SBI Energy Opportunities Fund
Direct · GrowthAI Summary
SBI Energy Opportunities Fund delivered a 1Y SIP XIRR of 5.22%, well below the category average of 10.72%, indicating underperformance versus sectoral/thematic peers. However, on a lump-sum basis the fund has consistently beaten the NIFTY 50 across all periods, with a 1Y Fund CAGR of -1.71% versus the benchmark's -10.57% and positive alpha over 3Y (1.50%), 5Y (0.97%), and longer horizons. Calendar year returns have been modest, with 2026 at -4.12%, 2025 at 5.05%, and 2024 at 3.05%.
The fund's 1Y Calmar Ratio of 0.0872 reflects weak risk-adjusted returns relative to its maximum drawdown, and it has experienced 2 drawdown events exceeding 10%. The current maximum drawdown of -0.28% has persisted for 157 days with no recovery yet, suggesting the fund remains in a prolonged trough. With a 1Y beta of 0.85 and downside capture of 79.14%, the fund has historically cushioned market declines better than the index.
The portfolio is concentrated in traditional energy, with Gas (21.5%) and Petroleum Products (20.3%) together accounting for over 41% of NAV, followed by Power at 16.1%. Reliance Industries (9.12%), GAIL (7.98%), and ONGC (6.77%) are the top holdings, and the top 10 positions represent roughly 57% of the 33-stock portfolio. Exposure extends into energy-adjacent areas like construction (Kalpataru Projects) and electrical equipment (Thermax), providing some thematic breadth.
The fund trails its category significantly on SIP XIRR, with a 1Y figure of 5.22% versus the category average of 10.72%, placing it in the lower tier of sectoral/thematic peers. Its consistent positive alpha versus the NIFTY 50 across 3Y to 15Y windows shows relative strength against the broad market, though not against category competitors. Long-term lump-sum CAGRs are thin (3Y at 1.5%, 5Y at 0.9%), reflecting the cyclicality of the energy theme.
This fund suits investors with high risk tolerance who want a tactical, satellite allocation to the energy sector, not a core portfolio holding. A horizon of at least 5-7 years is advisable given the sector's deep and prolonged cycles, as evidenced by muted 3Y-5Y returns. Investors should be comfortable with concentration risk and extended drawdown periods.
- Consistent positive alpha versus NIFTY 50 across 3Y (1.50%), 5Y (0.97%), 7Y (0.74%), 10Y (0.58%), and longer horizons
- Low downside capture of 79.14% over 1Y and beta of 0.85, offering better downside protection than the benchmark
- Low expense ratio of 0.8% for a sectoral/thematic fund, with a diversified 33-stock portfolio
- 1Y SIP XIRR of 5.22% significantly lags the category average of 10.72%, indicating underperformance versus peers
- Heavy concentration in Gas (21.5%) and Petroleum Products (20.3%) exposes investors to commodity price and energy transition risks
- Weak risk-adjusted returns with a 1Y Calmar Ratio of 0.0872 and a max drawdown unresolved after 157 days
Generated on 13-10-2026, 3:08 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.35 L | 3.1% | -37.0% | 19.7% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 3.1% | 14.3% | 10.7% | -11.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 2.4% | 2.3% | -13.9% | 29.1% | -0.50 | -0.50 | 59% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.42 | 0.82 | 87.1% | 76.2% | -1.8% | -11.4% |
| 3 Years | +0.85 | 1.01 | 97.8% | 96.1% | 1.5% | 0.7% |
| 5 Years | +0.53 | 1.01 | 97.8% | 96.1% | 0.9% | 0.4% |
| 7 Years | +0.40 | 1.01 | 97.8% | 96.1% | 0.6% | 0.3% |
| 10 Years | +0.31 | 1.01 | 97.8% | 96.1% | 0.5% | 0.2% |
| 12 Years | +0.26 | 1.01 | 97.8% | 96.1% | 0.4% | 0.2% |
| 15 Years | +0.23 | 1.01 | 97.8% | 96.1% | 0.3% | 0.1% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Reliance Industries Ltd. | 9.12% |
| 2 | GAIL (India) Ltd. | 7.98% |
| 3 | Oil & Natural Gas Corporation Ltd. | 6.77% |
| 4 | Kalpataru Projects International Ltd. | 5.71% |
| 5 | Gujarat Energy Ltd. | 5.59% |
| 6 | Petronet LNG Ltd. | 4.77% |
| 7 | Bharat Petroleum Corporation Ltd. | 4.73% |
| 8 | NTPC Ltd. | 4.42% |
| 9 | HEG Ltd. | 4.21% |
| 10 | Thermax Ltd. | 4.14% |