HDFC Housing Opportunities Fund vs Tata BSE Sensex Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Housing Opportunities Fund is a Thematic fund and Tata BSE Sensex Index Fund is an Index fund. In the 3 years to 30-10-2026, HDFC Housing Opportunities Fund (Direct) returned 7.5% a year and Tata BSE Sensex Index Fund (Direct) returned 5.9% a year. HDFC Housing Opportunities Fund charges 1.42% a year and Tata BSE Sensex Index Fund 0.33% (Direct plans). 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
Tata BSE Sensex Index Fund
Index
- 3 year return
- 5.9%
- Expense ratio
- 0.33%
- NAV
- ₹199.52
Which is better, HDFC Housing Opportunities or Tata BSE Sensex Index? 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 5 years: 9.7% a year against 5.5%.
- HDFC Housing Opportunities returned more over 3 years: 7.5% a year against 5.9%.
- Tata BSE Sensex Index costs less: 0.33% a year against 1.42% (Direct plans).
- Tata BSE Sensex Index swung less over 3 years: a standard deviation of 13.2% a year against 16.7%.
- Tata BSE Sensex Index fell less in its worst fall since 07-12-2017: −37.0% against −42.2%.
- Tata BSE Sensex Index 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 ₹364 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 | Tata BSE Sensex Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹1,100 Cr (30-09-2026) | ₹364 Cr (30-09-2026) |
| NAV | ₹21.76 (Direct) | ₹199.52 (Direct) |
| Expense ratio (Direct) | 1.42% | 0.33% |
| Expense ratio (Regular) | 2.27% | 0.58% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Housing TRI | BSE SENSEX TRI |
| Launch date | 06-12-2017 | 25-02-2003 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar | Nitin Sharma, Rakesh Prajapati |
| 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. | Exit load of 0.25% if redeemed within 7 days |
HDFC Housing Opportunities vs Tata BSE Sensex Index: 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% | -- |
| Tata BSE Sensex Index Fund (Direct) | +2.74% | −4.35% | −2.56% | −11.22% | +5.93% | +5.54% | +11.16% |
| 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 Tata BSE Sensex Index: Year-wise Returns
| Year | HDFC Housing OpportunitiesHDFC Housing Opportunities | Tata BSE Sensex IndexTata BSE Sensex Index |
|---|---|---|
| 2026to date | −10.29% | −12.13% |
| 2025 | +0.85% | +10.07% |
| 2024 | +15.16% | +9.06% |
| 2023 | +40.56% | +19.87% |
| 2022 | +14.27% | +5.50% |
| 2021 | +31.24% | +22.05% |
HDFC Housing Opportunities vs Tata BSE Sensex Index: Rolling Returns
Every holding period of both funds, against Nifty Housing TRI, the benchmark of HDFC Housing Opportunities Fund
Rolling returns
Every 3-year holding period, 1,453 of them, one for each trading day from 07-12-2020 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)
Tata BSE Sensex Index Fund (Direct)
Nifty Housing TRI
to
May 2021May 2019
to
May 2022May 2020
to
May 2023May 2021
to
May 2024May 2022
to
May 2025May 2023
to
May 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 | 2.5 | 4.6 | 10.5 | 19.2 | 22.7 | 15.0 | 25.5 | 17.8% | 17.4% | −2.3% | 32.3% | 81% |
| Tata BSE Sensex Index | 0.0 | 1.8 | 9.8 | 48.1 | 29.7 | 8.4 | 2.3 | 14.5% | 14.4% | 3.5% | 30.8% | 3% |
| Nifty Housing TRI | 0.0 | 0.0 | 8.7 | 55.7 | 31.9 | 3.7 | 0.0 | 14.4% | 14.1% | 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 07-12-2017. Past returns do not promise future returns.
HDFC Housing Opportunities vs Tata BSE Sensex Index: 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 07-12-2017 to 30-10-2026: 107 instalments, ₹10,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Housing OpportunitiesHDFC Housing Opportunities Fund (Direct) | ₹10,70,000 | ₹17,98,003 | ₹7,28,003 | 11.3% |
| Tata BSE Sensex IndexTata BSE Sensex Index Fund (Direct) | ₹10,70,000 | ₹16,06,832 | ₹5,36,832 | 8.9% |
HDFC Housing OpportunitiesHDFC Housing Opportunities Fund (Direct)
Tata BSE Sensex IndexTata BSE Sensex Index 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 Tata BSE Sensex Index: 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) | Tata BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −12.92% | −11.22% |
| Standard deviation | 15.96% | 13.83% |
| Sharpe ratio | -1.14 | -1.19 |
| Sortino ratio | -1.50 | -1.59 |
| Maximum drawdown | −15.7% (30-03-2026) | −16.2% (31-03-2026) |
| Beta | 0.92 | 1.00 |
| Alpha | −6.91% | −0.32% |
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) | Tata BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.49% | +5.93% |
| Standard deviation | 16.74% | 13.20% |
| Sharpe ratio | 0.09 | -0.01 |
| Sortino ratio | 0.12 | -0.01 |
| Maximum drawdown | −23.1% (03-03-2025) | −16.2% (31-03-2026) |
| Beta | 0.94 | 1.00 |
| Alpha | −2.24% | −0.39% |
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) | Tata BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.67% | +5.54% |
| Standard deviation | 16.30% | 13.69% |
| Sharpe ratio | 0.24 | -0.02 |
| Sortino ratio | 0.32 | -0.03 |
| Maximum drawdown | −23.1% (03-03-2025) | −16.2% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.37% |
From daily NAVs, 29-10-2021 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) | Tata BSE Sensex Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.11% | +10.86% |
| Standard deviation | 17.74% | 15.68% |
| Sharpe ratio | 0.21 | 0.31 |
| Sortino ratio | 0.29 | 0.42 |
| Maximum drawdown | −42.2% (24-03-2020) | −37.0% (23-03-2020) |
| Beta | -- | 0.99 |
| Alpha | -- | −0.57% |
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)
Tata BSE Sensex Index 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) | −42.2% | 23-01-2018 | 24-03-2020 | 02-02-2021 | 10 months | −17.7% |
| Tata BSE Sensex Index Fund (Direct) | −37.0% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.7% |
| Nifty Housing TRI | −20.4% | 11-04-2022 | 20-06-2022 | 17-08-2022 | 58 days | −9.1% |
From daily values since 07-12-2017, 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)
Tata BSE Sensex Index 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)
Tata BSE Sensex Index Fund (Direct)
Nifty Housing TRI
Against Nifty Housing TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Housing Opportunities Fund (Direct) | 95% | 80% | 6.68% |
| Tata BSE Sensex Index Fund (Direct) | 65% | 65% | 9.84% |
From month-end values since 07-12-2017. 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 Tata BSE Sensex Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Housing Opportunities Fund, September 2026; Tata BSE Sensex Index Fund, September 2026
Holdings in common
- Overlap
- 37.8%
- Held by both
- 10
- Only in HDFC Housing Opportunities
- 28
- Only in Tata BSE Sensex Index
- 20
| Security | % of HDFC Housing Opportunities | % of Tata BSE Sensex Index |
|---|---|---|
| ICICI Bank Ltd. | 8.11% | 11.04% |
| 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% | 1.27% |
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 Tata BSE Sensex Index Fund
| Security | % of fund |
|---|---|
| RELIANCE INDUSTRIES LTD | 9.16% |
| BHARTI AIRTEL LTD | 6.38% |
| INFOSYS LTD | 4.09% |
| 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 | Tata BSE Sensex Index |
|---|---|---|
| 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 | Tata BSE Sensex Index |
|---|---|---|
| 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 | Tata BSE Sensex Index |
|---|---|---|
| Banks | 28.1% | 35.9% |
| Construction | 14.0% | 5.1% |
| Cement & Cement Products | 12.2% | 1.5% |
| Consumer Durables | 12.1% | 3.5% |
| 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 Tata BSE Sensex Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Housing Opportunities Fund | Tata BSE Sensex Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.42% | 0.33% |
| Base expense ratio (Direct) | 1.17% | 0.27% |
| Total expense ratio (Regular) | 2.27% | 0.58% |
| Base expense ratio (Regular) | 1.91% | 0.51% |
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 Tata BSE Sensex Index Fund: Frequently Asked Questions
What is the difference between HDFC Housing Opportunities Fund and Tata BSE Sensex Index Fund?
HDFC Housing Opportunities Fund is a Thematic fund, Tata BSE Sensex Index Fund is an Index fund, run by HDFC Mutual Fund and Tata Mutual Fund. Their portfolios overlap 37.8%. HDFC Housing Opportunities Fund charges 1.42% a year and Tata BSE Sensex Index Fund 0.33%.
Which has given higher returns, HDFC Housing Opportunities Fund or Tata BSE Sensex Index Fund?
Over 1 year: HDFC Housing Opportunities Fund −12.92%, Tata BSE Sensex Index Fund −11.22%. Over 3 years: HDFC Housing Opportunities Fund +7.49% a year, Tata BSE Sensex Index Fund +5.93% a year. Over 5 years: HDFC Housing Opportunities Fund +9.67% a year, Tata BSE Sensex Index Fund +5.54% 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 Tata BSE Sensex Index Fund?
Tata BSE Sensex Index Fund charges less: 0.33% a year against 1.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Housing Opportunities Fund and Tata BSE Sensex Index Fund 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 Tata BSE Sensex Index Fund?
On SEBI's riskometer, HDFC Housing Opportunities Fund is rated Very High and Tata BSE Sensex Index Fund Very High. Over 3 years, the standard deviation of daily returns was 16.74% and 13.20% a year.
Which is better for SIP, HDFC Housing Opportunities Fund or Tata BSE Sensex Index Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,25,345 in HDFC Housing Opportunities Fund (XIRR 6.8% a year) and ₹6,73,154 in Tata BSE Sensex Index Fund (XIRR 3.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Housing Opportunities Fund and Tata BSE Sensex Index Fund?
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 Tata BSE Sensex Index Fund?
HDFC Housing Opportunities Fund: Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar. Tata BSE Sensex Index Fund: Nitin Sharma, Rakesh Prajapati.
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.