EQUITY

TotalMarket Hybrid

50 stocks. 20% debt. No gold. Fortnightly rotation. CAGR 43.03%. Sharpe 1.77.

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

Start with TotalMarket Hybrid → View factsheet Rebalance history

0.2% on traded value · No AUM fee · No lock-in · Minimum ₹291503 · Capital stays in your own broker

CAGR

43.03%

Sharpe Ratio

1.77

Max Drawdown

-21.82%

Min Capital

₹291503

How It Works

Step 1 | Universe Start from Nifty Total Market (max 5000) filtered to stocks priced under ₹5000. Equity sleeve sits inside a multi-asset frame with debt and gold.
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 48 equity holdings plus the configured debt and gold sleeves. Equity is equal-weighted within the sleeve; the multi-asset weights are fixed.
Step 4 | Rebalance Every 2 weeks the model re-runs end-to-end. Names that fall out of the top 48 are sold; new entrants are bought. You see the full holdings list at every rebalance.

Who This Is For

Suitable for

investors who want a balanced equity tilt with a built-in volatility cushion

Suggested allocation

core equity allocation, 30 to 60 percent of total equity bucket

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

₹291503 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 Total Market (max 5000)

Holdings

48 stocks

Rebalance

2 weeks

Risk Level

Moderate

Benchmark

Nifty 50

Max Stock Price

₹5000

Live NAV | Backtested 2021 onwards

TotalMarket Hybrid 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	TotalMarket Hybrid	Nifty 50
CAGR	43.03%	9.80%
Cumulative Return	499.05%	59.62%
Sharpe Ratio	1.77	0.73
Max Drawdown	-21.82%	-16.92%
Volatility	21.55%	14.04%

Cost Decomposition

Gross Return

586.00%

Total Cost

86.95%

Net Return

499.05%

What this would have returned

Your amount run through TotalMarket Hybrid'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)
2024-12-20	2026-01-30	-21.82%	406
2022-01-21	2022-08-05	-15.39%	196
2024-02-09	2024-03-29	-10.80%	49
2021-08-06	2021-09-24	-10.48%	49
2023-01-06	2023-04-21	-10.20%	105

Yearly Returns

2021

+32.9%

2022

+25.0%

2023

+87.8%

2024

+71.8%

2025

-3.8%

2026

+16.2%

Asset class allocation

Equity 80.0% 47 momentum-ranked stocks, rebalanced 2 weeks

Debt 20.0% LiquidCase | overnight liquid debt ETF | par-value drawdown buffer

Sleeve weights are computed from current holdings. Equity rebalances every cycle; debt and gold sleeves rebalance on the same schedule to maintain target weights.

Sector allocation

9 sectors represented in the equity sleeve. Largest concentration: Capital Goods at 25.5%. Equal-weighted at the stock level, so sector weights drift with which momentum names rank highest.

Capital Goods 25.5%

Power & Utilities 14.9%

Metals & Mining 14.9%

Chemicals 12.8%

Auto & Components 10.6%

IT & Technology 6.4%

Banking & Financial 6.4%

FMCG & Consumer 6.4%

Realty & Construction 2.1%

Sector rotation

170 rebalances . 13 sectors touched . 11 live today.

Darker cell . higher weight . blank . sector not held

Diversified

21%

Capital Goods

17%

Power & Utilities

17%

Chemicals

11%

IT & Technology

11%

FMCG & Consumer

Auto & Components

Banking & Financial

Metals & Mining

Energy & Oil & Gas

Realty & Construction

Pharma & Healthcare

out

Textiles

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 . 2026-05-01 to 2026-05-08

Energy & Oil & Gas new 2%Diversified +19ppIT & Technology +4ppPower & Utilities +2pp

tickers added: BHEL COHANCE HCC KIRLPNU BALAMINES JAIBALAJI HSCL DATAPATTNS SCI SKYGOLD SKIPPER ELECON BSE PTC PNBHOUSING SYRMA SUZLON NETWEB DIACABS FINCABLES BANDHANBNK GOKULAGRO ASHAPURMIN

Out

Auto & Components -6ppChemicals -2ppCapital Goods -8ppMetals & Mining -10ppBanking & Financial -2pp

tickers removed: OLAELEC EIEL ANGELONE PFOCUS NATIONALUM AVANTIFEED ABDL KSB INOXINDIA DEEPAKFERT HINDCOPPER KAJARIACER THANGAMAYL ACMESOLAR OSWALPUMPS SANSERA FIVESTAR MCX AWFIS IMFA HEG JINDALSAW VEDL BELRISE

Rotation events . shifts 10pp or more

2026-05-08 Diversified +19pp, Metals & Mining -10pp added BHEL, COHANCE, HCC, KIRLPNU, BALAMINES, JAIBALAJI, HSCL, DATAPATTNS, SCI, SKYGOLD, SKIPPER, ELECON, BSE, PTC, PNBHOUSING, SYRMA, SUZLON, NETWEB, DIACABS, FINCABLES, BANDHANBNK, GOKULAGRO, ASHAPURMIN . removed OLAELEC, EIEL, ANGELONE, PFOCUS, NATIONALUM, AVANTIFEED, ABDL, KSB, INOXINDIA, DEEPAKFERT, HINDCOPPER, KAJARIACER, THANGAMAYL, ACMESOLAR, OSWALPUMPS, SANSERA, FIVESTAR, MCX, AWFIS, IMFA, HEG, JINDALSAW, VEDL, BELRISE
2026-04-24 Capital Goods +15pp added OLAELEC, GALLANTT, LLOYDSENT, EIEL, WELCORP, ANGELONE, HFCL, ADANIGREEN, APOLLO, LLOYDSENGG, ABDL, AZAD, ADANIENSOL, INOXINDIA, DEEPAKFERT, KAJARIACER, OSWALPUMPS, FIVESTAR, AWFIS, HEG, JINDALSAW . removed MTARTECH, PREMIERENE, ZYDUSWELL, AETHER, GESHIP, GOKULAGRO, KTKBANK, NATCOPHARM, TMB, BHARATFORG, ABSLAMC, LUMAXTECH, GPIL, GRANULES, STAR, SHRIRAMFIN, GAEL, VTL, WAAREEENER, CCL, AUROPHARMA
2026-04-10 Power & Utilities +10pp added PFOCUS, WEBELSOLAR, CUPID, PREMIERENE, ZYDUSWELL, LLOYDSME, GOKULAGRO, ACMESOLAR, ADANIPOWER, KSB, TMB, GPIL, GRANULES, STAR, GAEL, JAYNECOIND, WAAREEENER, THERMAX, QPOWER . removed DATAPATTNS, CHENNPETRO, JBCHEPHARM, SAILIFE, ASHOKLEY, TORNTPHARM, MRPL, TEJASNET, CUMMINSIND, LUPIN, COALINDIA, HINDALCO, NTPC, KARURVYSYA, J&KBANK
2026-03-27 Diversified -13pp added ACUTAAS, AETHER, KTKBANK, ABSLAMC, SAILIFE, AUROPHARMA, COALINDIA, NTPC, LUMAXTECH, CCL . removed SHARDACROP, BANDHANBNK, SBIN, UNIONBANK, ONESOURCE, JAMNAAUTO, FEDERALBNK, INDIANB, FINCABLES, BANKINDIA, GAEL, JINDALSTEL
2026-03-13 Diversified -16pp added TEJASNET, NATCOPHARM, J&KBANK, TORNTPHARM, BELRISE, JBCHEPHARM, ONESOURCE, FEDERALBNK, HINDALCO, LUPIN, FINCABLES, CHENNPETRO, GAEL, IMFA . removed EASEMYTRIP, ENGINERSIN, LUMAXTECH, TARIL, ELGIEQUIP, INGERRAND, KIMS, SCI, MOTHERSON, CIEINDIA, TATASTEEL, YATHARTH, AARTIIND
2026-02-13 Diversified -10pp added STLTECH, SHARDACROP, AVANTIFEED, GVT&D, MRPL, TDPOWERSYS, SYRMA, AARTIIND, GESHIP, ARVIND, JINDALSTEL, WAAREEENER, GOKEX, PTC, SAIL, BHARATFORG, JAMNAAUTO . removed SOUTHBANK, GAEL, AUBANK, LTF, ABCAPITAL, CANBK, NETWEB, INDIACEM, INDIANB, IIFL, LAURUSLABS, CSBBANK, EQUITASBNK, SANDUMA, GMDCLTD, MAHABANK, BANKBARODA

Current Holdings

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

OLAELEC

1.6%

STLTECH

1.6%

GALLANTT

1.6%

QPOWER

1.6%

LLOYDSENT

1.6%

CUPID

1.6%

EIEL

1.6%

WELCORP

1.6%

KRN

1.6%

ADANIPOWER

1.6%

WEBELSOLAR

1.6%

ANGELONE

1.6%

HFCL

1.6%

LLOYDSME

1.6%

ADANIGREEN

1.6%

APOLLO

1.6%

PFOCUS

1.6%

NATIONALUM

1.6%

AVANTIFEED

1.6%

JAYNECOIND

1.6%

LLOYDSENGG

1.6%

ABDL

1.6%

THERMAX

1.6%

AZAD

1.6%

TDPOWERSYS

1.6%

ADANIENSOL

1.6%

KSB

1.6%

ATHERENERG

1.6%

INOXINDIA

1.6%

DEEPAKFERT

1.6%

HINDCOPPER

1.6%

KAJARIACER

1.6%

THANGAMAYL

1.6%

ACUTAAS

1.6%

ACMESOLAR

1.6%

KIRLOSENG

1.6%

OSWALPUMPS

1.6%

SANSERA

1.6%

FIVESTAR

1.6%

MCX

1.6%

GVT&D

1.6%

AWFIS

1.6%

IMFA

1.6%

HEG

1.6%

JINDALSAW

1.6%

VEDL

1.6%

BELRISE

1.6%

LIQUIDCASE

Debt

20.0%

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

Why This Strategy

The gold-free version of Allcap Multi Asset. Same 50-stock equity sleeve and same Nifty Total Market universe under 5000, but the 10% gold sleeve is folded into debt for a 20% LiquidCase cushion. Rebalance every 2 weeks.

The 5-year backtest produced a cumulative return of 499.05% against the Nifty 50's 59.62%. CAGR 43.03%. Sharpe 1.77. Max drawdown 21.82%.

This is not the multi-asset card. It is the gold-free version. Same equity engine, same cost structure, but the gold inflation hedge is gone. The trade-off: 0.88 percentage points lower CAGR than the multi-asset twin (43.03 vs 43.91), 0.04 lower Sharpe (1.77 vs 1.81), and 0.50 percentage points deeper max drawdown (21.82 vs 21.32).

For an investor who explicitly does not want gold exposure, cleaner regulatory profile, one fewer holding to track, this is the simpler card. For an investor who does, Allcap Multi Asset is the better trade.

CAGR 43.03% versus Nifty's 9.80%. Sharpe 1.77 versus 0.73. Max drawdown 21.82%. Min 291503.

Key Takeaways

Broad-market momentum with debt-only defensive overlay
CAGR 43.03% with Sharpe 1.77
20% debt cushion without gold complexity
Max drawdown 21.82%

Frequently Asked Questions

What is the TotalMarket Hybrid strategy?

50 stocks. 20% debt. No gold. Fortnightly rotation. CAGR 43.03%. Sharpe 1.77. It selects the top 48 momentum names from Nifty Total Market (max 5000) and rebalances every 2 weeks.

What is the minimum investment for TotalMarket Hybrid?

₹291503. 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 TotalMarket Hybrid compare to the Nifty 50?

Over the 5-year backtest, TotalMarket Hybrid produced 43.03% CAGR versus Nifty 50's 9.80%. Sharpe ratio 1.77 versus the benchmark's 0.73. Past performance does not guarantee future returns.

What is the worst drawdown TotalMarket Hybrid has experienced?

21.82% peak-to-trough in the 5-year backtest. The deepest period ran 406 days from 2024-12-20 to 2026-01-30. Drawdowns of similar magnitude can happen again. Position sizing should reflect this.

What are the fees on TotalMarket Hybrid?

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 TotalMarket Hybrid 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 | 2026-05-08

Full history →

vs 2026-05-01 cycle · 23 added · 24 removed · 24 retained

Added (23)

BHELCOHANCEHCCKIRLPNUBALAMINESJAIBALAJIHSCLDATAPATTNSSCISKYGOLDSKIPPERELECONBSEPTCPNBHOUSINGSYRMASUZLONNETWEBDIACABSFINCABLESBANDHANBNKGOKULAGROASHAPURMIN

Removed (24)

OLAELECEIELANGELONEPFOCUSNATIONALUMAVANTIFEEDABDLKSBINOXINDIADEEPAKFERTHINDCOPPERKAJARIACERTHANGAMAYLACMESOLAROSWALPUMPSSANSERAFIVESTARMCXAWFISIMFAHEGJINDALSAWVEDLBELRISE

Get notified when TotalMarket Hybrid 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

TotalMarket Hybrid sits in the Moderate bucket. Take one step in either direction:

Already at the conservative end of the lineup.

One step bolder (Moderately High)

Allcap

CAGR 48.5% · Sharpe 1.78 · Max DD 22.7%

Compare TotalMarket Hybrid with

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

Allcap Multi Asset

CAGR 43.9% · Sharpe 1.81

Large Mid Hybrid

CAGR 35.4% · Sharpe 1.67

Learn the mechanics behind TotalMarket Hybrid

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

Modern portfolio theory | why multi-asset cushions help Risk management | how the debt and gold sleeves work Combining factors | the multi-asset construction recipe Momentum factor | the engine behind these strategies

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Phase 49B Compare TotalMarket Hybrid 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