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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 December 2025 it disclosed 22 stocks worth ₹1,573 Cr, up ₹105 Cr from Nov 2025. Its largest positions were Jindal Steel & Power Limited (9.1%), Tata Steel Limited (9.0%), Oil & Natural Gas Corporation Limited (8.9%); the ten largest together made up 61.9% of the portfolio, and Ferrous Metals was the biggest sector at 22.1% of its equity. Cash and debt stood at 6.3%. Compared with Nov 2025 the fund entered 0 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
86%
Top-10 weight is higher than 86% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
80%
Holds more cash than 80% of peers
What these mean: concentration · cash
Holdings in December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 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 | 9.09% | up 0.23 pts | ₹143 Cr | up ₹13 Cr | Added |
| Tata Steel Limited | 9.04% | up 0.51 pts | ₹142 Cr | up ₹17 Cr | Added |
| Oil & Natural Gas Corporation Limited | 8.86% | down 0.21 pts | ₹139 Cr | up ₹6.3 Cr | Added |
| BlackRock Global Funds - World Energy Fund Fund units | 6.93% | up 0.54 pts | ₹109 Cr | up ₹15.2 Cr | Added |
| Cash, TREPS & receivables | 6.35% | up 2.33 pts | ₹99.8 Cr | up ₹40.9 Cr | Added |
| Hindustan Zinc Limited | 5.24% | up 0.23 pts | ₹82.5 Cr | up ₹8.9 Cr | Added |
| National Aluminium Company Limited | 4.87% | up 0.55 pts | ₹76.7 Cr | up ₹13.2 Cr | Added |
| Hindalco Industries Limited | 4.62% | down 0.63 pts | ₹72.6 Cr | down ₹4.4 Cr | Trimmed |
| BlackRock Global Funds - Sustainable Energy Fund Fund units | 4.60% | down 1.81 pts | ₹72.3 Cr | down ₹21.7 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 4.38% | down 0.51 pts | ₹68.9 Cr | down ₹2.9 Cr | Trimmed |
| Oil India Limited | 4.29% | up 0.34 pts | ₹67.5 Cr | up ₹9.5 Cr | Added |
| Petronet LNG Limited | 4.15% | down 0.07 pts | ₹65.3 Cr | up ₹3.3 Cr | Added |
| NMDC Limited | 3.91% | up 0.18 pts | ₹61.5 Cr | up ₹6.8 Cr | Added |
| Coal India Limited | 3.89% | down 0.04 pts | ₹61.2 Cr | up ₹3.5 Cr | Added |
| GAIL (India) Limited | 3.62% | down 0.35 pts | ₹57 Cr | down ₹1.3 Cr | Trimmed |
| Reliance Industries Limited | 3.58% | down 0.25 pts | ₹56.2 Cr | up ₹10 L | Held |
| Indian Oil Corporation Limited | 3.50% | down 0.64 pts | ₹55.1 Cr | down ₹5.7 Cr | Trimmed |
| Gujarat State Petronet Limited | 2.12% | down 0.01 pts | ₹33.4 Cr | up ₹2 Cr | Added |
| Hindustan Petroleum Corporation Limited | 2.07% | down 0.22 pts | ₹32.5 Cr | down ₹99 L | Trimmed |
| Godawari Power And Ispat limited | 1.84% | up 0.10 pts | ₹29 Cr | up ₹3.4 Cr | Added |
| Indraprastha Gas Limited | 1.17% | down 0.12 pts | ₹18.4 Cr | down ₹46 L | Trimmed |
| Jindal Saw Limited | 0.57% | down 0.02 pts | ₹8.9 Cr | up ₹27 L | Added |
| Ratnamani Metals & Tubes Limited | 0.54% | down 0.04 pts | ₹8.5 Cr | up ₹3 L | Held |
| Welspun Corp Limited | 0.45% | down 0.06 pts | ₹7 Cr | down ₹36 L | Trimmed |
| IRM Energy Limited | 0.31% | down 0.03 pts | ₹4.9 Cr | down ₹7 L | Trimmed |
What changed, Nov 2025 to Dec 2025
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Tata Steel Limitedup ₹17 Cr (+0.51% pts)
- National Aluminium Company Limitedup ₹13.2 Cr (+0.55% pts)
- Jindal Steel & Power Limitedup ₹13 Cr (+0.23% pts)
- Oil India Limitedup ₹9.5 Cr (+0.34% pts)
- Hindustan Zinc Limitedup ₹8.9 Cr (+0.23% 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 Nov 2025, the weight rose most in Ferrous Metals (+1.2 pts) and Non - Ferrous Metals (+0.4 pts), and fell most in Petroleum Products (−1.7 pts) and Gas (−0.5 pts).
- Ferrous Metals20.9% → 22.1%+1.2 pts
- Non - Ferrous Metals17.5% → 17.9%+0.4 pts
- Oil15.7% → 16.0%+0.4 pts
- Minerals & Mining4.5% → 4.8%+0.3 pts
- Petroleum Products18.2% → 16.5%−1.7 pts
- Gas14.4% → 13.9%−0.5 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 | Dec 2022 | Dec 2024 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Ferrous Metals | 26.2% | 15.0% | 17.3% | 19.7% | 20.9% | 22.1% |
| Non - Ferrous Metals | 20.8% | 20.0% | 13.6% | 15.2% | 17.5% | 17.9% |
| Petroleum Products | 18.8% | 15.3% | 20.8% | 21.1% | 18.2% | 16.5% |
| Oil | 3.9% | 11.2% | 14.8% | 14.3% | 15.7% | 16.0% |
| Gas | 15.1% | 15.5% | 13.7% | 12.7% | 14.4% | 13.9% |
| Minerals & Mining | 5.4% | 6.6% | 6.2% | 5.0% | 4.5% | 4.8% |
| Consumable Fuels | 6.0% | 8.4% | 8.0% | 7.3% | 4.7% | 4.7% |
| Industrial Products | 3.8% | 8.1% | 5.7% | 4.7% | 4.1% | 4.1% |
Allocation in Dec 2025change vs Nov 2025
- Ferrous Metals (2)22.1%▲ 1.2 pts
- Non - Ferrous Metals (3)17.9%▲ 0.4 pts
- Petroleum Products (4)16.5%▼ 1.7 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, Dec 2025
6.3%
▲ 2.3 pts vs Nov 2025
- Cash alone
- 6.4%
- cash and net receivables
- A year earlier
- 4.7%
- Dec 2024 · now ▲ 1.6 pts
- Last 12 months
- 1.6% – 6.3%
- 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 |