THEMATIC

Healthcare Basket

10 stocks from Nifty MidSmall Healthcare, rotated weekly. The defensive thematic satellite.

Updated 8 Aug 2026 Rebalances 1 week Next: 17 Aug 2026

Start with Healthcare Basket → View factsheet Rebalance history

0.2% on traded value · No AUM fee · No lock-in · Minimum ₹36,000 · Capital stays in your own broker

Return (CAGR)

16.31%

Risk (Max Drawdown)

-33.29%

Min Capital

₹36,000

Advanced metricsSharpe, Sortino, volatility, cumulative return and more

Sharpe Ratio

0.89

Sortino Ratio

0.89

Calmar Ratio

0.50

Volatility (annualised)

19.44%

Cumulative return (5Y rolling)

111.66%

Cumulative alpha vs Nifty 50 (5Y rolling)

66.79%

Risk metrics as of 27 Apr 2026

How It Works

Step 1 | Universe Start from Nifty MidSmall Healthcare filtered to stocks priced under ₹5,000.
Step 2 | Rank Score every stock in the universe by a momentum composite (price trend over multiple lookbacks, risk-adjusted). The top names by score become the candidate list.
Step 3 | Select Hold the top 10 names by score. Equal-weight across the book so no single name dominates.
Step 4 | Rebalance Every 1 week the model re-runs end-to-end. Names that fall out of the top 10 are sold; new entrants are bought. You see the full holdings list at every rebalance.

Who This Is For

Suitable for

growth-oriented investors comfortable with double-digit drawdowns

Suggested allocation

15 to 25 percent of equity capital

Time horizon

5 years or longer. Drawdowns of 33% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.

Capital required

₹36,000 minimum. This buys roughly one share of every holding at current prices. Investing more buys fractions of additional units and tightens the model's expected behaviour.

Strategy Configuration

Universe

Nifty MidSmall Healthcare

Holdings

10 stocks

Rebalance

1 week

Risk Level

High

Benchmark

Nifty 50

Max Stock Price

₹5,000

Live NAV | Backtested 2021 onwards

Healthcare Basket vs Nifty 50

Both indexed to 100 on inception. Hover for date-by-date NAV. Range chips to zoom; expand button for full window.

NAV indexed to 100 on inception (Jan 2021 or later). Backtested returns include realistic transaction costs. Past performance is not indicative of future results. Source: NSE BhavCopy.

Performance Metrics

Metric	Healthcare Basket	Nifty 50
CAGR	16.31%	9.80%
Cumulative Return (5Y rolling)	111.66%	59.62%
Sharpe Ratio	0.89	0.73
Max Drawdown	-33.29%	-16.92%
Volatility	19.44%	14.04%

CAGR and cumulative return refresh daily. Sharpe, drawdown, volatility and all benchmark figures are as of 27 Apr 2026.

Cost Decomposition

Figures as of 27 Apr 2026

Gross Return

141.80%

Total Cost

25.89%

Net Return

115.91%

What this would have returned

Your amount run through Healthcare Basket's backtested monthly returns (2021-05-07 to now, after costs). A backtest, not a promise.

Invest ₹ per month

You put in

₹0

Backtested value

₹0

Gain

₹0

Over 61 months of backtested monthly returns, after estimated costs. Past performance is not indicative of future results. See the factsheet.

Worst 5 Drawdowns

Started	Recovered	Max DD	Duration (days)
2021-07-23	2023-07-28	-33.29%	735
2024-12-13	2025-06-20	-19.39%	189
2025-10-24	2026-04-17	-11.31%	175
2024-03-01	2024-06-21	-10.24%	112
2023-10-06	2023-11-03	-7.13%	28

Yearly Returns

2021

+4.4%

2022

-19.6%

2023

+57.2%

2024

+40.0%

2025

+0.6%

2026

+16.2%

Sector allocation

2 sectors represented in the equity sleeve. Largest concentration: Pharma & Healthcare at 60.2%. Equal-weighted at the stock level, so sector weights drift with which momentum names rank highest.

Pharma & Healthcare 60.2%

Diversified 39.8%

Sector rotation

261 rebalances . 2 sectors touched . 2 live today.

Darker cell . higher weight . blank . sector not held

Pharma & Healthcare

55%

Diversified

45%

202120222023202420252026

Equal weighted at the stock level . source rebalance CSV . sector map curated against NSE listings

Latest move . 2026-05-01 to 2026-05-08

no sector additions

tickers added: SAILIFE

Out

no sector reductions

tickers removed: LUPIN JBCHEPHARM ASTERDM

Rotation events . shifts 10pp or more

2026-05-01 Pharma & Healthcare -19pp, Diversified +19pp added COHANCE, FORTIS, POLYMED . removed SAILIFE
2026-03-20 Pharma & Healthcare +10pp, Diversified -10pp removed KIMS, IPCALAB
2026-02-20 Pharma & Healthcare -10pp, Diversified +10pp added KIMS, GLAXO
2025-02-14 Pharma & Healthcare -11pp, Diversified +11pp added MEDANTA, IPCALAB . removed GRANULES
2024-09-27 Pharma & Healthcare -12pp, Diversified +12pp removed GRANULES, AUROPHARMA
2024-06-14 Diversified -15pp, Pharma & Healthcare +15pp added GRANULES, NATCOPHARM . removed FORTIS
2024-03-01 Diversified -11pp, Pharma & Healthcare +11pp added NATCOPHARM . removed AJANTPHARM, GLAND
2023-11-03 Pharma & Healthcare -14pp, Diversified +14pp added ASTERDM . removed JBCHEPHARM, GRANULES
2023-06-30 Pharma & Healthcare -14pp, Diversified +14pp added KIMS . removed LAURUSLABS, NATCOPHARM
2022-04-22 Pharma & Healthcare -12pp, Diversified +12pp added NEULANDLAB, KIMS, BIOCON . removed GRANULES
2022-02-18 Diversified -11pp, Pharma & Healthcare +11pp added LAURUSLABS . removed AJANTPHARM, GLAXO

Current Holdings

10 positions as of 2026-05-11 rebalance. Allocation percentages reflect equal-weighted sleeve at rebalance day; current values drift with price.

COHANCE

10.3%

ONESOURCE

8.2%

GRANULES

10.0%

AUROPHARMA

10.3%

GLENMARK

10.4%

NATCOPHARM

10.7%

WOCKPHARMA

10.7%

SAILIFE

9.8%

FORTIS

10.9%

LAURUSLABS

8.8%

Want live quantities, prices, and book values? View live in the platform →

Why This Strategy

The second thematic satellite card on the lineup, alongside Energy Basket. The strategy screens the Nifty MidSmall Healthcare universe for the top 10 momentum-ranked stocks priced under 5000, holds them equal-weighted at roughly 10 percent each, and rotates every week.

That weekly rotation matches Energy Basket's turnover profile, but the universe is narrower and more defensive: mid and small cap pharma, hospitals, and life sciences. Healthcare runs on its own cycle, capex, approvals, and pricing rather than commodities, which is exactly why it earns a satellite slot next to an energy tilt. The yearly figures above show where that cycle currently sits.

Ten names from one sector means the card moves as a bloc when sector-wide news lands. The momentum screen decides which ten. The sector decides the weather.

This is NOT a core holding. Single-sector concentration risk is real, pharma stocks move together when USFDA decisions, domestic price caps, or hospital reimbursement rules shift. The right sizing is 5 to 10 percent of equity, as a satellite tilt for an investor with an explicit thematic view on Indian healthcare (specialty pharma, hospital chains, life sciences, CDMOs). Investors without that view should put the same capital into Allcap or Midcap Smallcap instead.

The metrics above are live, and sector cycles turn fast. Read them fresh.

Key Takeaways

Thematic healthcare momentum on Nifty MidSmall Healthcare
10 stocks equal-weighted, rotated weekly
A defensive sector cycle that runs on approvals and pricing, not commodities
Satellite sizing only: 5 to 10 percent of equity, alongside Energy Basket

Frequently Asked Questions

What is the Healthcare Basket strategy?

10 stocks from Nifty MidSmall Healthcare, rotated weekly. The defensive thematic satellite. It selects the top 10 momentum names from Nifty MidSmall Healthcare and rebalances every 1 week.

What is the minimum investment for Healthcare Basket?

₹36,000. This is enough to hold one share of every name in the current book at present prices. Higher allocations tighten the equal-weight match.

How does Healthcare Basket compare to the Nifty 50?

Over the rolling 5-year backtest, Healthcare Basket produced 16.31% CAGR versus Nifty 50's 9.80%. Sharpe ratio 0.89 versus the benchmark's 0.73. Past performance does not guarantee future returns.

What is the worst drawdown Healthcare Basket has experienced?

33.29% peak-to-trough in the rolling 5-year backtest. The deepest period ran 735 days from 2021-07-23 to 2023-07-28. Drawdowns of similar magnitude can happen again. Position sizing should reflect this.

What are the fees on Healthcare Basket?

0.2% on traded value per rebalance. No subscription, no AUM fee, no performance fee. With 1 week cadence and typical 30 to 50 percent turnover, annual platform fees on the minimum capital work out to under ₹500. See the pricing page for the full worked example.

Can I exit Healthcare Basket at any time?

Yes. No lock-in. Holdings sit in your own broker demat account and you can sell any name on any market day. Switching strategies or pausing the rebalance is a one-click action on the platform.

Last Rebalance 11 May 2026

Next Rebalance 17 Aug 2026

Documents

View / download factsheet (PDF) Rebalance History CSV

Last rebalance | 2026-05-08

Full history →

vs 2026-05-01 cycle · 1 added · 3 removed · 10 retained

Added (1)

SAILIFE

Removed (3)

LUPINJBCHEPHARMASTERDM

Get notified when Healthcare Basket rebalances

Free email alert on the morning of every rebalance with the IN / OUT names and rationale. Unsubscribe with one click.

Walk the risk band

Healthcare Basket sits in the High bucket. Take one step in either direction:

One step safer (Moderately High)

Allcap

CAGR 47.5% · Sharpe 1.68 · Max DD 22.7%

One step bolder (Very High)

5Paisa Focused Alpha 5

CAGR 52.9% · Sharpe 1.60 · Max DD 24.2%

Learn the mechanics behind Healthcare Basket

4 modules from the RupeeCase Learn library cover the concepts inside this strategy. Free, no sign-up.

Momentum factor | the engine behind these strategies How backtesting works | reading the 5Y numbers honestly Risk metrics that matter | Sharpe, Sortino, max DD Rebalancing strategies | why cadence matters

Hear it on The Tanmay Edge

India's pre-market edge. Daily institutional positioning, options flows, and the levels that matter. Free, on every major podcast platform.

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Phase 49B Compare Healthcare Basket side-by-side Match returns, drawdowns and overlap against any other strategy in the lineup.

Disclaimer: Past performance is not indicative of future returns. All returns shown are from backtests conducted by RupeeCase from 2021-05-07. Actual traded returns may differ. Systematic strategies are subject to market risk, and capital can be lost. Investors should conduct their own research and consult a financial advisor before investing.