Funds/Sectoral / Thematic/HDFC Housing Opportunities Fund

HDFC Housing Opportunities Fund

HDFC Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund positions heavily in infrastructure, real estate enablers, and financial services—betting on sustained housing-led growth and construction momentum. Banking dominance at nearly 30 percent signals confidence in credit expansion tied to housing demand, while cement and construction together represent over 25 percent, reflecting conviction in supply-side tailwinds. The addition of Kotak Mahindra Bank and modest cash increase suggest the manager is maintaining conviction but selectively pruning exposure, trading liquidity for incremental positioning in quality financials.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹21.3010	+0.36%	-5.56%	-6.78%	-1.43%	+14.98%	+14.78%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

39.14%

Top 10 Weight

62.58%

Active Share

—

Large Cap

64.26%

Gini

0.461

What Changed2026-03-31 → 2026-04-30

Holdings: 36 → 37+1 added−0 removed24 weight shifts ≥ 0.1%

Stock	Sector	Weight
Kotak Mahindra Bank Limited	Banks	1.27%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Larsen and Toubro Ltd. INE018A01030	Construction	EQUITY	8.31%
2	NTPC Limited INE733E01010	Power	EQUITY	8.26%
3	HDFC Bank Ltd.£ INE040A01034	Banks	EQUITY	7.99%
4	State Bank of India INE062A01020	Banks	EQUITY	7.52%
5	ICICI Bank Ltd. INE090A01021	Banks	EQUITY	7.06%
6	Ambuja Cements Ltd. INE079A01024	Cement & Cement Products	EQUITY	5.88%
7	Tata Steel Ltd. INE081A01020	Ferrous Metals	EQUITY	4.90%
8	UltraTech Cement Limited INE481G01011	Cement & Cement Products	EQUITY	4.32%
9	Axis Bank Ltd. INE238A01034	Banks	EQUITY	4.20%
10	Kalpataru Projects International Ltd INE220B01022	Construction	EQUITY	4.14%
11	TREPS - Tri-party Repo		CASH_EQUIVALENT	4.06%
12	Prestige Estates Projects Ltd. INE811K01011	Realty	EQUITY	3.81%
13	JSW Dulux Limited INE133A01011	Consumer Durables	EQUITY	2.20%
14	Electronics Mart India Ltd INE02YR01019	Retailing	EQUITY	1.88%
15	Asian Paints Limited INE021A01026	Consumer Durables	EQUITY	1.82%
16	Repco Home Finance Ltd. INE612J01015	Finance	EQUITY	1.82%
17	Havells India Ltd. INE176B01034	Consumer Durables	EQUITY	1.80%
18	Hindalco Industries Ltd. INE038A01020	Non - Ferrous Metals	EQUITY	1.72%
19	Birla Corporation Ltd. INE340A01012	Cement & Cement Products	EQUITY	1.69%
20	Kolte Patil Developers Limited INE094I01018	Realty	EQUITY	1.59%

Sector Allocation

Banks29.4%

Construction13.6%

Cement & Cement Products11.9%

Consumer Durables11.2%

Power8.3%

Realty6.8%

Ferrous Metals4.9%

Finance2.9%

Non - Ferrous Metals2.5%

Retailing1.9%

Top 10 sectors by % to NAV. Excludes derivatives.