Microcap
Pure microcap momentum. 50 stocks from Nifty Microcap 250. Fortnightly rebalance.
Risk: Moderately High
Universe: Nifty Microcap 250
Benchmark: Nifty 50
Equity 100%
The deepest cap-curve card. 50 momentum names from the Nifty Microcap 250, equal-weighted, rebalanced every 2 weeks. The 5-year backtest produced 442.45% cumulative return against the Nifty 50's 59.62%, CAGR 40.22%, Sharpe 1.52, max drawdown 26.43%. Best year 2023 at +92.8%. Use as a satellite microcap sleeve, not a core.
Net Return (5Y)
+442.45%
Nifty 50: +59.62%
Alpha vs Nifty 50
+382.83%
Cumulative outperformance
CAGR
+40.22%
Nifty 50: +9.80%
Performance, Risk, Efficiency (5Y rolling)
| Metric | Strategy | Nifty 50 |
|---|
| Performance |
| Cumulative Return | 442.45% | 59.62% |
| CAGR | 40.22% | 9.80% |
| Sharpe Ratio | 1.52 | 0.73 |
| Sortino Ratio | 1.42 | 0.70 |
| Calmar Ratio | 1.52 | 0.58 |
| Risk |
| Max Drawdown | -26.43% | -16.92% |
| Volatility (Annualised) | 24.09% | 14.04% |
| Best Week | +9.09% | +6.36% |
| Worst Week | -10.81% | -6.33% |
| Efficiency |
| Win Rate | 63.22% | 57.47% |
| Avg Win | +2.68% | +1.49% |
| Avg Loss | -2.68% | -1.57% |
Configuration
Universe
Nifty Microcap 250
Cost Decomposition
Gross Return
506.22%
Pre-cost
Estimated Cost
63.77%
Brokerage, STT, taxes
Net Return
442.45%
What investors realise
Year by Year Performance
Monthly Returns Heatmap (5Y)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|
Current Holdings (post 11 May 2026 rebalance) | 48 names equal-weighted
Worst 5 Drawdown Periods
| Started | Recovered | Max Drawdown | Duration (days) |
|---|
| 2022-01-21 | 2022-08-19 | -18.92% | 210 |
| 2021-08-06 | 2021-09-24 | -12.60% | 49 |
| 2024-02-09 | 2024-03-29 | -10.90% | 49 |
| 2021-10-22 | 2021-12-03 | -8.24% | 42 |
| 2023-01-20 | 2023-04-07 | -6.74% | 77 |
Key Insight
The deepest cap-curve card on the platform. CAGR 40.22 percent sits just below Smallcap's 41.26 percent but max drawdown is meaningfully deeper (-26.43 versus -22.34 percent). Microcap concentration risk shows up in drawdown depth without proportional return uplift. Best used as a satellite sleeve on a diversified core, sized at 5 to 10 percent of equity. The 2023 print at +92.8 percent is the live-feel of microcap momentum when the regime is on.
Private and Confidential. Backtest results are 5-year rolling on the platform's standard methodology with all estimated charges deducted. Net = Gross 506.22 percent minus Cost 63.77 percent = 442.45 percent. Past performance is not indicative of future results. RupeeCase platform fee is 0.2 percent on traded value, charged only when trades execute. No subscription, no AUM fee. Markets-linked products carry market risk including loss of principal. Microcap concentration risk is significant. Read invest.rupeecase.com/disclaimers before investing.