Momentum, Nifty Midcap 150
Midcap is a RupeeCase index that holds 20 stocks from the Nifty Midcap 150, ranked by price momentum, rebalanced every 2 weeks. Model CAGR 38.8% (back tested, as of 27 Apr 2026), minimum about ₹90,000 (as of 8 Aug 2026), high risk band.
20 stocks from the Nifty Midcap 150. Fortnightly rotation.
High risk band
Runs in your own 5paisa, Zebu or Arrow demat. The shares stay in your name.
01At a glance
₹100 in May 2021 became ₹560 by Jul 2026 (Nifty 50 TRI line ₹162). Model, back tested. As of 27 Apr 2026. After charges, log scale.
02Three steps
Link your broker and approve each rebalance. Stocks stay in your own demat; RupeeCase never holds your money.
Invest in Midcap
Screens from the RupeeCase app. Model, back tested figures as of 27 Apr 2026; portfolio screens are a sample for illustration.
03Factsheet
Model, back tested, after charges; each block names its date.
Model, back tested, after charges, 2021 to May 2026.
Model, back tested monthly returns after charges, May 2021 to May 2026 (61 months).
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.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | no data | no data | no data | no data | 0.4 | 1.9 | 8.2 | 0.4 | 11.2 | 1.4 | −6.5 | 17.4 | +37.5% |
| 2022 | −0.1 | −7.5 | 8.2 | 1.8 | −6.2 | −3.6 | 9.1 | 2.3 | −1.5 | 6.9 | 13.6 | 14.9 | +41.3% |
| 2023 | −10.8 | −5.3 | 4.1 | 11.4 | −1.1 | 12.5 | 6.7 | 10.0 | 10.4 | −2.1 | 15.4 | 12.4 | +79.4% |
| 2024 | 10.5 | 4.6 | −0.5 | 10.7 | 8.4 | 2.8 | 3.0 | 2.8 | −1.9 | −4.2 | 2.3 | 4.5 | +51.1% |
| 2025 | −15.5 | −9.8 | 9.7 | 4.3 | 8.7 | 4.1 | −5.1 | 3.9 | −0.3 | 3.5 | 3.7 | 1.5 | +5.6% |
| 2026 | −2.8 | 4.9 | −14.8 | 13.4 | 2.8 | no data | no data | no data | no data | no data | no data | no data | +1.3% |
Model, back tested, after charges; one calendar month per cell, in percent.
Model, back tested, month end values, May 2021 to Jul 2026.
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.
7 sectors in the equity sleeve; 25.5% not yet in the sector map. Heavy in metals/energy/power complex, exchanges, banks, pharma/chemicals, engineering, and select consumer/realty names.
132 rebalances, 9 sectors touched, 7 held now.
| Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now |
|---|---|---|---|---|---|---|---|
| Other, not yet mapped | 82 | 80 | 72 | 73 | 76 | 40 | 25 |
| Banking & Financial | 7 | 9 | 12 | 7 | 11 | 20 | 20 |
| Power & Utilities | 2 | 4 | 7 | 5 | 2 | 9 | 20 |
| Capital Goods | 1 | 5 | 4 | 8 | 7 | 9 | 15 |
| Metals & Mining | 6 | 1 | 1 | 4 | 1 | 8 | 10 |
| Auto & Components | 0 | 1 | 1 | 1 | 2 | 8 | 5 |
| FMCG & Consumer | 0 | 0 | 0 | 0 | 0 | 1 | 5 |
| Pharma & Healthcare | 0 | 0 | 4 | 2 | 1 | 4 | out |
| Realty & Construction | 1 | 1 | 0 | 1 | 0 | 1 | out |
Average weight of the equity sleeve that year, equal weighted at the stock level; darker is higher. Now: the list of 11 May 2026.
A fixed calendar; you approve each rebalance before your broker places the orders.
Against the list of 8 May 2026: 0 in, 6 out, 20 held, 20 on the list.
The 20 held names are in Holdings.
Model, back tested record. In plus held is the list size, which can differ from the 20 stock target. Not recommendations.
| Date | On the list | In | Out |
|---|---|---|---|
| 11 May 2026 | 20 | 0 | −6 |
| 8 May 2026 | 26 | +6 | −6 |
| 24 Apr 2026 | 26 | +6 | −6 |
| 10 Apr 2026 | 26 | +6 | −4 |
| 27 Mar 2026 | 24 | +4 | −4 |
| 13 Mar 2026 | 24 | +3 | −6 |
10 such shifts in 132 rebalances.
Equity sleeve, between two consecutive lists.
| Metric | Midcap | Nifty 50 |
|---|---|---|
| Sharpe ratio | 1.49 | 0.73 |
| Sortino ratio | 1.46 | 0.70 |
| Calmar ratio | 1.66 | 0.58 |
| Volatility, a year | 25.44% | 14.04% |
| Max drawdown | −24.87% | −16.92% |
| Best week | +9.45% | +6.36% |
| Worst week | −10.41% | −6.33% |
| Weeks up | 60.92% | 57.47% |
| Average up week | +2.92% | +1.49% |
| Average down week | −2.69% | −1.57% |
Model, back tested, after charges. Weekly, rolling 5 years to 27 Apr 2026; Nifty 50 over the same window.
High, Low to Very High
Card figures: Model, back tested. As of 27 Apr 2026. Take the risk profile to find your band.
Start from the Nifty Midcap 150, filtered to stocks priced under ₹5,000.
Score every stock by a risk adjusted momentum composite over several look backs.
Hold the top 20 names by score, equal weighted so no single name dominates.
Every 2 weeks the model reruns: names out of the top 20 are sold, new entrants bought, and the full list is published.
This card sits between Alpha 5 (5 stocks) and Midcap Smallcap (40 stocks) in concentration. The 20-stock structure on the curated Nifty Midcap 150 universe is the lineup's pure mid-cap momentum expression. Rebalance every 2 weeks. Equal-weighted at roughly 5% each.
Twenty names is enough to spread single-stock accidents and few enough that each position still matters. The screen re-ranks the whole universe every fortnight and the portfolio follows it without argument.
You cannot diversify away mid-cap regime risk with 20 names from a 150-stock universe, and this card does not try. When the mid-cap segment corrects, the card corrects with it. That segment risk is the deliberate exposure, not a flaw.
This is not the broad-market choice. Allcap is. This is the mid-cap-only conviction trade. For an investor who specifically wants mid-cap exposure (the 100 to 250 ranked names by market cap, India's mid-cap capex story), 20 stocks rotated every 2 weeks is the mid-cap-only expression on the lineup.
This card's job is to explain what produces them.
A description, not a recommendation. Decide your own allocation, or ask a SEBI registered investment adviser.
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.
Free Learn modules, no sign up.
0.2%of traded value, charged only when a rebalance trades
No subscription, AUM or performance fee; broker charges are separate. Fee calculator Pricing
Estimate from the model rebalance record at 0.2% of traded value; weight resets and broker charges excluded.
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.
Investing: Practice first, then Live
5 chapters, 0:46, no sound
04Questions
20 stocks from the Nifty Midcap 150. Fortnightly rotation. It selects the top 20 momentum names from Nifty Midcap 150 and rebalances every 2 weeks.
About ₹90,000 (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.
Midcap shows a model CAGR of 38.75% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.49. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns.
24.87% peak to trough in the model record. The deepest period ran 322 days, from 20 Dec 2024 to 7 Nov 2025. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again, so size the position for it.
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 11 May 2026, about 8.9 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 ₹90,000 that is about ₹1,590 a year, an estimate from the model record, not a promise.
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
Moderately HighMomentum
Smallcap
Nifty Smallcap 250, 50 stocks, every 2 weeks
CAGR, model37.40%Max DD−22.3%From₹2.19L
Moderately HighMomentum
Microcap
Nifty Microcap 250, 50 stocks, every 2 weeks
CAGR, model37.33%Max DD−26.4%From₹2.25L
Moderately HighMomentum
Midcap Smallcap
NSE Universe, 40 stocks, every 2 weeks
CAGR, model42.64%Max DD−26.2%From₹80K
CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026.
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Ready when you are
38.75% CAGR, model, back tested. About ₹90K to start. Every 2 weeks, you approve each one.
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.