RupeeCase | Systematic Quantitative Investing Terminal by QC AlphaRupeeCase | Systematic Quantitative Investing Terminal by QC AlphaRupeeCase | Systematic Quantitative Investing Terminal by QC AlphaRupeeCase | Systematic Quantitative Investing Terminal by QC Alpha
Start free

Strategy against strategy

Nifty 50 Equal Weight vs Allcap

Nifty 50 Equal Weight (equal weight, Nifty 50) 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.

Sign up for RupeeCase

  • 16.4%Nifty 50 Equal Weight, CAGR
  • 44.7%Allcap, CAGR
  • −15.7%Nifty 50 Equal Weight, deepest fall
  • −22.7%Allcap, deepest fall

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

16.4% against 44.7% a year, and the worst fall of each

16.4% against 44.7% a year, and the worst fall of each16.4% against 44.7% a year, and the worst fall of each: Nifty 50 Equal Weight, CAGR 16.35; Nifty 50 Equal Weight, deepest fall -15.71; Allcap, CAGR 44.7; Allcap, deepest fall -22.72; Nifty 50 TRI, CAGR 9.8.Nifty 50 EqualWeight, CAGR16.4%Nifty 50 EqualWeight, deepestfall−15.7%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 long tape of teal trade points rising across navy, a thin spread ribbon and a volume floor, the latest tick lit

01Two model curves

₹100 in each, Jul 2021 to Jul 2026.

Nifty 50 Equal Weight₹214Allcap₹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.

MetricNifty 50 Equal WeightAllcapNifty 50 TRI
CAGR16.35%44.70%9.8%
Sharpe ratio1.131.680.69
Sortino ratio1.111.600.67
Calmar ratio1.031.960.54
Max drawdown−15.71%−22.72%−16.92%
Volatility, a year14.23%23.58%14.15%
Net return, cumulative+94.73%+588.18%+55.09%
Back test windowrolling 5 yearsrolling 5 years
Minimum capitalAbout ₹2,49,000About ₹2,25,000
Stocks held505050
RebalanceEvery 4 weeksEvery 2 weeks
UniverseNifty 50Nifty Total MarketNifty 50
Risk bandModerateModerately High
TierStarterFull equity core

How far each model fell from its last high

How far each model fell from its last highNifty 50 Equal Weight: from 0.0% at 31 Jul 2021 to −1.4% at 31 Jul 2026, high 0.0% at 31 Jul 2021, low −15.7% 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.Nifty 50 Equal WeightAllcap−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: Nifty 50 Equal Weight −15.7% 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.

Nifty 50 Equal Weight, model return by calendar year

Nifty 50 Equal Weight, model return by calendar yearNifty 50 Equal Weight, model return by calendar year: 2021 11.3%, 2022 9.2%, 2023 34.1%, 2024 17.7%, 2025 11.8%, 2026 to Jul -1%.11%20219%202234%202318%202412%2025−1%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.

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 13 Jul 2026. Minimum capital as of 8 Aug 2026. Not a promise of future returns.

03Holdings overlap

No name in both lists.

0 of the 44 names in Nifty 50 Equal Weight also sit in Allcap (50 names): 0% of the larger list. Lists as of 3 Jul 2026 and 6 Jul 2026.

Held by both0

None on the latest lists.

Only in Nifty 50 Equal Weight44

  • ADANIENT
  • MAXHEALTH
  • SHRIRAMFIN
  • ADANIPORTS
  • BAJFINANCE
  • ICICIBANK
  • GRASIM
  • ASIANPAINT
  • TITAN
  • AXISBANK
  • SUNPHARMA
  • NESTLEIND
  • HINDALCO
  • SBIN
  • CIPLA
  • KOTAKBANK
  • DRREDDY
  • COALINDIA
  • LT
  • JSWSTEEL
  • ETERNAL
  • BHARTIARTL
  • BEL
  • TECHM
  • +20 more

Only in Allcap50

  • HFCL
  • STLTECH
  • WEBELSOLAR
  • CUPID
  • QPOWER
  • APOLLO
  • WELCORP
  • ADANIPOWER
  • JAYNECOIND
  • GALLANTT
  • TDPOWERSYS
  • KRN
  • ADANIGREEN
  • ADANIENSOL
  • AZAD
  • LLOYDSME
  • LLOYDSENT
  • ACUTAAS
  • ATHERENERG
  • LLOYDSENGG
  • KIRLOSENG
  • GVT&D
  • THERMAX
  • BHEL
  • +26 more

Nifty 50 Equal Weight: Not mapped yet is 68% of the names

Nifty 50 Equal Weight: Not mapped yet is 68% of the namesNifty 50 Equal Weight: Not mapped yet is 68% of the names: Not mapped yet 68; Capital Goods 7; Banking & Financial 7; FMCG & Consumer 5; Metals & Mining 5.Not mapped yet68%Capital Goods7%Banking &Financial7%FMCG & Consumer5%Metals & Mining5%
Top sectors of the 44 equity names on the latest list (3 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 3 Jul 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 16.35%)
  • Better risk adjusted return: Allcap (Sharpe 1.68 against Sharpe 1.13)
  • Shallower deepest fall: Nifty 50 Equal Weight (15.71% against 22.72%)
  • Lower entry: Allcap (₹2,25,000 against ₹2,49,000)

Nifty 50 Equal Weight

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 16% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Capital
About ₹2,49,000, one share of every holding at recent prices
Nifty 50 Equal Weight 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.

Pick any two strategies

More pairs

06Questions

Nifty 50 Equal Weight vs Allcap,
in plain words.

Which has the higher model CAGR, Nifty 50 Equal Weight or Allcap?

Allcap: 44.70% against 16.35%, 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, Nifty 50 Equal Weight or Allcap?

Nifty 50 Equal Weight: a deepest model fall of 15.71% against 22.72%. Nifty 50 Equal Weight's deepest daily drawdown ran 371 days from 4 Oct 2024. 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 Nifty 50 Equal Weight and Allcap together?

Yes, each is a separate rules based index in your own demat, and no name sits in both lists today. Minimum capital is about ₹2,49,000 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.

Explore next

Go deeper on both strategies.

Nifty 50 Equal Weight or Allcap.
Read both, then decide.

Sign up for RupeeCaseAll 18 in one table

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