HDFC Housing Opportunities Fund
- NAV as on 25 Sep 2026
- ₹20.89+0.59%1 day
- Return since launch
- 8.8%
- 52-week range
- ₹19.37 — ₹23.09
- AUM
- ₹1,167 Cr
HDFC Housing Opportunities Fund is a Thematic equity fund from HDFC Mutual Fund with ₹1,167 Cr under management, launched in 2017. Over three years it has returned -1.1% a year, against 11.3% for its category. The expense ratio is 2.25% and the SEBI riskometer reading is Very High.
Performance
HDFC Housing Opportunities Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -5.2% against -4.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -8.0% | −11.8 pts | 3.8% | -3.6% |
| 2Y | -4.2% | −8.5 pts | 4.3% | -3.4% |
| 3Y | -1.1% | −12.3 pts | 11.3% | -1.5% |
| 5Y | 8.2% | −1.4 pts | 9.5% | 4.9% |
| 7Y | 12.3% | −0.4 pts | 12.8% | 9.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.9% | 0.0 pts | -4.0% | -3.9% |
| 3M | -3.7% | −4.0 pts | 0.3% | -0.9% |
| 6M | 5.1% | −9.0 pts | 14.1% | 10.5% |
| 1Y | -5.2% | −8.9 pts | 3.8% | -4.6% |
| 2Y | -7.9% | −6.2 pts | -1.6% | -7.8% |
| 3Y | 8.5% | −2.8 pts | 11.3% | 4.7% |
| 5Y | 10.0% | +0.5 pts | 9.5% | 6.0% |
| 7Y | 12.4% | −2.3 pts | 14.7% | 11.7% |
Since launch (16 Nov 2017): 8.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -0.1% | −3.2 pts | 3.0% |
| 2024 | 13.9% | −5.8 pts | 19.8% |
| 2023 | 39.2% | +7.1 pts | 32.0% |
| 2022 | 13.1% | +9.8 pts | 3.3% |
| 2021 | 30.0% | −13.9 pts | 43.9% |
| 2020 | 3.0% | −19.9 pts | 22.9% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.24%
Expense ratio as on 16 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.89%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.34%
- Exit load
- Exit load of 1%, if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Housing TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -2.01 | 7.48 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.11 | 1.09 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.32 | 0.73 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.42 | 1.13 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.91 | 19.72 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Housing Opportunities Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.2%
- Other2.8%
Market cap split
- Large66.5%
- Mid8.8%
- Small24.7%
- P/E
- 16.83
- P/B
- 2.19
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Larsen & Toubro Ltd. | Construction | 8.67% | ₹101 Cr | +8.57% | +9.42% | +8.12% |
| ICICI Bank Ltd. | Financial | 8.41% | ₹98.15 Cr | +7.13% | +7.32% | +8.70% |
| HDFC Bank Ltd. | Financial | 7.59% | ₹88.63 Cr | +7.83% | +8.72% | +9.77% |
| NTPC Ltd. | Energy | 7.01% | ₹81.85 Cr | +8.14% | +7.51% | +6.12% |
| State Bank of India | Financial | 6.36% | ₹74.20 Cr | +5.68% | +8.03% | +5.62% |
| Ambuja Cements Ltd. | Materials | 5.50% | ₹64.18 Cr | +6.03% | +6.29% | +7.01% |
| Ultratech Cement Ltd. | Materials | 4.91% | ₹57.25 Cr | +4.35% | +4.48% | +4.43% |
| Kalpataru Projects International Ltd. | Capital Goods | 4.80% | ₹56.04 Cr | +4.39% | +4.87% | +4.86% |
| Prestige Estates Projects Ltd. | Construction | 4.55% | ₹53.07 Cr | +3.74% | +3.56% | +4.62% |
| Axis Bank Ltd. | Financial | 4.46% | ₹52.00 Cr | +4.33% | +4.35% | +3.25% |
| Tata Steel Ltd. | Metals & Mining | 4.42% | ₹51.62 Cr | +4.90% | +5.01% | +4.26% |
| Others | Others | 2.84% | ₹33.50 Cr | +0.04% | -0.22% | -0.10% |
| Electronics Mart India Ltd. | Services | 2.83% | ₹32.97 Cr | +1.75% | +1.44% | +2.01% |
| JSW Dulux Ltd. | Materials | 2.44% | ₹28.48 Cr | +2.39% | +2.08% | +2.39% |
| Kotak Mahindra Bank Ltd. | Financial | 2.16% | ₹25.16 Cr | +1.94% | — | — |
| Asian Paints Ltd. | Materials | 2.05% | ₹23.88 Cr | +2.02% | +1.68% | +1.76% |
| Kolte-Patil Developers Ltd. | Construction | 1.91% | ₹22.34 Cr | +1.54% | +1.39% | +1.82% |
| Havells India Ltd. | Capital Goods | 1.87% | ₹21.77 Cr | +1.73% | +1.65% | +1.78% |
| Hindalco Industries Ltd. | Metals & Mining | 1.74% | ₹20.31 Cr | +1.90% | +2.18% | +2.19% |
| Repco Home Finance Ltd. | Financial | 1.68% | ₹19.59 Cr | +1.74% | +1.62% | +1.46% |
| Birla Corporation Ltd. | Materials | 1.67% | ₹19.54 Cr | +1.88% | +1.76% | +2.18% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 1.34% | ₹15.63 Cr | +1.57% | +1.34% | +1.70% |
| Lodha Developers Ltd. | Construction | 1.34% | ₹15.58 Cr | +1.03% | +1.01% | +1.21% |
| Brigade Enterprises Ltd. | Construction | 1.24% | ₹14.43 Cr | — | — | — |
| Bank Of Baroda | Financial | 1.23% | ₹14.32 Cr | +1.36% | +1.52% | +1.09% |
| Whirlpool Of India Ltd. | Consumer Discretionary | 1.17% | ₹13.65 Cr | +1.18% | +1.23% | +1.10% |
| Can Fin Homes Ltd. | Financial | 1.02% | ₹11.93 Cr | +1.05% | +0.99% | +0.84% |
| National Aluminium Company Ltd. | Metals & Mining | 0.82% | ₹9.54 Cr | +0.89% | +1.11% | +0.87% |
| Orient Electric Ltd. | Consumer Discretionary | 0.81% | ₹9.44 Cr | +0.83% | +0.76% | +0.54% |
| Symphony Ltd. | Consumer Discretionary | 0.81% | ₹9.40 Cr | +0.94% | +1.00% | +1.16% |
| PNC Infratech Ltd. | Construction | 0.62% | ₹7.23 Cr | +0.66% | +0.62% | +0.91% |
| Indraprastha Gas Ltd. | Energy | 0.58% | ₹6.77 Cr | +0.61% | +0.60% | +0.80% |
| Gujarat Energy Ltd. | Energy | 0.53% | ₹6.19 Cr | +0.84% | +0.80% | +0.82% |
| Bajaj Electricals Ltd. | Consumer Discretionary | 0.51% | ₹5.98 Cr | +0.49% | +0.53% | +0.81% |
| GSPL Transmission Ltd. | Energy | 0.11% | ₹1.25 Cr | — | — | — |
| Powergrid Infrastructure Investment Trust | Services | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Electronics Mart India Ltd. | 2.03% | 2.83% | +0.80% |
| Ambuja Cements Ltd. | 5.90% | 5.50% | -0.40% |
| Kalpataru Projects International Ltd. | 4.40% | 4.80% | +0.40% |
| NTPC Ltd. | 7.40% | 7.01% | -0.39% |
| HDFC Bank Ltd. | 7.97% | 7.59% | -0.38% |
| Others | 0.16% | -0.17% | -0.33% |
| Kolte-Patil Developers Ltd. | 1.64% | 1.91% | +0.27% |
| Axis Bank Ltd. | 4.19% | 4.46% | +0.27% |
| Larsen & Toubro Ltd. | 8.40% | 8.67% | +0.27% |
| State Bank of India | 6.13% | 6.36% | +0.23% |
| PNC Infratech Ltd. | 0.81% | 0.62% | -0.19% |
| JSW Dulux Ltd. | 2.25% | 2.44% | +0.19% |
| Kotak Mahindra Bank Ltd. | 2.00% | 2.16% | +0.16% |
| Ultratech Cement Ltd. | 5.07% | 4.91% | -0.16% |
| ICICI Bank Ltd. | 8.26% | 8.41% | +0.15% |
| Brigade Enterprises Ltd. | 1.09% | 1.24% | +0.15% |
| Crompton Greaves Consumer Electricals Ltd. | 1.47% | 1.34% | -0.13% |
| Symphony Ltd. | 0.94% | 0.81% | -0.13% |
| Tata Steel Ltd. | 4.53% | 4.42% | -0.11% |
| Repco Home Finance Ltd. | 1.77% | 1.68% | -0.09% |
| Hindalco Industries Ltd. | 1.66% | 1.74% | +0.08% |
| National Aluminium Company Ltd. | 0.75% | 0.82% | +0.07% |
| Prestige Estates Projects Ltd. | 4.48% | 4.55% | +0.07% |
| Asian Paints Ltd. | 2.11% | 2.05% | -0.06% |
| Gujarat Energy Ltd. | 0.59% | 0.53% | -0.06% |
| Lodha Developers Ltd. | 1.38% | 1.34% | -0.04% |
| Birla Corporation Ltd. | 1.70% | 1.67% | -0.03% |
| Can Fin Homes Ltd. | 1.05% | 1.02% | -0.03% |
| Orient Electric Ltd. | 0.78% | 0.81% | +0.03% |
| Bajaj Electricals Ltd. | 0.52% | 0.51% | -0.01% |
| Bank Of Baroda | 1.24% | 1.23% | -0.01% |
| Whirlpool Of India Ltd. | 1.16% | 1.17% | +0.01% |
| Havells India Ltd. | 1.88% | 1.87% | -0.01% |
| Powergrid Infrastructure Investment Trust | 0.00% | 0.00% | 0.00% |
| GSPL Transmission Ltd. | 0.11% | 0.11% | 0.00% |
| Indraprastha Gas Ltd. | 0.58% | 0.58% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,954 Cr | 2.14% | 16.7% | 14.3% | 14.2% |
| HDFC Defence Fund | ₹11,478 Cr | 1.80% | 33.8% | 26.8% | — |
 ICICI Prudential Commodities Fund | ₹4,277 Cr | 1.96% | 5.5% | 10.3% | 14.6% |
| ICICI Prudential Exports and Services Fund | ₹1,549 Cr | 2.29% | 0.9% | 6.5% | 12.4% |
 SBI Comma Fund | ₹1,237 Cr | 2.28% | 7.6% | 10.2% | 13.0% |
 Edelweiss Recently Listed IPO Fund | ₹1,230 Cr | 2.36% | 35.7% | 17.4% | 16.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of entities engaged in and/or expected to benefit from the growth in housing and its allied business activities.
Fund managers
- Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.08% absolute | ₹60,000 | ₹63,048 | 5.08% | |
| 1 year−5.16% annualised | ₹1,20,000 | ₹1,16,698 | −2.75% | |
| 3 years8.48% annualised | ₹3,60,000 | ₹4,11,189 | 14.22% | |
| 5 years10.00% annualised | ₹6,00,000 | ₹7,80,824 | 30.14% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.