Rebalance record, Mid and small

Data as of 11 May 2026

Smallcap rebalance history

Smallcap rebalance history is the record of every published model rebalance since 14 May 2021: 132 cycles with the names in and out. Record to 11 May 2026.

Published rebalances: 132since 14 May 2021
Cadence: Every 2 weeksabout 26 a year
Latest published: 11 May 202648 names on the list
Average turnover: 16%of the list, cycles with changes

Download the record as CSV

Turnover at each rebalanceMay 2021 to 11 May 2026, 131 cycles

Share of the list that changed, model record. Highest 40%.

Stacked ridge lines on navy, each a distribution of returns, year after year

01The latest cycle

11 May 2026: 19 out, 0 in, 48 held.

Only what changes is traded and charged. Tap a name to change it yourself.

And 43 more names held, unchanged.

Names changed19 of 48

Value traded₹39,583

Fee, 0.2%₹79

Illustration on ₹1,00,000 at equal weights: the value traded is the share of the list that changed, the fee 0.2% of that. Tickers from the published model record, not actual client trades. If nothing trades, nothing is charged.

₹100 in Smallcap became about ₹541 in the model

The model portfolio these lists describe, rebased to 100, after charges. The Nifty 50 TRI is drawn as its CAGR line, not the daily index. Model, back tested, not actual client returns. Source: RupeeCase published model record (lineup.json), monthly. As of 31 Jul 2026.

Smallcap fell at most 21.4% below its model high, month end to month end

Fall from the previous model high at each month end; 0% means a new high. Lowest: Smallcap −21.4% at Feb 2025. Monthly points, so the daily low was deeper. Model, back tested, not actual client returns. Source: RupeeCase published model record (lineup.json), monthly. As of 31 Jul 2026.

02Every rebalance

132 published rebalances, newest first.

The newest 12 with their names; older cycles below, 12 at a time.

Turnover of the last 12 Smallcap rebalances, highest 40% on 11 May 2026

Names changed at each published rebalance over the names on the new list. A cycle with no change shows 0%. Model, back tested, not actual client returns. Source: RupeeCase published rebalance lists. As of 11 May 2026.

Find a ticker in the record

Only cycles with changes

132 rebalances

2026
11 May 202648 names on the list

In
+0
Out
−19
Held
48
Turnover
40%

On ₹1,00,000 at equal weight this cycle traded about ₹39,583, fee ₹79 at 0.2%.

Out, 19
KAJARIACERFIVESTARHEGANANDRATHIHONASAZYDUSWELLRPOWERABSLAMCNATCOPHARMCARBORUNIVGPILZENTECGRAPHITEHBLENGINEWOCKPHARMASONACOMSAAVASSARDAENHOMEFIRST
8 May 202667 names on the list

In
+16
Out
−18
Held
51
Turnover
27%

On ₹1,00,000 at equal weight this cycle traded about ₹26,866, fee ₹54 at 0.2%.

In, 16
COHANCE HSCL ELECON FINCABLES BANDHANBNK RRKABEL DEEPAKNTR VIJAYA APTUS TRITURBINE BLUEJET CESC ABREL TITAGARH BEML INOXWIND
Out, 18
CCLCHENNPETROJBCHEPHARMASTERDMSAILIFEMRPLKARURVYSYAEMCURETEJASNETDOMSRBLBANKTIMKENDCMSHRIRAMJBMADELHIVERYBALRAMCHINANURASSUNTV
24 Apr 202669 names on the list

In
+20
Out
−10
Held
49
Turnover
29%

On ₹1,00,000 at equal weight this cycle traded about ₹28,986, fee ₹58 at 0.2%.

In, 20
ABDL DEEPAKFERTKAJARIACERFIVESTARHEGJPPOWER ENGINERSINRPOWERSCICARBORUNIVNAVAZENTECPNBHOUSING GRSEHBLENGINEWOCKPHARMA JUBLINGREASONACOMSAAVASHOMEFIRST
Out, 10
MCX FINCABLES KSB LAURUSLABSAKUMSINOXINDIA BANDHANBNKCUBTRIVENISTARHEALTH
10 Apr 202659 names on the list

In
+13
Out
−5
Held
46
Turnover
22%

On ₹1,00,000 at equal weight this cycle traded about ₹22,034, fee ₹44 at 0.2%.

In, 13
ACUTAASZYDUSWELLBELRISE OLAELEC ANGELONE GALLANTT HONASA WELCORPDOMSOLECTRADCMSHRIRAMJBMAANURAS
Out, 5
JKTYRESCIKIMSELGIEQUIPRRKABEL
27 Mar 202651 names on the list

In
+7
Out
−11
Held
44
Turnover
22%

On ₹1,00,000 at equal weight this cycle traded about ₹21,569, fee ₹43 at 0.2%.

In, 7
ACMESOLAR KSB INOXINDIA JINDALSAW HFCLSTARHEALTHDELHIVERY
Out, 11
ENGINERSINTARILGODREJAGROTECHNOEHONASAPOONAWALLAIFCIPGELINDIACEMCROMPTONRAMCOCEM
13 Mar 202655 names on the list

In
+8
Out
−16
Held
47
Turnover
29%

On ₹1,00,000 at equal weight this cycle traded about ₹29,091, fee ₹58 at 0.2%.

In, 8
TEJASNET J&KBANK ONESOURCETIMKENBALRAMCHINSARDAENGRANULES RRKABEL
Out, 16
WELSPUNLIVJINDALSAWLTFOODSASAHIINDIACANFINHOMERKFORGEBSOFTHBLENGINESHYAMMETLGLANDECLERXDELHIVERYCAMPUSMANAPPURAMSAGILITYUSHAMART
Average turnover by year, highest in 2026 at 23%
Names changed over names on the new list, averaged over the cycles with a change in each calendar year. Model, back tested, not actual client returns. Source: RupeeCase published rebalance lists, NSE sector classification of 9 Oct 2026. As of 11 May 2026.
27 Feb 202663 names on the list

In
+16
Out
−13
Held
47
Turnover
25%

On ₹1,00,000 at equal weight this cycle traded about ₹25,397, fee ₹51 at 0.2%.

In, 16
ENGINERSINTARILDATAPATTNS ATHERENERGKIMSGODREJAGROASTERDMTECHNOEFINCABLES NATCOPHARM HONASAPOONAWALLAPGELSUNTVCROMPTONAKUMS
Out, 13
IIFLRRKABELHEGGRANULESAIILANGELONEMSUMICHOICEINCREDITACCSAMMAANCAPIKSAGARWALEYEJ&KBANK
13 Feb 202660 names on the list

In
+14
Out
−7
Held
46
Turnover
23%

On ₹1,00,000 at equal weight this cycle traded about ₹23,333, fee ₹47 at 0.2%.

In, 14
AARTIIND VTL SCIWELSPUNLIVBANDHANBNK JINDALSAWTRIVENILTFOODSRKFORGEELGIEQUIPSHYAMMETLGLANDDELHIVERYCAMPUS
Out, 7
PNBHOUSING HONASATBOTEKRADICOMINDACORPVENTIVEPOONAWALLA
30 Jan 202653 names on the list

In
+7
Out
−5
Held
46
Turnover
13%

On ₹1,00,000 at equal weight this cycle traded about ₹13,208, fee ₹26 at 0.2%.

In, 7
MRPLRAMCOCEMANGELONECREDITACCSAMMAANCAPIKSJ&KBANK
Out, 5
JWLLATENTVIEWTRIVENICENTURYPLYGRAVITA
16 Jan 202651 names on the list

In
+5
Out
−5
Held
46
Turnover
10%

On ₹1,00,000 at equal weight this cycle traded about ₹9,804, fee ₹20 at 0.2%.

In, 5
HONASAJBCHEPHARMIFCIVENTIVEPOONAWALLA
Out, 5
CEATLTDNATCOPHARMSAMMAANCAPMRPLWELSPUNLIV
2 Jan 202651 names on the list

In
+7
Out
−9
Held
44
Turnover
18%

On ₹1,00,000 at equal weight this cycle traded about ₹17,647, fee ₹35 at 0.2%.

In, 7
MANAPPURAMJWLHEGGRAPHITEPNBHOUSINGTRIVENIABSLAMC
Out, 9
ANGELONEASTERDMDATAPATTNS SCIDELHIVERYSTARHEALTHGRSENHPOONAWALLA
2025
19 Dec 202553 names on the list

In
+7
Out
−3
Held
46
Turnover
13%

On ₹1,00,000 at equal weight this cycle traded about ₹13,208, fee ₹26 at 0.2%.

In, 7
BSOFTRRKABEL GRANULESCENTURYPLYGRAVITASAILIFEEMCURE
Out, 3
INTELLECTNUVAMAFIVESTAR
5 Dec 202549 names, +4 −9, turnover 18%, fee ₹37
21 Nov 202554 names, +7 −7, turnover 13%, fee ₹26
7 Nov 202554 names, +10 −8, turnover 19%, fee ₹37
24 Oct 202552 names, +6 −8, turnover 15%, fee ₹31
10 Oct 202554 names, +7 −8, turnover 15%, fee ₹30
26 Sep 202555 names, +7 −7, turnover 13%, fee ₹25
12 Sep 202555 names, +8 −9, turnover 16%, fee ₹33
29 Aug 202556 names, +9 −8, turnover 16%, fee ₹32
15 Aug 202555 names, +8 −9, turnover 16%, fee ₹33
1 Aug 202556 names, +11 −10, turnover 20%, fee ₹39
18 Jul 202555 names, +9 −14, turnover 25%, fee ₹51
4 Jul 202560 names, +12 −14, turnover 23%, fee ₹47
20 Jun 202562 names, +10 −17, turnover 27%, fee ₹55
6 Jun 202569 names, +22 −15, turnover 32%, fee ₹64
23 May 202562 names, +14 −13, turnover 23%, fee ₹45
9 May 202561 names, +14 −8, turnover 23%, fee ₹46
25 Apr 202555 names, +10 −11, turnover 20%, fee ₹40
11 Apr 202556 names, +8 −13, turnover 23%, fee ₹46
28 Mar 202561 names, +15 −13, turnover 25%, fee ₹49
14 Mar 202559 names, +10 −10, turnover 17%, fee ₹34
28 Feb 202559 names, +12 −9, turnover 20%, fee ₹41
14 Feb 202556 names, +8 −6, turnover 14%, fee ₹29
31 Jan 202554 names, +8 −8, turnover 15%, fee ₹30
17 Jan 202554 names, +5 −7, turnover 13%, fee ₹26
3 Jan 202556 names, +5 −9, turnover 16%, fee ₹32
2024
20 Dec 202460 names, +11 −7, turnover 18%, fee ₹37
6 Dec 202456 names, +10 −6, turnover 18%, fee ₹36
22 Nov 202452 names, +5 −7, turnover 13%, fee ₹27
8 Nov 202454 names, +8 −6, turnover 15%, fee ₹30
25 Oct 202452 names, +5 −5, turnover 10%, fee ₹19
11 Oct 202452 names, +6 −7, turnover 13%, fee ₹27
27 Sep 202453 names, +8 −9, turnover 17%, fee ₹34
13 Sep 202454 names, +7 −10, turnover 19%, fee ₹37
30 Aug 202457 names, +11 −10, turnover 19%, fee ₹39
16 Aug 202456 names, +9 −9, turnover 16%, fee ₹32
2 Aug 202456 names, +9 −7, turnover 16%, fee ₹32
19 Jul 202454 names, +8 −13, turnover 24%, fee ₹48
5 Jul 202459 names, +12 −10, turnover 20%, fee ₹41
21 Jun 202457 names, +10 −9, turnover 18%, fee ₹35
7 Jun 202456 names, +6 −6, turnover 11%, fee ₹21
24 May 202456 names, +6 −7, turnover 13%, fee ₹25
10 May 202457 names, +6 −8, turnover 14%, fee ₹28
26 Apr 202459 names, +11 −7, turnover 19%, fee ₹37
12 Apr 202455 names, +8 −6, turnover 15%, fee ₹29
29 Mar 202453 names, +5 −4, turnover 9%, fee ₹19
15 Mar 202452 names, +2 −4, turnover 8%, fee ₹15
1 Mar 202454 names, +6 −8, turnover 15%, fee ₹30
16 Feb 202456 names, +8 −6, turnover 14%, fee ₹29
2 Feb 202454 names, +5 −7, turnover 13%, fee ₹26
19 Jan 202456 names, +6 −6, turnover 11%, fee ₹21
5 Jan 202456 names, +7 −7, turnover 13%, fee ₹25
2023
22 Dec 202356 names, +5 −4, turnover 9%, fee ₹18
8 Dec 202355 names, +4 −8, turnover 15%, fee ₹29
24 Nov 202359 names, +10 −5, turnover 17%, fee ₹34
10 Nov 202354 names, +4 −6, turnover 11%, fee ₹22
27 Oct 202356 names, +6 −4, turnover 11%, fee ₹21
13 Oct 202354 names, +4 −4, turnover 7%, fee ₹15
29 Sep 202354 names, +4 −8, turnover 15%, fee ₹30
15 Sep 202358 names, +9 −9, turnover 16%, fee ₹31
1 Sep 202358 names, +7 −10, turnover 17%, fee ₹34
18 Aug 202361 names, +10 −12, turnover 20%, fee ₹39
4 Aug 202363 names, +12 −8, turnover 19%, fee ₹38
21 Jul 202359 names, +9 −7, turnover 15%, fee ₹31
7 Jul 202357 names, +8 −13, turnover 23%, fee ₹46
23 Jun 202362 names, +13 −11, turnover 21%, fee ₹42
9 Jun 202360 names, +11 −12, turnover 20%, fee ₹40
26 May 202361 names, +8 −12, turnover 20%, fee ₹39
12 May 202365 names, +14 −8, turnover 22%, fee ₹43
28 Apr 202359 names, +10 −5, turnover 17%, fee ₹34
14 Apr 202354 names, +3 −2, turnover 6%, fee ₹11
31 Mar 202353 names, +4 −6, turnover 11%, fee ₹23
17 Mar 202355 names, +4 −4, turnover 7%, fee ₹15
3 Mar 202355 names, +7 −8, turnover 15%, fee ₹29
17 Feb 202356 names, +6 −6, turnover 11%, fee ₹21
3 Feb 202356 names, +5 −5, turnover 9%, fee ₹18
20 Jan 202356 names, +5 −6, turnover 11%, fee ₹21
6 Jan 202357 names, +6 −6, turnover 11%, fee ₹21
2022
23 Dec 202257 names, +6 −8, turnover 14%, fee ₹28
9 Dec 202259 names, +7 −10, turnover 17%, fee ₹34
25 Nov 202262 names, +11 −7, turnover 18%, fee ₹35
11 Nov 202258 names, +9 −7, turnover 16%, fee ₹31
28 Oct 202256 names, +8 −7, turnover 14%, fee ₹29
14 Oct 202255 names, +5 −9, turnover 16%, fee ₹33
30 Sep 202259 names, +9 −11, turnover 19%, fee ₹37
16 Sep 202261 names, +10 −11, turnover 18%, fee ₹36
2 Sep 202262 names, +11 −18, turnover 29%, fee ₹58
19 Aug 202269 names, +20 −13, turnover 29%, fee ₹58
5 Aug 202262 names, +12 −12, turnover 19%, fee ₹39
22 Jul 202262 names, +14 −7, turnover 23%, fee ₹45
8 Jul 202255 names, +5 −6, turnover 11%, fee ₹22
24 Jun 202256 names, +3 −9, turnover 16%, fee ₹32
10 Jun 202262 names, +12 −2, turnover 19%, fee ₹39
27 May 202252 names, +3 −8, turnover 15%, fee ₹31
13 May 202257 names, +3 −8, turnover 14%, fee ₹28
29 Apr 202262 names, +12 −9, turnover 19%, fee ₹39
15 Apr 202259 names, +6 −9, turnover 15%, fee ₹31
1 Apr 202262 names, +11 −6, turnover 18%, fee ₹35
18 Mar 202257 names, +5 −1, turnover 9%, fee ₹18
4 Mar 202253 names, +2 −7, turnover 13%, fee ₹26
18 Feb 202258 names, +8 −7, turnover 14%, fee ₹28
4 Feb 202257 names, +5 −8, turnover 14%, fee ₹28
21 Jan 202260 names, +10 −4, turnover 17%, fee ₹33
7 Jan 202254 names, +3 −7, turnover 13%, fee ₹26
2021
24 Dec 202158 names, +4 −5, turnover 9%, fee ₹17
10 Dec 202159 names, +9 −7, turnover 15%, fee ₹31
26 Nov 202157 names, +7 −7, turnover 12%, fee ₹25
12 Nov 202157 names, +6 −6, turnover 11%, fee ₹21
29 Oct 202157 names, +5 −8, turnover 14%, fee ₹28
15 Oct 202160 names, +10 −5, turnover 17%, fee ₹33
1 Oct 202155 names, +5 −5, turnover 9%, fee ₹18
17 Sep 202155 names, +4 −3, turnover 7%, fee ₹15
3 Sep 202154 names, +2 −5, turnover 9%, fee ₹19
20 Aug 202157 names, +6 −7, turnover 12%, fee ₹25
6 Aug 202158 names, +7 −5, turnover 12%, fee ₹24
23 Jul 202156 names, +6 −6, turnover 11%, fee ₹21
9 Jul 202156 names, +6 −10, turnover 18%, fee ₹36
25 Jun 202160 names, +7 −10, turnover 17%, fee ₹33
11 Jun 202163 names, +13 −10, turnover 21%, fee ₹41
28 May 202160 names, +11 −0, turnover 18%, fee ₹37
14 May 202149 names

Turnover: names changed over names on the new list. Fee: 0.2% of the share traded, on ₹1,00,000 at equal weight, an illustration. Model, back tested rebalance record of the 18 RupeeCase index algos, published lists May 2021 to 3 Jul 2026. Tickers are not recommendations. No price data on this page.

Concentric waves spreading from one bright point on a dark navy surface

03Sector weight by year

What the list was made of.

Average composition of the published lists in each year, equity names at equal weight, NSE sectors. ETF sleeves sit outside the bars.

2021

2022

2023

2024

2025

2026

Capital Goods
Financial Services
Healthcare
Automobile and Auto Components
Fast Moving Consumer Goods
Information Technology
Metals & Mining
Chemicals
Other

New names entering Smallcap each year, most in 2025

Names added across all rebalances in each calendar year (2021: 16 rebalances, 2022: 26 rebalances, 2023: 26 rebalances, 2024: 26 rebalances, 2025: 26 rebalances, 2026: 11 rebalances). Model, back tested, not actual client returns. Source: RupeeCase published rebalance lists. As of 11 May 2026.

04Sector shifts

Moves of 10 points or more.

4 such shifts in 132 rebalances; the latest six.

27 Feb 2026Financial Services −11Down
24 Oct 2025Financial Services +10Up
25 Apr 2025Financial Services +11Up
28 Mar 2025Capital Goods +11Up

05Documents

The record, to reuse.

Same family, Mid and small

06In the app

What a rebalance looks like.

A due rebalance shows on your Dashboard; you open the portfolio, read the confirm sheet and accept before any order goes to your broker. The strategy keeps the turnover of every rebalance on record.

1A due rebalance shows on the Dashboard and as a badge on the tab bar.
2The portfolio says a rebalance is due.
3Confirm rebalance says when it fell due and asks for your consent.
4The strategy’s History tab records the turnover at every rebalance in the model record.
5Every rebalance in the model record: the date, the turnover and the stocks added and removed.

Screens from the RupeeCase app. The record screens show one strategy's published model record; portfolio screens are a sample for illustration.

Explore next

From the record to the strategy.

Community

Join my WhatsApp group.

Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me.

New to RupeeCase? Getting started See the terminal

One form, one groupScan with your phone camera

07Questions

Smallcap rebalances, in plain words

How often does Smallcap rebalance?

Every 2 weeks on the published schedule, about 26 times a year. The record holds 132 published rebalances from 14 May 2021 to 11 May 2026; on 131 of them at least one name changed, with an average turnover of 16% of the list.

What does a rebalance cost?

0.2% of the value traded, nothing on the names that stay. On ₹1,00,000 at equal weight a cycle that changes 16% of the list trades about ₹16,499 and costs about ₹33. If nothing changes, nothing is charged. There is no subscription, AUM fee or performance fee.

Can I download the record?

Yes: the CSV (every published list with its date) and the JSON used by this page are free to reuse under CC BY 4.0 with attribution to RupeeCase. Lists are equal weighted at the stock level; the files carry names and dates, not weights or prices.

Invest in Smallcap.

Every rebalance lands as orders in your own broker account; you approve, the shares sit in your demat, and the fee is 0.2% of the value traded, nothing else.

Model, back tested rebalance record of the 18 RupeeCase index algos, published lists May 2021 to 3 Jul 2026. Tickers are not recommendations. No price data on this page.