DSP Global Clean Energy Overseas Equity Omni FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

DSP Global Clean Energy Overseas Equity Omni FoF Direct Growth Plan is at ₹29.9618 as of 09 September 2026, with an AUM of ₹116 Cr. Its 1-year, 3-year and 5-year returns are 35.96%, 18.89% and 12.44%, respectively, and the fund sits in the High Risk category.

Our view is that this is a theme-driven overseas fund with a narrow portfolio and a strong long-term return record, but with enough short-term movement to suit only investors who can stay patient through volatility. The benchmark has been weaker over the same longer periods, which makes the fund’s trailing numbers look more resilient on a multi-year view than in the latest few months.

Quick facts

Particular	Details
NAV	₹29.9618 as of 09 Sep 2026
AUM	₹116 Cr
Expense Ratio	1.74%
Launch Date	02 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	No exit load
Fund Managers	Kaivalya Nadkarni

The fund is managed by Kaivalya Nadkarni.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.58%	-4.69%
3M	-4.24%	0.93%
1Y	35.96%	-7.16%
3Y	18.89%	6%
5Y	12.44%	5.87%

The recent picture is mixed. The fund has fallen over both 1 month and 3 months, so it has not been moving in a straight line even though the 1-year number is strong. That combination tells us the last few months have been choppy rather than steadily upward.

Over longer periods, the picture is more constructive. The 3-year return stays comfortably ahead of the benchmark, and the 5-year return also remains above it. That suggests the fund has done a better job of compounding than the benchmark across a full market cycle, even if the path has not been smooth.

The 1-year figure is much stronger than the 3-year and 5-year averages, which usually means the recent year has been unusually supportive for the theme. We would read that as evidence of momentum, not as proof that the same pace can continue. For a clean-energy overseas portfolio, the short-term swings are part of the experience.

Against the benchmark, the fund is ahead over 1 year, 3 years and 5 years, but the advantage is not uniform across every period. The latest negative 3-month return while the benchmark was positive shows that near-term leadership can change quickly. That matters for investors who may otherwise anchor on the strong annual number and overlook the more uneven recent path.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD DSP Global Clean Energy Overseas Equity Omni FoF?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
DSP Global Clean Energy Overseas Equity Omni FoF Direct Growth Plan	35.96%	18.89%	12.44%
Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan	55.7%	29.52%	11.97%
HSBC Global Emerging Markets Fund Direct Growth Plan	52.99%	29.63%	12.76%
Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan	46%	27.35%	12.66%
HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan	39.66%	28.4%	15.47%
HSBC Brazil Fund Direct Growth Plan	36.09%	16.75%	9.97%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On 1-year return, this fund trails several peers that have posted stronger recent gains, especially the two emerging-markets offshore funds. That said, it still sits close to the Brazil fund on the latest annual figure and remains ahead of the benchmark over the same horizon.

The longer-term picture is more balanced. Its 3-year return is below the best peer figures available here, while its 5-year return is ahead of some peers and behind others. So the fund looks less dominant on recent momentum than on its broader multi-year compounding pattern.

In short, the short-term and longer-term comparison tell different stories. The latest year points to softer peer-relative momentum, while the 3-year and 5-year numbers show that the fund has still compounded reasonably well in a difficult theme. That is useful context for investors who care more about consistency across cycles than about one strong calendar year.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Blackrock Global Funds – Sustainable Energy Fund ^^	Overseas Mutual Fund Units	90.29%
Net Receivables/Payables	Cash & Cash Equivalents and Net Assets	5.17%
TREPS / Reverse Repo Investments	Cash & Cash Equivalents and Net Assets	4.54%

The portfolio is extremely compact, with one overseas fund making up 90.29% of the holdings shown. That means the fund’s outcome is likely to be shaped most by the underlying Blackrock sustainable energy exposure, while the cash and receivables lines mainly act as supporting positions.

The drop from the largest holding to the other disclosed positions is steep. After 90.29%, the next two lines are 5.17% and 4.54%, so there is very little breadth in the disclosed portfolio. In practical terms, that kind of structure may make the fund more responsive to the fortunes of a single underlying strategy.

Because the disclosed holdings total only three lines and together account for the full 100%, the portfolio is highly concentrated rather than spread across a long tail. That concentration could help the theme express itself clearly, but it also means there is limited diversification within the visible portfolio.

Source data date: as of 09 Sep 2026

Who should invest

This fund suits investors who can accept High Risk and stay invested for multiple years. The 1-year number is strong, but the weaker 1-month and 3-month returns show that short-term swings are part of the journey, so a short holding period would not fit the pattern well.

It is a better match for someone comfortable with overseas thematic exposure and the possibility that performance may move differently from the benchmark in the near term. The main trade-off is concentration: the portfolio is dominated by one underlying fund, so the investment case depends heavily on that theme continuing to work over time.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: No exit load.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of DSP Global Clean Energy Overseas Equity Omni FoF Direct Growth Plan?

The current NAV is ₹29.9618 as of 09 September 2026.

How have the fund’s recent and long-term returns looked?

The fund’s 1-year, 3-year and 5-year returns are 35.96%, 18.89% and 12.44%. The 1-month and 3-month returns are -3.58% and -4.24%, so the short-term path has been choppier than the longer-term track.

How does it compare with the benchmark?

It has outpaced the benchmark over 1 year, 3 years and 5 years. The benchmark returns for those periods are -7.16%, 6% and 5.87%, while the fund’s figures are higher on each of those horizons.

How does it compare with peer funds on returns?

Several peers have stronger 1-year returns, and some also have higher 3-year numbers. On 5-year returns, this fund sits between peers that are slightly lower and peers that are higher, so the longer-term picture is more mixed than the benchmark comparison.

Is there a minimum SIP amount?

No SIP is allowed for this scheme at present, so there is no minimum SIP amount to note.

Who manages the fund and what is the exit load?

The fund is managed by Kaivalya Nadkarni. The exit load is nil, so there is no exit charge on sale.

Bottom line

This fund’s recent and longer-term stories are not identical: the latest year is strong, but the last few months have been weaker and more uneven. Against the benchmark, it has stayed ahead over 1 year, 3 years and 5 years, while peer comparison shows a more mixed picture on recent momentum. The portfolio is highly concentrated, with one overseas fund dominating the disclosed holdings, which can sharpen the theme exposure but also increase dependence on that single idea. It is best suited to investors who can handle High Risk and a lumpy return path over a longer horizon.

Published on 10 September 2026 at 4:30 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.