--- title: "Allcap Multi Asset | Momentum, Gold and Debt | RupeeCase" description: "50 Nifty Total Market momentum stocks with 10% LiquidCase debt and 10% GoldBees, rotated every 2 weeks. Own it in your demat, 0.2% per rebalance." source_url: "https://www.rupeecase.com/strategies/allcap-multi-asset" --- Multi asset, Nifty Total Market # Allcap Multi Asset Nifty Total Market momentum, debt and gold Allcap Multi Asset is a RupeeCase index that holds 52 names from the Nifty Total Market, ranked by momentum, with 10% in debt and 10% in gold, rebalanced every 2 weeks. Model CAGR 40.5% (back tested, as of 27 Apr 2026), minimum about ₹2,81,000 (as of 8 Aug 2026), moderate risk band. 50 stocks, 10% debt, 10% gold. The broad-market engine with a cushion. **Moderate** risk band [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=allcap-multi-asset) [Compare Allcap Multi Asset](/strategies/compare/allcap-multi-asset-vs-totalmarket-hybrid) Runs in your own 5paisa, Zebu or Arrow demat. The shares stay in your name. 01At a glance ## Allcap Multi Asset in four numbers. CAGR**40.47%**Model, back tested Max drawdown**−21.32%**Model, back tested Minimum investment**₹2.81L**About ₹2,81,000 Fee per rebalance**0.2%**Of traded value, nothing else Allcap Multi Asset, model**₹598**Nifty 50 TRI, 9.80% CAGR line**₹162** 150 200 300 500 ₹100 in May 2021 became ₹598 by Jul 2026 (Nifty 50 TRI line ₹162). Model, back tested. As of 27 Apr 2026. After charges, log scale. 02Three steps ## Compare. Validate. Invest. 1. ### Compare Against the other 17 strategies, and funds, PMS and AIF. [Compare strategies](/compare) 2. ### Validate the back test Every year, fall, holding and rebalance, in the factsheet. Open the factsheet 3. ### Invest Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money. [Invest in Allcap Multi Asset](https://invest.rupeecase.com/signup?strategy=allcap-multi-asset) ### Invest, screen by screen Watch the walkthrough, 0:46 1. 1Each strategy page shows its model history and the Invest bar with the minimum. 2. 2The sheet opens with the minimum as the amount; Use minimum puts it back. 3. 3Practice follows the strategy with no real broker order. 4. 4Live shows your broker cash and asks for your consent before any order. Screens from the RupeeCase app. Model, back tested figures as of 27 Apr 2026; portfolio screens are a sample for illustration. 03Factsheet ## Allcap Multi Asset factsheet Model, back tested, after charges; each block names its date. Print [PDF factsheet](https://www.rupeecase.com/strategies/factsheets/allcap-multi-asset) Performance Holdings and sectors Rebalances Risk metrics Methodology Costs Documents ### Performance6 years, 61 months ### Performance #### Calendar year returns * 2021from May**+32.9%** * 2022**+26.0%** * 2023**+88.0%** * 2024**+71.9%** * 2025**−1.7%** * 2026to May**+16.1%** Model, back tested, after charges, 2021 to May 2026. #### What an amount would have become One time Every month Amount, ₹ You put in₹2,81,000 Model value Gain Model, back tested monthly returns after charges, May 2021 to May 2026 (61 months). #### Stress test: drag through the falls Month**Feb 2025** Below the last peak**−20.7%** Back to the peak Model value, log scaleBelow the last peak Month on the record Deepest falls, daily record **−21.3%**Dec 2024, 371 days to recover **−15.0%**Jan 2022, 196 days to recover **−10.6%**Aug 2021, 56 days to recover **−10.6%**Feb 2024, 49 days to recover Exact dates of the deepest falls 1. **−21.32%**20 Dec 2024 to 26 Dec 2025*371 days* 2. **−15.01%**21 Jan 2022 to 5 Aug 2022*196 days* 3. **−10.59%**6 Aug 2021 to 1 Oct 2021*56 days* 4. **−10.55%**9 Feb 2024 to 29 Mar 2024*49 days* 5. **−9.86%**6 Mar 2026 to 10 Apr 2026*35 days* Daily model record over rolling 5 years: peak to low, and days until back at that peak. Model, back tested. As of 27 Apr 2026. Month end values, May 2021 to Jul 2026, so falls read shallower than the daily figures on the buttons. Falls this deep can happen again. #### Monthly returns | Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2021 | no data | no data | no data | no data | 3.4 | 8.8 | 7.6 | −5.7 | 3.9 | 0.0 | 1.2 | 10.8 | +32.9% | | 2022 | 1.6 | −9.8 | 4.0 | 6.1 | −7.4 | 0.4 | 9.9 | 4.4 | −0.3 | 3.6 | 6.1 | 6.6 | +26.0% | | 2023 | −5.6 | −3.9 | 3.9 | 8.1 | 4.0 | 8.9 | 12.2 | 8.2 | 5.9 | 3.1 | 12.6 | 9.1 | +88.0% | | 2024 | 11.2 | 0.2 | −2.3 | 11.2 | 7.8 | 9.2 | 3.3 | 3.8 | 5.6 | −5.0 | 8.6 | 3.4 | +71.9% | | 2025 | −11.3 | −10.6 | 9.1 | 1.0 | 9.2 | 1.3 | −4.6 | 2.4 | 0.3 | 4.1 | 0.2 | −0.5 | −1.7% | | 2026 | −1.7 | 7.1 | −8.3 | 17.2 | 2.5 | no data | no data | no data | no data | no data | no data | no data | +16.1% | Model, back tested, after charges; one calendar month per cell, in percent. #### Rolling returns ##### Any 1 year, return Worst−1.7% Median+27.0% Best+132.0% Positive98%of 51 windows ##### Any 3 years, CAGR Worst+41.7% Median+53.3% Best+63.5% Positive100%of 27 windows Model, back tested, month end values, May 2021 to Jul 2026. ### Holdings and sectors49 holdings, 9 sectors ### Holdings and sectors #### 49 holdings * Equity**75%** * Gold**10%** * Debt**10%** * GOLDBEES**10.0%***Gold* * LIQUIDCASE**10.0%***Debt* * OLAELEC**1.6%** * STLTECH**1.6%** * GALLANTT**1.6%** * QPOWER**1.6%** * LLOYDSENT**1.6%** * CUPID**1.6%** * EIEL**1.6%** * WELCORP**1.6%** * KRN**1.6%** * ADANIPOWER**1.6%** * WEBELSOLAR**1.6%** * ANGELONE**1.6%** * HFCL**1.6%** * LLOYDSME**1.6%** * ADANIGREEN**1.6%** * APOLLO**1.6%** * PFOCUS**1.6%** * NATIONALUM**1.6%** * AVANTIFEED**1.6%** * JAYNECOIND**1.6%** * LLOYDSENGG**1.6%** * ABDL**1.6%** * THERMAX**1.6%** * AZAD**1.6%** * TDPOWERSYS**1.6%** * ADANIENSOL**1.6%** * KSB**1.6%** * ATHERENERG**1.6%** * INOXINDIA**1.6%** * DEEPAKFERT**1.6%** * HINDCOPPER**1.6%** * KAJARIACER**1.6%** * THANGAMAYL**1.6%** * ACUTAAS**1.6%** * ACMESOLAR**1.6%** * KIRLOSENG**1.6%** * OSWALPUMPS**1.6%** * SANSERA**1.6%** * FIVESTAR**1.6%** * MCX**1.6%** * GVT&D**1.6%** * AWFIS**1.6%** * IMFA**1.6%** * HEG**1.6%** * JINDALSAW**1.6%** * VEDL**1.6%** * BELRISE**1.6%** Live quantities and prices are in the app. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=allcap-multi-asset) Weights on the rebalance day, 11 May 2026; they drift with prices until the next rebalance. Model portfolio, not a recommendation. #### Sector allocation * Capital Goods**25.5%** * Power & Utilities**14.9%** * Metals & Mining**14.9%** * Chemicals**12.8%** * Auto & Components**10.6%** * IT & Technology**6.4%** * Banking & Financial**6.4%** * FMCG & Consumer**6.4%** * Realty & Construction**2.1%** 9 sectors in the equity sleeve. Broad sector spread from 50-stock Allcap universe plus 10% debt and 10% gold defensive overlay. #### Sector weight by year 170 rebalances, 13 sectors touched, 11 held now. Show the year by year sector table | Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now | | --- | --- | --- | --- | --- | --- | --- | --- | | Other, not yet mapped | 70 | 69 | 71 | 68 | 68 | 25 | 20 | | Capital Goods | 4 | 5 | 4 | 6 | 5 | 9 | 17 | | Power & Utilities | 8 | 8 | 5 | 5 | 3 | 6 | 17 | | IT & Technology | 3 | 2 | 2 | 2 | 4 | 7 | 11 | | Chemicals | 1 | 1 | 0 | 2 | 2 | 5 | 11 | | FMCG & Consumer | 2 | 2 | 2 | 4 | 2 | 5 | 7 | | Metals & Mining | 5 | 5 | 6 | 5 | 5 | 14 | 4 | | Banking & Financial | 3 | 3 | 6 | 4 | 5 | 11 | 4 | | Auto & Components | 1 | 1 | 1 | 1 | 2 | 10 | 4 | | Energy & Oil & Gas | 0 | 2 | 1 | 1 | 1 | 4 | 2 | | Realty & Construction | 0 | 0 | 0 | 0 | 0 | 0 | 2 | | Pharma & Healthcare | 1 | 0 | 2 | 3 | 3 | 4 | out | | Textiles | 0 | 0 | 0 | 0 | 0 | 1 | out | Average weight of the equity sleeve that year, equal weighted at the stock level; darker is higher. Now: the list of 8 May 2026. ### Rebalances170 published, latest 8 May 2026 ### Rebalances #### The rebalance record published rebalances170 first in the record14 May 2021 26 a yearEvery 2 weeks latest published8 May 2026 A fixed calendar; you approve each rebalance before your broker places the orders. #### Latest rebalance, 8 May 2026 Against the list of 1 May 2026: **23 in**, **24 out**, 25 held, 48 on the list. ##### In * BHEL * COHANCE * HCC * KIRLPNU * BALAMINES * JAIBALAJI * HSCL * DATAPATTNS * SCI * SKYGOLD * SKIPPER * ELECON * BSE * PTC * PNBHOUSING * SYRMA * SUZLON * NETWEB * DIACABS * FINCABLES * BANDHANBNK * GOKULAGRO * ASHAPURMIN ##### Out * OLAELEC * EIEL * ANGELONE * PFOCUS * NATIONALUM * AVANTIFEED * ABDL * KSB * INOXINDIA * DEEPAKFERT * HINDCOPPER * KAJARIACER * THANGAMAYL * ACMESOLAR * OSWALPUMPS * SANSERA * FIVESTAR * MCX * AWFIS * IMFA * HEG * JINDALSAW * VEDL * BELRISE The 25 held names are in Holdings. Model, back tested record. In plus held is the list size, which can differ from the 52 stock target. Not recommendations. #### Recent rebalances | Date | On the list | In | Out | | --- | --- | --- | --- | | 8 May 2026 | 48 | +23 | −24 | | 1 May 2026 | 49 | 0 | 0 | | 24 Apr 2026 | 49 | +21 | −21 | | 17 Apr 2026 | 49 | 0 | 0 | | 10 Apr 2026 | 49 | +19 | −15 | | 3 Apr 2026 | 45 | 0 | 0 | [Every rebalance with its names](/rebalance/allcap-multi-asset/)[Rebalance history, CSV](/data/rebalances/allcap-multi-asset.csv) #### Sector shifts of 10 points or more 6 such shifts in 170 rebalances. Show the latest six rebalances, what moved 1. 8 May 2026Other, not yet mapped **+20 pts**, Metals & Mining **−11 pts** 2. 24 Apr 2026Capital Goods **+15 pts** 3. 10 Apr 2026Power & Utilities **+10 pts** 4. 27 Mar 2026Other, not yet mapped **−13 pts** 5. 13 Mar 2026Other, not yet mapped **−16 pts** 6. 13 Feb 2026Other, not yet mapped **−11 pts** Equity sleeve, between two consecutive lists. ### Risk metricsSharpe 1.81, volatility 21.41% ### Risk metrics #### Allcap Multi Asset against the Nifty 50 | Metric | Allcap Multi Asset | Nifty 50 | | --- | --- | --- | | Sharpe ratio | 1.81 | 0.73 | | Sortino ratio | 1.71 | 0.70 | | Calmar ratio | 2.06 | 0.58 | | Volatility, a year | 21.41% | 14.04% | | Max drawdown | −21.32% | −16.92% | | Best week | +8.11% | +6.36% | | Worst week | −10.37% | −6.33% | | Weeks up | 63.60% | 57.47% | | Average up week | +2.48% | +1.49% | | Average down week | −2.29% | −1.57% | Model, back tested, after charges. Weekly, rolling 5 years to 27 Apr 2026; Nifty 50 over the same window. #### Risk band **Moderate**, Low to Very High Deepest model fall−21.32% Time horizon5 years or longer. Drawdowns of 21% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here. ##### Walk the risk band Already at the conservative end of the lineup. [One step bolder (Moderately High)Dynamic Asset AllocatorCAGR 45.2%, Sharpe 2.32, max drawdown −10.6%](/strategies/dynamic-asset-allocator) Card figures: Model, back tested. As of 27 Apr 2026. [Take the risk profile](/risk-profile) to find your band. #### Watch the figures explained ### MethodologyEvery 2 weeks ### Methodology #### How it works 1. 1**Universe**Start from the Nifty Total Market, filtered to stocks priced under ₹5,000. The equity sleeve sits inside a multi asset frame with debt and gold. 2. 2**Rank**Score every stock by a risk adjusted momentum composite over several look backs. 3. 3**Select**Hold the top 52 equity names plus the fixed debt and gold sleeve. Equity is equal weighted within its sleeve; the sleeve weights are fixed. 4. 4**Rebalance**Every 2 weeks the model reruns: names out of the top 52 are sold, new entrants bought, and the full list is published. #### Configuration UniverseNifty Total Market (max 5000) SleevesEquity 80, debt 10, gold 10 Holdings52 RebalanceEvery 2 weeks, 26 a year Max stock price₹5,000 BenchmarkNifty 50 (charts: Nifty 50 TRI CAGR line) Back test from7 May 2021 Metrics windowRolling 5 years PricesNSE BhavCopy, after brokerage, STT, exchange charges and GST Written forInvestors who want a balanced equity tilt with a built-in volatility cushion #### Why Allcap Multi Asset Model optimisation, drawn as a surface * The Allcap engine with a 10% debt and 10% gold cushion * Built for ride quality: the overlay softens equity drawdowns * 50 names from roughly 750, rotated every 2 weeks * The core multi-asset sleeve for allocators who want one card to anchor Read 6 more paragraphs, 169 words Same 50-stock equity sleeve as Allcap, with a 10% LiquidCase debt and 10% GoldBees overlay layered on top. Rebalance every 2 weeks. The overlay is a straight trade: you hand back a slice of the pure-equity engine and buy a softer ride. The debt and gold sleeves are separate assets that do not move with the equity sleeve. This is not the concentrated bet and it is not the naked equity card. It is the multi-asset version of the Allcap momentum engine. The card screens the Nifty Total Market (roughly 750 stocks across all cap segments) for names priced under 5000, applies the standard momentum filter, and holds the top 50 equal-weighted. Debt at 10%, gold at 10%. No defensive overlay beyond that. Rotates every two weeks regardless of regime. This is also not a tax-friendly product if traded in a non-registered account. Two-week rebalances on 50 stocks mean churn, and churn means short-term capital gains. For the return and risk readout, look up. The structure does not change. A description, not a recommendation. Decide your own allocation, or ask a SEBI registered investment adviser. #### How the rule was built Machine learning tested the signals, the number of names and the cadence out of sample. The rule that ships is frozen and published: a fixed, readable algorithm, not a black box. [The engine and the audit trail](/technology) #### Learn the mechanics * [Modern portfolio theory](/learn/path-4/module-4-1-modern-portfolio-theory) * [Risk management](/learn/path-4/module-4-5-risk-management) * [Combining factors](/learn/path-3/module-3-6-combining-factors-multi-factor-construction) * [Momentum factor](/learn/path-3/module-3-1-momentum-factor-deep-dive) Free Learn modules, no sign up. ### Costs0.2% per rebalance ### Costs #### One fee per rebalance **0.2%**of traded value, charged only when a rebalance trades No subscription, AUM or performance fee; broker charges are separate. [Fee calculator](/fee-calculator) [Pricing](/pricing) #### A year on the minimum Minimum capital₹2,81,000 Rebalances, year to 8 May 202653 Traded, about16.4 timesthe portfolio Platform fee a year, about₹9,1903.3% of capital Estimate from the model rebalance record at 0.2% of traded value; weight resets and broker charges excluded. #### Costs inside the back test Gross return+602.66%before costs Estimated costs−84.96 ptsbrokerage, STT and taxes Net return+517.70%after costs Nifty 50, same window+59.62%cumulative Model, back tested, cumulative, rolling 5 years to 27 Apr 2026. Net is gross minus estimated costs. ### DocumentsPDF, CSV ### Documents #### Download and print * **Print or save as PDF** * [PDF factsheet by email](https://www.rupeecase.com/strategies/factsheets/allcap-multi-asset) * [Rebalance history, CSV170 rebalances, 14 May 2021 to 8 May 2026.](/data/rebalances/allcap-multi-asset.csv) * [Rebalance history page](/rebalance/allcap-multi-asset/) * [Plain text (Markdown)](/strategies/allcap-multi-asset.md) * [Disclaimers](/disclaimers) RupeeCase is a technology platform, not a fund, a PMS or a SEBI registered investment adviser. Model, back tested. As of 27 Apr 2026. Model figures are after estimated charges and are not actual client returns. Past performance does not guarantee future returns; capital can be lost. ## Invest, the walkthrough Allcap, model history after charges. Model, back tested. Not a promise of future returns.Investing: Practice first, then Live 5 chapters, 0:46, no sound 1. [Chapter 1The Invest bar0:08](/instiv2/media/wt3/invest-practice-live-bar-phone-dark-v3.mp4) 2. [Chapter 2Amount and Use minimum0:13](/instiv2/media/wt3/invest-practice-live-amount-phone-dark-v3.mp4) 3. [Chapter 3Practice0:06](/instiv2/media/wt3/invest-practice-live-practice-phone-dark-v3.mp4) 4. [Chapter 4Live0:14](/instiv2/media/wt3/invest-practice-live-live-phone-dark-v3.mp4) 5. [Chapter 5Your portfolio0:05](/instiv2/media/wt3/invest-practice-live-status-phone-dark-v3.mp4) Steps in this video 1. Allcap, model history after charges. Model, back tested. Not a promise of future returns. 2. The Invest bar shows the minimum for this strategy. 3. Invest opens the sheet with the minimum as the amount. 4. Type any amount at or above the minimum. 5. Use minimum puts the minimum back. 6. Practice is chosen first. It follows the strategy with no real broker order. 7. Live shows the cash at your broker. 8. Nothing is sent until you accept the consent text and press Invest now. 9. Each portfolio shows its mode, broker and status at the top. 04Questions ## Before you commit capital. ### What is the Allcap Multi Asset strategy? 50 stocks, 10% debt, 10% gold. The broad-market engine with a cushion. It selects the top 52 momentum names from Nifty Total Market (max 5000) and rebalances every 2 weeks. ### What is the minimum investment for Allcap Multi Asset? About ₹2,81,000 (as of 8 Aug 2026), enough to hold one share of every name in the book at recent prices. The figure moves with the prices of the holdings. ### How does Allcap Multi Asset compare to the Nifty 50? Allcap Multi Asset shows a model CAGR of 40.47% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.81. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns. ### What is the worst drawdown Allcap Multi Asset has experienced? 21.32% peak to trough in the model record. The deepest period ran 371 days, from 20 Dec 2024 to 26 Dec 2025. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again, so size the position for it. ### What are the fees on Allcap Multi Asset? 0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. About 3.3% of capital a year at 0.2% of traded value, from the published rebalance record: 53 rebalances in the year to 8 May 2026, about 16.4 times the portfolio traded (sales and purchases). Weight resets and broker side charges (brokerage, STT, exchange charges, GST) are not included. Turnover varies year to year. On the minimum capital of ₹2,81,000 that is about ₹9,190 a year, an estimate from the model record, not a promise. ### Can I exit Allcap Multi Asset at any time? Yes. No lock-in. Holdings sit in your own broker demat account and you can sell any name on any market day. Switching strategies or pausing the rebalance is a one-click action on the platform. 05Same family ## All market: Nifty Total Market. [All 18 strategies](/strategies/#sxPick) [Moderately HighMomentum Allcap Nifty Total Market, 50 stocks, every 2 weeks CAGR, model44.70%Max DD−22.7%From₹2.25L](/strategies/allcap) [ModerateHybrid TotalMarket Hybrid Nifty Total Market, 51 stocks, every 2 weeks CAGR, model39.53%Max DD−21.8%From₹2.81L](/strategies/totalmarket-hybrid) [Moderately HighDynamic multi asset Dynamic Asset Allocator Nifty Total Market plus debt and gold, 52 stocks, every 3 weeks CAGR, model45.18%Max DD−10.6%From₹4.76L](/strategies/dynamic-asset-allocator) CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026. ### Compare Allcap Multi Asset with * [vsTotalMarket Hybrid](/strategies/compare/allcap-multi-asset-vs-totalmarket-hybrid) * [vsLarge Mid Multi Asset](/strategies/compare/allcap-multi-asset-vs-largemid-multi-asset) * [vsAllcap](/strategies/compare/allcap-vs-allcap-multi-asset) * [vsLarge Cap Multi Asset](/strategies/compare/largecap-multi-asset-vs-allcap-multi-asset) * [vsMidcap Smallcap](/strategies/compare/midcap-smallcap-vs-allcap-multi-asset) Explore next ## Go deeper on this strategy. * [GuideMulti asset allocation in India: how to mix equity, debt and goldWhy three assets, SEBI's 10% rule, the tax on each, and what the mix did in our record.](/guides/multi-asset-allocation-india) * [Free module 6.9Gold, Commodities, and International Investing for Indian Investors8 min read](/learn/path-6/module-6-9-gold-commodities-international) * [TierMulti asset core tier strategies5 strategies grouped by job](/strategies/by-tier/multi-asset) * [CalculatorSharpe and volatilityFree, with the formula and a worked example](/learn/tools/sharpe-volatility-calculator) * [Blog noteAllcap Multi Asset: the better Sharpe is the mixStrategy notes, a short note](/blog/2026-05-18-evening-allcap-multi-asset-spotlight/) * [Blog noteSharpe ratio, decoded on a live cardStrategy notes, a short note](/blog/2026-05-04-morning-sharpe-ratio-decoded/) Ready when you are ## Allcap Multi Asset 40.47% CAGR, model, back tested. About ₹2.81L to start. Every 2 weeks, you approve each one. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=allcap-multi-asset) [Compare Allcap Multi Asset](/strategies/compare/allcap-multi-asset-vs-totalmarket-hybrid) 0.2% of traded value per rebalance. No AUM fee, no lock in. Line: the model record after charges, as of 27 Apr 2026. Not a promise of future returns.