Momentum, Nifty Smallcap 250
Smallcap is a RupeeCase index that holds 50 stocks from the Nifty Smallcap 250, ranked by price momentum, rebalanced every 2 weeks. Model CAGR 37.4% (back tested, as of 27 Apr 2026), minimum about ₹2,19,000 (as of 8 Aug 2026), moderately high risk band.
50 stocks from the Nifty Smallcap 250. Fortnightly rotation.
Moderately 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 ₹541 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 Smallcap
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 | 3.7 | 9.1 | 11.4 | −4.4 | 4.9 | 3.7 | −2.6 | 8.9 | +39.2% |
| 2022 | 3.2 | −7.7 | 7.4 | 6.5 | −6.7 | −0.7 | 11.3 | 3.0 | 2.0 | 4.2 | 3.3 | 0.6 | +28.2% |
| 2023 | −3.3 | −1.5 | 6.9 | 7.8 | 5.5 | 11.3 | 13.5 | 8.1 | 5.5 | 1.0 | 13.1 | 11.6 | +112.7% |
| 2024 | 13.6 | 3.0 | −4.7 | 7.6 | 6.2 | 7.8 | 3.8 | 2.3 | 4.3 | −4.4 | 4.9 | 1.8 | +55.2% |
| 2025 | −11.4 | −11.3 | 8.6 | 1.7 | 6.3 | 2.0 | −4.9 | 0.3 | 0.7 | 4.0 | −2.7 | −0.2 | −8.7% |
| 2026 | −6.3 | 3.6 | −6.4 | 12.7 | 2.2 | no data | no data | no data | no data | no data | no data | no data | +4.7% |
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.
11 sectors in the equity sleeve; 37.4% not yet in the sector map. Broad small-cap spectrum across power, renewables, metals, pharma, capital goods, and micro-cap names.
132 rebalances, 13 sectors touched, 11 held now.
| Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now |
|---|---|---|---|---|---|---|---|
| Other, not yet mapped | 67 | 70 | 69 | 69 | 68 | 44 | 38 |
| Metals & Mining | 9 | 7 | 10 | 6 | 7 | 11 | 10 |
| IT & Technology | 4 | 3 | 3 | 5 | 4 | 6 | 8 |
| Capital Goods | 3 | 4 | 5 | 4 | 2 | 4 | 8 |
| Auto & Components | 2 | 1 | 1 | 1 | 0 | 3 | 8 |
| Banking & Financial | 3 | 3 | 5 | 4 | 5 | 8 | 6 |
| Chemicals | 3 | 2 | 1 | 1 | 1 | 2 | 6 |
| Power & Utilities | 3 | 3 | 2 | 3 | 3 | 3 | 4 |
| Energy & Oil & Gas | 1 | 4 | 3 | 3 | 2 | 6 | 4 |
| Pharma & Healthcare | 2 | 1 | 1 | 3 | 4 | 10 | 4 |
| Textiles | 1 | 1 | 1 | 0 | 1 | 3 | 2 |
| FMCG & Consumer | 1 | 1 | 0 | 0 | 1 | 1 | out |
| Realty & Construction | 0 | 0 | 0 | 0 | 1 | 0 | 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, 19 out, 48 held, 48 on the list.
The 48 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.
| Date | On the list | In | Out |
|---|---|---|---|
| 11 May 2026 | 48 | 0 | −19 |
| 8 May 2026 | 67 | +16 | −18 |
| 24 Apr 2026 | 69 | +20 | −10 |
| 10 Apr 2026 | 59 | +13 | −5 |
| 27 Mar 2026 | 51 | +7 | −11 |
| 13 Mar 2026 | 55 | +8 | −16 |
4 such shifts in 132 rebalances.
Equity sleeve, between two consecutive lists.
| Metric | Smallcap | Nifty 50 |
|---|---|---|
| Sharpe ratio | 1.59 | 0.73 |
| Sortino ratio | 1.45 | 0.70 |
| Calmar ratio | 1.85 | 0.58 |
| Volatility, a year | 23.51% | 14.04% |
| Max drawdown | −22.34% | −16.92% |
| Best week | +9.04% | +6.36% |
| Worst week | −9.84% | −6.33% |
| Weeks up | 62.84% | 57.47% |
| Average up week | +2.68% | +1.49% |
| Average down week | −2.59% | −1.57% |
Model, back tested, after charges. Weekly, rolling 5 years to 27 Apr 2026; Nifty 50 over the same window.
Moderately 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 Smallcap 250, filtered to stocks priced under ₹5,000.
Score every stock by a risk adjusted momentum composite over several look backs.
Hold the top 50 names by score, equal weighted so no single name dominates.
Every 2 weeks the model reruns: names out of the top 50 are sold, new entrants bought, and the full list is published.
Fifty stocks from the Nifty Smallcap 250 universe, equal-weighted at roughly 2% each, rebalanced every 2 weeks. Pure small-cap momentum with no large-cap or mid-cap dilution.
Breadth is the built-in defence. Fifty names from a 250-stock universe spread single-name accidents thin, in a segment famous for violence in both directions.
Small-cap regime drawdowns are real, and this card takes them when they come. What the structure offers in exchange is exposure to the smallcap segment, screened fortnightly so the portfolio stays with the current leaders rather than yesterday's.
This is the smallcap-only conviction trade. For an investor who wants the 250-ranked-and-below names, India's emerging-leader pipeline, 50 stocks rotated every 2 weeks is the smallcap-only expression on the lineup.
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
50 stocks from the Nifty Smallcap 250. Fortnightly rotation. It selects the top 50 momentum names from Nifty Smallcap 250 and rebalances every 2 weeks.
About ₹2,19,000 (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.
Smallcap shows a model CAGR of 37.40% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.59. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns.
22.34% peak to trough in the model record. The deepest period ran 70 days, from 21 Jan 2022 to 1 Apr 2022. 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 1.9% 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 9.4 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 ₹2,19,000 that is about ₹4,130 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
HighMomentum
Midcap
Nifty Midcap 150, 20 stocks, every 2 weeks
CAGR, model38.75%Max DD−24.9%From₹90K
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
37.40% CAGR, model, back tested. About ₹2.19L 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.