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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 2026 it disclosed 22 stocks worth ₹2,457 Cr, up ₹114 Cr from Apr 2026. Its largest positions were BlackRock Global Funds - World Energy Fund (9.2%), Jindal Steel & Power Limited (7.4%), Tata Steel Limited (7.2%); the ten largest together made up 61.7% of the portfolio, and Petroleum Products was the biggest sector at 30.2% of its equity. Cash and debt stood at 11.0%. Compared with Apr 2026 the fund entered 1 new stock and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
85%
Top-10 weight is higher than 85% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
96%
Holds more cash than 96% of peers
What these mean: concentration · cash
Holdings in May 2026
Download CSVEvery line the fund disclosed, with the change against Apr 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 10.98% | down 1.44 pts | ₹270 Cr | down ₹21.3 Cr | Trimmed |
| BlackRock Global Funds - World Energy Fund Fund units | 9.19% | down 0.98 pts | ₹226 Cr | down ₹12.4 Cr | Trimmed |
| Jindal Steel & Power Limited | 7.43% | down 0.46 pts | ₹182 Cr | down ₹2.4 Cr | Trimmed |
| Tata Steel Limited | 7.21% | down 1.51 pts | ₹177 Cr | down ₹27.1 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 7.17% | up 2.71 pts | ₹176 Cr | up ₹71.7 Cr | Added |
| Hindustan Petroleum Corporation Limited | 5.78% | up 3.28 pts | ₹142 Cr | up ₹83.4 Cr | Added |
| Indian Oil Corporation Limited | 5.69% | up 1.52 pts | ₹140 Cr | up ₹42.2 Cr | Added |
| Oil & Natural Gas Corporation Limited | 5.52% | down 2.03 pts | ₹136 Cr | down ₹41.4 Cr | Trimmed |
| Hindustan Zinc Limited | 4.81% | up 0.06 pts | ₹118 Cr | up ₹6.9 Cr | Added |
| Hindalco Industries Limited | 4.63% | up 0.16 pts | ₹114 Cr | up ₹8.9 Cr | Added |
| Reliance Industries Limited | 4.31% | up 2.12 pts | ₹106 Cr | up ₹54.6 Cr | Added |
| BlackRock Global Funds - Sustainable Energy Fund Fund units | 3.93% | up 0.03 pts | ₹96.4 Cr | up ₹5.1 Cr | Added |
| Petronet LNG Limited | 3.82% | down 0.27 pts | ₹93.8 Cr | down ₹2 Cr | Trimmed |
| National Aluminium Company Limited | 3.77% | up 0.05 pts | ₹92.6 Cr | up ₹5.5 Cr | Added |
| Oil India Limited | 3.74% | down 0.90 pts | ₹91.9 Cr | down ₹16.8 Cr | Trimmed |
| Coal India Limited | 3.35% | up 0.20 pts | ₹82.4 Cr | up ₹8.6 Cr | Added |
| GAIL (India) Limited | 2.22% | down 0.09 pts | ₹54.5 Cr | up ₹42 L | Added |
| NMDC Limited | 1.68% | down 1.17 pts | ₹41.3 Cr | down ₹25.5 Cr | Trimmed |
| Gujarat Gas Limited | 1.37% | up 1.37 pts | ₹33.7 Cr | up ₹33.7 Cr | New |
| Godawari Power And Ispat limited | 0.80% | down 0.57 pts | ₹19.8 Cr | down ₹12.5 Cr | Trimmed |
| Mahanagar Gas Limited | 0.78% | up 0.23 pts | ₹19.2 Cr | up ₹6.4 Cr | Added |
| Indraprastha Gas Limited | 0.62% | down 0.05 pts | ₹15.2 Cr | down ₹53 L | Trimmed |
| Jindal Saw Limited | 0.53% | up 0.03 pts | ₹13.1 Cr | up ₹1.3 Cr | Added |
| Welspun Corp Limited | 0.49% | down 0.47 pts | ₹12.1 Cr | down ₹10.5 Cr | Trimmed |
| IRM Energy Limited | 0.18% | down 0.08 pts | ₹4.5 Cr | down ₹1.6 Cr | Trimmed |
What changed, Apr 2026 to May 2026
New New positions (1)
- Gujarat Gas Limited1.4% · ₹33.7 Cr
Exited Exited (2)
- Gujarat State Petronet Limitedwas 1.3% · ₹31.1 Cr
- Ratnamani Metals & Tubes Limitedwas 0.4% · ₹9.5 Cr
Added Biggest additions
- Hindustan Petroleum Corporation Limitedup ₹83.4 Cr (+3.28% pts)
- Bharat Petroleum Corporation Limitedup ₹71.7 Cr (+2.71% pts)
- Reliance Industries Limited
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 2026, the weight rose most in Petroleum Products (+12.1 pts) and Consumable Fuels (+0.1 pts), and fell most in Oil (−4.4 pts) and Ferrous Metals (−3.3 pts).
- Petroleum Products18.1% → 30.2%+12.1 pts
- Consumable Fuels4.3% → 4.4%+0.1 pts
- Oil16.6% → 12.2%−4.4 pts
- Ferrous Metals22.6% → 19.3%−3.3 pts
- Industrial Products4.4% → 2.4%−2.0 pts
- Minerals & Mining3.9% → 2.2%−1.7 pts
- Gas12.5% → 11.8%−0.7 pts
- Non - Ferrous Metals17.6% → 17.4%−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 2023 | May 2025 | Nov 2025 | Feb 2026 | Apr 2026 | May 2026 |
|---|---|---|---|---|---|---|
| Petroleum Products | 23.3% | 20.6% | 18.2% | 15.2% | 18.1% | 30.2% |
| Ferrous Metals | 21.9% | 17.4% | 20.9% | 25.9% | 22.6% | 19.3% |
| Non - Ferrous Metals | 20.5% | 13.8% | 17.5% | 12.5% | 17.6% | 17.4% |
| Oil | 6.3% | 13.3% | 15.7% | 17.4% | 16.6% | 12.2% |
| Gas | 17.2% | 13.7% | 14.4% | 16.2% | 12.5% | 11.8% |
| Consumable Fuels | 4.4% | 8.1% | 4.7% | 4.6% | 4.3% | 4.4% |
| Industrial Products | 1.2% | 6.8% | 4.1% | 4.1% | 4.4% | 2.4% |
| Minerals & Mining | 5.0% | 6.3% | 4.5% | 4.2% | 3.9% | 2.2% |
Allocation in May 2026change vs Apr 2026
- Petroleum Products (4)30.2%▲ 12.1 pts
- Ferrous Metals (2)19.3%▼ 3.3 pts
- Non - Ferrous Metals (3)17.4%▼ 0.2 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 2026
11.0%
▼ 1.4 pts vs Apr 2026
- Cash alone
- 11.0%
- cash and net receivables
- A year earlier
- 4.2%
- May 2025 · now ▲ 6.8 pts
- Last 12 months
- 1.6% – 18.5%
- lowest to highest · record 18.5% in Mar 2026
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 |