HDFC Housing Opportunities Fund to turn open-ended from January 19 December 18, 2020 The fund has posted negative return of 1.62% since inception The saga of tweaking the maturity of close ended equity schemes due to their lacklustre performance continues even as equity markets hit a new high every passing day. HDFC Mutual Fund plans to convert its underperforming close ended HDFC Housing Opportunities Fund Series-I to an open ended a month before its maturity. As an open ended equity, it would continue as thematic equity scheme with the same focus on housing sector. The three-year close-ended scheme has asset under management of ₹3,088 crore.