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Sectoral / Thematic · SBI Mutual Fund · AMFI code 152417SBI Energy Opportunities Fund
Disclosed for 30 months, Apr 2024 to Sep 2026.
Portfolio value
₹9,129 Cr
down ₹81.2 Cr vs Nov 2025
- Stocks held
- 32
- unchanged
- Top 10 weight
- 63.6%
- of the portfolio in its ten largest
- Cash & debt
- 1.7%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
SBI Energy Opportunities Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In December 2025 it disclosed 32 stocks worth ₹9,129 Cr, down ₹81.2 Cr from Nov 2025. Its largest positions were Reliance Industries Limited (9.7%), Bharat Petroleum Corporation Limited (9.4%), Indian Oil Corporation Limited (8.7%); the ten largest together made up 63.6% of the portfolio, and Petroleum Products was the biggest sector at 30.1% of its equity. Cash and debt stood at 1.7%. Compared with Nov 2025 the fund entered 0 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
88%
Top-10 weight is higher than 88% of peers
Breadth
19%
Holds more stocks than 19% of peers
Cash
25%
Holds more cash than 25% 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.
| Reliance Industries Limited | 9.71% | down 0.45 pts | ₹886 Cr | down ₹49.3 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 9.36% | down 0.37 pts | ₹854 Cr | down ₹41.6 Cr | Trimmed |
| Indian Oil Corporation Limited | 8.71% | down 0.73 pts | ₹795 Cr | down ₹74.5 Cr | Trimmed |
| GAIL (India) Limited | 6.72% | down 0.09 pts | ₹613 Cr | down ₹14 Cr | Trimmed |
| Gujarat State Petronet Limited | 5.79% | up 0.40 pts | ₹529 Cr | up ₹32.4 Cr | Added |
| NTPC Limited | 5.60% | down 0.08 pts | ₹511 Cr | down ₹11.5 Cr | Trimmed |
| Kalpataru Projects International Limited | 5.28% | up 0.06 pts | ₹482 Cr | up ₹1.1 Cr | Held |
| HEG Limited | 4.59% | up 0.74 pts | ₹419 Cr | up ₹64.6 Cr | Added |
| Petronet LNG Limited | 4.11% | up 0.21 pts | ₹376 Cr | up ₹16.2 Cr | Added |
| Thermax Limited | 3.75% | up 0.16 pts | ₹343 Cr | up ₹11.6 Cr | Added |
| Torrent Power Limited | 3.49% | up 0.01 pts | ₹318 Cr | down ₹1.9 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 3.24% | down 0.01 pts | ₹296 Cr | down ₹3.5 Cr | Trimmed |
| Honeywell Automation India Limited | 2.74% | down 0.19 pts | ₹250 Cr | down ₹19.7 Cr | Trimmed |
| JSW Energy Limited | 2.46% | up 1.10 pts | ₹224 Cr | up ₹99.7 Cr | Added |
| Indraprastha Gas Limited | 2.38% | down 0.04 pts | ₹218 Cr | down ₹5.4 Cr | Trimmed |
| CESC Limited | 2.27% | down 0.34 pts | ₹207 Cr | down ₹33.4 Cr | Trimmed |
| Graphite India Limited | 1.97% | up 0.28 pts | ₹179 Cr | up ₹24.2 Cr | Added |
| Savita Oil Technologies Ltd. | 1.83% | up 0.04 pts | ₹167 Cr | up ₹1.9 Cr | Added |
| REC Limited | 1.69% | down <0.01 pts | ₹154 Cr | down ₹1.8 Cr | Trimmed |
| Gujarat Gas Limited | 1.67% | up 0.08 pts | ₹152 Cr | up ₹5.9 Cr | Added |
| Cash, TREPS & receivables | 1.66% | down 0.99 pts | ₹152 Cr | down ₹92.9 Cr | Trimmed |
| Power Finance Corporation Limited | 1.66% | down 0.02 pts | ₹151 Cr | down ₹3.1 Cr | Trimmed |
| Adani Energy Solutions Limited | 1.41% | up 0.06 pts | ₹128 Cr | up ₹4.1 Cr | Added |
| Power Grid Corporation of India Limited | 1.25% | down 0.01 pts | ₹114 Cr | down ₹2.3 Cr | Trimmed |
| Tube Investments of India Limited | 1.22% | down 0.07 pts | ₹111 Cr | down ₹7.2 Cr | Trimmed |
| Shivalik Bimetal Controls Ltd | 1.11% | down 0.01 pts | ₹101 Cr | down ₹1.6 Cr | Trimmed |
| Oil India Limited | 0.98% | up 0.03 pts | ₹89.1 Cr | up ₹2.3 Cr | Added |
| NHPC Limited | 0.95% | up 0.04 pts | ₹86.9 Cr | up ₹2.7 Cr | Added |
| Indian Energy Exchange Limited | 0.84% | down 0.02 pts | ₹76.6 Cr | down ₹2.9 Cr | Trimmed |
| KEC International Limited | 0.73% | up 0.24 pts | ₹66.4 Cr | up ₹21.8 Cr | Added |
| Adani Power Limited | 0.35% | down 0.01 pts | ₹31.8 Cr | down ₹1 Cr | Trimmed |
| Inox India Limited | 0.25% | down 0.01 pts | ₹22.7 Cr | down ₹71 L | Trimmed |
| Chemplast Sanmar Ltd | 0.19% | down 0.01 pts | ₹17.4 Cr | down ₹1.5 Cr | Trimmed |
| 364 DAY T-BILL Debt | 0.05% | up <0.01 pts | ₹4.8 Cr | up ₹2 L | Held |
What changed, Nov 2025 to Dec 2025
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- JSW Energy Limitedup ₹99.7 Cr (+1.10% pts)
- HEG Limitedup ₹64.6 Cr (+0.74% pts)
- Gujarat State Petronet Limitedup ₹32.4 Cr (+0.40% pts)
- Graphite India Limitedup ₹24.2 Cr (+0.28% pts)
- KEC International Limitedup ₹21.8 Cr (+0.24% 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 Industrial Products (+1.0 pts) and Power (+0.6 pts), and fell most in Petroleum Products (−1.9 pts) and Industrial Manufacturing (−0.2 pts).
- Industrial Products7.1% → 8.1%+1.0 pts
- Power17.5% → 18.1%+0.6 pts
- Gas20.7% → 21.0%+0.4 pts
- Construction5.9% → 6.1%+0.2 pts
- Electrical Equipment3.7% → 3.8%+0.1 pts
- Petroleum Products32.0% → 30.1%−1.9 pts
- Industrial Manufacturing3.0% → 2.8%−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 | Dec 2024 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Petroleum Products | 41.9% | 30.8% | 30.4% | 32.0% | 30.1% |
| Gas | 12.1% | 16.7% | 21.2% | 20.7% | 21.0% |
| Power | 17.8% | 19.5% | 19.1% | 17.5% | 18.1% |
| Industrial Products | 5.2% | 6.6% | 7.1% | 7.1% | 8.1% |
| Construction | 4.8% | 5.0% | 5.6% | 5.9% | 6.1% |
| Oil | 2.3% | 3.1% | 3.4% | 4.3% | 4.3% |
| Electrical Equipment | 9.3% | 8.9% | 4.0% | 3.7% | 3.8% |
| Finance | 1.8% | 3.5% | 3.7% | 3.5% | 3.4% |
| Industrial Manufacturing | 2.3% | 3.0% | 3.1% | 3.0% | 2.8% |
| Auto Components | — | 1.3% | 1.5% | 1.3% | 1.2% |
Allocation in Dec 2025change vs Nov 2025
- Petroleum Products (4)30.1%▼ 1.9 pts
- Gas (5)21.0%▲ 0.4 pts
- Power (8)18.1%▲ 0.6 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
1.7%
▼ 1.0 pts vs Nov 2025
- Cash alone
- 1.6%
- cash and net receivables
- A year earlier
- 1.6%
- Dec 2024 · now ▲ 0.1 pts
- Last 12 months
- 1.7% – 6.9%
- lowest to highest · record 11.9% in Apr 2024
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.