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Sectoral / Thematic · DSP Mutual Fund · AMFI code 108202DSP Natural Resources & New Energy Fund
Disclosed for 164 months, Jan 2013 to Sep 2026.
DSP Natural Resources & New Energy Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In May 2025 it disclosed 23 stocks worth ₹1,292 Cr, up ₹64.6 Cr from Apr 2025. Its largest positions were Jindal Steel & Power Limited (8.0%), Oil & Natural Gas Corporation Limited (7.3%), Hindalco Industries Limited (7.0%); the ten largest together made up 64.3% of the portfolio, and Petroleum Products was the biggest sector at 20.6% of its equity. Cash and debt stood at 4.2%. Compared with Apr 2025 the fund entered 1 new stock and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
89%
Top-10 weight is higher than 89% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
62%
Holds more cash than 62% of peers
What these mean: concentration · cash
Holdings in May 2025
Download CSVEvery line the fund disclosed, with the change against Apr 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Jindal Steel & Power Limited | 8.02% | down 0.45 pts | ₹104 Cr | down ₹35 L | Held |
| Oil & Natural Gas Corporation Limited | 7.26% | down 0.03 pts | ₹93.8 Cr | up ₹4.4 Cr | Added |
| Hindalco Industries Limited | 7.03% | down 1.62 pts | ₹90.8 Cr | down ₹15.3 Cr | Trimmed |
| Coal India Limited | 6.91% | down 0.14 pts | ₹89.2 Cr | up ₹2.7 Cr | Added |
| Tata Steel Limited | 6.78% | up 0.57 pts | ₹87.5 Cr | up ₹11.4 Cr | Added |
| Bharat Petroleum Corporation Limited | 6.33% | down 0.16 pts | ₹81.7 Cr | up ₹2.1 Cr | Added |
| Hindustan Petroleum Corporation Limited | 5.87% | up 0.13 pts | ₹75.8 Cr | up ₹5.4 Cr | Added |
| BlackRock Global Funds - Sustainable Energy Fund Fund units | 5.56% | up 0.33 pts | ₹71.8 Cr | up ₹7.7 Cr | Added |
| NMDC Limited | 5.33% | down 0.27 pts | ₹68.8 Cr | up ₹13 L | Held |
| BlackRock Global Funds - World Energy Fund Fund units | 5.22% | down 0.10 pts | ₹67.5 Cr | up ₹2.2 Cr | Added |
| GAIL (India) Limited | 4.42% | down 0.22 pts | ₹57.1 Cr | up ₹21 L | Held |
| Cash, TREPS & receivables | 4.23% | up 0.76 pts | ₹54.6 Cr | up ₹12 Cr | Added |
| Oil India Limited | 4.08% | down 0.05 pts | ₹52.6 Cr | up ₹2 Cr | Added |
| Reliance Industries Limited | 3.94% | down 0.16 pts | ₹50.9 Cr | up ₹57 L | Added |
| Petronet LNG Limited | 2.99% | down 0.22 pts | ₹38.7 Cr | down ₹81 L | Trimmed |
| Gujarat State Petronet Limited | 2.78% | down 0.11 pts | ₹35.9 Cr | up ₹41 L | Added |
| National Aluminium Company Limited | 2.75% | up 0.24 pts | ₹35.6 Cr | up ₹4.7 Cr | Added |
| Hindustan Zinc Limited | 1.94% | down 0.02 pts | ₹25.1 Cr | up ₹1 Cr | Added |
| Welspun Corp Limited | 1.91% | up 0.26 pts | ₹24.7 Cr | up ₹4.4 Cr | Added |
| Godawari Power And Ispat limited | 1.59% | down 0.01 pts | ₹20.6 Cr | up ₹88 L | Added |
| Indian Oil Corporation Limited | 1.35% | up 1.35 pts | ₹17.5 Cr | up ₹17.5 Cr | New |
| APL Apollo Tubes Limited | 1.07% | up 0.02 pts | ₹13.9 Cr | up ₹90 L | Added |
| Indraprastha Gas Limited | 1.04% | up 0.02 pts | ₹13.5 Cr | up ₹92 L | Added |
| Ratnamani Metals & Tubes Limited | 0.79% | up <0.01 pts | ₹10.2 Cr | up ₹55 L | Added |
| Jindal Saw Limited | 0.43% | down 0.10 pts | ₹5.6 Cr | down ₹95 L | Trimmed |
| IRM Energy Limited | 0.37% | down 0.03 pts | ₹4.8 Cr | down ₹8 L | Trimmed |
What changed, Apr 2025 to May 2025
New New positions (1)
- Indian Oil Corporation Limited1.4% · ₹17.5 Cr
Exited Exited (0)
None.
Added Biggest additions
- Tata Steel Limitedup ₹11.4 Cr (+0.57% pts)
- Hindustan Petroleum Corporation Limitedup ₹5.4 Cr (+0.13% pts)
- National Aluminium Company Limitedup ₹4.7 Cr (+0.24% pts)
- Welspun Corp Limitedup ₹4.4 Cr (+0.26% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Apr 2025, the weight rose most in Petroleum Products (+1.6 pts) and Ferrous Metals (+0.3 pts), and fell most in Non - Ferrous Metals (−1.5 pts) and Gas (−0.5 pts).
- Petroleum Products19.0% → 20.6%+1.6 pts
- Ferrous Metals17.1% → 17.4%+0.3 pts
- Industrial Products6.5% → 6.8%+0.3 pts
- Non - Ferrous Metals15.3% → 13.8%−1.5 pts
- Gas14.2% → 13.7%−0.5 pts
- Minerals & Mining6.5% → 6.3%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | May 2022 | May 2024 | Nov 2024 | Feb 2025 | Apr 2025 | May 2025 |
|---|---|---|---|---|---|---|
| Petroleum Products | 23.9% | 13.4% | 13.3% | 15.5% | 19.0% | 20.6% |
| Ferrous Metals | 20.9% | 19.6% | 15.4% | 15.4% | 17.1% | 17.4% |
| Non - Ferrous Metals | 17.6% | 19.3% | 22.2% | 19.2% | 15.3% | 13.8% |
| Gas | 21.3% | 14.9% | 14.4% | 14.4% | 14.2% | 13.7% |
| Oil | 2.9% | 7.7% | 10.7% | 11.2% | 13.3% | 13.3% |
| Consumable Fuels | 4.0% | 11.1% | 8.9% | 9.8% | 8.2% | 8.1% |
| Industrial Products | 4.1% | 8.6% | 7.7% | 7.8% | 6.5% | 6.8% |
| Minerals & Mining | 5.2% | 5.4% | 7.5% | 6.7% | 6.5% | 6.3% |
Allocation in May 2025change vs Apr 2025
- Petroleum Products (4)20.6%▲ 1.6 pts
- Ferrous Metals (2)17.4%▲ 0.3 pts
- Non - Ferrous Metals (3)13.8%▼ 1.5 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, May 2025
4.2%
▲ 0.8 pts vs Apr 2025
- Cash alone
- 4.2%
- cash and net receivables
- A year earlier
- 1.9%
- May 2024 · now ▲ 2.3 pts
- Last 12 months
- 2.9% – 5.8%
- lowest to highest · record 16.0% in Feb 2017
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
The last 24 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Sep 2026 | ₹2,528 Cr | 24 |