SMALLCAP

Smallcap

50 stocks. Nifty Smallcap 250 universe. Fortnightly rotation. CAGR 41.26%. Sharpe 1.59.

Updated 11 Jun 2026 Rebalances 2 weeks Next: 2026-05-25

Start with Smallcap → View factsheet Rebalance history

0.2% on traded value · No AUM fee · No lock-in · Minimum ₹215317 · Capital stays in your own broker

CAGR

41.26%

Sharpe Ratio

1.59

Max Drawdown

-22.34%

Min Capital

₹215317

How It Works

Step 1 | Universe Start from Nifty Smallcap 250 filtered to stocks priced under ₹5000.
Step 2 | Rank Score every stock in the universe by a momentum composite (price trend over multiple lookbacks, risk-adjusted). The top names by score become the candidate list.
Step 3 | Select Hold the top 50 names by score. Equal-weight across the book so no single name dominates.
Step 4 | Rebalance Every 2 weeks the model re-runs end-to-end. Names that fall out of the top 50 are sold; new entrants are bought. You see the full holdings list at every rebalance.

Who This Is For

Suitable for

investors who want growth but read a 25 percent drawdown as opportunity not panic

Suggested allocation

20 to 40 percent of equity capital

Time horizon

5 years or longer. Drawdowns of 22% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here.

Capital required

₹215317 minimum. This buys roughly one share of every holding at current prices. Investing more buys fractions of additional units and tightens the model's expected behaviour.

Strategy Configuration

Universe

Nifty Smallcap 250

Holdings

50 stocks

Rebalance

2 weeks

Risk Level

Moderately High

Benchmark

Nifty 50

Max Stock Price

₹5000

Live NAV | Backtested 2021 onwards

Smallcap vs Nifty 50

Both indexed to 100 on inception. Hover for date-by-date NAV. Range chips to zoom; expand button for full window.

NAV indexed to 100 on inception (Jan 2021 or later). Backtested returns include realistic transaction costs. Past performance is not indicative of future results. Source: NSE BhavCopy.

Performance Metrics

Metric	Smallcap	Nifty 50
CAGR	41.26%	9.80%
Cumulative Return	462.93%	59.62%
Sharpe Ratio	1.59	0.73
Max Drawdown	-22.34%	-16.92%
Volatility	23.51%	14.04%

Cost Decomposition

Gross Return

536.88%

Total Cost

73.95%

Net Return

462.93%

What this would have returned

Your amount run through Smallcap's backtested monthly returns (2021-05-07 to now, after costs). A backtest, not a promise.

Invest ₹ per month

You put in

₹0

Backtested value

₹0

Gain

₹0

Over 61 months of backtested monthly returns, after estimated costs. Past performance is not indicative of future results. See the factsheet.

Worst 5 Drawdowns

Started	Recovered	Max DD	Duration (days)
2022-01-21	2022-04-01	-14.32%	70
2022-04-22	2022-07-15	-14.31%	84
2024-02-23	2024-04-19	-11.89%	56
2021-08-06	2021-09-03	-9.38%	28
2021-10-22	2021-12-24	-7.83%	63

Yearly Returns

2021

+39.2%

2022

+28.2%

2023

+112.7%

2024

+55.2%

2025

-8.7%

2026

+4.7%

Sector allocation

11 sectors represented in the equity sleeve. Largest concentration: Diversified at 37.4%. Equal-weighted at the stock level, so sector weights drift with which momentum names rank highest.

Diversified 37.4%

Metals & Mining 10.5%

IT & Technology 8.5%

Auto & Components 8.4%

Capital Goods 7.6%

Banking & Financial 6.6%

Chemicals 5.3%

Energy & Oil & Gas 4.5%

Power & Utilities 4.5%

Pharma & Healthcare 4.4%

Textiles 2.2%

Sector rotation

132 rebalances . 13 sectors touched . 11 live today.

Darker cell . higher weight . blank . sector not held

Diversified

38%

Metals & Mining

10%

Auto & Components

Capital Goods

IT & Technology

Banking & Financial

Chemicals

Energy & Oil & Gas

Pharma & Healthcare

Power & Utilities

Textiles

FMCG & Consumer

out

Realty & Construction

out

202120222023202420252026

Equal weighted at the stock level . source rebalance CSV . sector map curated against NSE listings . 2 sectors previously held now exited

Latest move . 2026-05-08 to 2026-05-11

Energy & Oil & Gas +1ppCapital Goods +2ppDiversified +11pp

Out

Realty & Construction out (was 1%)Metals & Mining -3ppBanking & Financial -6ppPower & Utilities -2ppPharma & Healthcare -5pp

tickers removed: KAJARIACER FIVESTAR HEG ANANDRATHI HONASA ZYDUSWELL RPOWER ABSLAMC NATCOPHARM CARBORUNIV GPIL ZENTEC GRAPHITE HBLENGINE WOCKPHARMA SONACOMS AAVAS SARDAEN HOMEFIRST

Rotation events . shifts 10pp or more

2026-05-11 Diversified +11pp removed KAJARIACER, FIVESTAR, HEG, ANANDRATHI, HONASA, ZYDUSWELL, RPOWER, ABSLAMC, NATCOPHARM, CARBORUNIV, GPIL, ZENTEC, GRAPHITE, HBLENGINE, WOCKPHARMA, SONACOMS, AAVAS, SARDAEN, HOMEFIRST
2026-04-24 Diversified -12pp added ABDL, DEEPAKFERT, KAJARIACER, FIVESTAR, HEG, JPPOWER, ENGINERSIN, RPOWER, SCI, CARBORUNIV, NAVA, ZENTEC, PNBHOUSING, GRSE, HBLENGINE, WOCKPHARMA, JUBLINGREA, SONACOMS, AAVAS, HOMEFIRST . removed MCX, FINCABLES, KSB, LAURUSLABS, AKUMS, INOXINDIA, BANDHANBNK, CUB, TRIVENI, STARHEALTH
2026-03-27 Diversified -10pp added ACMESOLAR, KSB, INOXINDIA, JINDALSAW, HFCL, STARHEALTH, DELHIVERY . removed ENGINERSIN, TARIL, GODREJAGRO, TECHNOE, HONASA, POONAWALLA, IFCI, PGEL, INDIACEM, CROMPTON, RAMCOCEM
2023-06-23 Diversified -11pp added HEG, SYRMA, NAVA, GPIL, ANGELONE, GRAPHITE, ALOKINDS, SARDAEN, WOCKPHARMA, GRSE, RPOWER, CRAFTSMAN, PCBL . removed MINDACORP, ABREL, CARBORUNIV, KIRLOSENG, DATAPATTNS, CHALET, LEMONTREE, DEVYANI, FSL, INDIAMART, JUBLPHARMA

Current Holdings

48 positions as of 2026-05-11 rebalance. Allocation percentages reflect equal-weighted sleeve at rebalance day; current values drift with price.

HFCL

2.0%

WELCORP

1.8%

COHANCE

1.9%

GALLANTT

1.8%

HSCL

2.0%

DATAPATTNS

1.9%

SCI

2.0%

ELECON

1.9%

PNBHOUSING

1.9%

ACUTAAS

1.3%

SYRMA

2.0%

ATHERENERG

1.7%

NETWEB

1.8%

KIRLOSENG

1.5%

FINCABLES

2.0%

BANDHANBNK

2.1%

RRKABEL

1.8%

ANGELONE

2.1%

JINDALSAW

2.1%

ENGINERSIN

2.0%

DEEPAKFERT

1.7%

ONESOURCE

1.6%

DEEPAKNTR

1.7%

VIJAYA

1.7%

JPPOWER

2.1%

OLAELEC

2.1%

GRSE

1.3%

GMDCLTD

1.8%

APTUS

2.0%

TRITURBINE

1.8%

BLUEJET

2.1%

JUBLINGREA

2.0%

BELRISE

2.0%

GRANULES

2.0%

CESC

2.1%

ACMESOLAR

2.0%

AARTIIND

1.9%

GESHIP

2.1%

OLECTRA

1.8%

HINDCOPPER

1.9%

NAVA

1.9%

ABREL

1.8%

J&KBANK

2.0%

TITAGARH

1.8%

VTL

2.0%

BEML

1.7%

INOXWIND

2.0%

ABDL

2.1%

Want live quantities, prices, and book values? View live in the platform →

Why This Strategy

Fifty stocks from the Nifty Smallcap 250 universe, equal-weighted at roughly 2 percent each, rebalanced every 2 weeks. The growth amplifier on the lineup. Pure small-cap momentum with no large-cap or mid-cap dilution.

The 5-year backtest produced a cumulative return of 462.93% against the Nifty 50's 59.62%. CAGR 41.26%. Sharpe 1.59. Best-in-cap-segment volatility profile at 23.51% (versus Microcap's 24.09% on a similar universe size).

Highest single calendar year on the lineup was 2023 at +112.7%. Small-cap regime drawdowns are real (2025 closed -8.7%) but recoveries are faster than mid-cap: the deepest drawdown was only 14.32% over 70 days, shallower than Midcap's 24.87% over 322 days. Diversification across 50 small-cap names is what keeps drawdowns shallow despite the universe's volatility.

This is the smallcap-only conviction trade. For an investor who wants the 250-ranked-and-below names (India's emerging-leader pipeline, the place where 5x-10x compounders typically start), 50 stocks rotated every 2 weeks is the cleanest expression on the lineup. Sized as 10 to 25 percent of equity is the institutional default.

CAGR 41.26% versus Nifty's 9.80%. Sharpe 1.59. Max drawdown 22.34%. Volatility 23.51%. Min 215317.

Key Takeaways

Pure small-cap momentum from Nifty Smallcap 250
50 stocks equal-weighted rebalanced fortnightly
CAGR 41.26% with Sharpe 1.59
Max drawdown 22.34% over 84 days

Frequently Asked Questions

What is the Smallcap strategy?

50 stocks. Nifty Smallcap 250 universe. Fortnightly rotation. CAGR 41.26%. Sharpe 1.59. It selects the top 50 momentum names from Nifty Smallcap 250 and rebalances every 2 weeks.

What is the minimum investment for Smallcap?

₹215317. This is enough to hold one share of every name in the current book at present prices. Higher allocations tighten the equal-weight match.

How does Smallcap compare to the Nifty 50?

Over the 5-year backtest, Smallcap produced 41.26% CAGR versus Nifty 50's 9.80%. Sharpe ratio 1.59 versus the benchmark's 0.73. Past performance does not guarantee future returns.

What is the worst drawdown Smallcap has experienced?

22.34% peak-to-trough in the 5-year backtest. The deepest period ran 70 days from 2022-01-21 to 2022-04-01. Drawdowns of similar magnitude can happen again. Position sizing should reflect this.

What are the fees on Smallcap?

0.2% on traded value per rebalance. No subscription, no AUM fee, no performance fee. With 2 weeks cadence and typical 30 to 50 percent turnover, annual platform fees on the minimum capital work out to under ₹500. See the pricing page for the full worked example.

Can I exit 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.

Last Rebalance 2026-05-11

Next Rebalance 2026-05-25

Documents

View / download factsheet (PDF) Rebalance History CSV

Last rebalance | 2026-05-11

Full history →

vs 2026-05-08 cycle · 0 added · 19 removed · 48 retained

Added (0)

No additions

Removed (19)

KAJARIACERFIVESTARHEGANANDRATHIHONASAZYDUSWELLRPOWERABSLAMCNATCOPHARMCARBORUNIVGPILZENTECGRAPHITEHBLENGINEWOCKPHARMASONACOMSAAVASSARDAENHOMEFIRST

Get notified when Smallcap rebalances

Free email alert on the morning of every rebalance with the IN / OUT names and rationale. Unsubscribe with one click.

Walk the risk band

Smallcap sits in the Moderately High bucket. Take one step in either direction:

One step safer (Moderate)

Allcap Multi Asset

CAGR 43.9% · Sharpe 1.81 · Max DD 21.3%

One step bolder (High)

Midcap Smallcap

CAGR 49.9% · Sharpe 1.63 · Max DD 26.2%

Compare Smallcap with

3 pre-built head-to-head comparisons with metrics, holdings overlap, and trade-off summary.

Midcap

CAGR 41.3% · Sharpe 1.49

Microcap

CAGR 40.2% · Sharpe 1.52

Microcap

CAGR 40.2% · Sharpe 1.52

Learn the mechanics behind Smallcap

4 modules from the RupeeCase Learn library cover the concepts inside this strategy. Free, no sign-up.

Momentum factor | the engine behind these strategies How backtesting works | reading the 5Y numbers honestly Risk metrics that matter | Sharpe, Sortino, max DD Rebalancing strategies | why cadence matters

Hear it on The Tanmay Edge

India's pre-market edge. Daily institutional positioning, options flows, and the levels that matter. Free, on every major podcast platform.

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Phase 49B Compare Smallcap side-by-side Match returns, drawdowns and overlap against any other strategy in the lineup.

Disclaimer: Past performance is not indicative of future returns. All returns shown are from backtests conducted by RupeeCase from 2021-05-07. Actual traded returns may differ. Systematic strategies are subject to market risk, and capital can be lost. Investors should conduct their own research and consult a financial advisor before investing.

Learn the mechanics