--- title: "Nifty 50 Equal Weight Index Strategy | RupeeCase" description: "All 50 Nifty 50 stocks at equal weight, about 2% each, rebalanced every 4 weeks. No momentum screen. Own it in your demat, 0.2% of traded value per rebalance." source_url: "https://www.rupeecase.com/strategies/nifty-50-equal-weight" --- Equal weight, Nifty 50 # Nifty 50 Equal Weight index strategy Nifty 50 Equal Weight is a RupeeCase index that holds 50 stocks from the Nifty 50, held at equal weight, rebalanced every 4 weeks. Model CAGR 16.4% (back tested, as of 27 Apr 2026), minimum about ₹2,49,000 (as of 8 Aug 2026), moderate risk band. All 50 Nifty names, equal weight. The simplest card on the lineup. **Moderate** risk band [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) [Compare head to head](/strategies/compare/5paisa-focused-alpha-5-vs-nifty-50-equal-weight) Runs in your own 5paisa, Zebu or Arrow demat. The shares stay in your name. 01At a glance ## What has Nifty 50 Equal Weight returned in the back test? Model, back tested, as of 27 Apr 2026: 16.35% a year since Jul 2021 after charges, with a deepest fall of −15.71%, against 9.80% for the Nifty 50 TRI line. Not a promise of future returns. CAGR**16.35%**Model, back tested Max drawdown**−15.71%**Model, back tested Minimum investment**₹2.49L**About ₹2,49,000 Fee per rebalance**0.2%**Of traded value, nothing else Nifty 50 Equal Weight, model**₹214**Nifty 50 TRI, 9.80% CAGR line**₹160** 150 200 ₹100 in Jul 2021 became ₹214 by Jul 2026 (Nifty 50 TRI line ₹160). Model, back tested. As of 27 Apr 2026. After charges, log scale. ## How much of Nifty 50 Equal Weight is in Capital Goods? 7% of the equity names on the latest model list (3 Jul 2026): 3 of 44 names at equal weight. Banking & Financial is next at 7%. 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 Nifty 50 Equal Weight](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) ### 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 ## Nifty 50 Equal Weight factsheet Model, back tested, after charges; each block names its date. Print [PDF factsheet](https://www.rupeecase.com/strategies/factsheets/nifty-50-equal-weight) Performance Holdings and sectors Rebalances Risk metrics Methodology Costs Documents ### Performance6 years, 61 months ### Performance #### Calendar year returns * 2021from Jul**+11.3%** * 2022**+9.2%** * 2023**+34.1%** * 2024**+17.7%** * 2025**+11.8%** * 2026to Jul**−1.0%** Model, back tested, after charges, 2021 to Jul 2026. #### What an amount would have become One time Every month Amount, ₹ You put in₹2,49,000 Model value Gain Model, back tested monthly returns after charges, Jul 2021 to Jul 2026 (61 months). #### Stress test: drag through the falls Month**Feb 2025** Below the last peak**−15.7%** Back to the peak Model value, log scaleBelow the last peak Month on the record Deepest falls, daily record **−15.7%**Oct 2024, 371 days to recover **−13.9%**Apr 2022, 105 days to recover **−10.3%**Jan 2022, 70 days to recover **−9.9%**Dec 2022, 161 days to recover Exact dates of the deepest falls 1. **−15.71%**4 Oct 2024 to 10 Oct 2025*371 days* 2. **−13.86%**15 Apr 2022 to 29 Jul 2022*105 days* 3. **−10.28%**21 Jan 2022 to 1 Apr 2022*70 days* 4. **−9.94%**9 Dec 2022 to 19 May 2023*161 days* 5. **−8.91%**22 Oct 2021 to 7 Jan 2022*77 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, Jul 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 | no data | no data | −0.4 | 5.0 | 4.8 | 0.0 | −2.7 | 4.5 | +11.3% | | 2022 | −2.0 | −1.8 | 3.6 | 0.7 | −3.5 | −4.4 | 10.5 | 1.9 | −1.3 | 5.9 | 1.4 | −1.2 | +9.2% | | 2023 | −4.0 | −2.8 | 1.3 | 5.8 | 4.3 | 5.7 | 3.1 | −0.6 | 3.5 | −1.7 | 5.7 | 10.4 | +34.1% | | 2024 | 1.8 | 4.9 | 1.6 | 1.7 | 3.4 | 3.9 | 4.2 | 2.7 | 2.8 | −7.0 | −0.7 | −2.1 | +17.7% | | 2025 | −1.5 | −5.3 | 5.5 | 4.7 | 2.6 | 3.8 | −3.4 | −0.1 | 0.3 | 5.0 | 0.7 | −0.6 | +11.8% | | 2026 | −3.3 | 1.4 | −8.9 | 9.6 | −1.3 | 0.8 | 1.8 | no data | no data | no data | no data | no data | −1.0% | Model, back tested, after charges; one calendar month per cell, in percent. #### Rolling returns ##### Any 1 year, return Worst−4.0% Median+11.6% Best+54.0% Positive94%of 49 windows ##### Any 3 years, CAGR Worst+15.5% Median+20.9% Best+27.0% Positive100%of 25 windows Model, back tested, month end values, Jul 2021 to Jul 2026. ### Holdings and sectors44 holdings, 7 sectors ### Holdings and sectors #### 44 holdings * Equity**100%** * ADANIENT * MAXHEALTH * SHRIRAMFIN * ADANIPORTS * BAJFINANCE * ICICIBANK * GRASIM * ASIANPAINT * TITAN * AXISBANK * SUNPHARMA * NESTLEIND * HINDALCO * SBIN * CIPLA * KOTAKBANK * DRREDDY * COALINDIA * LT * JSWSTEEL * ETERNAL * BHARTIARTL * BEL * TECHM * TATACONSUM * NTPC * M&M * BAJAJFINSV * POWERGRID * TATASTEEL * HDFCBANK * SBILIFE * HINDUNILVR * RELIANCE * JIOFIN * ONGC * ITC * HDFCLIFE * WIPRO * HCLTECH * INFY * TCS * TRENT * INDIGO Live quantities and prices are in the app. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) Equal weight across the 44 names on the published list of 3 Jul 2026. Model portfolio, not a recommendation. #### Sector allocation * Other, not yet mapped**68.2%** * Capital Goods**6.8%** * Banking & Financial**6.8%** * FMCG & Consumer**4.5%** * Metals & Mining**4.5%** * Energy & Oil & Gas**4.5%** * Power & Utilities**4.5%** 7 sectors in the equity sleeve; 68.2% not yet in the sector map. Every sector the Nifty 50 carries, held at equal weight. No sector bet beyond what the index itself contains. #### Sector weight by year 65 rebalances, 7 sectors touched, 7 held now. Show the year by year sector table | Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now | | --- | --- | --- | --- | --- | --- | --- | --- | | Other, not yet mapped | 67 | 68 | 68 | 68 | 68 | 68 | 68 | | Capital Goods | 7 | 7 | 7 | 7 | 7 | 7 | 7 | | Banking & Financial | 7 | 7 | 7 | 7 | 7 | 7 | 7 | | Metals & Mining | 5 | 5 | 5 | 5 | 5 | 5 | 5 | | FMCG & Consumer | 5 | 5 | 5 | 4 | 4 | 5 | 5 | | Energy & Oil & Gas | 5 | 5 | 5 | 5 | 5 | 5 | 5 | | Power & Utilities | 5 | 5 | 5 | 5 | 5 | 5 | 5 | Average weight of the equity sleeve that year, equal weighted at the stock level; darker is higher. Now: the list of 3 Jul 2026. ### Rebalances65 published, latest 3 Jul 2026 ### Rebalances #### The rebalance record published rebalances65 first in the record6 Aug 2021 13 a yearEvery 4 weeks latest published3 Jul 2026 A fixed calendar; you approve each rebalance before your broker places the orders. #### Latest rebalance, 3 Jul 2026 Against the list of 5 Jun 2026: **0 in**, **0 out**, 44 held, 44 on the list. The 44 held names are in Holdings. Model, back tested record. In plus held is the list size, which can differ from the 50 stock target. Not recommendations. #### Recent rebalances | Date | On the list | In | Out | | --- | --- | --- | --- | | 3 Jul 2026 | 44 | 0 | 0 | | 5 Jun 2026 | 44 | 0 | 0 | | 8 May 2026 | 44 | 0 | 0 | | 10 Apr 2026 | 44 | +1 | 0 | | 13 Mar 2026 | 43 | 0 | 0 | | 13 Feb 2026 | 43 | 0 | 0 | [Every rebalance with its names](/rebalance/nifty-50-equal-weight/)[Rebalance history, CSV](/data/rebalances/nifty-50-equal-weight.csv) ### Risk metricsSharpe 1.13, volatility 14.23% ### Risk metrics #### Nifty 50 Equal Weight against the Nifty 50 | Metric | Nifty 50 Equal Weight | Nifty 50 | | --- | --- | --- | | Sharpe ratio | 1.13 | 0.69 | | Sortino ratio | 1.11 | 0.67 | | Calmar ratio | 1.03 | 0.54 | | Volatility, a year | 14.23% | 14.15% | | Max drawdown | −15.71% | −16.92% | | Best week | +5.50% | +6.36% | | Worst week | −6.48% | −6.33% | | Weeks up | 56.70% | 56.32% | | Average up week | +1.66% | +1.53% | | Average down week | −1.50% | −1.57% | Model, back tested, after charges. Weekly, rolling 5 years to 13 Jul 2026; Nifty 50 over the same window. #### Risk band **Moderate**, Low to Very High Deepest model fall−15.71% Time horizon5 years or longer. Drawdowns of 16% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here. ##### Walk the risk band Already at the conservative end of the lineup. [One step bolder (Moderately High)Focused Largecap 20CAGR 26.3%, Sharpe 1.20, max drawdown −23.6%](/strategies/focused-largecap-20) 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 50. 2. 2**Screen**There is no ranking screen. Every stock in the universe qualifies, so nobody picks winners. 3. 3**Weight**Hold all 50 names at equal weight, roughly 2% each, so no single company dominates because of its size. 4. 4**Rebalance**Every 4 weeks the model resets the book to equal weights. Stocks that drifted up are trimmed and stocks that drifted down are topped up. The full list is published at every rebalance. #### Configuration UniverseNifty 50 SleevesEquity 100 Holdings50, equal weight RebalanceEvery 4 weeks, 13 a year BenchmarkNifty 50 (charts: Nifty 50 TRI CAGR line) Back test from9 Jul 2021 Metrics windowRolling 5 years PricesNSE BhavCopy, after brokerage, STT, exchange charges and GST Written forInvestors who want a balanced equity tilt with a built-in volatility cushion #### Why Nifty 50 Equal Weight Tick by tick, drawn as data * All 50 Nifty names, equal weight, no screen, no buffer * One rule: keep every position the same size * Index breadth without cap-weight concentration * The starter card for first-time systematic investors Read 4 more paragraphs, 156 words The simplest card on the lineup. All 50 Nifty names, equal weight, rebalanced every 4 weeks. No momentum screen. No buffer sleeve. No selection at all. The only decision this card makes is to keep every position the same size. That one decision matters more than it looks. The cap-weighted Nifty concentrates its fate in a handful of giants at the top. Equal weight spreads the same 50 names evenly, so the smaller half of the index actually moves the needle and no single conglomerate decides your month. This is discipline over selection. Every 4 weeks the card trims what has run and tops up what has lagged, which quietly forces the sell-high, buy-low behaviour most investors never manage by hand. It suits first-time systematic investors who want index breadth with equal-weight balance instead of cap-weight concentration, one rule they can explain at a dinner table, and a rhythm slow enough to watch and learn from. 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 * [Building your first strategy](/learn/path-2/module-2-5-building-your-first-strategy) * [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₹2,49,000 Rebalances, year to 3 Jul 202614 TradedUnder 0.1 timesthe portfolio Platform fee a year, under₹250under 0.1% 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+115.10%before costs Estimated costs−2.77 ptsbrokerage, STT and taxes Net return+112.33%after costs Nifty 50, same window+55.09%cumulative Model, back tested, cumulative, rolling 5 years to 13 Jul 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/nifty-50-equal-weight) * [Rebalance history, CSV65 rebalances, 6 Aug 2021 to 3 Jul 2026.](/data/rebalances/nifty-50-equal-weight.csv) * [Rebalance history page](/rebalance/nifty-50-equal-weight/) * [Plain text (Markdown)](/strategies/nifty-50-equal-weight.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=nifty-50-equal-weight) [How it starts](/getting-started) 04Questions ## Before you commit capital. ### What is the Nifty 50 Equal Weight strategy? All 50 Nifty names, equal weight. The simplest card on the lineup. It selects the top 50 momentum names from Nifty 50 and rebalances every 4 weeks. ### What is the minimum investment for Nifty 50 Equal Weight? About ₹2,49,000 (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 Nifty 50 Equal Weight compare to the Nifty 50? Nifty 50 Equal Weight shows a model CAGR of 16.35% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.13. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns. ### What is the worst drawdown Nifty 50 Equal Weight has experienced? 15.71% peak to trough in the model record. The deepest period ran 371 days, from 4 Oct 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 Nifty 50 Equal Weight? For the 18 retail strategies, 0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. Under 0.1% of capital a year at 0.2% of traded value, from the published rebalance record: 14 rebalances in the year to 3 Jul 2026, no name left the list (3 added, funded by trimming the rest, a weight reset). Weight resets and broker side charges (brokerage, STT, exchange charges, GST) are not included. Turnover varies year to year. On the minimum capital of ₹2,49,000 that is under ₹250 a year, an estimate from the model record, not a promise. ### Can I exit Nifty 50 Equal Weight 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. * [GuideDirect indexing in India: owning the index stock by stockShares instead of units: the costs, the tax, the tracking error and who it suits.](/guides/direct-indexing-india) * [TopicEqual weight investing reading list: guides, records and termsA reading list: guides, modules, tools and questions](/topics/equal-weight-investing/) * [Free module 1.3Indices & Benchmarks13 min read](/learn/path-1/module-1-3-indices-and-benchmarks) * [Free module 6.5Index Funds vs ETFs vs Active, The Evidence in India8 min read](/learn/path-6/module-6-5-index-funds-vs-etfs-vs-active) * [TierStarter tier strategies2 strategies grouped by job](/strategies/by-tier/starter) * [CalculatorSIP calculatorFree, with the formula and a worked example](/learn/tools/sip-calculator) Related reading: the topic [Nifty indices](/topics/nifty-indices-explained/) and the guide [Equal weight vs market cap](/guides/equal-weight-vs-market-cap). 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 ## 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) [Moderately HighMulti asset Large Cap Multi Asset Nifty 100, 22 stocks, every 4 weeks CAGR, model24.36%Max DD−21.0%From₹1.25L](/strategies/largecap-multi-asset) CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026. ### Compare Nifty 50 Equal Weight with * [vs5Paisa Focused Alpha 5](/strategies/compare/5paisa-focused-alpha-5-vs-nifty-50-equal-weight) * [vsFocused Largecap 20](/strategies/compare/nifty-50-equal-weight-vs-focused-largecap-20) * [vsAllcap](/strategies/compare/nifty-50-equal-weight-vs-allcap) 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 ## Nifty 50 Equal Weight 16.35% CAGR, model, back tested. About ₹2.49L to start. Every 4 weeks, you approve each one. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight) [Compare head to head](/strategies/compare/5paisa-focused-alpha-5-vs-nifty-50-equal-weight) 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.