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Momentum, Nifty LargeMidCap 250

Large Midcap momentum strategy

Large Midcap is a RupeeCase index that holds 40 stocks from the Nifty LargeMidCap 250, ranked by price momentum, rebalanced every 2 weeks. Model CAGR 37.8% (back tested, as of 27 Apr 2026), minimum about ₹1,99,000 (as of 8 Aug 2026), moderately high risk band.

40 stocks from the Nifty LargeMidCap 250. The large and mid-cap middle path.

Moderately High risk band

Sign up for RupeeCase Compare Large Midcap

Runs in your own 5paisa, Zebu or Arrow demat. The shares stay in your name.

01At a glance

What has Large Midcap returned in the back test?

Model, back tested, as of 27 Apr 2026: 37.83% a year since May 2021 after charges, with a deepest fall of −19.31%, against 9.80% for the Nifty 50 TRI line. Not a promise of future returns.

CAGR
37.83%Model, back tested
Max drawdown
−19.31%Model, back tested
Minimum investment
₹1.99LAbout ₹1,99,000
Fee per rebalance
0.2%Of traded value, nothing else
Large Midcap, model₹538Nifty 50 TRI, 9.80% CAGR line₹162
150 200 300 500

₹100 in May 2021 became ₹538 by Jul 2026 (Nifty 50 TRI line ₹162). Model, back tested. As of 27 Apr 2026. After charges, log scale.

How much of Large Midcap is in Power & Utilities?

24% of the equity names on the latest model list (11 May 2026): 9 of 40 names, at rebalance day weights. Capital Goods is next at 14%. Model portfolio, not a recommendation.

02Three steps

Compare. Validate. Invest.

  1. Compare

    Against the other 17 strategies, and funds, PMS and AIF.

    Compare strategies

  2. Validate the back test

    Every year, fall, holding and rebalance, in the factsheet.

    Open the factsheet

  3. Invest

    Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money.

    Invest in Large Midcap

Invest, screen by screen

Watch the walkthrough, 2:36
  1. The RupeeCase app on a phone. Each strategy page shows its model history and the Invest bar with the minimum.
    1Each strategy page shows its model history and the Invest bar with the minimum.
  2. The RupeeCase app on a phone. The sheet opens with the minimum as the amount; Use minimum puts it back.
    2The sheet opens with the minimum as the amount; Use minimum puts it back.
  3. The RupeeCase app on a phone. Practice follows the strategy with no real broker order.
    3Practice follows the strategy with no real broker order.
  4. The RupeeCase app on a phone. Live shows your broker cash and asks for your consent before any order.
    4Live shows your broker cash and asks for your consent before any order.

Screens from the RupeeCase app. Model, back tested figures as of 27 Apr 2026; portfolio screens are a sample for illustration.

Get the next rebalance by emailThe names in and out, on the morning Large Midcap rebalances. Every 2 weeks. Free, one click to stop.

03Factsheet

Large Midcap factsheet

Model, back tested, after charges; each block names its date.

PDF factsheet

Performance

Calendar year returns

  • 2021from May+33.6%
  • 2022+45.2%
  • 2023+66.7%
  • 2024+44.6%
  • 2025+7.5%
  • 2026to May+7.8%

Model, back tested, after charges, 2021 to May 2026.

What an amount would have become

You put in
₹1,99,000
Model value
 
Gain
 

Model, back tested monthly returns after charges, May 2021 to May 2026 (61 months).

Stress test: drag through the falls

MonthFeb 2025
Below the last peak−18.7%
Back to the peak 
Model value, log scaleBelow the last peak
Deepest falls, daily record
Exact dates of the deepest falls
  1. −19.31%27 Sep 2024 to 10 Oct 2025378 days
  2. −16.52%15 Apr 2022 to 5 Aug 2022112 days
  3. −14.46%23 Dec 2022 to 2 Jun 2023161 days
  4. −10.82%6 Mar 2026 to 10 Apr 202635 days
  5. −9.17%22 Oct 2021 to 24 Dec 202163 days

Daily model record over rolling 5 years: peak to low, and days until back at that peak.

Model, back tested. As of 27 Apr 2026. Month end values, May 2021 to Jul 2026, so falls read shallower than the daily figures on the buttons. Falls this deep can happen again.

Monthly returns

Large Midcap: monthly model returns, percent, after charges
YearJanFebMarAprMayJunJulAugSepOctNovDecYear
2021no datano datano datano data0.74.48.32.77.40.3−3.910.3+33.6%
20221.4−5.39.44.6−6.4−3.511.14.6−1.07.09.88.2+45.2%
2023−9.7−2.91.78.91.29.56.75.712.1−3.012.312.6+66.7%
202410.14.6−1.07.010.14.44.90.6−0.6−5.91.62.8+44.6%
2025−11.1−6.47.63.76.33.2−4.41.90.74.72.20.5+7.5%
2026−2.57.2−10.313.71.2no datano datano datano datano datano datano data+7.8%

Model, back tested, after charges; one calendar month per cell, in percent.

Rolling returns

Any 1 year, return
Worst
−4.3%
Median
+31.7%
Best
+128.0%
Positive
94%of 51 windows
Any 3 years, CAGR
Worst
+34.5%
Median
+45.2%
Best
+62.8%
Positive
100%of 27 windows

Model, back tested, month end values, May 2021 to Jul 2026.

Holdings and sectors

40 holdings

  • Equity87%
  • SUZLON2.5%
  • MAHABANK2.5%
  • NTPCGREEN2.5%
  • COCHINSHIP2.5%
  • ADANIENT2.5%
  • IDEA2.5%
  • BHEL2.4%
  • ADANIPOWER2.4%
  • NATIONALUM2.4%
  • PREMIERENE2.4%
  • SAIL2.4%
  • NLCINDIA2.4%
  • VEDL2.4%
  • HUDCO2.4%
  • VBL2.4%
  • ATGL2.4%
  • TATAPOWER2.4%
  • THERMAX2.3%
  • JSWENERGY2.3%
  • HAL2.3%
  • AUROPHARMA2.2%
  • NESTLEIND2.2%
  • LODHA2.2%
  • GODREJIND2.2%
  • GVT&D2.1%
  • CGPOWER2.1%
  • NAM-INDIA2.1%
  • HINDALCO2.1%
  • ADANIGREEN2.0%
  • ADANIENSOL2.0%
  • PFC2.0%
  • TORNTPOWER2.0%
  • BSE1.9%
  • BHARATFORG1.9%
  • LLOYDSME1.7%
  • RADICO1.7%
  • SIEMENS1.7%
  • ADANIPORTS1.7%
  • MCX1.6%
  • ENRIN1.5%

Live quantities and prices are in the app. Sign up for RupeeCase

Weights on the rebalance day, 11 May 2026; they drift with prices until the next rebalance. Model portfolio, not a recommendation.

Sector allocation

  • Other, not yet mapped30.8%
  • Power & Utilities23.7%
  • Capital Goods13.8%
  • Banking & Financial11.6%
  • Metals & Mining10.7%
  • FMCG & Consumer4.7%
  • Pharma & Healthcare2.5%
  • Auto & Components2.2%

8 sectors in the equity sleeve; 30.8% not yet in the sector map. 40-stock large-midcap universe with heavy metals/energy/power/financials tilt and meaningful diversification.

Sector weight by year

132 rebalances, 10 sectors touched, 8 held now.

Show the year by year sector table
Average sector weight of the equity sleeve in each year, percent, and the weight on the latest published list
Sector202120222023202420252026Now
Other, not yet mapped74706971773930
Power & Utilities8108741123
Capital Goods46554715
Banking & Financial4610681713
Metals & Mining732541310
FMCG & Consumer2321135
Pharma & Healthcare0022133
Auto & Components0011143
Energy & Oil & Gas121102out
Realty & Construction100100out

Average weight of the equity sleeve that year, equal weighted at the stock level; darker is higher. Now: the list of 11 May 2026.

Rebalances

The rebalance record

published rebalances
132
first in the record
14 May 2021
26 a year
Every 2 weeks
latest published
11 May 2026

A fixed calendar; you approve each rebalance before your broker places the orders.

Latest rebalance, 11 May 2026

Against the list of 8 May 2026: 0 in, 15 out, 40 held, 40 on the list.

Out
  • DMART
  • NIACL
  • SHRIRAMFIN
  • LAURUSLABS
  • FEDERALBNK
  • TATASTEEL
  • OBEROIRLTY
  • HINDZINC
  • JINDALSTEL
  • UNIONBANK
  • AUBANK
  • TITAN
  • INDIANB
  • NMDC
  • TATAINVEST

The 40 held names are in Holdings.

Model, back tested record. In plus held is the list size, which can differ from the 40 stock target. Not recommendations.

Recent rebalances

The latest 6 rebalances: names on the list, names in and names out
DateOn the listInOut
11 May 2026400−15
8 May 202655+15−14
24 Apr 202654+13−6
10 Apr 202647+7−10
27 Mar 202650+9−6
13 Mar 202647+6−9

Every rebalance with its namesRebalance history, CSV

Sector shifts of 10 points or more

3 such shifts in 132 rebalances.

Show the latest six rebalances, what moved
  1. Other, not yet mapped +14 pts
  2. Other, not yet mapped −14 pts
  3. Other, not yet mapped −17 pts

Equity sleeve, between two consecutive lists.

Get the next rebalance by email

The names in and out, on the morning Large Midcap rebalances. Every 2 weeks. Free, one click to stop.

Risk metrics

Large Midcap against the Nifty 50

Risk and efficiency figures, model, back tested, against the Nifty 50
MetricLarge MidcapNifty 50
Sharpe ratio1.690.73
Sortino ratio1.600.70
Calmar ratio2.080.58
Volatility, a year21.36%14.04%
Max drawdown−19.31%−16.92%
Best week+8.62%+6.36%
Worst week−8.36%−6.33%
Weeks up64.37%57.47%
Average up week+2.43%+1.49%
Average down week−2.45%−1.57%

Model, back tested, after charges. Weekly, rolling 5 years to 27 Apr 2026; Nifty 50 over the same window.

Risk band

Moderately High, Low to Very High

Deepest model fall
−19.31%
Time horizon
5 years or longer. Drawdowns of 19% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.
Walk the risk band
One step safer (Moderate)Large Mid Multi AssetCAGR 34.3%, Sharpe 1.72, max drawdown −17.6%One step bolder (High)MidcapCAGR 38.8%, Sharpe 1.49, max drawdown −24.9%

Card figures: Model, back tested. As of 27 Apr 2026. Take the risk profile to find your band.

Watch the figures explained

Methodology

How it works

  1. 1
    Universe

    Start from the Nifty LargeMidCap 250, filtered to stocks priced under ₹5,000.

  2. 2
    Rank

    Score every stock by a risk adjusted momentum composite over several look backs.

  3. 3
    Select

    Hold the top 40 names by score, equal weighted so no single name dominates.

  4. 4
    Rebalance

    Every 2 weeks the model reruns: names out of the top 40 are sold, new entrants bought, and the full list is published.

Configuration

Universe
Nifty LargeMidCap 250
Sleeves
Equity 100
Holdings
40, equal weight
Rebalance
Every 2 weeks, 26 a year
Max stock price
₹5,000
Benchmark
Nifty 50 (charts: Nifty 50 TRI CAGR line)
Back test from
7 May 2021
Metrics window
Rolling 5 years
Prices
NSE BhavCopy, after brokerage, STT, exchange charges and GST
Written for
Investors who want growth but read a 25% drawdown as opportunity, not panic

Why Large Midcap

A hand holds a phone showing a RupeeCase sample portfolio in front of a fruit stall at Crawford Market, Mumbai
A sample portfolio on a phone
  • Large and mid-cap momentum from the Nifty LargeMidCap 250
  • 40 stocks equal-weighted, rebalanced fortnightly
  • Large-caps for liquidity, mid-caps for growth, nothing below
  • The middle path between broad-market breadth and concentrated bets
Read 5 more paragraphs, 160 words

40 stocks from the Nifty LargeMidCap 250 universe, equal-weighted, rotated every 2 weeks. Pure equity, no buffer sleeves.

The universe is the argument. LargeMidCap 250 spans the top 250 names, so every holding has size, liquidity, and institutional coverage. Momentum on that shelf behaves differently from momentum on small caps: shallower air pockets.

Against the concentrated cards you give up some octane and buy a tighter cap-curve: no small-cap regime risk, no micro-cap gap risk.

This is not the maximum-octane card on the lineup. It is the pure-equity card on the LargeMidCap 250 universe. For an investor who wants pure-equity momentum exposure but does not want the cap-curve risk of Midcap Smallcap or Microcap, the LargeMidCap 250 universe is the answer.

The universe is narrower than the Nifty Total Market that Allcap screens, so the two cards express the same signal at different breadths. Broader universe, more diversification. Tighter universe, larger and more liquid names. Pick the trade you prefer.

A description, not a recommendation. Decide your own allocation, or ask a SEBI registered investment adviser.

How the rule was built

Machine learning tested the signals, the number of names and the cadence out of sample. The rule that ships is frozen and published: a fixed, readable algorithm, not a black box.

The engine and the audit trail

Learn the mechanics

Free Learn modules, no sign up.

Costs

One fee per rebalance

0.2%of traded value, charged only when a rebalance trades

No subscription, AUM or performance fee; broker charges are separate. Fee calculator Pricing

A year on the minimum

Minimum capital
₹1,99,000
Rebalances, year to 11 May 2026
27
Traded, about
9.4 timesthe portfolio
Platform fee a year, about
₹3,7301.9% of capital

Estimate from the model rebalance record at 0.2% of traded value; weight resets and broker charges excluded.

Costs inside the back test

Gross return
+509.05%before costs
Estimated costs
−66.53 ptsbrokerage, STT and taxes
Net return
+442.52%after costs
Nifty 50, same window
+59.62%cumulative

Model, back tested, cumulative, rolling 5 years to 27 Apr 2026. Net is gross minus estimated costs.

RupeeCase is a technology platform, not a fund, a PMS or a SEBI registered investment adviser. Model, back tested. As of 27 Apr 2026. Model figures are after estimated charges and are not actual client returns. Past performance does not guarantee future returns; capital can be lost.

Invest, the walkthrough

Watch full screen: Investing: Practice first, then Live
Allcap, model history after charges. Model, back tested. Not a promise of future returns.

Investing: Practice first, then Live

5 chapters, 2:36, with voice and music

  1. Chapter 1The Invest bar0:35
  2. Chapter 2Amount and Use minimum0:36
  3. Chapter 3Practice0:28
  4. Chapter 4Live0:31
  5. Chapter 5Your portfolio0:25
Steps in this video
  1. Allcap, model history after charges. Model, back tested. Not a promise of future returns.
  2. The Invest bar shows the minimum for this strategy.
  3. Invest opens the sheet with the minimum as the amount.
  4. Type any amount at or above the minimum.
  5. Use minimum puts the minimum back.
  6. Practice is chosen first. It follows the strategy with no real broker order.
  7. Live shows the cash at your broker.
  8. Nothing is sent until you accept the consent text and press Invest now.
  9. Each portfolio shows its mode, broker and status at the top.
Sample dashboard, figures hidden
A sample portfolio in the RupeeCase dashboard. The figures are hidden here; your own show after you sign up.

Sign up, free

See live portfolios.

A free account opens the terminal. Nothing is charged until a rebalance trades.

  • Your live portfolioValue, holdings and every order from the day you invest, in your own demat.
  • Practice modeFollow a strategy with no broker order before you put money in.
  • Each rebalance before you approve itWhat comes in, what goes out and the cost, then one tap to confirm.
Sign up for RupeeCase How it starts

04Questions

Before you
commit capital.

What is the Large Midcap strategy?

40 stocks from the Nifty LargeMidCap 250. The quality-tilted middle path. It selects the top 40 momentum names from Nifty LargeMidCap 250 and rebalances every 2 weeks.

What is the minimum investment for Large Midcap?

About ₹1,99,000 (as of 8 Aug 2026), enough to hold one share of every name in the book at recent prices. The figure moves with the prices of the holdings.

How does Large Midcap compare to the Nifty 50?

Large Midcap shows a model CAGR of 37.83% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.69. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns.

What is the worst drawdown Large Midcap has experienced?

19.31% peak to trough in the model record. The deepest period ran 378 days, from 27 Sep 2024 to 10 Oct 2025. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again, so size the position for it.

What are the fees on Large Midcap?

For the 18 retail strategies, 0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. About 1.9% of capital a year at 0.2% of traded value, from the published rebalance record: 27 rebalances in the year to 11 May 2026, about 9.4 times the portfolio traded (sales and purchases). Weight resets and broker side charges (brokerage, STT, exchange charges, GST) are not included. Turnover varies year to year. On the minimum capital of ₹1,99,000 that is about ₹3,730 a year, an estimate from the model record, not a promise.

Can I exit Large Midcap 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.

Explore next

Go deeper on this strategy.

Related reading: the topic Factor investing and the guide Smart beta in India.

05Same family

Large and mid: Nifty LargeMidCap 250, Alpha 50.

All 18 strategies
ModerateHybrid Large Mid Hybrid Nifty LargeMidCap 250, 41 stocks, every 2 weeks CAGR, model33.21%Max DD−18.3%From₹2.49L ModerateMulti asset Large Mid Multi Asset Nifty LargeMidCap 250, 42 stocks, every 2 weeks CAGR, model34.33%Max DD−17.6%From₹2.49L Very HighMomentum 5Paisa Focused Alpha 5 Nifty Alpha 50, 5 stocks, every 3 weeks CAGR, model54.08%Max DD−24.2%From₹22K

CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026.

Compare Large Midcap with

Sources and dates

Model figures are back tested, not actual client returns. Each date is when that source was last checked or published, not today.

Ready when you are

Large Midcap

37.83% CAGR, model, back tested. About ₹1.99L to start. Every 2 weeks, you approve each one.

Sign up for RupeeCase Compare Large Midcap

0.2% of traded value per rebalance. No AUM fee, no lock in. Line: the model record after charges, as of 27 Apr 2026. Not a promise of future returns.