Kotak Energy Opportunities Fund vs SBI Energy Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Energy Opportunities Fund is a Thematic fund and SBI Energy Opportunities Fund is a Thematic fund. In the year to 30-10-2026, Kotak Energy Opportunities Fund (Direct) returned −6.5% and SBI Energy Opportunities Fund (Direct) returned −6.5%. Kotak Energy Opportunities Fund charges 1.11% a year and SBI Energy Opportunities Fund 0.92% (Direct plans). Their portfolios overlap 42.9%: they hold 15 of the same securities.
Kotak Energy Opportunities Fund
Thematic
- 1 year return
- −6.5%
- Expense ratio
- 1.11%
- NAV
- ₹9.90
SBI Energy Opportunities Fund
Thematic
- 1 year return
- −6.5%
- Expense ratio
- 0.92%
- NAV
- ₹10.40
Which is better, Kotak Energy Opportunities or SBI Energy Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Energy Opportunities returned more over 1 year: −6.5% against −6.5%.
- SBI Energy Opportunities costs less: 0.92% a year against 1.11% (Direct plans).
- SBI Energy Opportunities fell less in its worst fall since 02-05-2025: −12.4% against −13.1%.
- SBI Energy Opportunities is the larger fund: ₹7,966 Cr against ₹264 Cr.
- Their portfolios overlap 42.9%: 15 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Kotak Energy Opportunities Fund | SBI Energy Opportunities Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹264 Cr (30-09-2026) | ₹7,966 Cr (30-09-2026) |
| NAV | ₹9.90 (Direct) | ₹10.40 (Direct) |
| Expense ratio (Direct) | 1.11% | 0.92% |
| Expense ratio (Regular) | 2.60% | 1.87% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Energy TRI | Nifty Energy TRI |
| Launch date | 25-04-2025 | 26-02-2024 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Mandar Pawar, Abhishek Bisen | Raj Gandhi |
| Exit load | Exit load of 0.5%, if redeemed within 90 Days. | Exit load of 1%, if redeemed within 30 days. |
Kotak Energy Opportunities vs SBI Energy Opportunities: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Kotak Energy Opportunities Fund (Direct) | −5.48% | −7.85% | −10.47% | −6.54% | -- | -- | -- |
| SBI Energy Opportunities Fund (Direct) | −4.33% | −8.56% | −9.69% | −6.54% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Energy Opportunities vs SBI Energy Opportunities: Year-wise Returns
| Year | KotakKotak Energy Opportunities | SBISBI Energy Opportunities | Nifty Energy TRI |
|---|---|---|---|
| 2026to date | −4.07% | −5.57% | −0.05% |
| 2025 | -- | +5.90% | +1.84% |
Kotak Energy Opportunities vs SBI Energy Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Energy TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 123 of them, one for each trading day from 04-05-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Kotak Energy Opportunities Fund (Direct)
SBI Energy Opportunities Fund (Direct)
Nifty Energy TRI
to
May 2026Jun 2025
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Jun 2026Jul 2025
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Jul 2026Aug 2025
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Aug 2026Sept 2025
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Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Energy Opportunities | 6.5 | 39.0 | 49.6 | 4.9 | 0.0 | 0.0 | 0.0 | 5.2% | 5.8% | −6.5% | 11.9% | 0% |
| SBI Energy Opportunities | 10.5 | 32.3 | 47.6 | 8.9 | 0.8 | 0.0 | 0.0 | 5.6% | 6.6% | −6.5% | 15.7% | 0% |
| Nifty Energy TRI | 4.9 | 8.1 | 24.4 | 50.4 | 8.1 | 4.1 | 0.0 | 10.6% | 11.5% | −2.8% | 23.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Energy TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-05-2025. Past returns do not promise future returns.
Kotak Energy Opportunities vs SBI Energy Opportunities: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Energy OpportunitiesKotak Energy Opportunities Fund (Direct) | ₹1,80,000 | ₹1,71,108 | −₹8,892 | −6.3% |
| SBI Energy OpportunitiesSBI Energy Opportunities Fund (Direct) | ₹1,80,000 | ₹1,71,827 | −₹8,173 | −5.8% |
Kotak Energy OpportunitiesKotak Energy Opportunities Fund (Direct)
SBI Energy OpportunitiesSBI Energy Opportunities Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Kotak Energy Opportunities vs SBI Energy Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Energy Opportunities Fund (Direct) | SBI Energy Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.54% | −6.54% |
| Standard deviation | 15.98% | 15.45% |
| Sharpe ratio | -0.74 | -0.76 |
| Sortino ratio | -0.98 | -1.02 |
| Maximum drawdown | −13.1% (23-10-2026) | −12.4% (23-10-2026) |
| Beta | 0.92 | 0.86 |
| Alpha | −4.37% | −4.83% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Kotak Energy Opportunities Fund (Direct) | SBI Energy Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.80% | +1.14% |
| Standard deviation | 13.97% | 17.92% |
| Sharpe ratio | -0.44 | -0.27 |
| Sortino ratio | -0.59 | -0.34 |
| Maximum drawdown | −13.1% (23-10-2026) | −28.0% (03-03-2025) |
| Beta | 0.82 | 0.85 |
| Alpha | −4.09% | +3.25% |
From daily NAVs, 02-05-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Kotak Energy Opportunities Fund (Direct)
SBI Energy Opportunities Fund (Direct)
Nifty Energy TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Energy Opportunities Fund (Direct) | −13.1% | 07-05-2026 | 23-10-2026 | Not yet | -- | −11.7% |
| SBI Energy Opportunities Fund (Direct) | −12.4% | 22-06-2026 | 23-10-2026 | Not yet | -- | −11.7% |
| Nifty Energy TRI | −16.4% | 27-05-2026 | 23-10-2026 | Not yet | -- | −15.3% |
From daily values since 02-05-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Energy Opportunities Fund (Direct)
SBI Energy Opportunities Fund (Direct)
Nifty Energy TRI
Against Nifty Energy TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Energy Opportunities Fund (Direct) | 86% | 93% | 5.85% |
| SBI Energy Opportunities Fund (Direct) | 100% | 104% | 6.98% |
From month-end values since 02-05-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Kotak Energy Opportunities vs SBI Energy Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Energy Opportunities Fund, September 2026; SBI Energy Opportunities Fund, September 2026
Holdings in common
- Overlap
- 42.9%
- Held by both
- 15
- Only in Kotak Energy Opportunities
- 24
- Only in SBI Energy Opportunities
- 24
| Security | % of Kotak Energy Opportunities | % of SBI Energy Opportunities |
|---|---|---|
| GAIL (India) Ltd. | 7.40% | 8.01% |
| RELIANCE INDUSTRIES LTD. | 6.73% | 8.86% |
| Petronet LNG Ltd. | 4.84% | 4.72% |
| BHARAT PETROLEUM CORPORATION LTD. | 4.13% | 4.63% |
| NTPC LTD | 3.48% | 4.56% |
| KALPATARU PROJECTS INTERNATIONAL LIMITED | 3.13% | 5.07% |
| CESC Ltd. | 1.82% | 2.04% |
| Oil And Natural Gas Corporation Ltd. | 1.71% | 7.74% |
| TORRENT POWER LTD | 1.70% | 3.57% |
| REC LTD | 2.03% | 1.62% |
| Siemens Ltd. | 4.65% | 1.56% |
| NHPC Ltd. | 2.48% | 1.44% |
| INDIAN OIL CORPORATION LTD. | 1.38% | 2.99% |
| Power Finance Corporation Ltd. | 1.11% | 1.74% |
| Power Grid Corporation of India Ltd. | 2.17% | 0.98% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.9% means 42.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Kotak Energy Opportunities Fund
| Security | % of fund |
|---|---|
| GE VERNOVA T&D INDIA LIMITED | 5.24% |
| Coal India Limited | 4.82% |
| ABB India Ltd. | 4.61% |
| Tata Power Company Ltd. | 3.66% |
| Larsen and Toubro Ltd. | 2.56% |
Largest holdings only in SBI Energy Opportunities Fund
| Security | % of fund |
|---|---|
| Gujarat Energy Ltd. | 5.61% |
| Savita Oil Technologies Ltd. | 3.85% |
| JSW Energy Ltd. | 3.77% |
| Thermax Ltd. | 3.76% |
| Honeywell Automation India Ltd. | 3.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Energy Opportunities | SBI Energy Opportunities |
|---|---|---|
| Equity | 96.1% | 97.4% |
| Debt | 0.0% | 0.1% |
| Cash and others | 3.9% | 2.5% |
Market cap of stocks
| Market cap | Kotak Energy Opportunities | SBI Energy Opportunities |
|---|---|---|
| Large Cap | 50.0% | 43.7% |
| Mid Cap | 22.9% | 21.6% |
| Small Cap | 16.0% | 28.1% |
| Not on AMFI's list | 7.1% | 4.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Kotak Energy Opportunities | SBI Energy Opportunities |
|---|---|---|
| Gas | 12.2% | 21.5% |
| Petroleum Products | 13.5% | 21.2% |
| Electrical Equipment | 21.0% | 7.1% |
| Power | 18.8% | 16.6% |
| Oil | 1.7% | 8.1% |
| Industrial Products | 8.0% | 3.8% |
| Construction | 5.7% | 5.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Energy Opportunities vs SBI Energy Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Energy Opportunities Fund | SBI Energy Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.11% | 0.92% |
| Base expense ratio (Direct) | 0.84% | 0.71% |
| Total expense ratio (Regular) | 2.60% | 1.87% |
| Base expense ratio (Regular) | 2.10% | 1.53% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Kotak Energy Opportunities with
Compare SBI Energy Opportunities with
Kotak Energy Opportunities Fund vs SBI Energy Opportunities Fund: Frequently Asked Questions
What is the difference between Kotak Energy Opportunities Fund and SBI Energy Opportunities Fund?
Kotak Energy Opportunities Fund is a Thematic fund, SBI Energy Opportunities Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 42.9%. Kotak Energy Opportunities Fund charges 1.11% a year and SBI Energy Opportunities Fund 0.92%.
Which has given higher returns, Kotak Energy Opportunities Fund or SBI Energy Opportunities Fund?
Over 1 year: Kotak Energy Opportunities Fund −6.54%, SBI Energy Opportunities Fund −6.54%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Energy Opportunities Fund or SBI Energy Opportunities Fund?
SBI Energy Opportunities Fund charges less: 0.92% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Energy Opportunities Fund and SBI Energy Opportunities Fund overlap?
42.9%. They hold 15 of the same securities, the largest shared ones being GAIL, RELIANCE, PETRONET. From each fund's latest monthly portfolio.
Which is riskier, Kotak Energy Opportunities Fund or SBI Energy Opportunities Fund?
On SEBI's riskometer, Kotak Energy Opportunities Fund is rated Very High and SBI Energy Opportunities Fund Very High. Over 1 years, the standard deviation of daily returns was 15.98% and 15.45% a year.
Can I invest in both Kotak Energy Opportunities Fund and SBI Energy Opportunities Fund?
Yes. 42.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Energy Opportunities Fund and SBI Energy Opportunities Fund?
Kotak Energy Opportunities Fund: Mandar Pawar, Abhishek Bisen. SBI Energy Opportunities Fund: Raj Gandhi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.