MUMBAI: A rebound in oil prices has pushed energy and natural resources funds towards the top of the mutual fund rankings. Oil prices have staged a comeback over the past year with WTI crude moving from 34 dollars per barrel to about 66 dollars per barrel. In April 2020, when the first lockdowns went into effect around the world, WTI prices had briefly turned negative. However, oil has rallied with the reopening of major economies around the world along with other commodity stocks such as metals.
DSP Natural Resources and New Energy Fund invests about 22% of its assets in global funds investing in international energy stocks such as Chevron, Total and Royal Dutch Shell. The remaining corpus is largely invested in domestic metal stocks and energy companies.
