SBI Energy Opportunities Fund
SBI Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
SBI Energy Opportunities Fund remains heavily concentrated in traditional energy infrastructure, with nearly 58 percent locked in its top ten holdings—primarily oil, gas, and power majors like Reliance, ONGC, and GAIL. The manager's conviction is evident in the tightly clustered portfolio, where gas and power sectors alone command nearly 40 percent, signaling a bullish medium-term outlook on India's energy transition and infrastructure capex cycle. The modest cash build-up suggests tactical positioning rather than retreat from the thematic thesis.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹11.3241 | — | — | — | — | — | — |
| Regular Growth | ₹11.0554 | +5.72% | +3.84% | +2.28% | +6.59% | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
36
Top 5 Weight
35.08%
Top 10 Weight
58.20%
Active Share
—
Large Cap
41.45%
Gini
0.442
What Changed2026-03-31 → 2026-04-30
Holdings: 38 → 38+0 added−0 removed22 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Reliance Industries Ltd. INE002A01018 | 8.49% |
| 2 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 8.17% |
| 3 | GAIL (India) Ltd. INE129A01019 | 6.85% |
| 4 | Gujarat State Petronet Ltd. INE246F01010 | 5.95% |
| 5 | Kalpataru Projects International Ltd. INE220B01022 | 5.62% |
| 6 | Thermax Ltd. INE152A01029 | 5.18% |
| 7 | NTPC Ltd. INE733E01010 | 5.03% |
| 8 | Torrent Power Ltd. INE813H01021 | 4.45% |
| 9 | HEG Ltd. INE545A01024 | 4.36% |
| 10 | Bharat Petroleum Corporation Ltd. INE029A01011 | 4.10% |
| 11 | Petronet LNG Ltd. INE347G01014 | 4.10% |
| 12 | JSW Energy Ltd. INE121E01018 | 2.93% |
| 13 | Indian Oil Corporation Ltd. INE242A01010 | 2.81% |
| 14 | Honeywell Automation India Ltd. INE671A01010 | 2.65% |
| 15 | CESC Ltd. INE486A01021 | 2.55% |
| 16 | Graphite India Ltd. INE371A01025 | 2.22% |
| 17 | TREPS | 2.19% |
| 18 | Power Finance Corporation Ltd. INE134E01011 | 2.14% |
| 19 | Indraprastha Gas Ltd. INE203G01027 | 2.08% |
| 20 | Gujarat Gas Ltd. INE844O01030 | 1.91% |
Sector Allocation
Gas20.9%
Power19.1%
Petroleum Products17.3%
Oil9.3%
Industrial Products8.4%
Electrical Equipment7.2%
Construction6.2%
Finance3.9%
Industrial Manufacturing2.6%
Auto Components1.5%
Top 10 sectors by % to NAV. Excludes derivatives.