Baroda BNP Paribas Mutual Fund has unveiled the Baroda BNP Paribas Energy Opportunities Fund, aimed at seizing growth prospects within India's energy sector. The fund, open for subscription from January 21, 2025, to February 4, 2025, focuses on benefiting investors as India progresses towards becoming a developed economy. With a key objective of allocating at least 80% of assets to equity instruments of companies engaged in traditional and new energy, the fund aligns with India's anticipated GDP and energy sector expansion. The benchmarking against the Nifty Energy TRI indicates strong historical performance compared to the broader market. The CEO of Baroda BNP Paribas Asset Management India, Suresh Soni, highlighted the fund's positioning to unlock profitable opportunities in line with India's growing energy demand. The portfolio strategy encompasses a diverse range of energy sources, from coal and crude oil to solar, wind, and hydrogen, reflecting India's dynamic energy landscape. Noteworthy government initiatives driving the energy sector include plans to increase the share of natural gas, focus on renewable energy capacity bids, and the National Green Hydrogen Mission. The fund's Chief Investment Officer emphasized its suitability for long-term equity investors, emphasizing India's energy transformation and government efforts towards energy security.