Kotak Energy Opportunities Fund
Kotak Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund remains heavily tilted toward India's energy infrastructure transition, with power generation and electrical equipment stocks representing nearly 47 percent of the portfolio. The concentrated bet on NTPC, Reliance, and transmission equipment makers signals conviction in the grid modernization and renewable energy buildout thesis. Notably, the manager trimmed Reliance while adding REC, suggesting a shift toward pure-play energy finance and infrastructure plays over integrated energy majors.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹10.5680 | +3.03% | +2.48% | +2.12% | +4.96% | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
36
Top 5 Weight
29.25%
Top 10 Weight
50.01%
Active Share
—
Large Cap
55.07%
Gini
0.358
What Changed2026-03-31 → 2026-04-30
Holdings: 38 → 38+1 added−1 removed23 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| REC LTD | 1.15% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | NTPC LTD INE733E01010 | 9.62% |
| 2 | Triparty Repo | 5.93% |
| 3 | RELIANCE INDUSTRIES LTD. INE002A01018 | 5.18% |
| 4 | BHARAT PETROLEUM CORPORATION LTD. INE029A01011 | 4.89% |
| 5 | GE VERNOVA T&D INDIA LIMITED INE200A01026 | 4.85% |
| 6 | ABB India Ltd. INE117A01022 | 4.71% |
| 7 | Power Grid Corporation of India Ltd. INE752E01010 | 4.61% |
| 8 | Siemens Ltd. INE003A01024 | 4.55% |
| 9 | GAIL (India) Ltd. INE129A01019 | 4.43% |
| 10 | Larsen and Toubro Ltd. INE018A01030 | 3.92% |
| 11 | HINDUSTAN PETROLEUM CORPORATION LTD. INE094A01015 | 3.25% |
| 12 | INDIAN OIL CORPORATION LTD. INE242A01010 | 3.09% |
| 13 | KALPATARU PROJECTS INTERNATIONAL LIMITED INE220B01022 | 2.71% |
| 14 | Petronet LNG Ltd. INE347G01014 | 2.70% |
| 15 | CESC Ltd. INE486A01021 | 2.44% |
| 16 | Tata Power Company Ltd. INE245A01021 | 2.41% |
| 17 | Linde India Ltd. INE473A01011 | 2.40% |
| 18 | Cummins India Ltd. INE298A01020 | 2.29% |
| 19 | Torrent Power Ltd INE813H01021 | 2.26% |
| 20 | Oil And Natural Gas Corporation Ltd. INE213A01029 | 2.17% |
Sector Allocation
Power26.1%
Electrical Equipment20.7%
Petroleum Products17.5%
Gas7.1%
Construction6.6%
Industrial Products4.7%
Finance2.6%
Chemicals and Petrochemicals2.4%
Oil2.2%
Consumable Fuels1.7%
Top 10 sectors by % to NAV. Excludes derivatives.