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Strategy against strategy

Energy Basket vs Allcap

Energy Basket (thematic, CNX Energy) against Allcap (momentum, Nifty Total Market): 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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  • 33.1%Energy Basket, CAGR
  • 44.7%Allcap, CAGR
  • −39.5%Energy Basket, deepest fall
  • −22.7%Allcap, deepest fall

Model, back tested. As of 27 Apr 2026. After charges. Not a promise of future returns.

33.1% against 44.7% a year, and the worst fall of each

33.1% against 44.7% a year, and the worst fall of each33.1% against 44.7% a year, and the worst fall of each: Energy Basket, CAGR 33.12; Energy Basket, deepest fall -39.48; Allcap, CAGR 44.7; Allcap, deepest fall -22.72; Nifty 50 TRI, CAGR 9.8.Energy Basket,CAGR33.1%Energy Basket,deepest fall−39.5%Allcap, CAGR44.7%Allcap, deepestfall−22.7%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 blue wireframe surface on navy, a lit path descending its slope to the lowest point

01Two model curves

₹100 in each, Jul 2021 to Jul 2026.

Energy Basket₹388Allcap₹611Nifty 50 TRI, 9.8% CAGR line₹160
100 150 200 300 500

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. 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.

MetricEnergy BasketAllcapNifty 50 TRI
CAGR33.12%44.70%9.8%
Sharpe ratio1.121.680.73
Sortino ratio1.191.600.70
Calmar ratio0.871.960.58
Max drawdown−39.48%−22.72%−16.92%
Volatility, a year30.47%23.58%14.04%
Net return, cumulative+307.69%+588.18%+59.62%
Back test windowrolling 5 yearsrolling 5 years
Minimum capitalAbout ₹75,000About ₹2,25,000
Stocks held105050
RebalanceEvery weekEvery 2 weeks
UniverseCNX EnergyNifty Total MarketNifty 50
Risk bandHighModerately High
TierThematic satelliteFull equity core

How far each model fell from its last high

How far each model fell from its last highEnergy Basket: from 0.0% at 31 May 2021 to −15.0% at 31 Jul 2026, high 0.0% at 31 May 2021, low −39.0% at 28 Feb 2025. Allcap: from 0.0% at 31 Jul 2021 to 0.0% at 31 Jul 2026, high 0.0% at 31 Jul 2021, low −22.1% at 28 Feb 2025.Energy BasketAllcap−40%−30%−20%−10%0%Jan 2022Jan 2024Jan 2026
Fall from the previous model high at each month end; 0% means a new high. Lowest: Energy Basket −39.0% at Feb 2025; Allcap −22.1% 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.

Energy Basket, model return by calendar year

Energy Basket, model return by calendar yearEnergy Basket, model return by calendar year: 2021 50.4%, 2022 18%, 2023 108.8%, 2024 16.1%, 2025 -14.6%, 2026 to Apr 19.4%.50%202118%2022109%202316%2024−15%202519%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.

Allcap, model return by calendar year

Allcap, model return by calendar yearAllcap, model return by calendar year: 2021 14.7%, 2022 28.8%, 2023 99%, 2024 76.5%, 2025 -4.2%, 2026 to Jul 26.6%.15%202129%202299%202377%2024−4%202527%2026 toJul
2021 starts at the back test start; 2026 runs to 13 Jul 2026. After charges. Model, back tested, not actual client returns. Source: RupeeCase published strategy record (strategies.json). As of 13 Jul 2026.

CAGR, Sharpe and max drawdown: Model, back tested. As of 27 Apr 2026. Sortino, Calmar, volatility and net return: model, back tested over each strategy's own window, to 27 Apr 2026 and 13 Jul 2026. Minimum capital as of 8 Aug 2026. Not a promise of future returns.

03Holdings overlap

7 names in both lists.

7 of the 10 names in Energy Basket also sit in Allcap (50 names): 14% of the larger list. Lists as of 11 May 2026 and 6 Jul 2026.

Held by both7

  • BHEL
  • ADANIPOWER
  • SUZLON
  • ADANIGREEN
  • ADANIENSOL
  • THERMAX
  • GVT&D

Only in Energy Basket3

  • JPPOWER
  • ABB
  • TORNTPOWER

Only in Allcap43

  • HFCL
  • STLTECH
  • WEBELSOLAR
  • CUPID
  • QPOWER
  • APOLLO
  • WELCORP
  • JAYNECOIND
  • GALLANTT
  • TDPOWERSYS
  • KRN
  • AZAD
  • LLOYDSME
  • LLOYDSENT
  • ACUTAAS
  • ATHERENERG
  • LLOYDSENGG
  • KIRLOSENG
  • COHANCE
  • HCC
  • KIRLPNU
  • BALAMINES
  • JAIBALAJI
  • HSCL
  • +19 more

Energy Basket: Power & Utilities is 60% of the names

Energy Basket: Power & Utilities is 60% of the namesEnergy Basket: Power & Utilities is 60% of the names: Power & Utilities 60; Capital Goods 30; Not mapped yet 10.Power & Utilities60%Capital Goods30%Not mapped yet10%
Top sectors of the 10 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.

Allcap: Capital Goods is 18% of the names

Allcap: Capital Goods is 18% of the namesAllcap: Capital Goods is 18% of the names: Capital Goods 18; Not mapped yet 18; Power & Utilities 16; IT & Technology 12; Chemicals 10.Capital Goods18%Not mapped yet18%Power & Utilities16%IT & Technology12%Chemicals10%
Top sectors of the 50 equity names on the latest list (6 Jul 2026), equal weight. ETF sleeves left out. Model, back tested, not actual client returns. Source: RupeeCase published lists and ticker sector map. As of 6 Jul 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: Allcap (44.70% against 33.12%)
  • Better risk adjusted return: Allcap (Sharpe 1.68 against Sharpe 1.12)
  • Shallower deepest fall: Allcap (22.72% against 39.48%)
  • Lower entry: Energy Basket (₹75,000 against ₹2,25,000)

Energy Basket

High risk band

Written for
Growth-oriented investors comfortable with double-digit drawdowns
Time horizon
5 years or longer. Drawdowns of 39% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Capital
About ₹75,000, one share of every holding at recent prices
Energy Basket strategy page

Allcap

Moderately High risk band

Written for
Investors who want growth but read a 25% drawdown as opportunity, not panic
Time horizon
5 years or longer. Drawdowns of 23% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Capital
About ₹2,25,000, one share of every holding at recent prices
Allcap strategy page

A description of each strategy, not a recommendation. Decide your own allocation, or ask a SEBI registered investment adviser. Model, back tested. As of 27 Apr 2026.

05Next

Change the pair, or go deeper.

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06Questions

Energy Basket vs Allcap,
in plain words.

Which has the higher model CAGR, Energy Basket or Allcap?

Allcap: 44.70% against 33.12%, with the Nifty 50 TRI line at 9.8%. Model, back tested. As of 27 Apr 2026. After charges; past performance does not guarantee future returns.

Which fell less in the back test, Energy Basket or Allcap?

Allcap: a deepest model fall of 22.72% against 39.48%. Energy Basket's deepest daily drawdown ran 126 days from 15 Apr 2022. Allcap's ran 476 days from 20 Dec 2024. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again.

Can I hold Energy Basket and Allcap together?

Yes, each is a separate rules based index in your own demat, and 7 names sit in both lists today, so they carry weight twice. Minimum capital is about ₹75,000 and ₹2,25,000; 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.

Energy Basket or Allcap.
Read both, then decide.

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0.2% of traded value per rebalance. No AUM fee, no lock in. Model, back tested. As of 27 Apr 2026.