap 150), a published ranking rule, a set number of holdings and a fixed rebalance cadence of one to four weeks. You can read it, test it and own it. ### How do I validate a back test? Check that the rule was fixed before the test, that costs are deducted (RupeeCase deducts brokerage, STT, exchange charges and GST), that the window and the benchmark are stated, and look at the worst drawdowns, not only the return. Model, back tested figures are not a promise of future returns. ### Where do I hold an index from RupeeCase? In your own demat account at your own broker. 5paisa, Zebu and Arrow are live; Kotak Securities, Groww and Angel One are in integration. RupeeCase never holds your money or your shares. 06Next ## Keep going. [Versus funds, PMS and AIFCost, custody, lock in and taxOpen](/vs/) [The 18 strategiesRules, holdings and back testsOpen](/strategies/) [The engineAI optimised, tick by tickOpen](/technology) [Fee calculatorYour amount, your horizonOpen](/fee-calculator) Explore next ## Where to go next. * [StrategyNifty 50 Equal Weight strategyNifty 50, 50 stocks, every 4 weeks](/strategies/nifty-50-equal-weight) * [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) * [RebalancesEvery published rebalanceEach list, every name in and out](/rebalance/) * [ProductThe terminal, a product tourCompare, back test and invest in one place](/terminal) ## Own the index. Keep your broker. [Sign up for RupeeCase](https://invest.rupeecase.com/signup)[See the strategies](/strategies/) Every return figure on this page is Model, back tested, with its as of date shown beside it, after charges, and not a promise of future returns. RupeeCase is a technology platform operated by QC Alpha Technologies Pvt Ltd. It is not a mutual fund, a PMS, an AIF or a SEBI registered investment adviser. Research by QC Alpha Research Pvt Ltd, SEBI research analyst registration pending. Trades execute through your own SEBI registered broker. Investments in securities markets are subject to market risks. Nothing here is investment advice. Photography: NSE Exchange Plaza by KirtiKakad, [CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/); Video wall with Goddard Logo by Innoface Systems, [CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/); Coastal road, Mumbai, in the evening light. November 2025 by Qiw007, [CC BY 4.0](https://creativecommons.org/licenses/by/4.0/); B&W motherboard circuits by Jonathan Cutrer from San Angelo, Texas, USA, [CC BY 2.0](https://creativecommons.org/licenses/by/2.0/); A night in Mumbai by Siddharth Shah, [CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/); other photographs CC0, public domain or our own, regraded; device screens show the RupeeCase app on sample data. Full list: [credits](/instiv2/credits.json).