---
title: "Portfolio Construction and Execution for Indian Investors"
description: "Modern Portfolio Theory, position sizing, rebalancing, performance measurement, and execution in Indian markets"
source_url: "https://www.rupeecase.com/learn/portfolio-construction"
---

[Home](/)/[Learn](/learn/)/Portfolio Construction

## Building the portfolio

    Portfolio construction is the decision layer between strategy selection and live capital. Even if you have a perfect stock selection rule, a portfolio that sizes positions badly or rebalances on a bad schedule will underperform a portfolio that picks worse names with better construction. The math here is not optional.

      [Path 4 · Module 1Modern Portfolio TheoryMean variance optimisation, efficient frontier, Markowitz framework. What still works and what does not.](/learn/path-4/module-4-1-modern-portfolio-theory.html)
      [Path 4 · Module 2Position sizingEqual weight, market cap, inverse volatility, risk parity. Which to pick when.](/learn/path-4/module-4-2-position-sizing.html)
      [Path 4 · Module 3Rebalancing strategiesCalendar based vs threshold based. Frequency tradeoffs. Tax drag in Indian equity.](/learn/path-4/module-4-3-rebalancing-strategies.html)
      [Path 4 · Module 4Performance measurementCAGR, IRR, Sharpe, Sortino, max drawdown. What each tells you and what it hides.](/learn/path-4/module-4-4-performance-measurement.html)
      [Path 4 · Module 5Risk managementVolatility targeting, drawdown control, stop-loss rules that do not hurt more than they help.](/learn/path-4/module-4-5-risk-management.html)

## Executing in live markets

    A strategy that looks great in backtest can lose 2 or 3 percent a year to bad execution. Slippage, market impact, timing of orders, broker API quirks. Path 10 is about the gap between clean simulation and messy reality.

      [Path 10 · Module 1How orders actually work: market microstructure in IndiaOrder books, matching engines, tick size, pre-open, auction periods.](/learn/path-10/module-10-1-how-orders-actually-work-market-microstructure-india.html)
      [Path 10 · Module 2The real cost of trading: slippage and transaction costsBid-ask spread, market impact, STT, GST, brokerage, exchange charges.](/learn/path-10/module-10-2-the-real-cost-of-trading-slippage-and-transaction-costs.html)
      [Path 10 · Module 3Systematic execution: APIs, algos, SEBI rulesBroker APIs, algo approval, SEBI co-location rules, order throttling.](/learn/path-10/module-10-3-systematic-execution-in-india-apis-algos-and-sebi-rules.html)
      [Path 10 · Module 4Paper trading to live: the hardest transitionWhy backtests lie to you and what to do about it before putting real money down.](/learn/path-10/module-10-4-paper-trading-to-live-the-hardest-transition.html)
      [Path 10 · Module 5Portfolio monitoring and rebalancing in practiceDaily routines, alert design, handling corporate actions mid-strategy.](/learn/path-10/module-10-5-portfolio-monitoring-and-rebalancing-in-practice.html)
      [Path 10 · Module 6Scaling: when your strategy meets capacityWhy a strategy that works on ₹10L may break at ₹10Cr. Liquidity constraints.](/learn/path-10/module-10-6-scaling-when-your-strategy-meets-capacity.html)

      See it in practice

      The RupeeCase strategies apply every principle in this pillar.

    [View Strategies →](/#strategies)

### Related pillars

      [Systematic InvestingRules over gut feel](/learn/systematic-investing.html)
      [Indian MarketsFoundations and products](/learn/indian-markets.html)
      [Behaviour and BusinessPsychology and fundamentals](/learn/behaviour-and-business.html)
      [Macro, Tax, RegulationRegime and compliance](/learn/macro-tax-regulation.html)

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