--- title: "Large Cap Multi Asset | Nifty 100, Gold and Debt | RupeeCase" description: "20 Nifty 100 momentum stocks with 10% LiquidCase debt and 10% GoldBees, rebalanced every 4 weeks. Own it in your demat, 0.2% of traded value per rebalance." source_url: "https://www.rupeecase.com/strategies/largecap-multi-asset" --- Multi asset, Nifty 100 # Large Cap Multi Asset Nifty 100 momentum, debt and gold Large Cap Multi Asset is a RupeeCase index that holds 22 names from the Nifty 100, ranked by momentum, with 10% in debt and 10% in gold, rebalanced every 4 weeks. Model CAGR 24.4% (back tested, as of 27 Apr 2026), minimum about ₹1,25,000 (as of 8 Aug 2026), moderately high risk band. 20 largecap stocks plus LiquidCase and GoldBees. 80/10/10 multi-asset on the Nifty 100. **Moderately High** risk band [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=largecap-multi-asset) [Compare head to head](/strategies/compare/focused-largecap-20-vs-largecap-multi-asset) Runs in your own 5paisa, Zebu or Arrow demat. The shares stay in your name. 01At a glance ## Large Cap Multi Asset in four numbers. CAGR**24.36%**Model, back tested Max drawdown**−20.96%**Model, back tested Minimum investment**₹1.25L**About ₹1,25,000 Fee per rebalance**0.2%**Of traded value, nothing else Large Cap Multi Asset, model**₹315**Nifty 50 TRI, 9.80% CAGR line**₹162** 150 200 300 ₹100 in May 2021 became ₹315 by Jul 2026 (Nifty 50 TRI line ₹162). Model, back tested. As of 27 Apr 2026. After charges, log scale. 02Three steps ## Compare. Validate. Invest. 1. ### Compare Against the other 17 strategies, and funds, PMS and AIF. [Compare strategies](/compare) 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 Cap Multi Asset](https://invest.rupeecase.com/signup?strategy=largecap-multi-asset) ### Invest, screen by screen Watch the walkthrough, 0:46 1. 1Each strategy page shows its model history and the Invest bar with the minimum. 2. 2The sheet opens with the minimum as the amount; Use minimum puts it back. 3. 3Practice follows the strategy with no real broker order. 4. 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. 03Factsheet ## Large Cap Multi Asset factsheet Model, back tested, after charges; each block names its date. Print [PDF factsheet](https://www.rupeecase.com/strategies/factsheets/largecap-multi-asset) Performance Holdings and sectors Rebalances Risk metrics Methodology Costs Documents ### Performance6 years, 61 months ### Performance #### Calendar year returns * 2021from May**+24.1%** * 2022**+27.8%** * 2023**+52.0%** * 2024**+27.6%** * 2025**+0.8%** * 2026to May**+3.1%** Model, back tested, after charges, 2021 to May 2026. #### What an amount would have become One time Every month Amount, ₹ You put in₹1,25,000 Model value Gain Model, back tested monthly returns after charges, May 2021 to May 2026 (61 months). #### Stress test: drag through the falls Month**Feb 2025** Below the last peak**−18.2%** Back to the peak Model value, log scaleBelow the last peak Month on the record Deepest falls, daily record **−16.6%**Apr 2022, 112 days to recover **−12.8%**Dec 2022, 168 days to recover **−9.1%**Oct 2021, 154 days to recover **−6.3%**Sep 2023, 49 days to recover Exact dates of the deepest falls 1. **−16.62%**15 Apr 2022 to 5 Aug 2022*112 days* 2. **−12.77%**16 Dec 2022 to 2 Jun 2023*168 days* 3. **−9.08%**22 Oct 2021 to 25 Mar 2022*154 days* 4. **−6.33%**15 Sep 2023 to 3 Nov 2023*49 days* 5. **−5.01%**23 Feb 2024 to 22 Mar 2024*28 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 | Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2021 | no data | no data | no data | no data | 1.8 | 2.4 | 4.0 | 5.7 | 4.4 | 3.9 | −3.0 | 3.1 | +24.1% | | 2022 | −0.2 | −0.5 | 4.6 | 6.6 | −8.1 | −3.6 | 12.1 | 5.3 | 0.0 | 6.0 | 3.3 | 0.9 | +27.8% | | 2023 | −5.9 | −4.7 | 0.7 | 6.1 | 2.6 | 9.1 | 7.2 | −0.5 | 8.2 | −3.2 | 10.1 | 15.1 | +52.0% | | 2024 | 10.3 | 5.4 | 0.6 | 2.8 | 10.1 | 1.4 | 4.1 | −3.3 | 1.9 | −8.7 | 1.4 | 0.3 | +27.6% | | 2025 | −5.7 | −5.2 | 4.1 | 2.2 | 2.0 | 1.0 | −4.1 | −0.6 | 2.5 | 5.1 | −0.4 | 0.4 | +0.8% | | 2026 | −1.7 | 8.6 | −12.8 | 13.2 | −2.1 | no data | no data | no data | no data | no data | no data | no data | +3.1% | Model, back tested, after charges; one calendar month per cell, in percent. #### Rolling returns ##### Any 1 year, return Worst−14.0% Median+22.8% Best+104.5% Positive88%of 51 windows ##### Any 3 years, CAGR Worst+20.6% Median+30.6% Best+46.4% Positive100%of 27 windows Model, back tested, month end values, May 2021 to Jul 2026. ### Holdings and sectors22 holdings, 6 sectors ### Holdings and sectors #### 22 holdings * Equity**70%** * Debt**10%** * Gold**10%** * LIQUIDCASE**9.9%***Debt* * GOLDBEES**9.9%***Gold* * VEDL**4.0%** * ADANIPOWER**3.9%** * TATASTEEL**3.9%** * HAL**3.8%** * HINDZINC**3.8%** * NTPC**3.8%** * SHRIRAMFIN**3.8%** * VBL**3.7%** * TATAPOWER**3.7%** * PFC**3.7%** * NESTLEIND**3.6%** * LODHA**3.6%** * CGPOWER**3.5%** * HINDALCO**3.5%** * ADANIGREEN**3.4%** * ADANIENSOL**3.3%** * SIEMENS**2.9%** * ADANIPORTS**2.9%** * ENRIN**2.6%** * ADANIENT**2.1%** Live quantities and prices are in the app. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=largecap-multi-asset) Weights on the rebalance day, 11 May 2026; they drift with prices until the next rebalance. Model portfolio, not a recommendation. #### Sector allocation * Power & Utilities**25.8%** * Other, not yet mapped**24.9%** * Metals & Mining**21.9%** * Capital Goods**11.4%** * Banking & Financial**10.8%** * FMCG & Consumer**5.3%** 6 sectors in the equity sleeve; 24.9% not yet in the sector map. Large-cap 20-stock universe spanning metals, power, financials, consumer, and industrials with equal weight. #### Sector weight by year 86 rebalances, 8 sectors touched, 6 held now. Show the year by year sector table | Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now | | --- | --- | --- | --- | --- | --- | --- | --- | | Other, not yet mapped | 57 | 56 | 62 | 74 | 77 | 32 | 25 | | Power & Utilities | 13 | 16 | 10 | 8 | 6 | 13 | 25 | | Metals & Mining | 11 | 4 | 4 | 5 | 7 | 22 | 20 | | Capital Goods | 8 | 9 | 9 | 2 | 3 | 4 | 15 | | Banking & Financial | 4 | 4 | 6 | 3 | 3 | 15 | 10 | | FMCG & Consumer | 5 | 7 | 6 | 3 | 2 | 6 | 5 | | Energy & Oil & Gas | 2 | 4 | 2 | 3 | 0 | 6 | out | | Pharma & Healthcare | 0 | 1 | 1 | 2 | 1 | 4 | out | Average weight of the equity sleeve that year, equal weighted at the stock level; darker is higher. Now: the list of 8 May 2026. ### Rebalances86 published, latest 8 May 2026 ### Rebalances #### The rebalance record published rebalances86 first in the record14 May 2021 13 a yearEvery 4 weeks latest published8 May 2026 A fixed calendar; you approve each rebalance before your broker places the orders. #### Latest rebalance, 8 May 2026 Against the list of 1 May 2026: **11 in**, **11 out**, 11 held, 22 on the list. ##### In * ADANIGREEN * ADANIENT * VBL * SIEMENS * CGPOWER * NESTLEIND * ADANIPORTS * ENRIN * LODHA * HAL * HINDZINC ##### Out * UNIONBANK * COALINDIA * CUMMINSIND * ONGC * SBIN * DMART * JINDALSTEL * TORNTPHARM * TITAN * POWERGRID * TVSMOTOR The 11 held names are in Holdings. Model, back tested record. In plus held is the list size, which can differ from the 22 stock target. Not recommendations. #### Recent rebalances | Date | On the list | In | Out | | --- | --- | --- | --- | | 8 May 2026 | 22 | +11 | −11 | | 1 May 2026 | 22 | 0 | 0 | | 10 Apr 2026 | 22 | +6 | −6 | | 3 Apr 2026 | 22 | 0 | 0 | | 13 Mar 2026 | 22 | +4 | −4 | | 6 Mar 2026 | 22 | 0 | 0 | [Every rebalance with its names](/rebalance/largecap-multi-asset/)[Rebalance history, CSV](/data/rebalances/largecap-multi-asset.csv) #### Sector shifts of 10 points or more 21 such shifts in 86 rebalances. Show the latest six rebalances, what moved 1. 8 May 2026Other, not yet mapped **+15 pts**, Banking & Financial **−10 pts**, Energy & Oil & Gas **−10 pts** 2. 10 Apr 2026Other, not yet mapped **−15 pts** 3. 13 Mar 2026Other, not yet mapped **−10 pts**, Power & Utilities **+10 pts** 4. 13 Feb 2026Banking & Financial **+10 pts**, Other, not yet mapped **−10 pts** 5. 16 Jan 2026Other, not yet mapped **−15 pts** 6. 24 Oct 2025Banking & Financial **+15 pts**, Other, not yet mapped **+10 pts**, Power & Utilities **−10 pts** Equity sleeve, between two consecutive lists. ### Risk metricsSharpe 1.32, volatility 19.00% ### Risk metrics #### Large Cap Multi Asset against the Nifty 50 | Metric | Large Cap Multi Asset | Nifty 50 | | --- | --- | --- | | Sharpe ratio | 1.32 | 0.73 | | Sortino ratio | 1.30 | 0.70 | | Calmar ratio | 1.25 | 0.58 | | Volatility, a year | 19.00% | 14.04% | | Max drawdown | −20.96% | −16.92% | | Best week | +7.41% | +6.36% | | Worst week | −6.12% | −6.33% | | Weeks up | 59.77% | 57.47% | | Average up week | +2.20% | +1.49% | | Average down week | −2.07% | −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−20.96% Time horizon5 years or longer. Drawdowns of 21% 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)Nifty 50 Equal WeightCAGR 16.4%, Sharpe 1.13, max drawdown −15.7%](/strategies/nifty-50-equal-weight)[One step bolder (High)MidcapCAGR 38.8%, Sharpe 1.49, max drawdown −24.9%](/strategies/midcap) Card figures: Model, back tested. As of 27 Apr 2026. [Take the risk profile](/risk-profile) to find your band. #### Watch the figures explained ### MethodologyEvery 4 weeks ### Methodology #### How it works 1. 1**Universe**Start from the Nifty 100, filtered to stocks priced under ₹5,000. The equity sleeve sits inside a multi asset frame with debt and gold. 2. 2**Rank**Score every stock by a risk adjusted momentum composite over several look backs. 3. 3**Select**Hold the top 22 equity names plus the fixed debt and gold sleeve. Equity is equal weighted within its sleeve; the sleeve weights are fixed. 4. 4**Rebalance**Every 4 weeks the model reruns: names out of the top 22 are sold, new entrants bought, and the full list is published. #### Configuration UniverseNifty 100 SleevesEquity 80, debt 10, gold 10 Holdings22 RebalanceEvery 4 weeks, 13 a year Max stock price₹5,000 BenchmarkNifty 50 (charts: Nifty 50 TRI CAGR line) Back test from7 May 2021 Metrics windowRolling 5 years PricesNSE BhavCopy, after brokerage, STT, exchange charges and GST Written forInvestors who want growth but read a 25% drawdown as opportunity, not panic #### Why Large Cap Multi Asset Comparing strategies, sample data * Largecap momentum on Nifty 100 with 80/10/10 multi-asset overlay * Debt and gold sleeves cushion what the equity sleeve takes in full * 4-week cadence keeps turnover and cost low * 20% less equity than its pure-equity twin, Focused Largecap 20 Read 4 more paragraphs, 151 words 20 stocks from the Nifty 100, equal-weighted, plus 10% LiquidCase debt and 10% GoldBees. Rebalance every 4 weeks. The overlay is the point: debt and gold pull in different directions from equity, so the whole package rides more quietly than the equity sleeve alone. The equity engine is the same momentum screen the pure-equity cards run, just wrapped. Twenty names from the Nifty 100, equal weight, re-screened every 4 weeks. The wrapper does not slow the engine down. It catches some of what falls off. The 4-week rebalance is the cost-saver. The gold sleeve is a separate asset that does not move with the equity sleeve. Against the pure-equity twin Focused Largecap 20, the overlay trades a slice of equity upside for a softer ride. Same stocks, same cadence, 20% less equity exposure. This suits moderately aggressive investors who want the diversification cushion without giving up most of the equity engine. 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](/technology) #### Learn the mechanics * [Modern portfolio theory](/learn/path-4/module-4-1-modern-portfolio-theory) * [Momentum factor](/learn/path-3/module-3-1-momentum-factor-deep-dive) * [How back testing works](/learn/path-2/module-2-4-how-backtesting-works) * [Risk metrics that matter](/learn/path-2/module-2-3-risk-metrics-that-matter) Free Learn modules, no sign up. ### Costs0.2% per rebalance ### 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](/fee-calculator) [Pricing](/pricing) #### A year on the minimum Minimum capital₹1,25,000 Rebalances, year to 8 May 202627 Traded, about9.2 timesthe portfolio Platform fee a year, about₹2,3001.8% 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+247.69%before costs Estimated costs−28.22 ptsbrokerage, STT and taxes Net return+219.47%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. ### DocumentsPDF, CSV ### Documents #### Download and print * **Print or save as PDF** * [PDF factsheet by email](https://www.rupeecase.com/strategies/factsheets/largecap-multi-asset) * [Rebalance history, CSV86 rebalances, 14 May 2021 to 8 May 2026.](/data/rebalances/largecap-multi-asset.csv) * [Rebalance history page](/rebalance/largecap-multi-asset/) * [Plain text (Markdown)](/strategies/largecap-multi-asset.md) * [Disclaimers](/disclaimers) 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 Allcap, model history after charges. Model, back tested. Not a promise of future returns.Investing: Practice first, then Live 5 chapters, 0:46, no sound 1. [Chapter 1The Invest bar0:08](/instiv2/media/wt3/invest-practice-live-bar-phone-dark-v3.mp4) 2. [Chapter 2Amount and Use minimum0:13](/instiv2/media/wt3/invest-practice-live-amount-phone-dark-v3.mp4) 3. [Chapter 3Practice0:06](/instiv2/media/wt3/invest-practice-live-practice-phone-dark-v3.mp4) 4. [Chapter 4Live0:14](/instiv2/media/wt3/invest-practice-live-live-phone-dark-v3.mp4) 5. [Chapter 5Your portfolio0:05](/instiv2/media/wt3/invest-practice-live-status-phone-dark-v3.mp4) 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. 04Questions ## Before you commit capital. ### What is the Large Cap Multi Asset strategy? 20 largecap stocks plus LiquidCase and GoldBees. 80/10/10 multi-asset on the Nifty 100. It selects the top 22 momentum names from Nifty 100 and rebalances every 4 weeks. ### What is the minimum investment for Large Cap Multi Asset? About ₹1,25,000 (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 Cap Multi Asset compare to the Nifty 50? Large Cap Multi Asset shows a model CAGR of 24.36% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.32. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns. ### What is the worst drawdown Large Cap Multi Asset has experienced? 20.96% peak to trough in the model record. The deepest period ran 112 days, from 15 Apr 2022 to 5 Aug 2022. 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 Cap Multi Asset? 0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. About 1.8% of capital a year at 0.2% of traded value, from the published rebalance record: 27 rebalances in the year to 8 May 2026, about 9.2 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 ₹1,25,000 that is about ₹2,300 a year, an estimate from the model record, not a promise. ### Can I exit Large Cap Multi Asset 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. 05Same family ## Large: Nifty 50 and Nifty 100. [All 18 strategies](/strategies/#sxPick) [Moderately HighMomentum Focused Largecap 20 Nifty 100, 20 stocks, every 4 weeks CAGR, model26.29%Max DD−23.6%From₹1L](/strategies/focused-largecap-20) [Moderately HighHybrid Largecap Hybrid Nifty 100, 21 stocks, every 4 weeks CAGR, model22.74%Max DD−22.0%From₹1.25L](/strategies/largecap-hybrid) [ModerateEqual weight Nifty 50 Equal Weight Nifty 50, 50 stocks, every 4 weeks CAGR, model16.35%Max DD−15.7%From₹2.49L](/strategies/nifty-50-equal-weight) CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026. ### Compare Large Cap Multi Asset with * [vsFocused Largecap 20](/strategies/compare/focused-largecap-20-vs-largecap-multi-asset) * [vsLargecap Hybrid](/strategies/compare/largecap-multi-asset-vs-largecap-hybrid) * [vsAllcap Multi Asset](/strategies/compare/largecap-multi-asset-vs-allcap-multi-asset) Explore next ## Go deeper on this strategy. * [Free module 6.9Gold, Commodities, and International Investing for Indian Investors8 min read](/learn/path-6/module-6-9-gold-commodities-international) * [TierConservative core tier strategies3 strategies grouped by job](/strategies/by-tier/conservative) * [Blog noteLarge Cap Multi Asset: boring is the productStrategy notes, a short note](/blog/2026-06-01-evening-largecap-multi-asset-spotlight/) * [Blog noteFocused Largecap 20: twenty sized bets on a factsheetStrategy notes, a short note](/blog/2026-05-25-evening-focused-largecap-20-spotlight/) * [SectorMetals & Mining stocksNSE sector across the 18 index algos](/sectors/metals-mining) * [StockADANIENSOL, Adani Energy SolutionsOn 12 of 18 latest lists](/stocks/ADANIENSOL) Ready when you are ## Large Cap Multi Asset 24.36% CAGR, model, back tested. About ₹1.25L to start. Every 4 weeks, you approve each one. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=largecap-multi-asset) [Compare head to head](/strategies/compare/focused-largecap-20-vs-largecap-multi-asset) 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.