HDFC Housing Opportunities Fund vs ICICI Prudential Housing Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Housing Opportunities Fund is a Thematic fund and ICICI Prudential Housing Opportunities Fund is a Thematic fund. In the 3 years to 30-10-2026, HDFC Housing Opportunities Fund (Direct) returned 7.5% a year and ICICI Prudential Housing Opportunities Fund (Direct) returned 10.3% a year. HDFC Housing Opportunities Fund charges 1.42% a year and ICICI Prudential Housing Opportunities Fund 1.22% (Direct plans). Their portfolios overlap 50.0%: they hold 21 of the same securities.
HDFC Housing Opportunities Fund
Thematic
- 3 year return
- 7.5%
- Expense ratio
- 1.42%
- NAV
- ₹21.76
ICICI Prudential Housing Opportunities Fund
Thematic
- 3 year return
- 10.3%
- Expense ratio
- 1.22%
- NAV
- ₹16.96
Which is better, HDFC Housing Opportunities or ICICI Prudential 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.
- ICICI Prudential Housing Opportunities returned more over 3 years: 10.3% a year against 7.5%.
- ICICI Prudential Housing Opportunities returned more over 1 year: −9.4% against −12.9%.
- ICICI Prudential Housing Opportunities costs less: 1.22% a year against 1.42% (Direct plans).
- ICICI Prudential Housing Opportunities swung less over 3 years: a standard deviation of 14.1% a year against 16.7%.
- ICICI Prudential Housing Opportunities fell less in its worst fall since 19-04-2022: −16.7% against −23.1%.
- ICICI Prudential Housing Opportunities is the larger fund: ₹2,631 Cr against ₹1,100 Cr.
- Their portfolios overlap 50.0%: 21 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 | HDFC Housing Opportunities Fund | ICICI Prudential Housing Opportunities Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,100 Cr (30-09-2026) | ₹2,631 Cr (30-09-2026) |
| NAV | ₹21.76 (Direct) | ₹16.96 (Direct) |
| Expense ratio (Direct) | 1.42% | 1.22% |
| Expense ratio (Regular) | 2.27% | 2.07% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Housing TRI | Nifty Housing TRI |
| Launch date | 06-12-2017 | 18-04-2022 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar | Sanket Gaidhani |
| Exit load | 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. | 1 % of applicable Net Asset Value If the amount sought to be redeemed or switch out within 1 months from allotment. Nil If the amount sought to be redeemed or switched out more than 1 months. |
HDFC Housing Opportunities vs ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| HDFC Housing Opportunities Fund (Direct) | −2.87% | −7.16% | −7.79% | −12.92% | +7.49% | +9.67% | -- |
| ICICI Prudential Housing Opportunities Fund (Direct) | −2.25% | −7.17% | −5.88% | −9.45% | +10.33% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC Housing Opportunities vs ICICI Prudential Housing Opportunities: Year-wise Returns
| Year | HDFCHDFC Housing Opportunities | ICICI PrudentialICICI Prudential Housing Opportunities | Nifty Housing TRI |
|---|---|---|---|
| 2026to date | −10.29% | −6.97% | −5.09% |
| 2025 | +0.85% | +7.17% | +7.46% |
| 2024 | +15.16% | +16.35% | +8.38% |
| 2023 | +40.56% | +32.43% | +25.09% |
| 2022 | +14.27% | -- | -- |
| 2021 | +31.24% | -- | -- |
HDFC Housing Opportunities vs ICICI Prudential Housing Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Housing TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 378 of them, one for each trading day from 21-04-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
HDFC Housing Opportunities Fund (Direct)
ICICI Prudential Housing Opportunities Fund (Direct)
Nifty Housing TRI
to
Jun 2025Sept 2022
to
Sept 2025Dec 2022
to
Dec 2025Mar 2023
to
Mar 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Housing Opportunities | 0.0 | 0.0 | 9.0 | 16.4 | 37.6 | 27.2 | 9.8 | 18.0% | 18.1% | 6.7% | 28.3% | 80% |
| ICICI Prudential Housing Opportunities | 0.0 | 0.0 | 3.4 | 18.5 | 58.5 | 19.6 | 0.0 | 17.5% | 18.0% | 9.2% | 24.3% | 100% |
| Nifty Housing TRI | 0.0 | 0.0 | 8.2 | 53.7 | 34.1 | 4.0 | 0.0 | 14.5% | 14.2% | 7.8% | 21.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Housing TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 19-04-2022. Past returns do not promise future returns.
HDFC Housing Opportunities vs ICICI Prudential Housing Opportunities: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-04-2022 to 30-10-2026: 55 instalments, ₹5,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Housing OpportunitiesHDFC Housing Opportunities Fund (Direct) | ₹5,50,000 | ₹6,27,184 | ₹77,184 | 5.7% |
| ICICI Prudential Housing OpportunitiesICICI Prudential Housing Opportunities Fund (Direct) | ₹5,50,000 | ₹6,56,407 | ₹1,06,407 | 7.7% |
HDFC Housing OpportunitiesHDFC Housing Opportunities Fund (Direct)
ICICI Prudential Housing OpportunitiesICICI Prudential Housing Opportunities Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
HDFC Housing Opportunities vs ICICI Prudential Housing Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Housing Opportunities Fund (Direct) | ICICI Prudential Housing Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −12.92% | −9.45% |
| Standard deviation | 15.96% | 14.93% |
| Sharpe ratio | -1.14 | -0.98 |
| Sortino ratio | -1.50 | -1.32 |
| Maximum drawdown | −15.7% (30-03-2026) | −13.3% (23-03-2026) |
| Beta | 0.92 | 0.86 |
| Alpha | −6.91% | −4.12% |
From daily NAVs, 30-10-2025 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.
| Measure | HDFC Housing Opportunities Fund (Direct) | ICICI Prudential Housing Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.49% | +10.33% |
| Standard deviation | 16.74% | 14.05% |
| Sharpe ratio | 0.09 | 0.31 |
| Sortino ratio | 0.12 | 0.42 |
| Maximum drawdown | −23.1% (03-03-2025) | −16.7% (28-02-2025) |
| Beta | 0.94 | 0.80 |
| Alpha | −2.24% | +1.14% |
From daily NAVs, 30-10-2023 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.
| Measure | HDFC Housing Opportunities Fund (Direct) | ICICI Prudential Housing Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.11% | +12.44% |
| Standard deviation | 17.74% | 12.48% |
| Sharpe ratio | 0.21 | 0.51 |
| Sortino ratio | 0.29 | 0.70 |
| Maximum drawdown | −42.2% (24-03-2020) | −16.7% (28-02-2025) |
| Beta | -- | 0.73 |
| Alpha | -- | +4.28% |
From daily NAVs, 07-12-2017 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.
HDFC Housing Opportunities Fund (Direct)
ICICI Prudential Housing Opportunities Fund (Direct)
Nifty Housing TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Housing Opportunities Fund (Direct) | −23.1% | 27-09-2024 | 03-03-2025 | Not yet | -- | −17.7% |
| ICICI Prudential Housing Opportunities Fund (Direct) | −16.7% | 26-09-2024 | 28-02-2025 | 16-10-2025 | 8 months | −9.6% |
| Nifty Housing TRI | −19.9% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.1% |
From daily values since 19-04-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Housing Opportunities Fund (Direct)
ICICI Prudential Housing Opportunities Fund (Direct)
Nifty Housing TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Housing Opportunities Fund (Direct)
ICICI Prudential Housing Opportunities Fund (Direct)
Nifty Housing TRI
Against Nifty Housing TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Housing Opportunities Fund (Direct) | 96% | 80% | 6.60% |
| ICICI Prudential Housing Opportunities Fund (Direct) | 83% | 60% | 7.60% |
From month-end values since 19-04-2022. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
HDFC Housing Opportunities vs ICICI Prudential Housing Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Housing Opportunities Fund, September 2026; ICICI Prudential Housing Opportunities Fund, September 2026
Holdings in common
- Overlap
- 50.0%
- Held by both
- 21
- Only in HDFC Housing Opportunities
- 17
- Only in ICICI Prudential Housing Opportunities
- 38
| Security | % of HDFC Housing Opportunities | % of ICICI Prudential Housing Opportunities |
|---|---|---|
| NTPC Limited | 7.33% | 7.08% |
| HDFC Bank Ltd. | 8.05% | 6.52% |
| ICICI Bank Ltd. | 8.11% | 6.31% |
| Larsen and Toubro Ltd. | 8.54% | 4.72% |
| Tata Steel Ltd. | 4.69% | 6.04% |
| UltraTech Cement Limited | 4.98% | 3.82% |
| State Bank of India | 5.06% | 2.93% |
| Asian Paints Limited | 1.97% | 5.32% |
| Axis Bank Ltd. | 3.34% | 1.97% |
| Havells India Ltd. | 1.62% | 2.06% |
| Ambuja Cements Ltd. | 5.32% | 1.44% |
| Brigade Enterprises Limited. | 1.41% | 2.64% |
| Kalpataru Projects International Ltd | 5.01% | 1.18% |
| CanFin Homes Ltd. | 0.98% | 1.00% |
| Kotak Mahindra Bank Limited | 2.27% | 0.76% |
| Orient Electric Ltd | 0.75% | 1.79% |
| Bajaj Electricals Ltd. | 0.51% | 0.56% |
| JSW Dulux Limited | 2.52% | 0.48% |
| Repco Home Finance Ltd. | 1.68% | 0.42% |
| Whirlpool of India Ltd. | 1.38% | 0.27% |
| Crompton Greaves Consumer Elec. Ltd. | 1.26% | 0.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.0% means 50.0% 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 HDFC Housing Opportunities Fund
| Security | % of fund |
|---|---|
| Prestige Estates Projects Ltd. | 4.38% |
| Electronics Mart India Ltd | 3.41% |
| Kolte Patil Developers Limited | 1.93% |
| Hindalco Industries Ltd. | 1.71% |
| Birla Corporation Ltd. | 1.71% |
Largest holdings only in ICICI Prudential Housing Opportunities Fund
| Security | % of fund |
|---|---|
| Oberoi Realty Ltd. | 3.76% |
| Shree Cements Ltd. | 3.65% |
| Blue Star Ltd. | 2.67% |
| JSW Steel Ltd. | 2.25% |
| APL Apollo Tubes Ltd. | 2.19% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Housing Opportunities | ICICI Prudential Housing Opportunities |
|---|---|---|
| Equity | 98.5% | 96.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | 3.5% |
Market cap of stocks
| Market cap | HDFC Housing Opportunities | ICICI Prudential Housing Opportunities |
|---|---|---|
| Large Cap | 62.9% | 54.2% |
| Mid Cap | 9.1% | 21.1% |
| Small Cap | 25.3% | 20.3% |
| Not on AMFI's list | 1.3% | 0.9% |
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 | HDFC Housing Opportunities | ICICI Prudential Housing Opportunities |
|---|---|---|
| Banks | 28.1% | 19.1% |
| Consumer Durables | 12.1% | 16.3% |
| Realty | 9.1% | 14.3% |
| Construction | 14.0% | 6.9% |
| Cement & Cement Products | 12.2% | 9.8% |
| Power | 7.3% | 9.7% |
| Ferrous Metals | 4.7% | 9.5% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Housing Opportunities vs ICICI Prudential Housing Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Housing Opportunities Fund | ICICI Prudential Housing Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.42% | 1.22% |
| Base expense ratio (Direct) | 1.17% | 0.95% |
| Total expense ratio (Regular) | 2.27% | 2.07% |
| Base expense ratio (Regular) | 1.91% | 1.70% |
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
Compare ICICI Prudential Housing Opportunities with
- ICICI Prudential Housing Opportunities vs Nippon India Taiwan Equity
- ICICI Prudential Housing Opportunities vs HDFC Defence
- ICICI Prudential Housing Opportunities vs HDFC Pharma and Healthcare
- ICICI Prudential Housing Opportunities vs SBI Healthcare Opportunities
- ICICI Prudential Housing Opportunities vs Aditya Birla Sun Life International Equity
HDFC Housing Opportunities Fund vs ICICI Prudential Housing Opportunities Fund: Frequently Asked Questions
What is the difference between HDFC Housing Opportunities Fund and ICICI Prudential Housing Opportunities Fund?
HDFC Housing Opportunities Fund is a Thematic fund, ICICI Prudential Housing Opportunities Fund is a Thematic fund, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 50.0%. HDFC Housing Opportunities Fund charges 1.42% a year and ICICI Prudential Housing Opportunities Fund 1.22%.
Which has given higher returns, HDFC Housing Opportunities Fund or ICICI Prudential Housing Opportunities Fund?
Over 1 year: HDFC Housing Opportunities Fund −12.92%, ICICI Prudential Housing Opportunities Fund −9.45%. Over 3 years: HDFC Housing Opportunities Fund +7.49% a year, ICICI Prudential Housing Opportunities Fund +10.33% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Housing Opportunities Fund or ICICI Prudential Housing Opportunities Fund?
ICICI Prudential Housing Opportunities Fund charges less: 1.22% a year against 1.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Housing Opportunities Fund and ICICI Prudential Housing Opportunities Fund overlap?
50.0%. They hold 21 of the same securities, the largest shared ones being NTPC, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC Housing Opportunities Fund or ICICI Prudential Housing Opportunities Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,50,621 in HDFC Housing Opportunities Fund (XIRR -3.4% a year) and ₹3,75,319 in ICICI Prudential Housing Opportunities Fund (XIRR 0.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Housing Opportunities Fund and ICICI Prudential Housing Opportunities Fund?
Yes. 50.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Housing Opportunities Fund and ICICI Prudential Housing Opportunities Fund?
HDFC Housing Opportunities Fund: Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar. ICICI Prudential Housing Opportunities Fund: Sanket Gaidhani.
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.