--- title: "Midcap Smallcap Momentum Strategy on NSE | RupeeCase" description: "40 mid and small cap momentum stocks from the NSE universe under 2000, equal weight, rotated every 2 weeks. Own them in your demat, 0.2% per rebalance." source_url: "https://www.rupeecase.com/strategies/midcap-smallcap" --- Momentum, NSE Universe # Midcap Smallcap momentum strategy Midcap Smallcap is a RupeeCase index that holds 40 stocks from the NSE Universe, ranked by price momentum, rebalanced every 2 weeks. Model CAGR 42.6% (back tested, as of 27 Apr 2026), minimum about ₹80,000 (as of 8 Aug 2026), moderately high risk band. 40 stocks, fortnightly rotation. Momentum on the NSE Universe under 2000. **Moderately High** risk band [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=midcap-smallcap) [Compare with Midcap](/strategies/compare/midcap-vs-midcap-smallcap) Runs in your own 5paisa, Zebu or Arrow demat. The shares stay in your name. 01At a glance ## What has Midcap Smallcap returned in the back test? Model, back tested, as of 27 Apr 2026: 42.64% a year since May 2021 after charges, with a deepest fall of −26.17%, against 9.80% for the Nifty 50 TRI line. Not a promise of future returns. CAGR**42.64%**Model, back tested Max drawdown**−26.17%**Model, back tested Minimum investment**₹80K**About ₹80,000 Fee per rebalance**0.2%**Of traded value, nothing else Midcap Smallcap, model**₹737**Nifty 50 TRI, 9.80% CAGR line**₹162** 150 200 300 500 700 ₹100 in May 2021 became ₹737 by Jul 2026 (Nifty 50 TRI line ₹162). Model, back tested. As of 27 Apr 2026. After charges, log scale. ## How much of Midcap Smallcap is in Power & Utilities? 18% of the equity names on the latest model list (11 May 2026): 7 of 40 names at equal weight. Chemicals is next at 10%. Model portfolio, not a recommendation. 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 Midcap Smallcap](https://invest.rupeecase.com/signup?strategy=midcap-smallcap) ### Invest, screen by screen Watch the walkthrough, 2:36 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 ## Midcap Smallcap factsheet Model, back tested, after charges; each block names its date. Print [PDF factsheet](https://www.rupeecase.com/strategies/factsheets/midcap-smallcap) Performance Holdings and sectors Rebalances Risk metrics Methodology Costs Documents ### Performance6 years, 61 months ### Performance #### Calendar year returns * 2021from May**+56.9%** * 2022**+26.9%** * 2023**+98.3%** * 2024**+86.0%** * 2025**−8.7%** * 2026to May**+13.0%** Model, back tested, after charges, 2021 to May 2026. #### What an amount would have become One time Every month Amount, ₹ You put in₹80,000 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**−23.5%** Back to the peak Model value, log scaleBelow the last peak Month on the record Deepest falls, daily record **−26.2%**Dec 2024, 497 days to recover **−18.1%**Jan 2022, 210 days to recover **−17.8%**Dec 2022, 147 days to recover **−12.2%**Feb 2024, 49 days to recover Exact dates of the deepest falls 1. **−26.17%**20 Dec 2024 to 1 May 2026*497 days* 2. **−18.10%**21 Jan 2022 to 19 Aug 2022*210 days* 3. **−17.77%**23 Dec 2022 to 19 May 2023*147 days* 4. **−12.18%**9 Feb 2024 to 29 Mar 2024*49 days* 5. **−11.45%**6 Aug 2021 to 3 Sep 2021*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 | 3.1 | 16.7 | 8.7 | −4.5 | 7.0 | 0.9 | −0.3 | 16.8 | +56.9% | | 2022 | 2.7 | −12.0 | 5.8 | 4.5 | −7.7 | 1.4 | 10.3 | 7.1 | −0.4 | 3.3 | 6.4 | 4.9 | +26.9% | | 2023 | −8.2 | −6.6 | 2.4 | 9.2 | 6.2 | 11.7 | 16.9 | 13.4 | 2.0 | 4.6 | 12.5 | 9.7 | +98.3% | | 2024 | 11.3 | 2.2 | −3.8 | 12.0 | 7.3 | 12.0 | 3.5 | 7.9 | 7.2 | −5.8 | 8.5 | 3.2 | +86.0% | | 2025 | −10.9 | −14.1 | 5.2 | −0.1 | 10.9 | 1.9 | −2.6 | 2.8 | −2.7 | −1.6 | −2.1 | 7.1 | −8.7% | | 2026 | −1.3 | 5.7 | −12.1 | 17.4 | 5.0 | no data | no data | no data | no data | no data | no data | no data | +13.0% | Model, back tested, after charges; one calendar month per cell, in percent. #### Rolling returns ##### Any 1 year, return Worst−12.0% Median+32.4% Best+163.3% Positive92%of 51 windows ##### Any 3 years, CAGR Worst+42.1% Median+58.3% Best+74.4% Positive100%of 27 windows Model, back tested, month end values, May 2021 to Jul 2026. ### Holdings and sectors40 holdings, 11 sectors ### Holdings and sectors #### 40 holdings * Equity**100%** Equal weight, 2.5% each. * HFCL * STLTECH * WEBELSOLAR * CUPID * QPOWER * APOLLO * WELCORP * JTLIND * ADANIPOWER * JAYNECOIND * GALLANTT * TDPOWERSYS * PRECWIRE * KRN * ADANIGREEN * ADANIENSOL * AEROFLEX * BAJAJCON * EPIGRAL * PAISALO * LLOYDSME * LLOYDSENT * MANINDS * IDEAFORGE * SUNFLAG * BHEL * COHANCE * HCC * CYIENTDLM * MANINFRA * KIRLPNU * BALAMINES * JAIBALAJI * HSCL * KPEL * SCI * SKYGOLD * SKIPPER * ELECON * FUSION Live quantities and prices are in the app. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=midcap-smallcap) 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 mapped**27.5%** * Power & Utilities**17.5%** * Chemicals**10.0%** * Metals & Mining**10.0%** * Capital Goods**10.0%** * IT & Technology**7.5%** * FMCG & Consumer**7.5%** * Pharma & Healthcare**2.5%** * Banking & Financial**2.5%** * Realty & Construction**2.5%** * Energy & Oil & Gas**2.5%** 11 sectors in the equity sleeve; 27.5% not yet in the sector map. Wide sector spread across power/energy, metals, capital markets, pharma/health, telecom, cap goods, NBFC, and micro/sme segments. #### Sector weight by year 131 rebalances, 14 sectors touched, 13 held now. Show the year by year sector table | Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now | | --- | --- | --- | --- | --- | --- | --- | --- | | Other, not yet mapped | 71 | 71 | 73 | 71 | 73 | 40 | 19 | | Capital Goods | 4 | 5 | 3 | 5 | 3 | 8 | 16 | | Metals & Mining | 4 | 4 | 5 | 5 | 4 | 12 | 12 | | Power & Utilities | 7 | 6 | 5 | 5 | 3 | 6 | 12 | | FMCG & Consumer | 4 | 3 | 1 | 4 | 3 | 5 | 9 | | Chemicals | 0 | 2 | 2 | 2 | 3 | 3 | 7 | | IT & Technology | 4 | 1 | 2 | 1 | 2 | 5 | 7 | | Banking & Financial | 3 | 3 | 6 | 3 | 3 | 6 | 4 | | Auto & Components | 1 | 1 | 2 | 0 | 1 | 6 | 4 | | Pharma & Healthcare | 0 | 0 | 2 | 2 | 2 | 3 | 4 | | Realty & Construction | 0 | 1 | 0 | 0 | 1 | 1 | 4 | | Energy & Oil & Gas | 0 | 3 | 0 | 1 | 0 | 3 | 2 | | Diversified | 0 | 0 | 0 | 0 | 0 | 0 | 2 | | Textiles | 0 | 0 | 0 | 0 | 1 | 1 | 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. ### Rebalances131 published, latest 8 May 2026 ### Rebalances #### The rebalance record published rebalances131 first in the record14 May 2021 26 a yearEvery 2 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 24 Apr 2026: **17 in**, **24 out**, 40 held, 57 on the list. ##### In * IDEAFORGE * SUNFLAG * BHEL * COHANCE * HCC * CYIENTDLM * MANINFRA * KIRLPNU * BALAMINES * JAIBALAJI * HSCL * KPEL * SCI * SKYGOLD * SKIPPER * ELECON * FUSION ##### Out * DEEPINDS * PREMIERENE * SILVER1 * SILVERIETF * SILVERADD * SILVERBEES * SBISILVER * SILVERCASE * SILVER * AXISILVER * HDFCSILVER * SMSPHARMA * HINDCOPPER * SBC * ZYDUSWELL * AETHER * GESHIP * GOKULAGRO * VEDL * ACMESOLAR * KIRLOSENG * NOCIL * KTKBANK * MBAPL 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 | Date | On the list | In | Out | | --- | --- | --- | --- | | 8 May 2026 | 57 | +17 | −24 | | 24 Apr 2026 | 64 | +23 | −14 | | 10 Apr 2026 | 55 | +14 | −4 | | 27 Mar 2026 | 45 | +4 | −13 | | 13 Mar 2026 | 54 | +5 | −6 | | 27 Feb 2026 | 55 | +13 | −12 | [Every rebalance with its names](/rebalance/midcap-smallcap/)[Rebalance history, CSV](/data/rebalances/midcap-smallcap.csv) #### Sector shifts of 10 points or more 4 such shifts in 131 rebalances. Show the latest six rebalances, what moved 1. 13 Feb 2026Other, not yet mapped **−17 pts** 2. 28 Mar 2025Other, not yet mapped **−11 pts** 3. 1 Apr 2022Other, not yet mapped **+11 pts** 4. 4 Mar 2022Other, not yet mapped **−10 pts** Equity sleeve, between two consecutive lists. ### Risk metricsSharpe 1.63, volatility 27.02% ### Risk metrics #### Midcap Smallcap against the Nifty 50 | Metric | Midcap Smallcap | Nifty 50 | | --- | --- | --- | | Sharpe ratio | 1.63 | 0.73 | | Sortino ratio | 1.48 | 0.70 | | Calmar ratio | 1.91 | 0.58 | | Volatility, a year | 27.02% | 14.04% | | Max drawdown | −26.17% | −16.92% | | Best week | +9.60% | +6.36% | | Worst week | −13.44% | −6.33% | | Weeks up | 65.13% | 57.47% | | Average up week | +2.98% | +1.49% | | Average down week | −3.13% | −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−26.17% Time horizon5 years or longer. Drawdowns of 26% 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)Allcap Multi AssetCAGR 40.5%, Sharpe 1.81, max drawdown −21.3%](/strategies/allcap-multi-asset)[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 2 weeks ### Methodology #### How it works 1. 1**Universe**Start from the NSE Universe, filtered to stocks priced under ₹2,000. 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 UniverseNSE Universe (max 2000) SleevesEquity 100 Holdings40, equal weight RebalanceEvery 2 weeks, 26 a year Max stock price₹2,000 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 Midcap Smallcap A strategy page on sample data * 40 momentum leaders picked from the NSE Universe under a price filter * Equity only: no debt sleeve, no gold sleeve * Fortnightly rotation keeps the portfolio on the current leaders * Built for investors who can hold through a small-cap correction Read 7 more paragraphs, 287 words The design leans on breadth and hit frequency. Forty names spread single-stock risk thin, and the fortnightly screen keeps the portfolio rotating into whatever the mid and small-cap tape currently rewards. Wins do not need to be huge when they come often enough. Frequency does the compounding work. The regime risk is real. Mid and small caps correct as a segment, and when they do, this card goes down with them and stays down until the segment turns. Drawdowns here are measured in months, not weeks. That is the price of running the segment with no debt or gold cushion. What you get for sitting through that is the full mid and small-cap engine when the regime is on. The strong stretches on this card have historically been very strong, and the recoveries come from the same breadth that spreads the risk. The card buys only stocks priced under 2000, the practical filter that maps the NSE Universe down to actively-tradeable mid and small-cap names. It rebalances every 2 weeks regardless of regime. It holds 40 names equal-weight. No fixed-income buffer. No gold sleeve. No defensive overlay. Each rebalance publishes the full list, and the roster typically spans power and renewables, capital goods, metals, pharma, capital markets, and a long tail of smaller names. The current holdings and the next rebalance date sit alongside this card and update on schedule. This is not a starter card. If you have not lived through a small-cap correction, start with Nifty 50 Equal Weight or a multi-asset card and graduate. This is also not a tax-friendly product if traded in a non-registered account. The numbers beside this card do the talking on performance. The structure they measure does not change. 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 * [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) * [Rebalancing](/learn/path-4/module-4-3-rebalancing-strategies) 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₹80,000 Rebalances, year to 8 May 202627 Traded, about12.8 timesthe portfolio Platform fee a year, about₹2,0502.6% 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+787.03%before costs Estimated costs−128.94 ptsbrokerage, STT and taxes Net return+658.09%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/midcap-smallcap) * [Rebalance history, CSV131 rebalances, 14 May 2021 to 8 May 2026.](/data/rebalances/midcap-smallcap.csv) * [Rebalance history page](/rebalance/midcap-smallcap/) * [Plain text (Markdown)](/strategies/midcap-smallcap.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 [Watch full screen: Investing: Practice first, then Live](/watch/invest-practice-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](/instiv2/media/wt3/invest-practice-live-bar-phone-dark-v3-va2.mp4) 2. [Chapter 2Amount and Use minimum0:36](/instiv2/media/wt3/invest-practice-live-amount-phone-dark-v3-va2.mp4) 3. [Chapter 3Practice0:28](/instiv2/media/wt3/invest-practice-live-practice-phone-dark-v3-va2.mp4) 4. [Chapter 4Live0:31](/instiv2/media/wt3/invest-practice-live-live-phone-dark-v3-va2.mp4) 5. [Chapter 5Your portfolio0:25](/instiv2/media/wt3/invest-practice-live-status-phone-dark-v3-va2.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. 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 portfolio**Value, holdings and every order from the day you invest, in your own demat. * **Practice mode**Follow a strategy with no broker order before you put money in. * **Each rebalance before you approve it**What comes in, what goes out and the cost, then one tap to confirm. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=midcap-smallcap) [How it starts](/getting-started) 04Questions ## Before you commit capital. ### What is the Midcap Smallcap strategy? 40 stocks, fortnightly rotation. Pure mid and small-cap momentum. It selects the top 40 momentum names from NSE Universe (max 2000) and rebalances every 2 weeks. ### What is the minimum investment for Midcap Smallcap? About ₹80,000 (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 Midcap Smallcap compare to the Nifty 50? Midcap Smallcap shows a model CAGR of 42.64% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.63. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns. ### What is the worst drawdown Midcap Smallcap has experienced? 26.17% peak to trough in the model record. The deepest period ran 497 days, from 20 Dec 2024 to 1 May 2026. 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 Midcap Smallcap? For the 18 retail strategies, 0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. About 2.6% 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 12.8 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 ₹80,000 that is about ₹2,050 a year, an estimate from the model record, not a promise. ### Can I exit Midcap Smallcap 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. * [Free module 3.5The Size Factor7 min read](/learn/path-3/module-3-5-size-factor-deep-dive) * [TierGrowth core tier strategies5 strategies grouped by job](/strategies/by-tier/mid-aggressive) * [Blog noteMidcap Smallcap: breadth is not diversificationStrategy notes, a short note](/blog/2026-06-30-evening-midcap-smallcap-breadth/) * [Blog noteYou sorted by return. Here is what you missed.Strategy notes, a short note](/blog/2026-08-03-evening-sort-by-return/) * [SectorCapital Goods stocksNSE sector across the 18 index algos](/sectors/capital-goods) * [StockADANIENSOL, Adani Energy SolutionsOn 12 of 18 latest lists](/stocks/ADANIENSOL) Related reading: the topic [Systematic investing](/topics/systematic-investing-india/) and the guide [Picking stocks by rules](/guides/how-to-pick-stocks-systematically). Community ## Join my WhatsApp group. Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me. New to RupeeCase? [Getting started](/getting-started) [See the terminal](/terminal) [Sign up for RupeeCase](https://invest.rupeecase.com/signup) [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7) [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera 05Same family ## Mid and small: Midcap 150, Smallcap 250, Microcap. [All 18 strategies](/strategies/#sxPick) [HighMomentum Midcap Nifty Midcap 150, 20 stocks, every 2 weeks CAGR, model38.75%Max DD−24.9%From₹90K](/strategies/midcap) [Moderately HighMomentum Smallcap Nifty Smallcap 250, 50 stocks, every 2 weeks CAGR, model37.40%Max DD−22.3%From₹2.19L](/strategies/smallcap) [Moderately HighMomentum Microcap Nifty Microcap 250, 50 stocks, every 2 weeks CAGR, model37.33%Max DD−26.4%From₹2.25L](/strategies/microcap) CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026. ### Compare Midcap Smallcap with * [vsMidcap](/strategies/compare/midcap-vs-midcap-smallcap) * [vsLarge Midcap](/strategies/compare/midcap-smallcap-vs-large-midcap) * [vs5Paisa Focused Alpha 5](/strategies/compare/5paisa-focused-alpha-5-vs-midcap-smallcap) * [vsAllcap Multi Asset](/strategies/compare/midcap-smallcap-vs-allcap-multi-asset) Sources and dates * [RupeeCase model figures (CAGR, Sharpe, maximum drawdown)](https://www.rupeecase.com/strategies/) RupeeCase. As of 27 Apr 2026. Model, back tested CAGR, Sharpe and drawdown, not actual client returns. * [RupeeCase published minimum capital](https://www.rupeecase.com/strategies/) RupeeCase. As of 8 Aug 2026. Minimum capital: one share of every holding at recent prices. * [RupeeCase published rebalance lists](https://www.rupeecase.com/rebalance/) RupeeCase. Record 14 May 2021 to 3 Jul 2026. Which stocks each index algo held on each rebalance date; counts, turnover and first seen dates. * [NSE daily bhavcopy, equity prices](https://www.nseindia.com/all-reports) NSE. Record 14 May 2021 to 3 Jul 2026. Share prices behind the back tested model record; the pages use the record from the first to the last published rebalance. * [Nifty equity indices methodology](https://www.niftyindices.com/Methodology/Method_NIFTY_Equity_Indices.pdf) NSE Indices. Undated document. How the Nifty equity indices the strategies refer to are built and rebalanced. * [SEBI circular, Norms for sharing and usage of price data for educational purposes](https://www.sebi.gov.in/legal/circulars/may-2026/norms-for-sharing-and-usage-of-price-data-for-educational-purposes_101293.html) SEBI. Dated 8 May 2026. Why educational pages here carry no market price or index data from the last 30 days. 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 ## Midcap Smallcap 42.64% CAGR, model, back tested. About ₹80K to start. Every 2 weeks, you approve each one. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=midcap-smallcap) [Compare with Midcap](/strategies/compare/midcap-vs-midcap-smallcap) 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.