Allcap
50 stocks. Fortnightly rotation. CAGR 48.46%. Highest Sharpe on the lineup at 1.78.
0.2% on traded value · No AUM fee · No lock-in · Minimum ₹229500 · Capital stays in your own broker
How It Works
- Step 1 | Universe Start from Nifty Total Market (max 5000) filtered to stocks priced under ₹5000.
- Step 2 | Rank Score every stock in the universe by a momentum composite (price trend over multiple lookbacks, risk-adjusted). The top names by score become the candidate list.
- Step 3 | Select Hold the top 50 names by score. Equal-weight across the book so no single name dominates.
- Step 4 | Rebalance Every 2 weeks the model re-runs end-to-end. Names that fall out of the top 50 are sold; new entrants are bought. You see the full holdings list at every rebalance.
Who This Is For
Strategy Configuration
Allcap vs Nifty 50
Both indexed to 100 on inception. Hover for date-by-date NAV. Range chips to zoom; expand button for full window.
NAV indexed to 100 on inception (Jan 2021 or later). Backtested returns include realistic transaction costs. Past performance is not indicative of future results. Source: NSE BhavCopy.
Performance Metrics
| Metric | Allcap | Nifty 50 |
|---|---|---|
| CAGR | 48.46% | 9.80% |
| Cumulative Return | 621.85% | 59.62% |
| Sharpe Ratio | 1.78 | 0.73 |
| Max Drawdown | -22.71% | -16.92% |
| Volatility | 23.76% | 14.04% |
Cost Decomposition
What this would have returned
Your amount run through Allcap's backtested monthly returns (2021-05-07 to now, after costs). A backtest, not a promise.
Over 61 months of backtested monthly returns, after estimated costs. Past performance is not indicative of future results. See the factsheet.
Worst 5 Drawdowns
| Started | Recovered | Max DD | Duration (days) |
|---|---|---|---|
| 2024-12-20 | 2026-04-10 | -22.71% | 476 |
| 2022-01-21 | 2022-08-05 | -17.96% | 196 |
| 2021-08-06 | 2021-09-24 | -12.54% | 49 |
| 2023-01-06 | 2023-04-21 | -11.59% | 105 |
| 2024-02-09 | 2024-03-29 | -11.44% | 49 |
Yearly Returns
Sector allocation
11 sectors represented in the equity sleeve. Largest concentration: Capital Goods at 18.0%. Equal-weighted at the stock level, so sector weights drift with which momentum names rank highest.
131 rebalances . 13 sectors touched . 11 live today.
- 2026-05-08 Diversified +13pp added BHEL, COHANCE, HCC, KIRLPNU, BALAMINES, JAIBALAJI, HSCL, DATAPATTNS, SCI, SKYGOLD, SKIPPER, ELECON, BSE, PTC, PNBHOUSING, SYRMA, SUZLON, NETWEB, DIACABS, FINCABLES, BANDHANBNK, ASHAPURMIN . removed MTARTECH, PREMIERENE, ZYDUSWELL, AETHER, GESHIP, KTKBANK, NATCOPHARM, TMB, BHARATFORG, ABSLAMC, LUMAXTECH, GPIL, GRANULES, STAR, SHRIRAMFIN, GAEL, VTL, WAAREEENER, CCL, AUROPHARMA
- 2026-04-10 Diversified -11pp added PFOCUS, WEBELSOLAR, CUPID, PREMIERENE, ZYDUSWELL, LLOYDSME, GOKULAGRO, ACMESOLAR, ADANIPOWER, KSB, TMB, GPIL, GRANULES, STAR, JAYNECOIND, WAAREEENER, THERMAX, QPOWER . removed SHARDACROP, BANDHANBNK, SBIN, UNIONBANK, ONESOURCE, JAMNAAUTO, FEDERALBNK, INDIANB, FINCABLES, BANKINDIA, JINDALSTEL
- 2026-03-27 Diversified -15pp added ACUTAAS, AETHER, KTKBANK, ABSLAMC, SAILIFE, AUROPHARMA, COALINDIA, NTPC, CCL . removed EASEMYTRIP, ENGINERSIN, TARIL, ELGIEQUIP, INGERRAND, KIMS, SCI, MOTHERSON, CIEINDIA, TATASTEEL, YATHARTH, AARTIIND
- 2026-03-13 Diversified -11pp added TEJASNET, NATCOPHARM, J&KBANK, TORNTPHARM, BELRISE, JBCHEPHARM, ONESOURCE, LUPIN, FINCABLES, CHENNPETRO, GAEL . removed RAIN, JKTYRE, APLAPOLLO, SYRMA, ARVIND, UJJIVANSFB, DCBBANK, CUB, AETHER, WAAREEENER, GOKEX, HINDZINC, IDEA, MUTHOOTFIN, M&MFIN, PTC, SAIL
Current Holdings
50 positions as of 2026-05-11 rebalance. Allocation percentages reflect equal-weighted sleeve at rebalance day; current values drift with price.
Why This Strategy
Allcap holds 50 names from the broadest universe on the platform. The Nifty Total Market is roughly 750 stocks. Filter for prices under 5000, run the standard momentum screen, take the top 50 equal-weighted, rotate every two weeks. That structure is why this card has the highest Sharpe of any pure-equity card on the lineup at 1.78.
The 5-year backtest produced a cumulative return of 621.85% against the Nifty 50's 59.62%. CAGR 48.46% is essentially identical to Midcap Smallcap's 49.92%, but you got there with smoother math: Sharpe 1.78 vs 1.63, volatility 23.76% vs 27.02%, max drawdown 22.71% vs 26.17%, and a positive average win to average loss ratio of 1.11 vs 0.95. Higher hit rate, smoother distribution, same return.
This is not the highest CAGR card on the lineup. Alpha 5 has that at 56.60%. This is the steadiest. 50 equal-weighted names from a 750-stock universe diversifies single-stock noise more than any other equity card. The trade-off: a 2.29L floor that puts this out of reach for first-time systematic investors.
The 476-day drawdown that just resolved is a real event. From December 2024 to April 2026 you watched the portfolio sit between 10 and 23 percent below peak. Sharpe 1.78 over five years still required fifteen months underwater on the calendar. If you cannot stay invested through that, this is the wrong card.
What you get for sitting through it: 2023 returned 99.7%, 2024 added 76.7%, 2026 is already up 16.8% YTD through May. 5 of the 6 calendar windows in the lookback closed positive. Best week 8.57%. Worst week 10.97%.
The card buys only stocks priced under 5000. The 5000 cap (versus Midcap Smallcap's 2000) admits some larger mid-cap names that sit just below the largecap threshold. It rebalances every 2 weeks regardless of regime. It holds 50 names equal-weighted at roughly 2 percent each. No fixed-income buffer. No gold sleeve. No defensive overlay. Pure equity momentum on the broadest investible universe.
The 11 May 2026 rebalance built a portfolio with significant power, renewable, and cap-goods tilt. Names include OLAELEC, ADANIPOWER, ADANIGREEN, ADANIENSOL, ATHERENERG, JAYNECOIND, WEBELSOLAR (power and renewables), THERMAX, BHEL, KIRLOSENG, ELECON, SKIPPER, KIRLPNU, DIACABS, FINCABLES (cap goods and industrials), GVT&D, NETWEB, DATAPATTNS, AZAD (defence and digital), VEDL is out; HFCL, STLTECH (telecom), COHANCE, ACUTAAS (pharma), MCX, ANGELONE, PFOCUS, BSE (capital markets), BANDHANBNK, PNBHOUSING (NBFC and bank), and a long tail of mid-cap names. Next rebalance is 25 May 2026.
Sensible sizing for most retail allocators who can afford the 2.29L floor: 30 to 60 percent of equity, used as the core momentum sleeve next to a smaller satellite sleeve in Alpha 5 or Energy Basket. This is also not a tax-friendly product if traded in a non-registered account. Two-week rebalances on 50 names mean churn, and churn means short-term capital gains.
CAGR 48.46% versus Nifty's 9.80%. Sharpe 1.78. Sortino 1.70. Calmar 2.13. Max drawdown 22.71%. Volatility 23.76%. Best week 8.57%. Worst week 10.97%. 130 rebalances over 5 years.
Key Takeaways
- Highest Sharpe in the marketplace at 1.78
- Lowest volatility at 23.76%
- Shallowest max drawdown at 22.71%
- CAGR 48.46% with the best risk-adjusted profile of any momentum card
Frequently Asked Questions
What is the Allcap strategy?
What is the minimum investment for Allcap?
How does Allcap compare to the Nifty 50?
What is the worst drawdown Allcap has experienced?
What are the fees on Allcap?
Can I exit Allcap at any time?
Documents
Last rebalance | 2026-05-08
Full history →vs 2026-04-24 cycle · 22 added · 20 removed · 48 retained
Get notified when Allcap rebalances
Free email alert on the morning of every rebalance with the IN / OUT names and rationale. Unsubscribe with one click.
Walk the risk band
Allcap sits in the Moderately High bucket. Take one step in either direction:
Compare Allcap with
5 pre-built head-to-head comparisons with metrics, holdings overlap, and trade-off summary.
Learn the mechanics behind Allcap
4 modules from the RupeeCase Learn library cover the concepts inside this strategy. Free, no sign-up.
Hear it on The Tanmay Edge
India's pre-market edge. Daily institutional positioning, options flows, and the levels that matter. Free, on every major podcast platform.
Run Allcap in your own broker account
Capital never leaves your broker. 0.2% on traded value. Minimum ₹229500. Cancel any time.
3 modules to read before you commit capital.
Each strategy has rules. These are the rules. Free, hand-written, and applicable to other systematic strategies too.
Browse all 70 modules →