EQUITY

Large Midcap

40 stocks from the Nifty LargeMidCap 250. The quality-tilted middle path.

Updated 28 Jul 2026 Rebalances 2 weeks Next: 3 Aug 2026

Start with Large Midcap → View factsheet Rebalance history

0.2% on traded value · No AUM fee · No lock-in · Minimum ₹1,93,000 · Capital stays in your own broker

Return (CAGR)

37.62%

Risk (Max Drawdown)

-19.31%

Min Capital

₹1,93,000

Advanced metricsSharpe, Sortino, volatility, cumulative return and more

Sharpe Ratio

1.69

Sortino Ratio

1.60

Calmar Ratio

2.08

Volatility (annualised)

21.36%

Cumulative return (5Y rolling)

391.00%

Cumulative alpha vs Nifty 50 (5Y rolling)

338.42%

Risk metrics as of 27 Apr 2026

How It Works

Step 1 | Universe Start from Nifty LargeMidCap 250 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 40 names by score. Equal-weight across the book so no single name dominates.
Step 4 | Rebalance Every 2 weeks the model re-runs end-to-end. Names that fall out of the top 40 are sold; new entrants are bought. You see the full holdings list at every rebalance.

Who This Is For

Suitable for

investors who want growth but read a 25 percent drawdown as opportunity not panic

Suggested allocation

20 to 40 percent of equity capital

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.

Capital required

₹1,93,000 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 LargeMidCap 250

Holdings

40 stocks

Rebalance

2 weeks

Risk Level

Moderately High

Benchmark

Nifty 50

Max Stock Price

₹5,000

Live NAV | Backtested 2021 onwards

Large Midcap 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	Large Midcap	Nifty 50
CAGR	37.62%	9.80%
Cumulative Return (5Y rolling)	391.00%	59.62%
Sharpe Ratio	1.69	0.73
Max Drawdown	-19.31%	-16.92%
Volatility	21.36%	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

509.05%

Total Cost

66.53%

Net Return

442.52%

What this would have returned

Your amount run through Large Midcap'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)
2024-09-27	2025-10-10	-19.31%	378
2022-04-15	2022-08-05	-16.52%	112
2022-12-23	2023-06-02	-14.46%	161
2026-03-06	2026-04-10	-10.82%	35
2021-10-22	2021-12-24	-9.17%	63

Yearly Returns

2021

+33.6%

2022

+45.2%

2023

+66.7%

2024

+44.6%

2025

+7.5%

2026

+7.8%

Sector allocation

8 sectors represented in the equity sleeve. Largest concentration: Diversified at 30.8%. Equal-weighted at the stock level, so sector weights drift with which momentum names rank highest.

Diversified 30.8%

Power & Utilities 23.7%

Capital Goods 13.8%

Banking & Financial 11.6%

Metals & Mining 10.7%

FMCG & Consumer 4.7%

Pharma & Healthcare 2.5%

Auto & Components 2.2%

Sector rotation

132 rebalances . 10 sectors touched . 8 live today.

Darker cell . higher weight . blank . sector not held

Diversified

30%

Power & Utilities

23%

Capital Goods

15%

Banking & Financial

13%

Metals & Mining

10%

FMCG & Consumer

Auto & Components

Pharma & Healthcare

Energy & Oil & Gas

out

Realty & Construction

out

202120222023202420252026

Equal weighted at the stock level . source rebalance CSV . sector map curated against NSE listings . 2 sectors previously held now exited

Latest move . 2026-05-08 to 2026-05-11

Power & Utilities +6ppCapital Goods +4ppDiversified +8pp

Out

Realty & Construction out (was 2%)Banking & Financial -9ppFMCG & Consumer -2ppMetals & Mining -5ppPharma & Healthcare -1pp

tickers removed: DMART NIACL SHRIRAMFIN LAURUSLABS FEDERALBNK TATASTEEL OBEROIRLTY HINDZINC JINDALSTEL UNIONBANK AUBANK TITAN INDIANB NMDC TATAINVEST

Rotation events . shifts 10pp or more

2026-05-08 Diversified +14pp added HUDCO, COCHINSHIP, ADANIENT, TORNTPOWER, VBL, ATGL, NESTLEIND, ADANIPORTS, IDEA, ENRIN, LODHA, JSWENERGY, TATAPOWER, HAL, GODREJIND . removed WAAREEENER, LUPIN, COALINDIA, CUMMINSIND, ONGC, SBIN, NTPC, TORNTPHARM, GLENMARK, APLAPOLLO, ASHOKLEY, OIL, POWERGRID, BANKINDIA
2026-04-24 Diversified -14pp added ADANIGREEN, BHEL, SUZLON, NIACL, NTPCGREEN, SIEMENS, OBEROIRLTY, HINDZINC, NAM-INDIA, AUBANK, NMDC, TATAINVEST, RADICO . removed ASTRAL, AJANTPHARM, IPCALAB, SUNPHARMA, TATAPOWER, IDEA
2026-04-10 Diversified -17pp added LLOYDSME, MCX, WAAREEENER, DMART, LAURUSLABS, NLCINDIA, BSE . removed HINDZINC, M&MFIN, MOTHERSON, CANBK, BEL, LTF, TORNTPOWER, INDUSTOWER, KEI, TVSMOTOR

Current Holdings

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

BHEL

2.4%

ADANIPOWER

2.4%

ADANIGREEN

2.0%

ADANIENSOL

2.0%

LLOYDSME

1.7%

BSE

1.9%

SUZLON

2.5%

GVT&D

2.1%

THERMAX

2.3%

MCX

1.6%

RADICO

1.7%

NATIONALUM

2.4%

MAHABANK

2.5%

PREMIERENE

2.4%

SAIL

2.4%

NLCINDIA

2.4%

SIEMENS

1.7%

VEDL

2.4%

CGPOWER

2.1%

BHARATFORG

1.9%

NAM-INDIA

2.1%

AUROPHARMA

2.2%

HINDALCO

2.1%

NTPCGREEN

2.5%

PFC

2.0%

HUDCO

2.4%

COCHINSHIP

2.5%

ADANIENT

2.5%

TORNTPOWER

2.0%

VBL

2.4%

ATGL

2.4%

NESTLEIND

2.2%

ADANIPORTS

1.7%

IDEA

2.5%

ENRIN

1.5%

LODHA

2.2%

JSWENERGY

2.3%

TATAPOWER

2.4%

HAL

2.3%

GODREJIND

2.2%

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

Why This Strategy

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, steadier recoveries.

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. The drawdown figures above show what that has been worth lately.

This is not the maximum-octane card on the lineup. It is the cleanest pure-equity card on a quality-tilted 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, higher quality floor. Pick the trade you prefer.

The numbers above refresh daily. The structure they measure stays put.

Key Takeaways

Quality-tilted momentum from the Nifty LargeMidCap 250
40 stocks equal-weighted, rebalanced fortnightly
Large-caps for stability, mid-caps for growth, nothing below
The middle path between broad-market breadth and concentrated bets

Frequently Asked Questions

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?

₹1,93,000. 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 Large Midcap compare to the Nifty 50?

Over the rolling 5-year backtest, Large Midcap produced 37.62% CAGR versus Nifty 50's 9.80%. Sharpe ratio 1.69 versus the benchmark's 0.73. Past performance does not guarantee future returns.

What is the worst drawdown Large Midcap has experienced?

19.31% peak-to-trough in the rolling 5-year backtest. The deepest period ran 378 days from 2024-09-27 to 2025-10-10. Drawdowns of similar magnitude can happen again. Position sizing should reflect this.

What are the fees on Large Midcap?

0.2% on traded value per rebalance. No subscription, no AUM fee, no performance fee. With 2 weeks 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 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.

Last Rebalance 11 May 2026

Next Rebalance 3 Aug 2026

Documents

View / download factsheet (PDF) Rebalance History CSV

Last rebalance | 2026-05-11

Full history →

vs 2026-05-08 cycle · 0 added · 15 removed · 40 retained

Added (0)

No additions

Removed (15)

DMARTNIACLSHRIRAMFINLAURUSLABSFEDERALBNKTATASTEELOBEROIRLTYHINDZINCJINDALSTELUNIONBANKAUBANKTITANINDIANBNMDCTATAINVEST

Get notified when Large Midcap 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

Large Midcap sits in the Moderately High bucket. Take one step in either direction:

One step safer (Moderate)

Allcap Multi Asset

CAGR 40.2% · Sharpe 1.81 · Max DD 21.3%

One step bolder (High)

Midcap

CAGR 39.3% · Sharpe 1.49 · Max DD 24.9%

Compare Large Midcap with

2 pre-built head-to-head comparisons with metrics, holdings overlap, and trade-off summary.

Midcap Smallcap

CAGR 42.8% · Sharpe 1.63

Midcap

CAGR 39.3% · Sharpe 1.49

Learn the mechanics behind Large Midcap

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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All 28+ episodes →

Phase 49B Compare Large Midcap 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.

Learn the mechanics