ICICI Prudential Energy Opportunities Fund
The fund remains deeply concentrated in traditional energy infrastructure—oil, gas, and power generation represent nearly half the portfolio—signaling conviction that India's energy transition will be led by incumbent incumbents rather than renewables. Recent portfolio tweaks show the manager rotating into electrical equipment plays like Havells and Crompton, suggesting a subtle pivot toward downstream energy solutions and grid modernization while maintaining core bets on majors like Reliance and NTPC. The elevated cash position and selective exits from renewable-focused names like JSW Energy indicate tactical caution despite the thematic appeal of energy sector tailwinds.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹11.7600 | — | — | — | — |
| Regular Growth | ₹11.5100 | +4.07% | +14.87% | — | — |
| Direct IDCW | ₹11.7600 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Honeywell Automation India Ltd. | 0.46% |
| Havells India Ltd. | 0.42% |
| G R Infraprojects Ltd. | 0.09% |
| Crompton Greaves Consumer Electricals Ltd. | 0.05% |
| NTPC Ltd. $$ | -0.01% |
| Oil & Natural Gas Corporation Ltd. $$ | -0.01% |
| Coal India Ltd. $$ | -0.01% |
| HDFC Bank Ltd. $$ | -0.01% |
| Reliance Industries Ltd. $$ | -0.02% |
| 91 Days Treasury Bills | 0.02% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Reliance Industries Ltd. INE002A01018 | 9.30% |
| 2 | NTPC Ltd. INE733E01010 | 7.65% |
| 3 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 7.14% |
| 4 | Coal India Ltd. INE522F01014 | 4.77% |
| 5 | TREPS | 4.21% |
| 6 | Oil India Ltd. INE274J01014 | 3.87% |
| 7 | Indian Oil Corporation Ltd. INE242A01010 | 2.54% |
| 8 | Triveni Turbine Ltd. INE152M01016 | 2.50% |
| 9 | Kalpataru Projects International Ltd INE220B01022 | 2.39% |
| 10 | Bharat Heavy Electricals Ltd. INE257A01026 | 2.13% |
| 11 | Gujarat State Petronet Ltd. INE246F01010 | 2.12% |
| 12 | Bharat Petroleum Corporation Ltd. INE029A01011 | 2.09% |
| 13 | Emmvee Photovoltaic Power Ltd. INE1C6T01020 | 1.98% |
| 14 | Tata Power Company Ltd. INE245A01021 | 1.92% |
| 15 | SIEMENS ENERGY INDIA LTD INE1NPP01017 | 1.90% |
| 16 | TD Power Systems Ltd. INE419M01027 | 1.86% |
| 17 | Suzlon Energy Ltd. INE040H01021 | 1.86% |
| 18 | HDFC Bank Ltd. INE040A01034 | 1.81% |
| 19 | Power Mech Projects Ltd INE211R01019 | 1.77% |
| 20 | NHPC Ltd. INE848E01016 | 1.56% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Energy Opportunities Fund hold?
ICICI Prudential Energy Opportunities Fund holds 68 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 32.72% of NAV.
What is the largest holding in ICICI Prudential Energy Opportunities Fund?
The largest position in ICICI Prudential Energy Opportunities Fund is Reliance Industries Ltd., accounting for 9.30% of NAV in the Petroleum Products sector.
Is ICICI Prudential Energy Opportunities Fund a concentrated or diversified fund?
With a Gini coefficient of 0.502, ICICI Prudential Energy Opportunities Fund is moderately concentrated. The HHI concentration index is 32,440 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 32.72% of the portfolio.
What is the market cap allocation of ICICI Prudential Energy Opportunities Fund?
Based on SEBI's AMFI classification, ICICI Prudential Energy Opportunities Fund's equity portfolio is split as: Large Cap: 44.85%, Mid Cap: 14.67%, Small Cap: 32.93%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Energy Opportunities Fund invest in most?
ICICI Prudential Energy Opportunities Fund has the highest allocation to Electrical Equipment (20.79%), Power (16.92%), Petroleum Products (15.77%). The fund is invested across 17 sectors in total.
How actively managed is ICICI Prudential Energy Opportunities Fund compared to other Sectoral / Thematic funds?
ICICI Prudential Energy Opportunities Fund has an Active Share of 85.03%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in ICICI Prudential Energy Opportunities Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Energy Opportunities Fund added 10 new stocks (including Honeywell Automation India Ltd.) and exited 6 stocks (including JSW Energy Ltd). Total holding count increased from 72 to 76 stocks.