HDFC Housing Opportunities Fund
HDFC Mutual Fund · Sectoral/Thematic · Direct plan, growth option
NAV (₹), 2 Oct 2026
22.1690
1-day change
-1.04%
1Y return
-7.6%
3Y CAGR
8.0%
5Y CAGR
10.5%
Max drawdown, 5Y
−23.1%
NAV history month-end NAV, ₹ · 7 Dec 2017 to 1 Oct 2026
Returns vs Sectoral/Thematic median (253 schemes) and “Realty & housing” median (3)
| Period | Scheme | Category median | Realty & housing median |
|---|---|---|---|
| 1 month | -5.1% | -5.4% | -5.1% |
| 3 months | -6.7% | -2.8% | -6.4% |
| 6 months | 2.9% | 8.9% | 3.8% |
| Year to date | -8.6% | -2.0% | -6.1% |
| 1 year | -7.6% | 1.4% | -4.4% |
| 3 years (CAGR) | 8.0% | 13.0% | 8.0% |
| 5 years (CAGR) | 10.5% | 12.0% | 10.5% |
| 7 years (CAGR) | 13.5% | 17.0% | 13.5% |
| 10 years (CAGR) | n/a | 14.6% | n/a |
| Since first NAV (CAGR) | 9.4% | – | – |
“Realty & housing” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.1% | 11.8% |
| 3Y rolling median | 17.5% | 17.5% |
| 3Y rolling worst | -2.3% | 3.0% |
| 3Y periods positive | 97% | 100% |
| 3Y periods ahead of benchmark | 82% | 84% |
| 5Y rolling median | 18.0% | 15.6% |
| 5Y rolling worst | 6.2% | 1.8% |
| 5Y periods ahead of benchmark | 100% | 91% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 18.2% | 16.7% |
| Sharpe ratio | 0.08 | 0.42 |
| Sortino ratio | 0.11 | 0.63 |
| Beta | 1.11 | 0.96 |
| Alpha (ann.) | -2.4% | 3.7% |
| Upside capture | 97.98 | 106.94 |
| Downside capture | 106.88 | 95.17 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −42.2% | −23.1% |
| Maximum drawdown, last 10Y | n/a | −38.3% |
| Maximum drawdown, last 5Y | −23.1% | −22.3% |
| Current drawdown | −16.2% | −8.3% |
| Recovery time of worst fall | 315 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| FM 1 | Fund Manager of the Scheme | 11 Sep 2026 |
| FM 2 | Fund Manager for Overseas Investments | 1 Sep 2026 |
| FM 3 | Fund Manager for investments in Gold/Silver instruments | n/a |
Objective: 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. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity and Equity related instruments of entities in Housing and its Allied Business activities: 80% - 100%; Equity and Equity related instruments of entities other than in Housing and its Allied Business activities : 0% -20%; Money market instruments, Other liquid instruments and Units of Mutual Fund^^: 0% -20%; Units of INvITs: 0% - 10%. Gold and Silver instruments: 0% - 20% ^^Units of Domestic Mutual Funds shall only include Overnight Funds, Liquid Funds and Money Market Mutual Funds. Further other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specifie…
Benchmark (tier 1): NIFTY Housing Index (Total Returns Index)
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.
Minimum application: Rs.100
Allotment date: 6 Dec 2017
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | n/a | 1.23% |
| AUM, whole scheme (₹ crore) | 1,100 | 1,272 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -6.2% | -0.7% TRI |
| Return, 3 years (AMFI) | 8.4% | 9.0% TRI |
| Return, 5 years (AMFI) | 10.6% | 8.8% TRI |
| Month-ends above category median (3Y CAGR) | 47% | 53% median |
| Month-ends in category top quartile (3Y) | 1% | 24% median |
| 7Y rolling CAGR, median (monthly windows) | 13.7% | 15.2% median |
Official benchmark: Nifty Housing TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -8.6% | -7.8% | −0.8% |
| 2025 | 0.9% | 7.7% | −6.8% |
| 2024 | 15.2% | 15.6% | −0.5% |
| 2023 | 40.6% | 26.5% | +14.0% |
| 2022 | 14.3% | 3.8% | +10.5% |
| 2021 | 31.2% | 30.6% | +0.6% |
| 2020 | 3.5% | 17.2% | −13.7% |
| 2019 | 3.0% | n/a | – |
| 2018 | -8.7% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 2 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,12,187 | -11.8% |
| 3 years | ₹3,60,000 | ₹3,47,228 | -2.3% |
| 5 years | ₹6,00,000 | ₹7,29,012 | 7.7% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: HDFC Mutual Fund
Category: Sectoral/Thematic
Plan / option: Direct · Growth
AMFI scheme code: 141924
ISIN: INF179KC1AU3
First NAV in MFIC data: 7 Dec 2017
History: 8.8 years
Expense ratio, AUM, portfolio: see the scheme's factsheet
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND | Sectoral/Thematic | 0.97 | 9.6% |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.96 | n/a |
| HDFC Infrastructure Fund | Sectoral/Thematic | 0.96 | 12.8% |
| PGIM India Multi Cap Fund | Multi Cap | 0.96 | n/a |
| Mirae Asset Multicap Fund | Multi Cap | 0.95 | 12.3% |
| HSBC Value Fund | Value | 0.95 | 14.1% |
Questions about HDFC Housing Opportunities Fund
- What is the latest NAV of HDFC Housing Opportunities Fund?
- The NAV of the Direct plan (growth option) was ₹22.1690 on 2 Oct 2026, as published by AMFI.
- Which category is HDFC Housing Opportunities Fund in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 253 Sectoral/Thematic schemes (Direct plans).
- What returns has HDFC Housing Opportunities Fund delivered?
- Over one year the NAV changed by -7.6%. The 3-year CAGR is 8.0% (category median 13.0%) and the 5-year CAGR is 10.5% (category median 12.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 17.5%, the lowest was -2.3%, and 97% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 82% of those periods.
- What was the largest fall in HDFC Housing Opportunities Fund's NAV?
- The largest peak-to-trough fall in its available history was 42.2%; within the last five years it was 23.1% (category median 22.3%).
- How volatile is HDFC Housing Opportunities Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 18.2%, which is above the Sectoral/Thematic category median of 16.7%.
- What would a monthly SIP in HDFC Housing Opportunities Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,29,012 on 2 Oct 2026, an annualised return (XIRR) of 7.7%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- How large is HDFC Housing Opportunities Fund?
- Assets under management of the whole scheme were ₹1,100 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HDFC Housing Opportunities Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of HDFC Housing Opportunities Fund and how has it compared?
- Its official benchmark is the Nifty Housing TRI. Over 3 years AMFI reports a return of 8.4% for this plan against 9.0% for the benchmark total return index; over 5 years 10.6% against 8.8%. Past performance does not indicate future results.
- How often has HDFC Housing Opportunities Fund beaten its category?
- At 47% of the 70 month-ends compared over the last 10 years, its 3-year return was above the median of Sectoral/Thematic schemes (Direct plans); it was in the top quarter at 1% of them. A typical scheme would show about 50%.
- Who manages HDFC Housing Opportunities Fund?
- According to its Scheme Summary Document, HDFC Housing Opportunities Fund is managed by FM 1 (since 11 Sep 2026), FM 2 (since 1 Sep 2026), FM 3.
- What is the exit load of HDFC Housing Opportunities Fund?
- As stated in its scheme documents: 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. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HDFC Housing Opportunities Fund?
- The minimum application amount is Rs.100. SIP details: For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -7.6% and the Regular plan's by -8.5%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 2 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.