ReviewDirect · GrowthPrefer peers first
DSP Natural Resources And New Energy Fund
DSP Mutual FundEquity Schemes - Thematic Fund13.8 years
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.
- NAV
- 114.329
- 28 Oct 2026
- 1Y
- +7.0%
- Trailing CAGR
- AUM
- ₹2,528.45 Cr
- 30 Sept 2026
- Volatility
- High
- 19.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer HDFC Defence Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.00% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -48.0%. Ask whether you can hold through a similar fall.
Vs category
Pass
74% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Rohit Singhania · 13.8 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 68.6% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 48%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+7.0%
- 3Y+18.8%
- 5Y+14.5%
- 10Y+15.9%
- SI+16.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-4.7%
- 3Y+9.0%
- 5Y+15.1%
- 10Y+16.9%
- Since inception
- +16.7%
- Calendar-day CAGR
- Excess 1Y
- +12.0%
- Category median, same plan and option
- 3Y win rate
- +74%
- Windows beating the median
- 3Y percentile
- 79
- Vs comparable share classes
- SIP 3Y XIRR
- +9.0%
- Simulated monthly SIP
- Worst rolling 3Y
- -12.9%
- 2596 daily-ending windows
- Median rolling 3Y
- +21.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2113 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -48.0%
- Worst peak-to-trough
- Current
- -9.6%
- Below last peak
- Current spell
- 183 days
- Days below latest peak
- Time below peak
- +91%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 19 days
- 121 recovered episodes
- Longest recovery
- 287 days
- Trough to prior peak
12 Jan 2018 – 4 Jan 2021
Trough 23 Mar 2020 · recovered in 287 days
-48.0%
7 Jan 2013 – 31 Mar 2014
Trough 6 Aug 2013 · recovered in 237 days
-27.6%
11 Apr 2022 – 18 Jan 2023
Trough 22 Jun 2022 · recovered in 210 days
-24.3%
1 Oct 2024 – 3 Nov 2025
Trough 7 Apr 2025 · recovered in 210 days
-21.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
79
Vs category
100
Consistency
64
Risk-adjusted
56
Drawdown
0
Mean
60
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 74% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 28 holdings · top 10 are 68.6%.
- Top 5
- 39.9%
- Top 10
- 68.6%
- Largest holding
- 9.9%
- Effective holdings
- 17.2
Black Rock Global Funds - World Energy Fund
Unspecified
9.9%
Tata Steel Ltd
Materials
8.4%
Bharat Petroleum Corporation Ltd
Energy & Utilities
7.5%
Reliance Industries Ltd
Energy & Utilities
7.3%
Jindal Steel & Power Ltd
Materials
6.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HDFC Defence Fund
HDFC Mutual Fund
- 1Y
- +14.9%
- 3Y
- +35.1%
- Vol
- 25.0%
- Max DD
- -34.5%
- Sharpe
- 1.17
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
HSBC Financial Services fund
HSBC Mutual Fund
- 1Y
- -2.7%
- 3Y
- n/a
- Vol
- 17.0%
- Max DD
- -14.8%
- Sharpe
- 0.32
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Invesco India Business Cycle Fund
Invesco Mutual Fund
- 1Y
- +6.5%
- 3Y
- n/a
- Vol
- 17.5%
- Max DD
- -16.0%
- Sharpe
- 1.04
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Mahindra Manulife Business Cycle Fund
Mahindra Manulife Mutual Fund
- 1Y
- -4.5%
- 3Y
- +15.8%
- Vol
- 15.7%
- Max DD
- -21.4%
- Sharpe
- 0.55
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
360 ONE QUANT FUND
360 ONE Mutual Fund
- 1Y
- -8.9%
- 3Y
- +13.5%
- Vol
- 16.6%
- Max DD
- -22.4%
- Sharpe
- 0.56
- 3Y win
- +91%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns