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Strategy against strategy

Allcap Multi Asset vs Large Mid Hybrid

Allcap Multi Asset (multi asset, Nifty Total Market) against Large Mid Hybrid (hybrid, Nifty LargeMidCap 250): two model curves on one chart, every risk figure side by side, the holdings they share and who each is written for.

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  • 11.5%Allcap Multi Asset, CAGR
  • 24.2%Large Mid Hybrid, CAGR
  • −21.3%Allcap Multi Asset, deepest fall
  • −18.3%Large Mid Hybrid, deepest fall

Model, back tested. CAGR as of 3 Nov 2026; Sharpe and drawdown as of 27 Apr 2026. After charges. Not a promise of future returns.

11.5% against 24.2% a year, and the worst fall of each

11.5% against 24.2% a year, and the worst fall of each11.5% against 24.2% a year, and the worst fall of each: Allcap Multi Asset, CAGR 40.47; Allcap Multi Asset, deepest fall -21.32; Large Mid Hybrid, CAGR 33.21; Large Mid Hybrid, deepest fall -18.27; Nifty 50 TRI, CAGR 9.8.Allcap MultiAsset, CAGR40.5%Allcap MultiAsset, deepestfall−21.3%Large Mid Hybrid,CAGR33.2%Large Mid Hybrid,deepest fall−18.3%Nifty 50 TRI,CAGR9.8%
CAGR and maximum drawdown over each back test window, after charges. Model, back tested, not actual client returns. Source: RupeeCase published model record (lineup.json), monthly. As of 27 Apr 2026.
A long line of teal and blue candlesticks rising across a navy field

01Two model curves

₹100 in each, May 2021 to Jul 2026.

Allcap Multi Asset₹598Large Mid Hybrid₹453Nifty 50 TRI, 9.8% CAGR line₹162
150 200 300 500

Both models rebased to 100 at their common first month, log scale, with the Nifty 50 TRI drawn as its 9.8% CAGR line. Model, back tested. CAGR as of 3 Nov 2026; Sharpe and drawdown as of 27 Apr 2026. After charges.

02Every figure

14 rows, side by side.

A tick marks the better figure of the two: higher return and ratios, shallower fall, lower volatility, lower entry. The Nifty 50 column is the index over the same window.

MetricAllcap Multi AssetLarge Mid HybridNifty 50 TRI
CAGR11.53%24.21%4.7%
Sharpe ratio1.811.670.73
Sortino ratio1.711.580.70
Calmar ratio2.061.940.58
Max drawdown−21.32%−18.27%−16.92%
Volatility, a year21.41%19.25%14.04%
Net return, cumulative+23.77%+194.50%+59.62%
Back test windowsince inceptionrolling 5 years
Minimum capitalAbout ₹3,00,000About ₹3,00,000
Stocks held424150
RebalanceEvery 2 weeksEvery 2 weeks
UniverseNifty Total MarketNifty LargeMidCap 250Nifty 50
Risk bandModerately HighModerate
TierMulti asset coreMulti asset core

How far each model fell from its last high

How far each model fell from its last highAllcap Multi Asset: from 0.0% at 31 May 2021 to 0.0% at 31 Jul 2026, high 0.0% at 31 May 2021, low −20.7% at 28 Feb 2025. Large Mid Hybrid: from 0.0% at 31 May 2021 to 0.0% at 31 Jul 2026, high 0.0% at 31 May 2021, low −17.7% at 28 Feb 2025.Allcap Multi AssetLarge Mid Hybrid−20%−15%−10%−5%0%Jan 2022Jan 2024Jan 2026
Fall from the previous model high at each month end; 0% means a new high. Lowest: Allcap Multi Asset −20.7% at Feb 2025; Large Mid Hybrid −17.7% 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.

Allcap Multi Asset, model return by calendar year

Allcap Multi Asset, model return by calendar yearAllcap Multi Asset, model return by calendar year: 2021 32.9%, 2022 26%, 2023 88%, 2024 71.9%, 2025 -1.7%, 2026 to Apr 16.1%.33%202126%202288%202372%2024−2%202516%2026 toApr
2021 starts at the back test start; 2026 runs to 27 Apr 2026. After charges. Model, back tested, not actual client returns. Source: RupeeCase published strategy record (strategies.json). As of 27 Apr 2026.

Large Mid Hybrid, model return by calendar year

Large Mid Hybrid, model return by calendar yearLarge Mid Hybrid, model return by calendar year: 2021 26.8%, 2022 38.1%, 2023 59.1%, 2024 41.5%, 2025 7.4%, 2026 to Apr 7.5%.27%202138%202259%202342%20247%20258%2026 toApr
2021 starts at the back test start; 2026 runs to 27 Apr 2026. After charges. Model, back tested, not actual client returns. Source: RupeeCase published strategy record (strategies.json). As of 27 Apr 2026.

CAGR, Sharpe and max drawdown: Model, back tested. CAGR as of 3 Nov 2026; Sharpe and drawdown as of 27 Apr 2026. Sortino, Calmar, volatility and net return: model, back tested over each strategy's own window, to 27 Apr 2026. Minimum capital as of 3 Nov 2026. Not a promise of future returns.

03Holdings overlap

10 names in both lists.

10 of the 49 names in Allcap Multi Asset also sit in Large Mid Hybrid (41 names): 20% of the larger list. Lists as of 11 May 2026 and 11 May 2026.

Held by both10

  • LIQUIDCASE
  • ADANIPOWER
  • LLOYDSME
  • ADANIGREEN
  • NATIONALUM
  • THERMAX
  • ADANIENSOL
  • MCX
  • GVT&D
  • VEDL

Only in Allcap Multi Asset39

  • GOLDBEES
  • OLAELEC
  • STLTECH
  • GALLANTT
  • QPOWER
  • LLOYDSENT
  • CUPID
  • EIEL
  • WELCORP
  • KRN
  • WEBELSOLAR
  • ANGELONE
  • HFCL
  • APOLLO
  • PFOCUS
  • AVANTIFEED
  • JAYNECOIND
  • LLOYDSENGG
  • ABDL
  • AZAD
  • TDPOWERSYS
  • KSB
  • ATHERENERG
  • INOXINDIA
  • +15 more

Only in Large Mid Hybrid31

  • SUZLON
  • COCHINSHIP
  • ADANIENT
  • MAHABANK
  • SAIL
  • VBL
  • IDEA
  • NTPCGREEN
  • BHEL
  • HUDCO
  • PREMIERENE
  • NLCINDIA
  • ATGL
  • TATAPOWER
  • HAL
  • TORNTPOWER
  • AUROPHARMA
  • JSWENERGY
  • CGPOWER
  • NESTLEIND
  • NAM-INDIA
  • HINDALCO
  • LODHA
  • GODREJIND
  • +7 more

Allcap Multi Asset: Capital Goods is 26% of the names

Allcap Multi Asset: Capital Goods is 26% of the namesAllcap Multi Asset: Capital Goods is 26% of the names: Capital Goods 26; Power & Utilities 15; Metals & Mining 15; Chemicals 13; Auto & Components 11.Capital Goods26%Power & Utilities15%Metals & Mining15%Chemicals13%Auto & Components11%
Top sectors of the 47 equity names on the latest list (11 May 2026), equal weight. ETF sleeves left out. Model, back tested, not actual client returns. Source: RupeeCase published lists and ticker sector map. As of 11 May 2026.

Large Mid Hybrid: Not mapped yet is 30% of the names

Large Mid Hybrid: Not mapped yet is 30% of the namesLarge Mid Hybrid: Not mapped yet is 30% of the names: Not mapped yet 30; Power & Utilities 23; Capital Goods 15; Banking & Financial 13; Metals & Mining 10.Not mapped yet30%Power & Utilities23%Capital Goods15%Banking &Financial13%Metals & Mining10%
Top sectors of the 40 equity names on the latest list (11 May 2026), equal weight. ETF sleeves left out. Model, back tested, not actual client returns. Source: RupeeCase published lists and ticker sector map. As of 11 May 2026.

Model portfolios on the published lists; tickers are not recommendations. Holding both means the shared names carry weight twice.

04The trade off

Who each is written for.

  • Higher model growth: Large Mid Hybrid (24.21% against 11.53%)
  • Better risk adjusted return: Allcap Multi Asset (Sharpe 1.81 against Sharpe 1.67)
  • Shallower deepest fall: Large Mid Hybrid (18.27% against 21.32%)
  • Lower entry: level (₹3,00,000 each)

Allcap Multi Asset

Moderately High risk band

Written for
Investors who want a balanced equity tilt with a built-in volatility cushion
Time horizon
5 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.
Capital
About ₹3,00,000, the published minimum
Allcap Multi Asset strategy page

Large Mid Hybrid

Moderate risk band

Written for
Investors who want a balanced equity tilt with a built-in volatility cushion
Time horizon
5 years or longer. Drawdowns of 18% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Capital
About ₹3,00,000, the published minimum
Large Mid Hybrid strategy page

A description of each strategy, not a recommendation. Decide your own allocation, or ask a SEBI registered investment adviser. Model, back tested. CAGR as of 3 Nov 2026; Sharpe and drawdown as of 27 Apr 2026.

05Next

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06Questions

Allcap Multi Asset vs Large Mid Hybrid,
in plain words.

Which has the higher model CAGR, Allcap Multi Asset or Large Mid Hybrid?

Large Mid Hybrid: 24.21% against 11.53%, with the Nifty 50 TRI at 4.7% over five years. Model, back tested. CAGR as of 3 Nov 2026; Sharpe and drawdown as of 27 Apr 2026. After charges; past performance does not guarantee future returns.

Which fell less in the back test, Allcap Multi Asset or Large Mid Hybrid?

Large Mid Hybrid: a deepest model fall of 18.27% against 21.32%. Allcap Multi Asset's deepest daily drawdown ran 371 days from 20 Dec 2024. Large Mid Hybrid's ran 378 days from 27 Sep 2024. Model, back tested. CAGR as of 3 Nov 2026; Sharpe and drawdown as of 27 Apr 2026. Drawdowns of similar size can happen again.

Can I hold Allcap Multi Asset and Large Mid Hybrid together?

Yes, each is a separate rules based index in your own demat, and 10 names sit in both lists today, so they carry weight twice. Minimum capital is about ₹3,00,000 and ₹3,00,000; the fee is 0.2% of traded value per rebalance on each. RupeeCase is not an investment adviser; decide your own allocation.

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Go deeper on both strategies.

Allcap Multi Asset or Large Mid Hybrid.
Read both, then decide.

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0.2% of traded value per rebalance. No AUM fee, no lock in. Model, back tested. CAGR as of 3 Nov 2026; Sharpe and drawdown as of 27 Apr 2026.