HDFC NIFTY Realty Index Fund vs UTI BSE Housing Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC NIFTY Realty Index Fund is an Index fund and UTI BSE Housing Index Fund is an Index fund. In the year to 30-10-2026, HDFC NIFTY Realty Index Fund (Direct) returned −14.4% and UTI BSE Housing Index Fund (Direct) returned −15.5%. HDFC NIFTY Realty Index Fund charges 0.54% a year and UTI BSE Housing Index Fund 0.65% (Direct plans). Their portfolios overlap 26.9%: they hold 6 of the same securities.
HDFC NIFTY Realty Index Fund
Index
- 1 year return
- −14.4%
- Expense ratio
- 0.54%
- NAV
- ₹9.14
UTI BSE Housing Index Fund
Index
- 1 year return
- −15.5%
- Expense ratio
- 0.65%
- NAV
- ₹12.71
Which is better, HDFC NIFTY Realty Index or UTI BSE Housing 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 NIFTY Realty Index returned more over 1 year: −14.4% against −15.5%.
- HDFC NIFTY Realty Index costs less: 0.54% a year against 0.65% (Direct plans).
- UTI BSE Housing Index fell less in its worst fall since 26-03-2024: −26.6% against −43.5%.
- HDFC NIFTY Realty Index is the larger fund: ₹176 Cr against ₹22 Cr.
- Their portfolios overlap 26.9%: 6 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 NIFTY Realty Index Fund | UTI BSE Housing Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | UTI Mutual Fund |
| Category | Index | Index |
| AUM | ₹176 Cr (30-09-2026) | ₹22 Cr (30-09-2026) |
| NAV | ₹9.14 (Direct) | ₹12.71 (Direct) |
| Expense ratio (Direct) | 0.54% | 0.65% |
| Expense ratio (Regular) | 1.00% | 1.08% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Realty TRI | BSE Housing TRI |
| Launch date | 26-03-2024 | 07-06-2023 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | NIL | NIL |
HDFC NIFTY Realty Index vs UTI BSE Housing 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 NIFTY Realty Index Fund (Direct) | −3.97% | −9.57% | +2.72% | −14.45% | -- | -- | -- |
| UTI BSE Housing Index Fund (Direct) | −4.19% | −12.05% | −5.58% | −15.47% | +5.49% | -- | -- |
HDFC NIFTY Realty Index vs UTI BSE Housing Index: Year-wise Returns
| Year | HDFC NIFTY RealtyHDFC NIFTY Realty Index | UTI BSE HousingUTI BSE Housing Index |
|---|---|---|
| 2026to date | −7.28% | −10.56% |
| 2025 | −16.61% | −6.84% |
| 2024 | -- | +20.80% |
HDFC NIFTY Realty Index vs UTI BSE Housing Index: Rolling Returns
Every holding period of both funds, against Nifty Realty TRI, the benchmark of HDFC NIFTY Realty Index Fund
Rolling returns
Every 1-year holding period, 393 of them, one for each trading day from 26-03-2025 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 NIFTY Realty Index Fund (Direct)
UTI BSE Housing Index Fund (Direct)
Nifty Realty TRI
to
May 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
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 NIFTY Realty Index | 93.9 | 6.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −10.4% | −10.5% | −28.0% | 3.8% | 1% |
| UTI BSE Housing Index | 80.4 | 15.5 | 4.1 | 0.0 | 0.0 | 0.0 | 0.0 | −3.7% | −3.5% | −16.5% | 9.2% | 83% |
| Nifty Realty TRI | 92.6 | 7.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −10.0% | −10.1% | −27.7% | 4.3% | -- |
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 Realty 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 26-03-2024. Past returns do not promise future returns.
HDFC NIFTY Realty Index vs UTI BSE Housing 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 26-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC NIFTY Realty IndexHDFC NIFTY Realty Index Fund (Direct) | ₹3,20,000 | ₹2,87,588 | −₹32,412 | −7.6% |
| UTI BSE Housing IndexUTI BSE Housing Index Fund (Direct) | ₹3,20,000 | ₹2,85,935 | −₹34,065 | −8.0% |
HDFC NIFTY Realty IndexHDFC NIFTY Realty Index Fund (Direct)
UTI BSE Housing IndexUTI BSE Housing 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 NIFTY Realty Index vs UTI BSE Housing Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC NIFTY Realty Index Fund (Direct) | UTI BSE Housing Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −14.45% | −15.47% |
| Standard deviation | 26.55% | 19.09% |
| Sharpe ratio | -0.74 | -1.08 |
| Sortino ratio | -1.03 | -1.44 |
| Maximum drawdown | −32.9% (31-03-2026) | −20.6% (23-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.48% | −0.16% |
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 NIFTY Realty Index Fund (Direct) | UTI BSE Housing Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.38% | +7.53% |
| Standard deviation | 27.40% | 17.97% |
| Sharpe ratio | -0.34 | 0.08 |
| Sortino ratio | -0.46 | 0.11 |
| Maximum drawdown | −43.5% (31-03-2026) | −26.6% (23-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.48% | −0.53% |
From daily NAVs, 26-03-2024 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 NIFTY Realty Index Fund (Direct)
UTI BSE Housing Index Fund (Direct)
Nifty Realty TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC NIFTY Realty Index Fund (Direct) | −43.5% | 18-06-2024 | 31-03-2026 | Not yet | -- | −29.3% |
| UTI BSE Housing Index Fund (Direct) | −26.6% | 23-09-2024 | 23-03-2026 | Not yet | -- | −21.8% |
| Nifty Realty TRI | −43.1% | 18-06-2024 | 30-03-2026 | Not yet | -- | −28.5% |
From daily values since 26-03-2024, 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 NIFTY Realty Index Fund (Direct)
UTI BSE Housing Index Fund (Direct)
Nifty Realty TRI
Against Nifty Realty TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC NIFTY Realty Index Fund (Direct) | 99% | 100% | 0.09% |
| UTI BSE Housing Index Fund (Direct) | 66% | 63% | 12.11% |
From month-end values since 26-03-2024. 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 NIFTY Realty Index vs UTI BSE Housing Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC NIFTY Realty Index Fund, September 2026; UTI BSE Housing Index Fund, September 2026
Holdings in common
- Overlap
- 26.9%
- Held by both
- 6
- Only in HDFC NIFTY Realty Index
- 4
- Only in UTI BSE Housing Index
- 20
| Security | % of HDFC NIFTY Realty Index | % of UTI BSE Housing Index |
|---|---|---|
| The Phoenix Mills Limited | 17.05% | 5.29% |
| DLF LIMITED | 20.38% | 5.28% |
| Lodha Developers Limited | 15.90% | 5.02% |
| Prestige Estates Projects Ltd. | 11.79% | 4.24% |
| Godrej Properties Ltd. | 10.39% | 3.52% |
| Oberoi Realty Ltd. | 9.80% | 3.52% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.9% means 26.9% 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 NIFTY Realty Index Fund
| Security | % of fund |
|---|---|
| Brigade Enterprises Limited. | 5.03% |
| ANANT RAJ LIMITED | 4.31% |
| Aditya Birla Real Estate Limited | 2.81% |
| Sobha Ltd. | 2.57% |
Largest holdings only in UTI BSE Housing Index Fund
| Security | % of fund |
|---|---|
| EQ - ULTRATECH CEMENT LTD. | 5.19% |
| EQ - ASIAN PAINTS (INDIA) LTD. | 5.01% |
| EQ - SHREE CEMENT LTD. | 5.00% |
| EQ - POLYCAB INDIA LTD | 4.97% |
| EQ - DIXON TECHNOLOGIES (INDIA) LTD | 4.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC NIFTY Realty Index | UTI BSE Housing Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 0.0% |
Market cap of stocks
| Market cap | HDFC NIFTY Realty Index | UTI BSE Housing Index |
|---|---|---|
| Large Cap | 20.4% | 29.2% |
| Mid Cap | 64.9% | 66.9% |
| Small Cap | 14.7% | 3.9% |
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 NIFTY Realty Index | UTI BSE Housing Index |
|---|---|---|
| Realty | 100.0% | 26.9% |
| Consumer Durables | 0.0% | 26.8% |
| Cement & Cement Products | 0.0% | 25.8% |
| Industrial Products | 0.0% | 16.3% |
| Finance | 0.0% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC NIFTY Realty Index vs UTI BSE Housing Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC NIFTY Realty Index Fund | UTI BSE Housing Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 0.65% |
| Base expense ratio (Direct) | 0.32% | 0.48% |
| Total expense ratio (Regular) | 1.00% | 1.08% |
| Base expense ratio (Regular) | 0.72% | 0.87% |
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.
HDFC NIFTY Realty Index Fund vs UTI BSE Housing Index Fund: Frequently Asked Questions
What is the difference between HDFC NIFTY Realty Index Fund and UTI BSE Housing Index Fund?
HDFC NIFTY Realty Index Fund is an Index fund, UTI BSE Housing Index Fund is an Index fund, run by HDFC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 26.9%. HDFC NIFTY Realty Index Fund charges 0.54% a year and UTI BSE Housing Index Fund 0.65%.
Which has given higher returns, HDFC NIFTY Realty Index Fund or UTI BSE Housing Index Fund?
Over 1 year: HDFC NIFTY Realty Index Fund −14.45%, UTI BSE Housing Index Fund −15.47%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC NIFTY Realty Index Fund or UTI BSE Housing Index Fund?
HDFC NIFTY Realty Index Fund charges less: 0.54% a year against 0.65%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC NIFTY Realty Index Fund and UTI BSE Housing Index Fund overlap?
26.9%. They hold 6 of the same securities, the largest shared ones being PHOENIXLTD, DLF, LODHA. From each fund's latest monthly portfolio.
Which is riskier, HDFC NIFTY Realty Index Fund or UTI BSE Housing Index Fund?
On SEBI's riskometer, HDFC NIFTY Realty Index Fund is rated Very High and UTI BSE Housing Index Fund Very High. Over 1 years, the standard deviation of daily returns was 26.55% and 19.09% a year.
Can I invest in both HDFC NIFTY Realty Index Fund and UTI BSE Housing Index Fund?
Yes. 26.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC NIFTY Realty Index Fund and UTI BSE Housing Index Fund?
HDFC NIFTY Realty Index Fund: Nandita Menezes, Arun Agarwal. UTI BSE Housing Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.