UTI BSE Housing Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
UTI BSE Housing Index Fund Direct Growth Plan is a High Risk index fund with a NAV of ₹13.3051 as of 17 Sep 2026 and a scheme AUM of ₹23 Cr. Its 1-year, 3-year and 5-year returns are -13.53%, 5.4% and 0% respectively. Our view is that the fund suits investors who can accept sharp swings and are looking for housing-theme exposure through a benchmark-aware structure rather than steady near-term stability.
The recent return pattern has been weak, but the 3-year number is still positive and the portfolio is built around housing and housing-adjacent businesses. That combination can make sense for investors with a long horizon and a clear view that they want thematic equity exposure, but it does not fit a capital-preservation mindset.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.3051 as of 17 Sep 2026 |
| AUM | ₹23 Cr |
| Expense Ratio | 0.59% |
| Launch Date | 07 Jun 2023 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Sharwan Kumar Goyal, Ayush Jain, Lokesh Kulthia |
The fund is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -7.79% | -3.66% |
| 3M | -5.42% | -3.71% |
| 1Y | -13.53% | -7.13% |
| 3Y | 5.4% | 5.82% |
| 5Y | Data not available | Data not available |
The recent picture is soft. Over 1 month, 3 months and 1 year, the fund has stayed below the benchmark, which tells us the housing theme has been under pressure even when the broader market was not falling as quickly. The 1-year figure is especially weak at -13.53%, versus -7.13% for the benchmark.
The longer horizon looks better, but not strong enough to remove the short-term caution. The 3-year return of 5.4% remains positive, yet it trails the benchmark’s 5.82%. That gap is small, but it still indicates that the fund has not added extra value over the broad market across this period.
The pattern in the 1M and 3M series also points to a choppier path than the benchmark. The fund has recovered at times, but the recovery has not been smooth, and the recent weakness suggests the theme is sensitive to market mood. For investors, that means the fund may be best viewed as a niche allocation rather than a core equity holding.
There is also an important context point: the fund’s 5-year return is shown as 0% because the scheme has not been running for five years yet. So the longer-term read here is really limited to the available 3-year history, where the fund has been modestly positive but still behind the benchmark.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD UTI BSE Housing Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding UTI BSE Housing Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| UTI BSE Housing Index Fund Direct Growth Plan | -13.53% | 5.4% | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Against the peer set, the fund’s 1-year return is much weaker than every peer listed here. That matters because the recent period has been the clearest stress test, and the fund has not kept pace with the stronger housing- and sector-linked alternatives.
The 3-year picture is more mixed. The fund remains positive, but it still trails the peers where 3-year figures are available, such as ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan and ICICI Pru Nifty Pharma Index Fund Direct Growth Plan. The short-term and medium-term comparisons therefore tell different stories: the fund has struggled recently, and it has also not built a stronger 3-year edge versus the peer names that provide a longer history.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Eq – Dixon Technologies (India) Ltd | Consumer Durables | 5.93% |
| Eq – DLF Ltd. | Realty | 5.56% |
| Eq – Lodha Developerslimited | Realty | 5.39% |
| Eq – Kei Industries Ltd. | Electricals | 5.02% |
| Eq – Grasim Industries Ltd. | Diversified | 5% |
| Eq – Phoenix Mills Ltd | Realty | 4.94% |
| Eq – Ultratech Cement Ltd. | Construction Materials | 4.9% |
| Eq – Havells India Ltd. | Capital Goods | 4.82% |
| Eq – Shree Cement Ltd. | Construction Materials | 4.6% |
| Eq – Polycab India Ltd | Electricals | 4.47% |
The top 10 holdings account for approximately 50.63% of the portfolio.
To see all holdings, visit the UTI BSE Housing Index Fund Direct Growth Plan page
The largest holding is Dixon Technologies (India) Ltd at 5.93%, which is sizable but not overwhelming on its own. The weight then steps down gradually through DLF, Lodha Developers, KEI Industries and the rest of the top ten, so the fund does not rely on one single position to dominate the visible portfolio.
Even so, the concentration across the leading names is meaningful. With the top 10 holdings accounting for about half the portfolio, the fund may be influenced more by the performance of a relatively short list of companies than by a very broad spread of positions. The 26 disclosed holdings suggest a longer tail beyond the table, but the visible slice still looks focused.
That structure fits a thematic index fund. It may help keep the portfolio aligned to housing-linked businesses, but it also means changes in a few large positions could matter more than they would in a diversified multi-sector equity fund.
Source data date: as of 17 Sep 2026
Who should invest
This fund fits investors who can tolerate a High Risk profile and are comfortable with a thematic allocation that has recently lagged the benchmark. The 3-year return remains positive, but the 1-year and shorter-period numbers show that performance can move sharply.
A longer holding horizon is important here because short-term volatility has been noticeable, and the portfolio is concentrated enough for a few names to matter. The main trade-off is that you get focused housing exposure, but you must accept uneven returns and the possibility that the fund may trail broader equity measures for stretches of time.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of UTI BSE Housing Index Fund Direct Growth Plan?
The current NAV is ₹13.3051 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -13.53%, the 3-year return is 5.4%, and the 5-year return is 0%.
How has the fund done versus its benchmark?
The fund has trailed the benchmark over 1 month, 3 months, 1 year and 3 years. The gap is clearest over 1 year, where the fund is at -13.53% versus -7.13% for the benchmark.
How does it compare with the peer funds listed here?
Its 1-year return is weaker than the peer funds shown here, while its 3-year return is also below the peers where a 3-year figure is available. The shorter-term and medium-term comparisons both point to a softer recent track record.
Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹500.
What are the risk, portfolio and exit-load features?
The fund is tagged High Risk, and its top holdings are led by Dixon Technologies (India) Ltd at 5.93%. It has no exit load, and the fund is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia.
Bottom line
UTI BSE Housing Index Fund Direct Growth Plan has a weak recent record, while the 3-year figure remains only modestly positive and still below the benchmark. The peer set makes the same point more sharply: the fund has not matched the stronger return profiles visible in the comparison table. Its High Risk label and concentrated housing-linked portfolio mean it can be suitable only for investors who understand the theme and are willing to hold through volatility.
Published on 18 September 2026 at 1:20 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.