Groww Nifty Cements ETF vs HDFC Housing Opportunities Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty Cements ETF is an ETF fund and HDFC Housing Opportunities Fund is a Thematic fund. Groww Nifty Cements ETF charges 1.12% a year and HDFC Housing Opportunities Fund 1.42%. Their portfolios overlap 12.0%: they hold 4 of the same securities.
HDFC Housing Opportunities Fund
Thematic
- Expense ratio
- 1.42%
- NAV
- ₹21.76
Which is better, Groww Nifty Cements ETF or HDFC Housing Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Nifty Cements ETF costs less: 1.12% a year against 1.42%.
- HDFC Housing Opportunities fell less in its worst fall since 27-07-2026: −10.2% against −15.6%.
- HDFC Housing Opportunities holds more in large companies: 62.9% of the fund in large caps against 44.3%.
- HDFC Housing Opportunities is the larger fund: ₹1,100 Cr against ₹9 Cr.
- Their portfolios overlap 12.0%: 4 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Groww Nifty Cements ETF | HDFC Housing Opportunities Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | HDFC Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹9 Cr (30-09-2026) | ₹1,100 Cr (30-09-2026) |
| NAV | ₹13.19 | ₹21.76 (Direct) |
| Expense ratio (Direct) | Not available | 1.42% |
| Expense ratio (Regular) | Not available | 2.27% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Cement TRI | Nifty Housing TRI |
| Launch date | 24-07-2026 | 06-12-2017 |
| Minimum investment | 1 Unit | ₹100 |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar |
| Exit load | Nil | In respect of each purchase/switch in of units- an Exit load of 1% is payable if units are redeemed/switched out within 30 days from the date of allotment. No Exit Load is payable if units are redeemed/switched-out after 30 days from the date of allotment. |
Groww Nifty Cements ETF vs HDFC Housing Opportunities: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Groww Nifty Cements ETF | −4.85% | −13.62% | -- | -- | -- | -- | -- |
| HDFC Housing Opportunities Fund (Direct) | −2.87% | −7.16% | −7.79% | −12.92% | +7.49% | +9.67% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Groww Nifty Cements ETF vs HDFC Housing Opportunities: Year-wise Returns
| Year | Groww Nifty Cements ETFGroww Nifty Cements ETF | HDFC Housing OpportunitiesHDFC Housing Opportunities |
|---|---|---|
| 2026to date | -- | −10.29% |
| 2025 | -- | +0.85% |
| 2024 | -- | +15.16% |
| 2023 | -- | +40.56% |
| 2022 | -- | +14.27% |
| 2021 | -- | +31.24% |
Groww Nifty Cements ETF vs HDFC Housing Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Cement TRI, the benchmark of Groww Nifty Cements ETF
Groww Nifty Cements ETF vs HDFC Housing Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty Cements ETF | HDFC Housing Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −44.27% | +9.11% |
| Standard deviation | 17.17% | 17.74% |
| Sharpe ratio | -2.88 | 0.21 |
| Sortino ratio | -3.56 | 0.29 |
| Maximum drawdown | −15.6% (08-10-2026) | −42.2% (24-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.36% | -- |
From daily NAVs, 27-07-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Groww Nifty Cements ETF
HDFC Housing Opportunities Fund (Direct)
Nifty Cement TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty Cements ETF | −15.6% | 03-08-2026 | 08-10-2026 | Not yet | -- | −15.5% |
| HDFC Housing Opportunities Fund (Direct) | −10.2% | 12-08-2026 | 23-10-2026 | Not yet | -- | −9.1% |
| Nifty Cement TRI | −15.5% | 03-08-2026 | 08-10-2026 | Not yet | -- | −15.4% |
From daily values since 27-07-2026, the first day every fund has.
Groww Nifty Cements ETF vs HDFC Housing Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Cements ETF, September 2026; HDFC Housing Opportunities Fund, September 2026
Holdings in common
- Overlap
- 12.0%
- Held by both
- 4
- Only in Groww Nifty Cements ETF
- 8
- Only in HDFC Housing Opportunities
- 34
| Security | % of Groww Nifty Cements ETF | % of HDFC Housing Opportunities |
|---|---|---|
| Ambuja Cements Limited | 14.73% | 5.32% |
| UltraTech Cement Limited | 14.96% | 4.98% |
| Birla Corporation Limited | 1.51% | 1.71% |
| Grasim Industries Limited | 14.63% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.0% means 12.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Groww Nifty Cements ETF
| Security | % of fund |
|---|---|
| Shree Cement Limited | 15.11% |
| JK Cement Limited | 13.42% |
| Dalmia Bharat Limited | 8.46% |
| The Ramco Cements Limited | 6.75% |
| ACC Limited | 4.56% |
Largest holdings only in HDFC Housing Opportunities Fund
| Security | % of fund |
|---|---|
| Larsen and Toubro Ltd. | 8.54% |
| ICICI Bank Ltd. | 8.11% |
| HDFC Bank Ltd. | 8.05% |
| NTPC Limited | 7.33% |
| State Bank of India | 5.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Cements ETF | HDFC Housing Opportunities |
|---|---|---|
| Equity | 99.9% | 98.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 1.5% |
Market cap of stocks
| Market cap | Groww Nifty Cements ETF | HDFC Housing Opportunities |
|---|---|---|
| Large Cap | 44.3% | 62.9% |
| Mid Cap | 37.0% | 9.1% |
| Small Cap | 18.6% | 25.3% |
| Not on AMFI's list | 0.0% | 1.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Groww Nifty Cements ETF | HDFC Housing Opportunities |
|---|---|---|
| Cement & Cement Products | 99.9% | 12.2% |
| Banks | 0.0% | 28.1% |
| Construction | 0.0% | 14.0% |
| Consumer Durables | 0.0% | 12.1% |
| Realty | 0.0% | 9.1% |
| Power | 0.0% | 7.3% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Cements ETF vs HDFC Housing Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Cements ETF | HDFC Housing Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.42% |
| Base expense ratio (Direct) | 0.40% | 1.17% |
| Total expense ratio (Regular) | Not available | 2.27% |
| Base expense ratio (Regular) | 0.00% | 1.91% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare HDFC Housing Opportunities with
Groww Nifty Cements ETF vs HDFC Housing Opportunities Fund: Frequently Asked Questions
What is the difference between Groww Nifty Cements ETF and HDFC Housing Opportunities Fund?
Groww Nifty Cements ETF is an ETF fund, HDFC Housing Opportunities Fund is a Thematic fund, run by Groww Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 12.0%. Groww Nifty Cements ETF charges 1.12% a year and HDFC Housing Opportunities Fund 1.42%.
Which has the lower expense ratio, Groww Nifty Cements ETF or HDFC Housing Opportunities Fund?
Groww Nifty Cements ETF charges less: 1.12% a year against 1.42%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty Cements ETF and HDFC Housing Opportunities Fund overlap?
12.0%. They hold 4 of the same securities, the largest shared ones being AMBUJACEM, ULTRACEMCO, BIRLACORPN. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Cements ETF or HDFC Housing Opportunities Fund?
On SEBI's riskometer, Groww Nifty Cements ETF is rated Very High and HDFC Housing Opportunities Fund Very High. Over their common history, the standard deviation of daily returns was 17.17% and 17.74% a year.
Can I invest in both Groww Nifty Cements ETF and HDFC Housing Opportunities Fund?
Yes. 12.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Nifty Cements ETF and HDFC Housing Opportunities Fund?
Groww Nifty Cements ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar. HDFC Housing Opportunities Fund: Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.