HDFC Housing Opportunities Fund vs Mirae Asset BSE Sensex ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Housing Opportunities Fund is a Thematic fund and Mirae Asset BSE Sensex ETF is an ETF fund. In the 3 years to 30-10-2026, HDFC Housing Opportunities Fund (Direct) returned 7.5% a year and Mirae Asset BSE Sensex ETF returned 6.2% a year. HDFC Housing Opportunities Fund charges 1.42% a year and Mirae Asset BSE Sensex ETF 0.12%. Their portfolios overlap 37.8%: they hold 10 of the same securities.
HDFC Housing Opportunities Fund
Thematic
- 3 year return
- 7.5%
- Expense ratio
- 1.42%
- NAV
- ₹21.76
Mirae Asset BSE Sensex ETF
ETF
- 3 year return
- 6.2%
- Expense ratio
- 0.12%
- NAV
- ₹76.94
Which is better, HDFC Housing Opportunities or Mirae Asset BSE Sensex ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Housing Opportunities returned more over 3 years: 7.5% a year against 6.2%.
- Mirae Asset BSE Sensex ETF returned more over 1 year: −11.0% against −12.9%.
- Mirae Asset BSE Sensex ETF costs less: 0.12% a year against 1.42%.
- Mirae Asset BSE Sensex ETF swung less over 3 years: a standard deviation of 13.3% a year against 16.7%.
- Mirae Asset BSE Sensex ETF fell less in its worst fall since 03-10-2023: −16.1% against −23.1%.
- Mirae Asset BSE Sensex ETF holds more in large companies: 100.0% of the fund in large caps against 62.9%.
- HDFC Housing Opportunities is the larger fund: ₹1,100 Cr against ₹42 Cr.
- Their portfolios overlap 37.8%: 10 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 | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Mirae Asset Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹1,100 Cr (30-09-2026) | ₹42 Cr (30-09-2026) |
| NAV | ₹21.76 (Direct) | ₹76.94 |
| Expense ratio (Direct) | 1.42% | Not available |
| Expense ratio (Regular) | 2.27% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Housing TRI | BSE SENSEX TRI |
| Launch date | 06-12-2017 | 29-09-2023 |
| Minimum investment | ₹100 | On exchange in multiple of 1 unit. With AMC: In multiples of 1,00,000 Units |
| Lock in | None | None |
| Fund managers | Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar | Ekta Gala, amp, Ritesh Patel |
| 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. | NIL |
HDFC Housing Opportunities vs Mirae Asset BSE Sensex ETF: 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% | -- |
| Mirae Asset BSE Sensex ETF | +2.77% | −4.29% | −2.43% | −10.98% | +6.23% | -- | -- |
| 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.
HDFC Housing Opportunities vs Mirae Asset BSE Sensex ETF: Year-wise Returns
| Year | HDFC Housing OpportunitiesHDFC Housing Opportunities | Mirae Asset BSE Sensex ETFMirae Asset BSE Sensex ETF |
|---|---|---|
| 2026to date | −10.29% | −11.86% |
| 2025 | +0.85% | +10.30% |
| 2024 | +15.16% | +9.36% |
| 2023 | +40.56% | -- |
| 2022 | +14.27% | -- |
| 2021 | +31.24% | -- |
HDFC Housing Opportunities vs Mirae Asset BSE Sensex ETF: Rolling Returns
Every holding period of both funds, against Nifty Housing TRI, the benchmark of HDFC Housing Opportunities Fund
Rolling returns
Every 1-year holding period, 511 of them, one for each trading day from 03-10-2024 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)
Mirae Asset BSE Sensex ETF
Nifty Housing TRI
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
to
Aug 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 | 55.4 | 18.2 | 9.8 | 2.3 | 3.9 | 1.8 | 8.6 | 3.2% | −0.7% | −13.2% | 46.7% | 16% |
| Mirae Asset BSE Sensex ETF | 31.8 | 17.3 | 29.2 | 11.9 | 2.3 | 4.7 | 2.7 | 4.6% | 5.2% | −12.7% | 27.4% | 50% |
| Nifty Housing TRI | 27.0 | 26.0 | 25.4 | 8.0 | 3.5 | 3.1 | 6.8 | 6.3% | 4.5% | −8.5% | 36.7% | -- |
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 03-10-2023. Past returns do not promise future returns.
HDFC Housing Opportunities vs Mirae Asset BSE Sensex ETF: 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 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Housing OpportunitiesHDFC Housing Opportunities Fund (Direct) | ₹3,70,000 | ₹3,50,621 | −₹19,379 | −3.4% |
| Mirae Asset BSE Sensex ETFMirae Asset BSE Sensex ETF | ₹3,70,000 | ₹3,63,913 | −₹6,087 | −1.0% |
HDFC Housing OpportunitiesHDFC Housing Opportunities Fund (Direct)
Mirae Asset BSE Sensex ETFMirae Asset BSE Sensex ETF
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 Mirae Asset BSE Sensex ETF: 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) | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | −12.92% | −10.98% |
| Standard deviation | 15.96% | 13.99% |
| Sharpe ratio | -1.14 | -1.16 |
| Sortino ratio | -1.50 | -1.55 |
| Maximum drawdown | −15.7% (30-03-2026) | −16.1% (31-03-2026) |
| Beta | 0.92 | 1.00 |
| Alpha | −6.91% | −0.08% |
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) | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | +7.49% | +6.23% |
| Standard deviation | 16.74% | 13.26% |
| Sharpe ratio | 0.09 | 0.02 |
| Sortino ratio | 0.12 | 0.02 |
| Maximum drawdown | −23.1% (03-03-2025) | −16.1% (31-03-2026) |
| Beta | 0.94 | 1.00 |
| Alpha | −2.24% | −0.09% |
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) | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | +9.11% | +5.37% |
| Standard deviation | 17.74% | 13.21% |
| Sharpe ratio | 0.21 | -0.05 |
| Sortino ratio | 0.29 | -0.07 |
| Maximum drawdown | −42.2% (24-03-2020) | −16.1% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.09% |
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)
Mirae Asset BSE Sensex ETF
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% |
| Mirae Asset BSE Sensex ETF | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| Nifty Housing TRI | −19.9% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.1% |
From daily values since 03-10-2023, 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)
Mirae Asset BSE Sensex ETF
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)
Mirae Asset BSE Sensex ETF
Nifty Housing TRI
Against Nifty Housing TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Housing Opportunities Fund (Direct) | 95% | 106% | 5.58% |
| Mirae Asset BSE Sensex ETF | 68% | 71% | 8.76% |
From month-end values since 03-10-2023. 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 Mirae Asset BSE Sensex ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Housing Opportunities Fund, September 2026; Mirae Asset BSE Sensex ETF, September 2026
Holdings in common
- Overlap
- 37.8%
- Held by both
- 10
- Only in HDFC Housing Opportunities
- 28
- Only in Mirae Asset BSE Sensex ETF
- 20
| Security | % of HDFC Housing Opportunities | % of Mirae Asset BSE Sensex ETF |
|---|---|---|
| ICICI Bank Ltd. | 8.11% | 11.03% |
| HDFC Bank Ltd. | 8.05% | 12.59% |
| Larsen and Toubro Ltd. | 8.54% | 5.11% |
| State Bank of India | 5.06% | 4.64% |
| Axis Bank Ltd. | 3.34% | 4.08% |
| Kotak Mahindra Bank Limited | 2.27% | 3.57% |
| NTPC Limited | 7.33% | 1.78% |
| Tata Steel Ltd. | 4.69% | 1.77% |
| UltraTech Cement Limited | 4.98% | 1.50% |
| Asian Paints Limited | 1.97% | 1.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.8% means 37.8% 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 |
|---|---|
| Ambuja Cements Ltd. | 5.32% |
| Kalpataru Projects International Ltd | 5.01% |
| Prestige Estates Projects Ltd. | 4.38% |
| Electronics Mart India Ltd | 3.41% |
| JSW Dulux Limited | 2.52% |
Largest holdings only in Mirae Asset BSE Sensex ETF
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 9.16% |
| Bharti Airtel Ltd. | 6.38% |
| Infosys Ltd. | 4.08% |
| Mahindra & Mahindra Ltd. | 3.07% |
| Bajaj Finance Ltd. | 2.99% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Housing Opportunities | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Equity | 98.5% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | -0.0% |
Market cap of stocks
| Market cap | HDFC Housing Opportunities | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Large Cap | 62.9% | 100.0% |
| Mid Cap | 9.1% | 0.0% |
| Small Cap | 25.3% | 0.0% |
| Not on AMFI's list | 1.3% | 0.0% |
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 | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Banks | 28.1% | 35.9% |
| Construction | 14.0% | 5.1% |
| Cement & Cement Products | 12.2% | 1.5% |
| Consumer Durables | 12.1% | 3.4% |
| Petroleum Products | 0.0% | 9.2% |
| IT - Software | 0.0% | 9.2% |
| Realty | 9.1% | 0.0% |
| Power | 7.3% | 3.2% |
| Telecom - Services | 0.0% | 6.4% |
| Diversified FMCG | 0.0% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Housing Opportunities vs Mirae Asset BSE Sensex ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Housing Opportunities Fund | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.42% | Not available |
| Base expense ratio (Direct) | 1.17% | 0.00% |
| Total expense ratio (Regular) | 2.27% | Not available |
| Base expense ratio (Regular) | 1.91% | 0.05% |
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
HDFC Housing Opportunities Fund vs Mirae Asset BSE Sensex ETF: Frequently Asked Questions
What is the difference between HDFC Housing Opportunities Fund and Mirae Asset BSE Sensex ETF?
HDFC Housing Opportunities Fund is a Thematic fund, Mirae Asset BSE Sensex ETF is an ETF fund, run by HDFC Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 37.8%. HDFC Housing Opportunities Fund charges 1.42% a year and Mirae Asset BSE Sensex ETF 0.12%.
Which has given higher returns, HDFC Housing Opportunities Fund or Mirae Asset BSE Sensex ETF?
Over 1 year: HDFC Housing Opportunities Fund −12.92%, Mirae Asset BSE Sensex ETF −10.98%. Over 3 years: HDFC Housing Opportunities Fund +7.49% a year, Mirae Asset BSE Sensex ETF +6.23% 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 Mirae Asset BSE Sensex ETF?
Mirae Asset BSE Sensex ETF charges less: 0.12% a year against 1.42%. These are the total expense ratios reported to AMFI.
How much do HDFC Housing Opportunities Fund and Mirae Asset BSE Sensex ETF overlap?
37.8%. They hold 10 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, HDFC Housing Opportunities Fund or Mirae Asset BSE Sensex ETF?
On SEBI's riskometer, HDFC Housing Opportunities Fund is rated Very High and Mirae Asset BSE Sensex ETF Very High. Over 3 years, the standard deviation of daily returns was 16.74% and 13.26% a year.
Which is better for SIP, HDFC Housing Opportunities Fund or Mirae Asset BSE Sensex ETF?
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 ₹3,63,913 in Mirae Asset BSE Sensex ETF (XIRR -1.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Housing Opportunities Fund and Mirae Asset BSE Sensex ETF?
Yes. 37.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Housing Opportunities Fund and Mirae Asset BSE Sensex ETF?
HDFC Housing Opportunities Fund: Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar. Mirae Asset BSE Sensex ETF: Ekta Gala, amp, Ritesh Patel.
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.