Zerodha Mutual Fund has launched the Zerodha Life Cycle Fund 2036, an open-ended scheme tailored for goal-based investing. The New Fund Offer (NFO) is scheduled from 19-June-2026, to 07-July-2026.
The fund targets long-term capital appreciation through a diversified portfolio of equity, debt, InvITs, gold/silver ETFs, and commodity derivatives.
It utilizes a dynamic “glide path” strategy, automatically transitioning from an aggressive equity-heavy allocation to a conservative debt-heavy stance as the 2036 maturity date approaches.
This systematic asset allocation model helps investors align portfolios with long-term financial objectives while protecting capital near maturity. The scheme will reopen for continuous sale and repurchase within five business days of allotment.
Zerodha Life Cycle Fund 2036 NFO Details
Feature | Details |
Fund name | Zerodha Life Cycle Fund 2036 |
Fund type | Open ended fund |
Category | Life cycle funds |
Benchmark | 50% Nifty 200 tri + 5% domestic prices of physical gold + 5% domestic prices of physical silver + 40% Crisil 10 year Gilt index |
Fund managers | Kedarnath Mirajkar |
NFO open date | 19-June-2026 |
NFO close date | 07-July-2026 |
Allotment/reopening date | 15-July-2026 |
Minimum investment | ₹100/- |
Additional investment | ₹100/- |
SIP | ₹100/- |
NAV | ₹10/- |
Stamp duty | 0.005% of the transaction value |
Entry load | Nil |
Exit load | 3% for 1st year; |
Company details
Entity | Details |
AMC Name | Zerodha asset management private limited |
AUM | ₹15,850 Crores |
Website | |
Address | Indiqube penta, new no. 51 (old no. 14), richmond road, bangalore – 560 025 |
Contact number | +91 8069601101 |
Source: AMFI India : New fund offer
What has Zerodha launched?
Zerodha has launched the Zerodha life cycle fund 2036, a goal-based investment product that simplifies long-term investing by tying asset allocation to a specific target year.
Unlike traditional funds that maintain a static strategy, this fund automatically adjusts its portfolio risk profile over time.
How does the strategy work?
The fund follows a “glide path” strategy, which systematically changes the asset mix based on the time remaining until 2036.
Stage | Strategy |
Early years | Higher allocation to equities for long-term growth |
Mid years | Balanced allocation between equity and debt |
Nearing maturity | Transition toward conservative, debt-heavy and cash-like instruments |
Let’s see through an example
In the early years, the fund maintains a higher exposure to equity to maximize compounding.
As the year 2036 approaches, the fund manager progressively sells equity and buys debt instruments, effectively “locking in” gains and reducing the portfolio’s sensitivity to stock market volatility as your goal date arrives.
Potential benefits
Potential benefit | Why does it matter? |
|---|---|
Automated asset allocation | Removes the need for manual rebalancing as you age or as your goal nears. |
Goal-based focus | Specifically designed to mature in 2036, suiting investors with this time horizon. |
Diversified portfolio | Reduces risk by spreading investments across Equity, Debt, Gold, Silver, and INVITs. |
What are the key risks?
Risk | What does it mean? |
Market volatility | The value of equity and commodity investments can fluctuate daily. |
Interest rate risk | Rising interest rates can negatively impact the price of debt securities held in the portfolio. |
Glide path limitation | The automated shift may limit upside participation if equity markets perform strongly near the target date. |
Liquidity risk | Secondary market trading volumes for some instruments like INVITs or Gold ETFs may limit quick exits. |
Who may consider this fund?
Investor type | Why? |
Goal-oriented investors | Those specifically targeting a financial milestone around 2036. |
Long-term investors | Individuals who prefer a “set and forget” approach to portfolio management. |
Who may not find it suitable?
Investor type | Why? |
Short-term traders | Those seeking high-frequency returns or immediate cash liquidity. |
Active asset allocators | Investors who prefer to control their own equity and debt mix at all times. |
Zerodha Life Cycle fund 2036 vs Traditional Investment options
Option | Return Potential | Risk | Complexity |
Fixed deposit | Low | Very low | Low |
Debt mutual fund | Moderate | Low to moderate | Moderate |
Hybrid mutual fund | Moderate to high | Moderate | Moderate |
Equity mutual fund | High | High | Moderate |
Zerodha life cycle fund 2036 | Market-linked | Varies by glide path | Low (automated) |
Zenith Finserve’s view
The Zerodha life cycle fund 2036 offers a structured, automated approach to long-term wealth creation. By integrating a glide path, it addresses the common investor challenge of timing the exit from risky assets.
You must understand that this is a market-linked product and not a guaranteed-return scheme.
Suitability depends heavily on whether your personal financial goal matches the 2036 timeline and your capacity to bear equity market volatility in the early years.
Please ensure this aligns with your overall portfolio diversification.
How can Zenith Finserve help?
Zenith finserve can assist you in evaluating how this life cycle fund fits into your existing investment portfolio, assessing your risk appetite, and determining whether the 2036 target year is appropriate for your specific financial objectives.
Frequently asked questions (fAQs)
- What is a life cycle fund?
It is a fund that adjusts its asset allocation automatically over time, becoming more conservative as it approaches a pre-defined target maturity year. - Can I invest in this fund for a goal beyond 2036?
This specific fund is designed for the 2036 target year; investors with different timelines should look for funds aligned with their specific goal year. - Are there any guaranteed returns?
No, this is a mutual fund investment and does not offer guaranteed or assured returns. - What happens if I exit before 2036?
You can redeem your units at any time, but exit loads may apply if you redeem within the first three years. - Is a demat account mandatory?
No, units can be held in either demat or statement of account (soa) mode. - Can I switch from other Zerodha schemes to this one?
Yes, investors have the flexibility to switch investments between schemes offered by the mutual fund. - Is the SIP facility available?
Yes, the scheme offers a systematic investment plan (sip) with various frequencies, including daily, weekly, monthly, and quarterly. - How is the exit load calculated?
The exit load is computed based on the date of allotment of units for each purchase transaction on a first-in-first-out (fifo) basis.
