April 7, 2026
RA Jainee
DSP Natural Resources and New Energy Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 37.21 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 37.21 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | MSCI World Energy 10/40 Net TRI (35), BSE Oil & Gas TRI (35), BSE Metal TRI (30) |
| AUM Rs. | 1,990 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.81% |
| 1 Year Return (%) | 24.47 |
| 3 Year Return (%) | 24.31 |
| 5 Year Return (%) | 20.39 |
| 10 Year Return (%) | 20.04 |
| Return Since Launch | 17.75% |
⚖️ Sahifund Review – DSP Natural Resources and New Energy Fund ✔
✓ PLUS:
• Outstanding long-term consistency with ~20%+ returns across 5 & 10 years
• Strong benchmark outperformance and #1 rank within category across most timeframes
• Reasonable expense ratio (0.81%) considering active global + domestic exposure
• Unique diversification across energy, metals and global resource companies
• Attractive valuations (low P/E ~13) offer margin of safety vs broader markets
• Proven track record across commodity cycles enhances investor confidence
• Backed by reputed fund house DSP Mutual Fund with thematic investing expertise
⚖️ MINUS:
• Highly cyclical theme—returns depend heavily on commodity and energy price cycles
• Concentrated portfolio (Top 10 ~54%) increases sector-specific risk
• High turnover (~33%) indicates active churn and tactical positioning
• Large-cap bias (~54%) may cap upside during sharp commodity rallies
• Thematic limitation—overdependence on global energy and metal cycles
• Volatility risk remains high due to global macro, geopolitics and currency factors
• Not suitable for conservative investors or short-term allocation
Sahifund View (Decisive Line):
A top-performing but cyclical theme—best approached via disciplined SIP during downturn phases, not at peak momentum.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Energy funds in our opinion, because:
• They have a narrow focus on only natural resources and energy companies
• •Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme will invest in equity and equity related securities of companies domiciled in India and a certain portion in companies domiciled overseas, whose predominant economic activity is in the (a) discovery, development, production, or distribution of natural resources, viz., energy, mining, etc.
Fund Manager:
1) Rohit Singhania
Education: Mr. Singhania is an MMS.
Experience: Prior to joining DSP AMC he has worked with HDFC Securities Ltd. and IL&FS Investsmart Limited.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of DSP Natural Resources and New Energy Fund
| Fund House | DSP Mutual Fund |
| Launch Date | 03-Jan-13 |
| Return Since Launch | 17.75% |
| Benchmark | MSCI World Energy 10/40 Net TRI (35), BSE Oil & Gas TRI (35), BSE Metal TRI (30) |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,990 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.81% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 33.00% |
DSP Natural Resources and New Energy Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Natural Resources and New Energy Dir | 4.81 | -0.17 | -4.31 | 2.97 | 13.03 | 24.47 | 24.31 | 20.39 | 19.24 | 20.04 |
| BSE Energy TRI | -8.49 | -0.68 | -7.14 | -10.00 | -1.01 | 5.56 | 17.78 | 15.09 | 15.12 | 18.97 |
| Equity: Thematic-Energy | -2.78 | -0.23 | -5.74 | -4.51 | 0.48 | 10.20 | 21.32 | 17.84 | 19.18 | 18.77 |
| Rank within category | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Number of funds in category | 5 | 5 | 5 | 5 | 5 | 4 | 2 | 2 | 2 | 2 |
Peer Comparison of DSP Natural Resources and New Energy Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| DSP Natural Resources and New Energy Dir | Unrated | 24.47 | 24.31 | 20.39 | 0.81 | 1,990 | 17.75 | — | 13Y 3M | 33.00 |
| ICICI Pru Energy Opportunities Dir | Unrated | 11.89 | — | — | 0.61 | 9,668 | 3.15 | 1.00 (90) | 1Y 8M | 90.00 |
| SBI Energy Opportunities Dir | Unrated | 3.05 | — | — | 0.80 | 8,908 | 0.89 | 1.00 (30) | 2Y 1M | 18.00 |
| Tata Resources & Energy Dir | Unrated | 6.05 | 18.32 | 15.29 | 0.57 | 1,264 | 17.44 | 0.25 (30) | 10Y 3M | 21.51 |
| Baroda BNP Paribas Energy Opportunities Dir | Unrated | 7.23 | — | — | 1.01 | 715 | 12.31 | 1.00 (365) | 1Y 1M | 77.00 |
DSP Natural Resources and New Energy Fund Portfolio
| No. of Stocks | 24 |
| Top 10 Stocks | 54.27% |
| Top 5 Stocks | 37.16% |
| Top 3 Sectors | 73.91% |
| Portfolio P/B Ratio | 1.78 |
| Portfolio P/E Ratio | 13.46 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,38,366 | 1,31,304 |
| Giant (%) | — | — |
| Large (%) | 53.92 | 58.15 |
| Mid (%) | 37.31 | 24.38 |
| Small (%) | 8.76 | 17.47 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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