SBI Energy Opportunities Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

SBI Energy Opportunities Fund is a Thematic fund run by SBI Mutual Fund. On 30-09-2026, it managed ₹7,966 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −6.5% and its Regular plan returned −7.4%. Its benchmark, Nifty Energy TRI, returned −2.8% over the same year.

NAV (Direct plan): ₹10.40; ▼ 0.94%30-10-2026
NAV (Regular plan): ₹10.11; ▼ 0.94%30-10-2026
Expense ratio: 0.92%Direct1.87%Regular; 0.92%; A year
Riskometer: Very High; Set by the fund house
1 year return: −6.5%Direct−7.4%Regular; −6.5%; Total

SBI Energy Opportunities Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹10.40 (down 0.94% that day); Regular Plan Growth ₹10.11 (down 0.94% that day).

This fund (Direct plan)

₹10.4011

SBI Energy Opportunities Fund Returns vs Nifty Energy TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−4.33%	−8.56%	−9.69%	−6.54%	--	--	--
This fund (Regular)	−4.41%	−8.78%	−10.12%	−7.44%	--	--	--
Nifty Energy TRI	−4.57%	−8.32%	−13.74%	−2.82%	+10.70%	+10.19%	+15.48%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	192/235	214/232	221/232	140/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

SBI Energy Opportunities Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Energy TRI
2026to date	−5.57%	−6.32%	−0.05%
2025	+5.90%	+4.83%	+1.84%

SBI Energy Opportunities Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 415 periods, one for each trading day from 03-03-2025 to 30-10-2026.

−30%−20%−10%0%10%20%30%

Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026

SBI Energy Opportunities Fund (Direct)Nifty Energy TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	415	2.2%	−13.9%	29.1%	42%	−0.2%	61%
2 years	164	0.4%	−5.5%	7.1%	45%	−3.2%	100%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	20	5.6%	−33.6%	17.0%	35%	2.4%	60%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Energy TRI over the same days. Past returns do not promise future returns.

SBI Energy Opportunities Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	SBI Energy Opportunities Fund (Direct)This fund	Nifty Energy TRI
Return (CAGR)	−6.54%	−2.82%
Standard deviation	15.45%	16.28%
Sharpe ratio	-0.76	-0.50
Sortino ratio	-1.02	-0.68
Maximum drawdown	−12.4% (23-10-2026)	−16.4% (23-10-2026)
Beta	0.86	1.00
Alpha	−4.83%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	SBI Energy Opportunities Fund (Direct)This fund	Nifty Energy TRI
Return (CAGR)	+1.14%	−3.52%
Standard deviation	17.92%	19.77%
Sharpe ratio	-0.27	-0.48
Sortino ratio	-0.34	-0.62
Maximum drawdown	−28.0% (03-03-2025)	−32.4% (03-03-2025)
Beta	0.85	1.00
Alpha	+3.25%	0.00%

From daily NAVs, 01-03-2024 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−40%−30%−20%−10%0%

20252026

SBI Energy Opportunities Fund (Direct)Nifty Energy TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
SBI Energy Opportunities Fund (Direct)	−28.0%	27-09-2024	03-03-2025	Not yet	--	−14.3%
Nifty Energy TRI	−32.4%	01-08-2024	03-03-2025	Not yet	--	−19.7%

From the Direct plan's daily NAV since 01-03-2024, adjusted for unit splits, and Nifty Energy TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

SBI Energy Opportunities Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
SBI Energy Opportunities Fund	140/215	7,966	0.92%	−6.54%	--	--	--	--	--

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

SBI Energy Opportunities Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.71%	0.02%	0.00%	0.19%	0.92%	1.18%	34/235
Regular	1.53%	0.02%	0.00%	0.32%	1.87%	2.41%	10/235

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−7.44%	−6.54%	0.90%	₹92,560	₹93,460

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

SBI Energy Opportunities Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 01-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planSBI Energy Opportunities Fund (Direct)	₹3,20,000	₹3,09,490	−₹10,510	−2.4%
Regular planSBI Energy Opportunities Fund (Regular)	₹3,20,000	₹3,05,260	−₹14,740	−3.4%
Nifty Energy TRI	₹3,20,000	₹3,04,910	−₹15,090	−3.5%
Category averageCategory average, 235 Thematic funds	₹3,20,000	₹3,34,925	₹14,925	3.4%

₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L

20252026

Direct planSBI Energy Opportunities Fund (Direct)Regular planSBI Energy Opportunities Fund (Regular)Nifty Energy TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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.

SBI Energy Opportunities Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

97.4%Equity

Asset	Fund	Category
Equity	97.4%	94.5%
Cash and others	2.5%	4.0%
Debt	0.1%	1.5%

Market cap of stocks

Market cap	Fund	Category
Large Cap	43.7%	45.7%
Mid Cap	21.6%	19.6%
Small Cap	28.1%	24.1%
Not on AMFI's list	4.1%	2.3%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

SBI Energy Opportunities Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Gas21.5%
Petroleum Products21.2%
Power16.6%
Oil8.1%
Electrical Equipment7.1%
Construction5.5%
Industrial Products3.8%
Finance3.4%
Industrial Manufacturing3.2%
Cement & Cement Products2.6%

The ten largest of 14 sectors. The other 4 add up to 4.5%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Gas	21.2%	21.5%	21.5%	+0.3%
Petroleum Products	19.5%	20.3%	21.2%	+1.7%
Power	17.3%	16.5%	16.6%	−0.7%
Oil	7.2%	7.2%	8.1%	+0.9%
Electrical Equipment	7.3%	7.3%	7.1%	−0.2%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

SBI Energy Opportunities Fund Portfolio Holdings

As on 30-09-2026 · 39 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
Reliance Industries Ltd.	Petroleum Products	8.86%	0.0%
GAIL (India) Ltd.	Gas	8.01%	0.0%
Oil & Natural Gas Corporation Ltd.	Oil	7.74%	+12.3%
Gujarat Energy Ltd.	Gas	5.61%	0.0%
Kalpataru Projects International Ltd.	Construction	5.07%	−13.8%
Petronet LNG Ltd.	Gas	4.72%	0.0%
Bharat Petroleum Corporation Ltd.	Petroleum Products	4.63%	0.0%
NTPC Ltd.	Power	4.56%	0.0%
Savita Oil Technologies Ltd.	Petroleum Products	3.85%	0.0%
JSW Energy Ltd.	Power	3.77%	0.0%
Thermax Ltd.	Electrical Equipment	3.76%	0.0%
Torrent Power Ltd.	Power	3.57%	0.0%
Honeywell Automation India Ltd.	Industrial Manufacturing	3.16%	0.0%
Indian Oil Corporation Ltd.	Petroleum Products	2.99%	0.0%
HEG Graphite Ltd.	Industrial Products	2.73%	New
CESC Ltd.	Power	2.04%	0.0%
Indraprastha Gas Ltd.	Gas	2.04%	0.0%
Powerica Ltd.	Electrical Equipment	1.81%	0.0%
Power Finance Corporation Ltd.	Finance	1.74%	0.0%
REC Ltd.	Finance	1.62%	0.0%
Siemens Ltd.	Electrical Equipment	1.56%	0.0%
NHPC Ltd.	Power	1.44%	0.0%
Adani Enterprises Ltd.	Metals & Minerals Trading	1.37%	−44.4%
Tube Investments of India Ltd.	Auto Components	1.35%	0.0%
Shree Cement Ltd.	Cement & Cement Products	1.26%	New
Ultratech Cement Ltd.	Cement & Cement Products	1.24%	New
GSPL Transmission Ltd.	Gas	1.14%	0.0%
Chemplast Sanmar Ltd.	Chemicals & Petrochemicals	1.02%	0.0%
Power Grid Corporation of India Ltd.	Power	0.98%	0.0%
HEG Advanced Materials Ltd.	Industrial Products	0.94%	−34.5%
Castrol India Ltd.	Petroleum Products	0.88%	New
Indian Energy Exchange Ltd.	Capital Markets	0.77%	0.0%
KEC International Ltd.	Construction	0.43%	0.0%
Vedanta Oil and Gas Ltd.	Oil	0.28%	0.0%
Juniper Green Energy Ltd.	Power	0.23%	−50.0%
Nuvoco Vistas Corporation Ltd.	Cement & Cement Products	0.09%	New
CMR Green Technologies Ltd.	Industrial Products	0.09%	+28.1%
Oil India Ltd.	Oil	0.07%	0.0%
364 DAY T-BILL 19.11.26 · Treasury bill	Sovereign	0.06%

SBI Energy Opportunities Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Oil & Natural Gas Corporation Ltd.	Added	+12.3%	7.74%
Kalpataru Projects International Ltd.	Reduced	−13.8%	5.07%
HEG Advanced Materials Ltd.	Reduced	−34.5%	0.94%
HEG Graphite Ltd.	New	New	2.73%
Adani Enterprises Ltd.	Reduced	−44.4%	1.37%
Graphite India Ltd.	Sold out	−100%	was 2.05%
Shree Cement Ltd.	New	New	1.26%
Ultratech Cement Ltd.	New	New	1.24%
Castrol India Ltd.	New	New	0.88%
Juniper Green Energy Ltd.	Reduced	−50.0%	0.23%
CMR Green Technologies Ltd.	Added	+28.1%	0.09%
Nuvoco Vistas Corporation Ltd.	New	New	0.09%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What SBI Energy Opportunities Fund bought and sold

SBI Energy Opportunities Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Kotak Energy Opportunities FundThematic · Kotak Mahindra	42.9%	15	Compare
Axis Nifty Energy Index FundIndex · Axis	40.8%	17	Compare
Mirae Asset Nifty Energy ETFETF · Mirae Asset	40.8%	17	Compare
Motilal Oswal Nifty Energy ETFETF · Motilal Oswal	40.8%	17	Compare
Axis Nifty Energy ETFETF · Axis	40.8%	17	Compare
ICICI Prudential Energy Opportunities FundThematic · ICICI Prudential	39.5%	25	Compare
ICICI Prudential Nifty Oil & Gas ETFETF · ICICI Prudential	38.4%	9	Compare
Motilal Oswal Nifty Oil & Gas ETFETF · Motilal Oswal	38.3%	9	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

SBI Energy Opportunities Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.92%
Expense ratio (Regular): 1.87%
Category: Thematic
Risk: Very High
Benchmark: Nifty Energy TRI
Launch date: 26-02-2024
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹7,965.95 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 152417
ISIN (Direct): INF200KB1126
Scheme code (Regular): 152418
ISIN (Regular): INF200KB1092
NAV history: From 01-03-2024, 2.7 years

Exit load: Exit load of 1%, if redeemed within 30 days.

Tax on SBI Energy Opportunities Fund returns

SBI Energy Opportunities Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹10.4011	30-10-2026
direct	IDCW	₹10.4009	30-10-2026
regular	Growth	₹10.1094	30-10-2026
regular	IDCW	₹10.1097	30-10-2026

About SBI Energy Opportunities Fund

SBI Energy Opportunities Fund is a mutual fund from SBI Mutual Fund. Its category is Thematic. It was launched on 26-02-2024. Its benchmark is Nifty Energy TRI. At the end of September 2026 it held 39 securities.

Fund Manager

Raj Gandhi
Fund manager of SBI Energy Opportunities Fund, since 26-02-2024

See all funds of SBI Mutual Fund

AUM change

September 2026: ₹7,965.95 Cr; −4.33% from August 2026
August 2026: ₹8,326.23 Cr; −3.71% from July 2026
July 2026: ₹8,646.60 Cr; −0.75% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare SBI Energy Opportunities Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

SBI Energy Opportunities vs Nippon India Taiwan EquityThematic
SBI Energy Opportunities vs HDFC DefenceThematic
SBI Energy Opportunities vs HDFC Pharma and HealthcareThematic
SBI Energy Opportunities vs SBI Healthcare OpportunitiesThematic
SBI Energy Opportunities vs Aditya Birla Sun Life International EquityThematic
SBI Energy Opportunities vs Kotak Energy Opportunities42.9% overlap
SBI Energy Opportunities vs Axis Nifty Energy Index40.8% overlap
SBI Energy Opportunities vs Mirae Asset Nifty Energy ETF40.8% overlap

Compare with any other fund

Frequently Asked Questions for SBI Energy Opportunities Fund

What is the current NAV of SBI Energy Opportunities Fund?

The Direct plan NAV is ₹10.4011. The Regular plan NAV is ₹10.1094, as on 30-10-2026.

What are the returns of SBI Energy Opportunities Fund?

The Direct plan returned −6.54% in 1 year. The Regular plan returned −7.44% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of SBI Energy Opportunities Fund?

The Direct plan charges 0.92% a year. The Regular plan charges 1.87% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of SBI Energy Opportunities Fund?

SBI Energy Opportunities Fund managed ₹7,965.95 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of SBI Energy Opportunities Fund?

At the end of September 2026 the largest holdings were RELIANCE (8.86%), GAIL (8.01%), ONGC (7.74%), GUJENERGY (5.61%), KPIL (5.07%). The fund held 39 securities in all.

What did SBI Energy Opportunities Fund buy and sell in September 2026?

It bought 5 new stocks: Shree Cement Ltd, HEG Graphite Ltd, Nuvoco Vistas Corporation Ltd, Castrol India Ltd, Ultratech Cement Ltd. It sold out of 1: Graphite India Ltd. It added shares in 2. It reduced 4.

How do I invest in SBI Energy Opportunities Fund?

Through SBI Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of SBI Energy Opportunities Fund?

Raj Gandhi (since 26-02-2024).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.