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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹11.6700 | — | — | — | — | — | — |
| Regular Growth | ₹11.4200 | +6.23% | +7.23% | +7.23% | +15.82% | — | — |
| Direct IDCW | ₹11.6700 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
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.