---
title: "AZAD in RupeeCase index algos | Azad Engineering"
description: "Azad Engineering (NSE: AZAD): held by 3 of 18 RupeeCase index algos on their latest lists, NSE sector Capital Goods. Membership record May 2021 to 3 Jul 2026"
source_url: "https://www.rupeecase.com/stocks/AZAD"
---

NSE: AZAD, Capital Goods

# AZAD Azad Engineering

        Held by **3 of 18** RupeeCase index algos on their latest published lists, and by 3 more earlier in the record. Record to 3 Jul 2026.

        Held by3of 18 index algos, latest lists
Ever held by6index algos since May 2021
First on a list6 Dec 2024Microcap
Record to26 Jun 2026last list naming it

          See the 3 index algos holding AZAD
          [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=microcap)

        **On the list, May 2021 to 3 Jul 2026**6 index algos in the record
        Microcap
Midcap Smallcap
Allcap
Allcap Multi Asset
TotalMarket Hybrid
Dynamic Asset Allocator

* On the latest published list
* Held earlier in the record

        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.

        01Holders

## 3 index algos name AZAD on their latest list.
Each card is one published list with its date. Lists are equal weighted at the stock level; multi asset lists carry ETF sleeves beside the equity names.

* [Microcap](/strategies/microcap)11 May 2026
**1 of 48 names** on the list, about 2.1% at equal weight.
Nifty Microcap 250, rebalanced every 2 weeks

[Rebalance of 11 May 2026](/rebalance/microcap/#2026-05-11)
* [Allcap Multi Asset](/strategies/allcap-multi-asset)8 May 2026
**1 of 48 names** on the list; the equity sleeve is equal weighted, ETF sleeves sit beside it.
Nifty Total Market (max 5000), rebalanced every 2 weeks

[Rebalance of 8 May 2026](/rebalance/allcap-multi-asset/#2026-05-08)
* [TotalMarket Hybrid](/strategies/totalmarket-hybrid)8 May 2026
**1 of 47 names** on the list; the equity sleeve is equal weighted, ETF sleeves sit beside it.
Nifty Total Market (max 5000), rebalanced every 2 weeks

[Rebalance of 8 May 2026](/rebalance/totalmarket-hybrid/#2026-05-08)

            02On and off the list

## 23 moves across the lineup.
Every entry and exit of AZAD in the published record, newest first. Each row links to that rebalance in the index algo's history.

1. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
2. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
3. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
4. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
5. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
6. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
7. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
8. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
9. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
10. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
11. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
12. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
13. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
14. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
15. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
16. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
17. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
18. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
19. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
20. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
21. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
22. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In
23. 6 Dec 2024[Microcap](/rebalance/microcap/#2024-12-06)In

            03Sector and industry

## Capital Goods on NSE.
NSE's four level industry classification, as published on 9 Oct 2026.

          NSE macro sectorIndustrials

          NSE sector[Capital Goods](/sectors/capital-goods)

          IndustryElectrical Equipment

          Basic industryHeavy Electrical Equipment

          NSE indexNifty 500

          Listed on NSE since28-Dec-2023

            Related stocks, same industry

[BHEL9](/stocks/BHEL)[GVT&D8](/stocks/GVTD)[THERMAX8](/stocks/THERMAX)[SUZLON7](/stocks/SUZLON)[CGPOWER6](/stocks/CGPOWER)[ENRIN6](/stocks/ENRIN)[SIEMENS6](/stocks/SIEMENS)[SKIPPER6](/stocks/SKIPPER)

      04Questions

## AZAD, in plain words

        Which RupeeCase index algos hold AZAD?On the latest published lists (record to 3 jul 2026), AZAD is on 3 lists: [Allcap Multi Asset](/strategies/allcap-multi-asset), [TotalMarket Hybrid](/strategies/totalmarket-hybrid), [Microcap](/strategies/microcap). Each list is equal weighted at the stock level, so the weight is one divided by the number of names on that list.

        What is a quantitative index algo?A fixed, published rule that screens an NSE universe (momentum and risk measures), takes the top names at equal weight and rebalances on a set schedule. RupeeCase publishes every list on every rebalance date; the [index investing](/index-investing) page explains the method and the [strategies hub](/strategies/) lists all 18.

        Do I own AZAD shares if I invest through RupeeCase?Yes. Trades go through your own broker and the shares sit in your own demat account; RupeeCase never holds money or securities. The fee is 0.2% of the value traded at each rebalance, nothing else. Figures on this page are the model, back tested record, not a price feed and not advice.

    Explore next

## Where this name sits in the record.

* [Same sectorBEL, Bharat ElectronicsOn 1 of 18 latest lists](/stocks/BEL)
* [Held AZAD earlierAllcap strategyNifty Total Market, 50 stocks, every 2 weeks](/strategies/allcap)
* [Held AZAD earlierDynamic Asset Allocator strategyNifty Total Market plus debt and gold, 52 stocks, every 3 weeks](/strategies/dynamic-asset-allocator)
* [StocksEvery stock in the index algosWhich lists named each NSE name, and when](/stocks/)

## Hold AZAD the way the algo does.

      Microcap rebalances on a published schedule; you approve each rebalance in your own broker account and pay 0.2% of the value traded, nothing else.

        [Invest in Microcap](https://invest.rupeecase.com/signup?strategy=microcap)
        [Microcap rebalance history](/rebalance/microcap/)

      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.