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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
₹8,610 Cr
down ₹519 Cr vs Dec 2025
- Stocks held
- 32
- unchanged
- Top 10 weight
- 60.5%
- of the portfolio in its ten largest
- Cash & debt
- 3.1%
- cash, money market and debt
- Moves this month
SBI Energy Opportunities Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In January 2026 it disclosed 32 stocks worth ₹8,610 Cr, down ₹519 Cr from Dec 2025. Its largest positions were Indian Oil Corporation Limited (9.1%), Reliance Industries Limited (8.6%), Bharat Petroleum Corporation Limited (7.2%); the ten largest together made up 60.5% of the portfolio, and Petroleum Products was the biggest sector at 27.6% of its equity. Cash and debt stood at 3.1%. Compared with Dec 2025 the fund entered 0 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
84%
Top-10 weight is higher than 84% of peers
Breadth
19%
Holds more stocks than 19% of peers
Cash
45%
Holds more cash than 45% of peers
What these mean: concentration · cash
Holdings in January 2026
Download CSVEvery line the fund disclosed, with the change against Dec 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Indian Oil Corporation Limited | 9.06% | up 0.35 pts | ₹780 Cr | down ₹15.4 Cr | Trimmed |
| Reliance Industries Limited | 8.58% | down 1.13 pts | ₹739 Cr | down ₹148 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 7.24% | down 2.12 pts | ₹623 Cr | down ₹231 Cr | Trimmed |
| GAIL (India) Limited | 6.92% | up 0.20 pts | ₹596 Cr | down ₹17.4 Cr | Trimmed |
| Gujarat State Petronet Limited | 6.12% | up 0.33 pts | ₹527 Cr | down ₹2 Cr | Held |
| Kalpataru Projects International Limited | 5.32% | up 0.05 pts | ₹458 Cr | down ₹23.4 Cr | Trimmed |
| NTPC Limited | 4.65% | down 0.95 pts | ₹400 Cr | down ₹111 Cr | Trimmed |
| Petronet LNG Limited | 4.45% | up 0.33 pts | ₹383 Cr | up ₹7.5 Cr | Added |
| HEG Limited | 4.23% | down 0.36 pts | ₹364 Cr | down ₹55 Cr | Trimmed |
| Torrent Power Limited | 3.92% | up 0.44 pts | ₹338 Cr | up ₹19.7 Cr | Added |
| Oil & Natural Gas Corporation Limited | 3.85% | up 0.60 pts | ₹331 Cr | up ₹35.2 Cr | Added |
| Thermax Limited | 3.79% | up 0.04 pts | ₹326 Cr | down ₹16.4 Cr | Trimmed |
| Cash, TREPS & receivables | 3.09% | up 1.43 pts | ₹266 Cr | up ₹114 Cr | Added |
| Honeywell Automation India Limited | 2.96% | up 0.22 pts | ₹254 Cr | up ₹4.3 Cr | Added |
| JSW Energy Limited | 2.48% | up 0.03 pts | ₹214 Cr | down ₹10.5 Cr | Trimmed |
| Indraprastha Gas Limited | 2.31% | down 0.07 pts | ₹199 Cr | down ₹18.7 Cr | Trimmed |
| CESC Limited | 2.11% | down 0.16 pts | ₹182 Cr | down ₹25.3 Cr | Trimmed |
| Graphite India Limited | 2.01% | up 0.04 pts | ₹173 Cr | down ₹6.8 Cr | Trimmed |
| Power Finance Corporation Limited | 1.88% | up 0.22 pts | ₹162 Cr | up ₹10.2 Cr | Added |
| Savita Oil Technologies Ltd. | 1.84% | up 0.01 pts | ₹159 Cr | down ₹8.6 Cr | Trimmed |
| REC Limited | 1.83% | up 0.14 pts | ₹157 Cr | up ₹3.2 Cr | Added |
| Gujarat Gas Limited | 1.82% | up 0.16 pts | ₹157 Cr | up ₹4.9 Cr | Added |
| Adani Energy Solutions Limited | 1.30% | down 0.11 pts | ₹112 Cr | down ₹16.6 Cr | Trimmed |
| Power Grid Corporation of India Limited | 1.28% | up 0.03 pts | ₹111 Cr | down ₹3.5 Cr | Trimmed |
| Oil India Limited | 1.24% | up 0.27 pts | ₹107 Cr | up ₹18 Cr | Added |
| Shivalik Bimetal Controls Ltd | 1.16% | up 0.05 pts | ₹100 Cr | down ₹1.1 Cr | Trimmed |
| Tube Investments of India Limited | 1.15% | down 0.06 pts | ₹99.2 Cr | down ₹11.9 Cr | Trimmed |
| NHPC Limited | 1.00% | up 0.04 pts | ₹85.7 Cr | down ₹1.1 Cr | Trimmed |
| Indian Energy Exchange Limited | 0.84% | up <0.01 pts | ₹72.3 Cr | down ₹4.2 Cr | Trimmed |
| KEC International Limited | 0.70% | down 0.03 pts | ₹60 Cr | down ₹6.4 Cr | Trimmed |
| Adani Power Limited | 0.35% | up <0.01 pts | ₹30.1 Cr | down ₹1.7 Cr | Trimmed |
| Inox India Limited | 0.26% | up 0.01 pts | ₹22.3 Cr | down ₹37 L | Trimmed |
| Chemplast Sanmar Ltd | 0.20% | up 0.01 pts | ₹17.3 Cr | down ₹6 L | Held |
| 364 DAY T-BILL Debt | 0.06% | up <0.01 pts | ₹4.8 Cr | up ₹2 L | Held |
What changed, Dec 2025 to Jan 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Oil & Natural Gas Corporation Limitedup ₹35.2 Cr (+0.60% pts)
- Torrent Power Limitedup ₹19.7 Cr (+0.44% pts)
- Oil India Limitedup ₹18 Cr (+0.27% pts)
- Power Finance Corporation Limitedup ₹10.2 Cr (+0.22% pts)
- Petronet LNG Limited ₹7.5 Cr (+0.33% 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 Dec 2025, the weight rose most in Gas (+1.3 pts) and Oil (+1.0 pts), and fell most in Petroleum Products (−2.5 pts) and Power (−0.4 pts).
- Gas21.0% → 22.3%+1.3 pts
- Oil4.3% → 5.3%+1.0 pts
- Finance3.4% → 3.8%+0.4 pts
- Industrial Manufacturing2.8% → 3.1%+0.3 pts
- Construction6.1% → 6.2%+0.1 pts
- Petroleum Products30.1% → 27.6%−2.5 pts
- Power18.1% → 17.7%−0.4 pts
- Industrial Products8.1% → 7.9%−0.1 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 | Jan 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Petroleum Products | 30.0% | 29.8% | 31.0% | 30.1% | 27.6% |
| Gas | 16.3% | 16.3% | 20.9% | 21.0% | 22.3% |
| Power | 21.3% | 19.4% | 17.7% | 18.1% | 17.7% |
| Industrial Products | 5.3% | 7.4% | 7.6% | 8.1% | 7.9% |
| Construction | 4.3% | 5.0% | 5.4% | 6.1% | 6.2% |
| Oil | 2.7% | 3.3% | 4.4% | 4.3% | 5.3% |
| Electrical Equipment | 9.9% | 9.8% | 3.9% | 3.8% | 3.9% |
| Finance | 2.5% | 3.7% | 3.6% | 3.4% | 3.8% |
| Industrial Manufacturing | 3.1% | 3.1% | 3.0% | 2.8% | 3.1% |
| Auto Components | 0.4% | 1.3% | 1.4% | 1.2% | 1.2% |
Allocation in Jan 2026change vs Dec 2025
- Petroleum Products (4)27.6%▼ 2.5 pts
- Gas (5)22.3%▲ 1.3 pts
- Power (8)17.7%▼ 0.4 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, Jan 2026
3.1%
▲ 1.4 pts vs Dec 2025
- Cash alone
- 3.1%
- cash and net receivables
- A year earlier
- 4.9%
- Jan 2025 · now ▼ 1.8 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.