--- title: "TotalMarket Hybrid | Nifty Total Market and Debt | RupeeCase" description: "50 stocks from the Nifty Total Market with 20% LiquidCase debt and no gold, rotated every 2 weeks. Own it in your demat, 0.2% of traded value per rebalance." source_url: "https://www.rupeecase.com/strategies/totalmarket-hybrid" --- Hybrid, Nifty Total Market # TotalMarket Hybrid Nifty Total Market hybrid strategy TotalMarket Hybrid is a RupeeCase index that holds 51 names from the Nifty Total Market, ranked by momentum, with 20% in debt, rebalanced every 2 weeks. Model CAGR 39.5% (back tested, as of 27 Apr 2026), minimum about ₹2,81,000 (as of 8 Aug 2026), moderate risk band. 50 stocks, 20% debt, no gold. Fortnightly rotation. **Moderate** risk band [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=totalmarket-hybrid) [Compare TotalMarket Hybrid](/strategies/compare/allcap-multi-asset-vs-totalmarket-hybrid) Runs in your own 5paisa, Zebu or Arrow demat. The shares stay in your name. 01At a glance ## TotalMarket Hybrid in four numbers. CAGR**39.53%**Model, back tested Max drawdown**−21.82%**Model, back tested Minimum investment**₹2.81L**About ₹2,81,000 Fee per rebalance**0.2%**Of traded value, nothing else TotalMarket Hybrid, model**₹581**Nifty 50 TRI, 9.80% CAGR line**₹162** 150 200 300 500 ₹100 in May 2021 became ₹581 by Jul 2026 (Nifty 50 TRI line ₹162). Model, back tested. As of 27 Apr 2026. After charges, log scale. 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 TotalMarket Hybrid](https://invest.rupeecase.com/signup?strategy=totalmarket-hybrid) ### Invest, screen by screen Watch the walkthrough, 0:46 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 ## TotalMarket Hybrid factsheet Model, back tested, after charges; each block names its date. Print [PDF factsheet](https://www.rupeecase.com/strategies/factsheets/totalmarket-hybrid) Performance Holdings and sectors Rebalances Risk metrics Methodology Costs Documents ### Performance6 years, 61 months ### Performance #### Calendar year returns * 2021from May**+32.9%** * 2022**+25.0%** * 2023**+87.8%** * 2024**+71.8%** * 2025**−3.8%** * 2026to May**+16.2%** Model, back tested, after charges, 2021 to May 2026. #### What an amount would have become One time Every month Amount, ₹ You put in₹2,81,000 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**−21.2%** Back to the peak Model value, log scaleBelow the last peak Month on the record Deepest falls, daily record **−21.8%**Dec 2024, 406 days to recover **−15.4%**Jan 2022, 196 days to recover **−10.8%**Feb 2024, 49 days to recover **−10.5%**Aug 2021, 49 days to recover Exact dates of the deepest falls 1. **−21.82%**20 Dec 2024 to 30 Jan 2026*406 days* 2. **−15.39%**21 Jan 2022 to 5 Aug 2022*196 days* 3. **−10.80%**9 Feb 2024 to 29 Mar 2024*49 days* 4. **−10.48%**6 Aug 2021 to 24 Sep 2021*49 days* 5. **−10.20%**6 Jan 2023 to 21 Apr 2023*105 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 | 3.2 | 9.2 | 7.4 | −5.6 | 4.1 | −0.3 | 1.1 | 10.8 | +32.9% | | 2022 | 1.7 | −10.2 | 3.8 | 6.2 | −7.4 | 0.4 | 9.9 | 4.4 | −0.2 | 3.6 | 5.8 | 6.4 | +25.0% | | 2023 | −5.9 | −3.7 | 3.4 | 8.1 | 4.1 | 9.3 | 12.2 | 8.4 | 6.0 | 2.8 | 12.7 | 9.1 | +87.8% | | 2024 | 11.4 | 0.2 | −2.8 | 11.1 | 8.0 | 9.3 | 3.4 | 3.8 | 5.5 | −5.2 | 8.8 | 3.4 | +71.8% | | 2025 | −11.6 | −10.9 | 9.0 | 0.9 | 9.3 | 1.4 | −4.7 | 2.3 | −0.2 | 4.0 | −0.1 | −0.8 | −3.8% | | 2026 | −2.2 | 6.7 | −7.9 | 17.7 | 2.7 | no data | no data | no data | no data | no data | no data | no data | +16.2% | Model, back tested, after charges; one calendar month per cell, in percent. #### Rolling returns ##### Any 1 year, return Worst−3.7% Median+25.7% Best+131.9% Positive96%of 51 windows ##### Any 3 years, CAGR Worst+40.8% Median+52.2% Best+62.9% Positive100%of 27 windows Model, back tested, month end values, May 2021 to Jul 2026. ### Holdings and sectors48 holdings, 9 sectors ### Holdings and sectors #### 48 holdings * Equity**75%** * Debt**20%** * LIQUIDCASE**20.0%***Debt* * 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%** Live quantities and prices are in the app. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=totalmarket-hybrid) Weights on the rebalance day, 11 May 2026; they drift with prices until the next rebalance. Model portfolio, not a recommendation. #### Sector allocation * 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%** 9 sectors in the equity sleeve. Same 50-stock equity universe as Allcap and Allcap Multi Asset, with 20% debt sleeve instead of 10% debt + 10% gold. #### Sector weight by year 170 rebalances, 13 sectors touched, 11 held now. Show the year by year sector table | Sector | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Now | | --- | --- | --- | --- | --- | --- | --- | --- | | Other, not yet mapped | 70 | 69 | 71 | 68 | 68 | 25 | 20 | | Capital Goods | 4 | 5 | 4 | 6 | 5 | 9 | 17 | | Power & Utilities | 8 | 8 | 5 | 5 | 3 | 6 | 17 | | IT & Technology | 3 | 2 | 2 | 2 | 4 | 7 | 11 | | Chemicals | 1 | 1 | 0 | 2 | 2 | 5 | 11 | | FMCG & Consumer | 2 | 2 | 2 | 4 | 2 | 5 | 7 | | Metals & Mining | 5 | 5 | 6 | 5 | 5 | 14 | 4 | | Banking & Financial | 3 | 3 | 6 | 4 | 5 | 11 | 4 | | Auto & Components | 1 | 1 | 1 | 1 | 2 | 10 | 4 | | Energy & Oil & Gas | 0 | 2 | 1 | 1 | 1 | 4 | 2 | | Realty & Construction | 0 | 0 | 0 | 0 | 0 | 0 | 2 | | Pharma & Healthcare | 1 | 0 | 2 | 3 | 3 | 4 | out | | Textiles | 0 | 0 | 0 | 0 | 0 | 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. ### Rebalances170 published, latest 8 May 2026 ### Rebalances #### The rebalance record published rebalances170 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 1 May 2026: **23 in**, **24 out**, 24 held, 47 on the list. ##### In * BHEL * COHANCE * HCC * KIRLPNU * BALAMINES * JAIBALAJI * HSCL * DATAPATTNS * SCI * SKYGOLD * SKIPPER * ELECON * BSE * PTC * PNBHOUSING * SYRMA * SUZLON * NETWEB * DIACABS * FINCABLES * BANDHANBNK * GOKULAGRO * ASHAPURMIN ##### Out * OLAELEC * EIEL * ANGELONE * PFOCUS * NATIONALUM * AVANTIFEED * ABDL * KSB * INOXINDIA * DEEPAKFERT * HINDCOPPER * KAJARIACER * THANGAMAYL * ACMESOLAR * OSWALPUMPS * SANSERA * FIVESTAR * MCX * AWFIS * IMFA * HEG * JINDALSAW * VEDL * BELRISE The 24 held names are in Holdings. Model, back tested record. In plus held is the list size, which can differ from the 51 stock target. Not recommendations. #### Recent rebalances | Date | On the list | In | Out | | --- | --- | --- | --- | | 8 May 2026 | 47 | +23 | −24 | | 1 May 2026 | 48 | 0 | 0 | | 24 Apr 2026 | 48 | +21 | −21 | | 17 Apr 2026 | 48 | 0 | 0 | | 10 Apr 2026 | 48 | +19 | −15 | | 3 Apr 2026 | 44 | 0 | 0 | [Every rebalance with its names](/rebalance/totalmarket-hybrid/)[Rebalance history, CSV](/data/rebalances/totalmarket-hybrid.csv) #### Sector shifts of 10 points or more 6 such shifts in 170 rebalances. Show the latest six rebalances, what moved 1. 8 May 2026Other, not yet mapped **+20 pts**, Metals & Mining **−11 pts** 2. 24 Apr 2026Capital Goods **+15 pts** 3. 10 Apr 2026Power & Utilities **+10 pts** 4. 27 Mar 2026Other, not yet mapped **−13 pts** 5. 13 Mar 2026Other, not yet mapped **−16 pts** 6. 13 Feb 2026Other, not yet mapped **−11 pts** Equity sleeve, between two consecutive lists. ### Risk metricsSharpe 1.77, volatility 21.55% ### Risk metrics #### TotalMarket Hybrid against the Nifty 50 | Metric | TotalMarket Hybrid | Nifty 50 | | --- | --- | --- | | Sharpe ratio | 1.77 | 0.73 | | Sortino ratio | 1.69 | 0.70 | | Calmar ratio | 1.97 | 0.58 | | Volatility, a year | 21.55% | 14.04% | | Max drawdown | −21.82% | −16.92% | | Best week | +8.10% | +6.36% | | Worst week | −10.54% | −6.33% | | Weeks up | 62.84% | 57.47% | | Average up week | +2.51% | +1.49% | | Average down week | −2.27% | −1.57% | Model, back tested, after charges. Weekly, rolling 5 years to 27 Apr 2026; Nifty 50 over the same window. #### Risk band **Moderate**, Low to Very High Deepest model fall−21.82% Time horizon5 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. ##### Walk the risk band Already at the conservative end of the lineup. [One step bolder (Moderately High)Dynamic Asset AllocatorCAGR 45.2%, Sharpe 2.32, max drawdown −10.6%](/strategies/dynamic-asset-allocator) 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 Nifty Total Market, filtered to stocks priced under ₹5,000. The equity sleeve sits inside a multi asset frame with debt. 2. 2**Rank**Score every stock by a risk adjusted momentum composite over several look backs. 3. 3**Select**Hold the top 51 equity names plus the fixed debt sleeve. Equity is equal weighted within its sleeve; the sleeve weights are fixed. 4. 4**Rebalance**Every 2 weeks the model reruns: names out of the top 51 are sold, new entrants bought, and the full list is published. #### Configuration UniverseNifty Total Market (max 5000) SleevesEquity 80, debt 20 Holdings51 RebalanceEvery 2 weeks, 26 a year Max stock price₹5,000 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 a balanced equity tilt with a built-in volatility cushion #### Why TotalMarket Hybrid An operations floor, RupeeCase on sample data * Broad-market momentum with a debt-only defensive overlay * 20% LiquidCase cushion without gold complexity * Same 50-stock engine as the multi-asset twin, one fewer moving part * For investors who want equity plus debt and nothing else Read 4 more paragraphs, 141 words 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 equity engine is identical to the multi-asset twin. What changes is the character of the cushion: all of it earns like debt, none of it hedges like gold. This is not the multi-asset card. It is the simpler sibling. Same equity engine, same cost structure, but the gold inflation hedge is gone, and with it goes one moving part. For an investor who explicitly does not want gold exposure, a simpler profile with no commodity holding and one fewer position to track, this is the card to pick. For an investor who does want the hedge, Allcap Multi Asset is the better trade. 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 * [Modern portfolio theory](/learn/path-4/module-4-1-modern-portfolio-theory) * [Risk management](/learn/path-4/module-4-5-risk-management) * [Combining factors](/learn/path-3/module-3-6-combining-factors-multi-factor-construction) * [Momentum factor](/learn/path-3/module-3-1-momentum-factor-deep-dive) 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₹2,81,000 Rebalances, year to 8 May 202653 Traded, about16.7 timesthe portfolio Platform fee a year, about₹9,3903.3% 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+586.00%before costs Estimated costs−86.95 ptsbrokerage, STT and taxes Net return+499.05%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/totalmarket-hybrid) * [Rebalance history, CSV170 rebalances, 14 May 2021 to 8 May 2026.](/data/rebalances/totalmarket-hybrid.csv) * [Rebalance history page](/rebalance/totalmarket-hybrid/) * [Plain text (Markdown)](/strategies/totalmarket-hybrid.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 Allcap, model history after charges. Model, back tested. Not a promise of future returns.Investing: Practice first, then Live 5 chapters, 0:46, no sound 1. [Chapter 1The Invest bar0:08](/instiv2/media/wt3/invest-practice-live-bar-phone-dark-v3.mp4) 2. [Chapter 2Amount and Use minimum0:13](/instiv2/media/wt3/invest-practice-live-amount-phone-dark-v3.mp4) 3. [Chapter 3Practice0:06](/instiv2/media/wt3/invest-practice-live-practice-phone-dark-v3.mp4) 4. [Chapter 4Live0:14](/instiv2/media/wt3/invest-practice-live-live-phone-dark-v3.mp4) 5. [Chapter 5Your portfolio0:05](/instiv2/media/wt3/invest-practice-live-status-phone-dark-v3.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. 04Questions ## Before you commit capital. ### What is the TotalMarket Hybrid strategy? 50 stocks, 20% debt, no gold. Fortnightly rotation. It selects the top 51 momentum names from Nifty Total Market (max 5000) and rebalances every 2 weeks. ### What is the minimum investment for TotalMarket Hybrid? About ₹2,81,000 (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 TotalMarket Hybrid compare to the Nifty 50? TotalMarket Hybrid shows a model CAGR of 39.53% against 9.80% for the Nifty 50 TRI CAGR line (Jan 2021 to Jul 2026), with a Sharpe ratio of 1.77. Model, back tested. As of 27 Apr 2026. Past performance does not guarantee future returns. ### What is the worst drawdown TotalMarket Hybrid has experienced? 21.82% peak to trough in the model record. The deepest period ran 406 days, from 20 Dec 2024 to 30 Jan 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 TotalMarket Hybrid? 0.2% of traded value per rebalance. No subscription, no AUM fee, no performance fee. About 3.3% of capital a year at 0.2% of traded value, from the published rebalance record: 53 rebalances in the year to 8 May 2026, about 16.7 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 ₹2,81,000 that is about ₹9,390 a year, an estimate from the model record, not a promise. ### 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. 05Same family ## All market: Nifty Total Market. [All 18 strategies](/strategies/#sxPick) [Moderately HighMomentum Allcap Nifty Total Market, 50 stocks, every 2 weeks CAGR, model44.70%Max DD−22.7%From₹2.25L](/strategies/allcap) [ModerateMulti asset Allcap Multi Asset Nifty Total Market, 52 stocks, every 2 weeks CAGR, model40.47%Max DD−21.3%From₹2.81L](/strategies/allcap-multi-asset) [Moderately HighDynamic multi asset Dynamic Asset Allocator Nifty Total Market plus debt and gold, 52 stocks, every 3 weeks CAGR, model45.18%Max DD−10.6%From₹4.76L](/strategies/dynamic-asset-allocator) CAGR and Max DD on the cards: Model, back tested. As of 27 Apr 2026. ### Compare TotalMarket Hybrid with * [vsAllcap Multi Asset](/strategies/compare/allcap-multi-asset-vs-totalmarket-hybrid) * [vsLarge Mid Hybrid](/strategies/compare/totalmarket-hybrid-vs-large-mid-hybrid) Explore next ## Go deeper on this strategy. * [Free module 6.7Bonds and Fixed Income in India8 min read](/learn/path-6/module-6-7-bonds-fixed-income-india) * [TierMulti asset core tier strategies5 strategies grouped by job](/strategies/by-tier/multi-asset) * [Blog noteTotalMarket Hybrid: the gold free twinStrategy notes, a short note](/blog/2026-07-13-evening-gold-free-twin/) * [SectorCapital Goods stocksNSE sector across the 18 index algos](/sectors/capital-goods) * [StockADANIENSOL, Adani Energy SolutionsOn 12 of 18 latest lists](/stocks/ADANIENSOL) * [Free module 4.3Rebalancing Strategies9 min read](/learn/path-4/module-4-3-rebalancing-strategies) Ready when you are ## TotalMarket Hybrid 39.53% CAGR, model, back tested. About ₹2.81L to start. Every 2 weeks, you approve each one. [Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=totalmarket-hybrid) [Compare TotalMarket Hybrid](/strategies/compare/allcap-multi-asset-vs-totalmarket-hybrid) 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.