Baroda BNP Paribas Energy Opportunities Fund
The fund remains heavily concentrated in India's energy value chain, with power generation and distribution dominating nearly 41% of the portfolio through utilities and grid infrastructure plays. The manager's recent portfolio trimming of refinery exposure while adding electrical equipment specialists like Siemens Energy signals conviction toward the renewable transition narrative rather than traditional commodity plays. The elevated cash position amid relatively concentrated holdings suggests the manager is maintaining optionality while waiting for attractive entry points in clean energy infrastructure.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹12.4071 | — | — | — | — | — | — |
| Regular Growth | ₹12.1764 | +5.24% | +4.35% | +4.36% | +9.62% | — | — |
| Direct IDCW | ₹12.4071 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Siemens Energy India Limited | 1.20% |
| KEI Industries Limited | 0.20% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Reliance Industries Limited INE002A01018 | 9.44% |
| 2 | Coal India Limited INE522F01014 | 9.12% |
| 3 | Clearing Corporation of India Ltd nan | 7.69% |
| 4 | Oil & Natural Gas Corporation Limited INE213A01029 | 6.94% |
| 5 | NTPC Limited INE733E01010 | 6.72% |
| 6 | Power Grid Corporation of India Limited INE752E01010 | 5.81% |
| 7 | Tata Power Company Limited INE245A01021 | 4.68% |
| 8 | Cummins India Limited INE298A01020 | 4.44% |
| 9 | Bharat Heavy Electricals Limited INE257A01026 | 4.33% |
| 10 | NHPC Limited INE848E01016 | 4.20% |
| 11 | Hitachi Energy India Limited INE07Y701011 | 3.77% |
| 12 | Oil India Limited INE274J01014 | 3.62% |
| 13 | NLC India Limited INE589A01014 | 2.67% |
| 14 | GE Vernova T&D India Limited INE200A01026 | 2.54% |
| 15 | ABB India Limited INE117A01022 | 2.54% |
| 16 | GAIL (India) Limited INE129A01019 | 2.52% |
| 17 | Linde India Limited INE473A01011 | 2.16% |
| 18 | Clean Max Enviro Energy Solutions Limited INE647U01026 | 1.91% |
| 19 | Larsen & Toubro Limited INE018A01030 | 1.69% |
| 20 | UltraTech Cement Limited INE481G01011 | 1.63% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.