HDFC Housing Opportunities Fund is a Thematic fund run by HDFC Mutual Fund. On 30-09-2026, it managed ₹1,100 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.5% a year and its Regular plan returned 6.5% a year. Its benchmark, Nifty Housing TRI, returned 10.0% a year over the same 3 years.
NAV (Direct plan)
₹21.76
▼ 0.61% · 30-10-2026
NAV (Regular plan)
₹19.89
▼ 0.62% · 30-10-2026
Expense ratio
1.42%Direct2.27%Regular
1.42%
A year
Riskometer
Very High
Set by the fund house
3 year return
7.5%Direct6.5%Regular
7.5%
A year
HDFC Housing Opportunities Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹21.76 (down 0.61% that day); Regular Plan Growth ₹19.89 (down 0.62% that day).
This fund (Direct plan)
₹21.759
HDFC Housing Opportunities Fund Returns vs Nifty Housing TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−2.87%
−7.16%
−7.79%
−12.92%
+7.49%
+9.67%
--
This fund (Regular)
−2.93%
−7.35%
−8.19%
−13.72%
+6.46%
+8.60%
--
Nifty Housing TRI
−1.55%
−7.30%
−6.12%
−7.00%
+9.97%
--
--
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
+11.62%
--
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
+21.14%
--
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
+3.65%
--
Rank in Thematic
143/235
179/232
209/232
210/215
115/133
62/96
--
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.
HDFC Housing Opportunities Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Housing TRI
2026to date
−10.29%
−10.97%
−5.09%
2025
+0.85%
−0.14%
+7.46%
2024
+15.16%
+14.04%
+8.38%
2023
+40.56%
+39.17%
+25.09%
2022
+14.27%
+13.13%
--
2021
+31.24%
+29.95%
--
HDFC Housing Opportunities Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,453 periods, one for each trading day from 07-12-2020 to 30-10-2026.
−10%0%10%20%30%40%
HDFC Housing Opportunities Fund (Direct)
Nifty Housing TRI
May 2018 to May 2021May 2019 to May 2022May 2020 to May 2023May 2021 to May 2024May 2022 to May 2025May 2023 to May 2026
HDFC Housing Opportunities Fund (Direct)Nifty Housing TRI
3%
0%
Below 0%
5%
0%
0-5%
11%
9%
5-10%
19%
56%
10-15%
23%
32%
15-20%
15%
4%
20-25%
26%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
1,945
6.0%
−37.3%
81.3%
33%
8.6%
52%
2 years
1,701
16.5%
−20.6%
50.1%
21%
16.7%
63%
3 years
1,453
17.4%
−2.3%
32.3%
2%
14.1%
81%
5 years
959
17.9%
6.2%
29.9%
0%
--
--
7 years
467
13.9%
10.7%
16.5%
0%
--
--
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
95
7.6%
−54.5%
83.2%
28%
9.9%
51%
2 years
83
14.0%
−33.1%
51.3%
22%
8.4%
48%
3 years
71
19.1%
−2.3%
38.4%
1%
--
--
5 years
47
19.3%
7.7%
32.1%
0%
--
--
7 years
23
17.7%
12.5%
21.0%
0%
--
--
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Housing TRI over the same days. Past returns do not promise future returns.
HDFC Housing Opportunities Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HDFC Housing Opportunities Fund (Direct)This fund
Nifty Housing TRI
Return (CAGR)
−12.92%
−7.00%
Standard deviation
15.96%
17.05%
Sharpe ratio
-1.14
-0.72
Sortino ratio
-1.50
-0.96
Maximum drawdown
−15.7%
(30-03-2026)
−14.1%
(23-03-2026)
Beta
0.92
1.00
Alpha
−6.91%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
HDFC Housing Opportunities Fund (Direct)This fund
Nifty Housing TRI
Return (CAGR)
+7.49%
+9.97%
Standard deviation
16.74%
17.08%
Sharpe ratio
0.09
0.23
Sortino ratio
0.12
0.31
Maximum drawdown
−23.1%
(03-03-2025)
−19.9%
(28-02-2025)
Beta
0.94
1.00
Alpha
−2.24%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
HDFC Housing Opportunities Fund (Direct)This fund
Nifty Housing TRI
Return (CAGR)
+9.67%
--
Standard deviation
16.30%
--
Sharpe ratio
0.24
--
Sortino ratio
0.32
--
Maximum drawdown
−23.1%
(03-03-2025)
--
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.
Measure
HDFC Housing Opportunities Fund (Direct)This fund
Nifty Housing TRI
Return (CAGR)
+9.11%
+11.24%
Standard deviation
17.74%
16.36%
Sharpe ratio
0.21
0.32
Sortino ratio
0.29
0.44
Maximum drawdown
−42.2%
(24-03-2020)
−20.4%
(20-06-2022)
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.
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.
−50%−40%−30%−20%−10%0%
HDFC Housing Opportunities Fund (Direct)
Nifty Housing TRI
20182020202220242026
HDFC Housing Opportunities Fund (Direct)Nifty Housing TRI
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%
Nifty Housing TRI
−20.4%
11-04-2022
20-06-2022
17-08-2022
58 days
−9.1%
From the Direct plan's daily NAV since 07-12-2017, adjusted for unit splits, and Nifty Housing TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
HDFC Housing Opportunities Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
HDFC Housing Opportunities Fund Expense Ratio and Costs
What each plan charges a year, in force from 21-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
1.17%
0.01%
0.00%
0.24%
1.42%
1.18%
172/235
Regular
1.91%
0.01%
0.00%
0.35%
2.27%
2.41%
83/235
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−13.72%
−12.92%
0.80%
₹86,280
₹87,080
3 years
6.46%
7.49%
1.03% a year
₹1,20,659
₹1,24,195
5 years
8.60%
9.67%
1.07% a year
₹1,51,060
₹1,58,650
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
HDFC Housing Opportunities Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹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
Direct planHDFC Housing Opportunities Fund (Direct)
₹10,70,000
₹17,98,003
₹7,28,003
11.3%
Regular planHDFC Housing Opportunities Fund (Regular)
Direct planHDFC Housing Opportunities Fund (Direct)Regular planHDFC Housing Opportunities Fund (Regular)Category averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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 Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
98.5%Equity
Asset
Fund
Category
Equity
98.5%
94.5%
Cash and others
1.5%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
62.9%
45.7%
Mid Cap
9.1%
19.6%
Small Cap
25.3%
24.1%
Not on AMFI's list
1.3%
2.3%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
HDFC Housing Opportunities Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks28.1%
Construction14.0%
Cement & Cement Products12.2%
Consumer Durables12.1%
Realty9.1%
Power7.3%
Ferrous Metals4.7%
Retailing3.4%
Finance2.7%
Non - Ferrous Metals2.5%
The ten largest of 12 sectors. The other 2 add up to 2.5%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
29.8%
30.2%
28.1%
−1.7%
Construction
13.6%
14.1%
14.0%
+0.4%
Cement & Cement Products
12.7%
12.1%
12.2%
−0.5%
Consumer Durables
11.1%
11.0%
12.1%
+1.0%
Realty
8.6%
9.0%
9.1%
+0.5%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
HDFC Housing Opportunities Fund Portfolio Holdings
As on 30-09-2026 · 38 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
Larsen and Toubro Ltd.
Construction
8.54%
0.0%
ICICI Bank Ltd.
Banks
8.11%
0.0%
HDFC Bank Ltd.
Banks
8.05%
0.0%
NTPC Limited
Power
7.33%
0.0%
Ambuja Cements Ltd.
Cement & Cement Products
5.32%
−2.1%
State Bank of India
Banks
5.06%
−17.1%
Kalpataru Projects International Ltd
Construction
5.01%
−0.3%
UltraTech Cement Limited
Cement & Cement Products
4.98%
0.0%
Tata Steel Ltd.
Ferrous Metals
4.69%
0.0%
Prestige Estates Projects Ltd.
Realty
4.38%
0.0%
Electronics Mart India Ltd
Retailing
3.41%
0.0%
Axis Bank Ltd.
Banks
3.34%
−25.0%
JSW Dulux Limited
Consumer Durables
2.52%
0.0%
Kotak Mahindra Bank Limited
Banks
2.27%
0.0%
Asian Paints Limited
Consumer Durables
1.97%
0.0%
Kolte Patil Developers Limited
Realty
1.93%
0.0%
Hindalco Industries Ltd.
Non - Ferrous Metals
1.71%
0.0%
Birla Corporation Ltd.
Cement & Cement Products
1.71%
0.0%
Repco Home Finance Ltd.
Finance
1.68%
0.0%
Havells India Ltd.
Consumer Durables
1.62%
0.0%
Brigade Enterprises Limited.
Realty
1.41%
+22.7%
Whirlpool of India Ltd.
Consumer Durables
1.38%
0.0%
Lodha Developers Limited
Realty
1.34%
0.0%
Crompton Greaves Consumer Elec. Ltd.
Consumer Durables
1.26%
0.0%
Bank of Baroda
Banks
1.26%
0.0%
Elevate Campuses Limited
Commercial Services & Supplies
1.22%
New
CanFin Homes Ltd.
Finance
0.98%
0.0%
LG Electronics India Limited
Consumer Durables
0.94%
New
Symphony Ltd.
Consumer Durables
0.85%
0.0%
National Aluminium Co. Ltd.
Non - Ferrous Metals
0.77%
0.0%
Orient Electric Ltd
Consumer Durables
0.75%
0.0%
Indraprastha Gas Ltd.
Gas
0.60%
0.0%
Gujarat Energy Limited
Gas
0.54%
0.0%
Bajaj Electricals Ltd.
Consumer Durables
0.51%
0.0%
PNC Infratech Ltd.
Construction
0.46%
0.0%
Greenply Industries Ltd.
Consumer Durables
0.27%
New
Grasim Industries Ltd.
Cement & Cement Products
0.22%
New
GSPL Transmission Limited
Gas
0.10%
−9.9%
HDFC Housing Opportunities Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
State Bank of India
↓Reduced
−17.1%
5.06%
Ambuja Cements Ltd.
↓Reduced
−2.1%
5.32%
Kalpataru Projects International Ltd
↓Reduced
−0.3%
5.01%
Axis Bank Ltd.
↓Reduced
−25.0%
3.34%
Brigade Enterprises Limited.
↑Added
+22.7%
1.41%
Elevate Campuses Limited
↑New
New
1.22%
LG Electronics India Limited
↑New
New
0.94%
Greenply Industries Ltd.
↑New
New
0.27%
Grasim Industries Ltd.
↑New
New
0.22%
GSPL Transmission Limited
↓Reduced
−9.9%
0.10%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
HDFC Housing Opportunities Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.42%
Expense ratio (Regular)
2.27%
Category
Thematic
Risk
Very High
Benchmark
Nifty Housing TRI
Launch date
06-12-2017
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹1,100.13 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
141924
ISIN (Direct)
INF179KC1AU3
Scheme code (Regular)
141923
ISIN (Regular)
INF179KC1AX7
NAV history
From 07-12-2017, 8.9 years
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.
Tax on HDFC Housing Opportunities Fund returns
HDFC Housing Opportunities Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹21.759
30-10-2026
direct
IDCW
₹15.955
30-10-2026
regular
Growth
₹19.892
30-10-2026
regular
IDCW
₹14.26
30-10-2026
About HDFC Housing Opportunities Fund
HDFC Housing Opportunities Fund is a mutual fund from HDFC Mutual Fund. Its category is Thematic. It was launched on 06-12-2017. Its benchmark is Nifty Housing TRI. At the end of September 2026 it held 38 securities.
Fund Manager
Ashish Shah
Fund manager of HDFC Housing Opportunities Fund, since 11-09-2026
Gopal Agrawal
Fund manager of HDFC Housing Opportunities Fund, since 01-09-2026
Bhagyesh Kagalkar
Fund manager of HDFC Housing Opportunities Fund, since 26-08-2026
Frequently Asked Questions for HDFC Housing Opportunities Fund
What is the current NAV of HDFC Housing Opportunities Fund?
The Direct plan NAV is ₹21.759. The Regular plan NAV is ₹19.892, as on 30-10-2026.
What are the returns of HDFC Housing Opportunities Fund?
The Direct plan returned −12.92% in 1 year, +7.49% a year over 3 years, +9.67% a year over 5 years. The Regular plan returned −13.72% in 1 year, +6.46% a year over 3 years, +8.60% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of HDFC Housing Opportunities Fund?
The Direct plan charges 1.42% a year. The Regular plan charges 2.27% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.
What is the AUM of HDFC Housing Opportunities Fund?
HDFC Housing Opportunities Fund managed ₹1,100.13 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HDFC Housing Opportunities Fund?
At the end of September 2026 the largest holdings were LT (8.54%), ICICIBANK (8.11%), HDFCBANK (8.05%), NTPC (7.33%), AMBUJACEM (5.32%). The fund held 38 securities in all.
What did HDFC Housing Opportunities Fund buy and sell in September 2026?
It bought 4 new stocks: Grasim Industries Ltd, Elevate Campuses Limited, LG Electronics India Limited, Greenply Industries Ltd. It added shares in 1. It reduced 5.
How do I invest in HDFC Housing Opportunities Fund?
Through HDFC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Who is the fund manager of HDFC Housing Opportunities Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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