DSP Natural Resources and New Energy Fund
DSP Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund maintains a commodities-heavy tilt centered on metals and energy, betting on cyclical demand recovery and energy transition themes. A significant cash buffer via repos suggests caution, while recent shifts toward non-ferrous metals and refiners signal the manager believes base metals and downstream energy face better near-term catalysts than upstream oil. The concentrated top-10 position indicates conviction but also concentration risk in a narrow thematic space.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹112.5580 | +4.31% | +5.84% | +15.31% | +28.53% | +24.57% | +17.95% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
25
Top 5 Weight
39.07%
Top 10 Weight
60.90%
Active Share
—
Large Cap
41.76%
Gini
0.417
What Changed2026-03-31 → 2026-04-30
Holdings: 28 → 28+0 added−0 removed17 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS / Reverse Repo Investments | 11.81% |
| 2 | BlackRock Global Funds - World Energy Fund ^^ LU0368250907 | 10.17% |
| 3 | Tata Steel Limited INE081A01020 | 8.71% |
| 4 | Jindal Steel Limited INE749A01030 | 7.89% |
| 5 | Oil & Natural Gas Corporation Limited INE213A01029 | 7.55% |
| 6 | Hindustan Zinc Limited INE267A01025 | 4.75% |
| 7 | Oil India Limited INE274J01014 | 4.64% |
| 8 | Hindalco Industries Limited INE038A01020 | 4.47% |
| 9 | Bharat Petroleum Corporation Limited INE029A01011 | 4.46% |
| 10 | Indian Oil Corporation Limited INE242A01010 | 4.17% |
| 11 | Petronet LNG Limited INE347G01014 | 4.09% |
| 12 | BlackRock Global Funds - Sustainable Energy Fund ^^ LU0534476519 | 3.90% |
| 13 | National Aluminium Company Limited INE139A01034 | 3.72% |
| 14 | Coal India Limited INE522F01014 | 3.15% |
| 15 | NMDC Limited INE584A01023 | 2.85% |
| 16 | Hindustan Petroleum Corporation Limited INE094A01015 | 2.49% |
| 17 | GAIL (India) Limited INE129A01019 | 2.31% |
| 18 | Reliance Industries Limited INE002A01018 | 2.19% |
| 19 | Godawari Power and Ispat Limited INE177H01039 | 1.38% |
| 20 | Gujarat State Petronet Limited INE246F01010 | 1.33% |
Sector Allocation
Ferrous Metals16.6%
Foreign Security14.1%
Petroleum Products13.3%
Non - Ferrous Metals12.9%
Oil12.2%
Gas9.2%
Industrial Products3.3%
Consumable Fuels3.1%
Minerals & Mining2.9%
Top 10 sectors by % to NAV. Excludes derivatives.