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Strategy against strategy

Nifty 50 Equal Weight vs Focused Largecap 20

Nifty 50 Equal Weight (equal weight, Nifty 50) against Focused Largecap 20 (momentum, Nifty 100): 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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  • 16.4%Nifty 50 Equal Weight, CAGR
  • 26.3%Focused Largecap 20, CAGR
  • −15.7%Nifty 50 Equal Weight, deepest fall
  • −23.6%Focused Largecap 20, deepest fall

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

16.4% against 26.3% a year, and the worst fall of each

16.4% against 26.3% a year, and the worst fall of each16.4% against 26.3% a year, and the worst fall of each: Nifty 50 Equal Weight, CAGR 16.35; Nifty 50 Equal Weight, deepest fall -15.71; Focused Largecap 20, CAGR 26.29; Focused Largecap 20, deepest fall -23.56; Nifty 50 TRI, CAGR 9.8.Nifty 50 EqualWeight, CAGR16.4%Nifty 50 EqualWeight, deepestfall−15.7%Focused Largecap20, CAGR26.3%Focused Largecap20, deepest fall−23.6%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.
Fine teal and blue streamlines flowing across a navy field

01Two model curves

₹100 in each, Jul 2021 to Jul 2026.

Nifty 50 Equal Weight₹214Focused Largecap 20₹321Nifty 50 TRI, 9.8% CAGR line₹160
150 200 300

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 WeightFocused Largecap 20Nifty 50 TRI
CAGR16.35%26.29%9.8%
Sharpe ratio1.131.200.69
Sortino ratio1.111.190.67
Calmar ratio1.031.110.54
Max drawdown−15.71%−23.56%−16.92%
Volatility, a year14.23%21.22%14.15%
Net return, cumulative+94.73%+174.40%+55.09%
Back test windowrolling 5 yearsrolling 5 years
Minimum capitalAbout ₹2,49,000About ₹1,00,000
Stocks held502050
RebalanceEvery 4 weeksEvery 4 weeks
UniverseNifty 50Nifty 100Nifty 50
Risk bandModerateModerately High
TierStarterConservative 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. Focused Largecap 20: from 0.0% at 31 Jul 2021 to −9.2% at 31 Jul 2026, high 0.0% at 31 Jul 2021, low −20.5% at 28 Feb 2025.Nifty 50 Equal WeightFocused Largecap 20−20%−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; Focused Largecap 20 −20.5% 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.

Focused Largecap 20, model return by calendar year

Focused Largecap 20, model return by calendar yearFocused Largecap 20, model return by calendar year: 2021 17.7%, 2022 31.7%, 2023 58.7%, 2024 29.2%, 2025 -3.5%, 2026 to Jul 4.3%.18%202132%202259%202329%2024−4%20254%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

7 names in both lists.

7 of the 44 names in Nifty 50 Equal Weight also sit in Focused Largecap 20 (20 names): 16% of the larger list. Lists as of 3 Jul 2026 and 6 Jul 2026.

Held by both7

  • ADANIENT
  • SHRIRAMFIN
  • ADANIPORTS
  • NESTLEIND
  • HINDALCO
  • NTPC
  • TATASTEEL

Only in Nifty 50 Equal Weight37

  • MAXHEALTH
  • BAJFINANCE
  • ICICIBANK
  • GRASIM
  • ASIANPAINT
  • TITAN
  • AXISBANK
  • SUNPHARMA
  • SBIN
  • CIPLA
  • KOTAKBANK
  • DRREDDY
  • COALINDIA
  • LT
  • JSWSTEEL
  • ETERNAL
  • BHARTIARTL
  • BEL
  • TECHM
  • TATACONSUM
  • M&M
  • BAJAJFINSV
  • POWERGRID
  • HDFCBANK
  • +13 more

Only in Focused Largecap 2013

  • VEDL
  • ADANIPOWER
  • HAL
  • HINDZINC
  • VBL
  • TATAPOWER
  • PFC
  • LODHA
  • ADANIGREEN
  • CGPOWER
  • ADANIENSOL
  • SIEMENS
  • ENRIN

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.

Focused Largecap 20: Power & Utilities is 25% of the names

Focused Largecap 20: Power & Utilities is 25% of the namesFocused Largecap 20: Power & Utilities is 25% of the names: Power & Utilities 25; Not mapped yet 25; Metals & Mining 20; Capital Goods 15; Banking & Financial 10.Power & Utilities25%Not mapped yet25%Metals & Mining20%Capital Goods15%Banking &Financial10%
Top sectors of the 20 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: Focused Largecap 20 (26.29% against 16.35%)
  • Better risk adjusted return: Focused Largecap 20 (Sharpe 1.20 against Sharpe 1.13)
  • Shallower deepest fall: Nifty 50 Equal Weight (15.71% against 23.56%)
  • Lower entry: Focused Largecap 20 (₹1,00,000 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

Focused Largecap 20

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 24% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Capital
About ₹1,00,000, one share of every holding at recent prices
Focused Largecap 20 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

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06Questions

Nifty 50 Equal Weight vs Focused Largecap 20,
in plain words.

Which has the higher model CAGR, Nifty 50 Equal Weight or Focused Largecap 20?

Focused Largecap 20: 26.29% 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 Focused Largecap 20?

Nifty 50 Equal Weight: a deepest model fall of 15.71% against 23.56%. Nifty 50 Equal Weight's deepest daily drawdown ran 371 days from 4 Oct 2024. Focused Largecap 20's ran 112 days from 15 Apr 2022. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again.

Can I hold Nifty 50 Equal Weight and Focused Largecap 20 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 ₹2,49,000 and ₹1,00,000; 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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Nifty 50 Equal Weight or Focused Largecap 20.
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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.