Mirae Asset Mutual Fund has launched the Mirae Asset Life Cycle Fund 2056, a new scheme from Mirae Asset Investment Managers (India) Private Limited. Its NFO opens on 28 September 2026 and closes on 12 October 2026.
The scheme is built around one idea: an asset mix that changes on its own as 2056 nears, starting equity heavy and gradually moving into debt, gold, silver and arbitrage over three decades.
For an investor with a goal that far out, such as retirement or a child’s future, the fund shifts from growth to stability for you.
Mirae Asset Life Cycle Fund 2056 NFO Details
Fund name | |
Fund type | Open ended |
Category | Life Cycle Fund |
Nature of scheme | Pre-determined maturity, glide path, goal based |
Benchmark | 65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index + 7.5% gold + 2.5% silver |
Fund managers | Harshad Borawake (equity), Basant Bafna (debt), Ritesh Patel (commodities) |
NFO opens | 28-09-2026 |
NFO closes | 12-10-2026 |
Allotment / reopening date | 21-10-2026 |
Minimum investment | Rs. 5,000, in multiples of Re. 1 |
Additional investment | Rs. 1,000, in multiples of Re. 1 |
SIP amount | Rs. 99, in multiples of Re. 1 |
NAV | Rs. 10 per unit during the NFO |
Stamp duty | 0.005% |
Entry load | Nil |
Exit load | 3% (year 1), 2% (year 2), 1% (year 3), nil after |
Mirae Asset Investment Managers: AMC Details
AMC name | Mirae Asset Investment Managers (India) Private Limited |
Assets under management | ₹2,43,129 crore |
Website | |
Registered office | Unit No. 606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai 400098 |
Contact number | 1800 2090 777 |
Source: AMFI India – New fund offer: Mirae Asset Life Cycle Fund 2056
What Has Mirae Asset Launched With This NFO?
Mirae Asset Life Cycle Fund 2056 is an open ended scheme built around a fixed maturity year, not a fixed style like large cap or debt. It follows an active strategy: the managers pick stocks and bonds rather than tracking an index.
Its glide path sets it apart. Instead of one static equity to debt mix for life, the allocation shifts on a schedule tied to years remaining until 2056: heavy on equity early, then gradually replaced by debt and equity arbitrage, which behaves like debt but is taxed as equity.
Up to 10% can sit in Gold ETFs, Silver ETFs, ETCDs and InvITs, and up to 15% overseas, so one scheme carries an investor through a single, distant goal.
How Does the Life Cycle Fund 2056 Strategy Work?
The fund’s strategy has one moving part: time. Stock and bond picks sit inside a structure that turns more conservative as the scheme nears its 2056 maturity.
Step | What happens? |
1 | Years left until 2056 are worked out each year. |
2 | That places the portfolio into one of six bands, each with its own equity, debt and alternative range. |
3 | Early on, equity (excl. arbitrage) can reach 95%, with debt at 5-25%. |
4 | Through the middle bands, direct equity falls and part shifts into arbitrage, taxed as equity though it behaves like debt. |
5 | Gold, Silver ETFs, ETCDs and InvITs can take up to 10% of assets in every band. |
6 | If the portfolio drifts outside its band, the manager rebalances within 30 business days. |
Understanding the Glide Path Through an Example
Take Aditya, 34, targeting a large corpus by 2056, roughly when he plans to retire. He starts a SIP today. With 2056 about 30 years away, his money sits in the 15-30 year band, where equity can run up to 95%, much like a diversified equity fund with a small debt cushion.
Two decades on, in his mid-fifties, the fund has moved into the 5-10 year band: direct equity has come down, part has shifted into arbitrage, and the debt and gold-silver sleeve has grown, all without Aditya switching schemes himself.
Mirae Asset Life Cycle Fund 2056 Portfolio Allocation
This is a glide path fund, so its allocation is not one fixed mix. It changes across six bands as the scheme moves towards 2056, shown below as indicative ranges.
Years to maturity | Equity (excl. arbitrage) | Arbitrage | Debt & money market | Gold/Silver, ETCDs, InvITs |
15-30 years | 65-95% | 0% | 5-25% | 0-10% |
10-15 years | 65-80% | 0% | 5-25% | 0-10% |
5-10 years | 50-65% | 0-10% | 5-25% | 0-10% |
3-5 years | 35-50% | 15-30% | 25-50% | 0-10% |
1-3 years | 20-35% | 30-45% | 25-65% | 0-10% |
Under 1 year | 5-20% | 45-50% | 25-65% | 0% |
Investment Strategy Behind the Fund
On equity, the managers look for businesses with a large opportunity, a durable edge over rivals and room for error on price, spread widely to avoid leaning on a handful of names.
On debt, a top down view of interest rate movements is combined with bottom up checks on each issuer, tracked in-house alongside agencies like CRISIL and ICRA.
Derivatives are mainly used for arbitrage and occasional hedging, while Gold and Silver ETF exposure follows inflation, rates and global demand and supply, rather than staying fixed.
Potential Benefits of Mirae Asset Life Cycle Fund 2056
Potential benefit | Why does it matter? |
One scheme for a 30 year goal | No new fund to pick as your goal nears; the glide path works inside one folio. |
Four asset classes in one fund | Equity, debt, gold and silver sit in a single portfolio. |
Automatic shift towards stability | The mix moves from growth oriented equity towards debt and arbitrage as 2056 nears. |
Tax efficient equity treatment | Arbitrage counts as equity for tax, so it turns conservative while staying taxed as equity. |
Long compounding runway | A three decade horizon lets the early, equity heavy phase ride out several market cycles. |
Things to Know Before Investing in This NFO
Consideration | What it means |
Market movements | The equity portion moves with the broader stock market, especially in early bands. |
Interest rate movements | Bond prices tend to move opposite to interest rates. |
Credit quality | Debt returns depend on issuers paying on time. |
Gold and silver price swings | The commodity sleeve can swing with global prices short term. |
Fixed, rule based glide path | The manager cannot deviate from the set allocation, even if conditions change. |
Who May Consider Mirae Asset Life Cycle Fund 2056?
Investor type | Why it may fit |
Young professional starting a retirement goal decades away | The long horizon and high early equity suit someone investing for 25 to 30 years. |
Parent investing for a child’s milestone around 2056 | The glide path suits a single, dated goal, not an open ended one. |
NRI wanting one Indian goal-based product | One scheme across equity, debt, gold and silver, without building a portfolio from abroad. |
Investor who prefers not to rebalance manually | The mix shifts on schedule, without switching funds as the goal nears. |
Who May Not Find This Fund Suitable?
Investor type | Why it may not fit |
Investor with a goal before 2056 | A nearer goal sits in the wrong band of a schedule built around 2056. |
Investor who wants to set their own asset mix | The bands are fixed, with no option to hold more or less equity. |
Someone who may need the money within 3 years | An exit load applies on redemption within the first three years. |
Investor uncomfortable with a high initial equity allocation | The 15-30 year band can hold up to 95% in equity. |
How This New Fund Compares With Traditional Options
Option | Return potential | Volatility | Liquidity | Horizon | Suited to |
Fixed Deposit | Fixed | Low | Exit cost | Any | Capital protection |
Debt Mutual Fund | Moderate | Low-mod. | High | Short-medium | Steady income |
Hybrid Fund | Mod.-high | Moderate | High | Medium-long | One fixed mix |
Equity Mutual Fund | High | High | High | Long | Pure growth |
This New Fund | Band-based | Shifts to 2056 | Exit load 3 yrs | Fixed to 2056 | Single dated goal |
Mirae Asset Life Cycle Fund 2056 Review by Zenith Finserve
Mirae Asset Life Cycle Fund 2056 fits a specific job: a single scheme for a goal roughly 30 years out, such as retirement for someone in their thirties or an expense tied to a child born around now. The glide path removes a recurring task, trimming equity and adding debt on a fixed schedule set out in the SID.
That schedule cuts both ways: it suits an investor comfortable with high early equity, but less well if their own goal date could move, since the bands are tied firmly to 2056. Check that a 2056 dated fund genuinely matches your own goal before investing.
How Zenith Finserve Can Help
At Zenith Finserve, we follow a process driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans and tax situation before suggesting investments.
We align our investment suggestions with your financial objectives and review them periodically to keep them suitable as your circumstances change.
Similar NFOs on Zenith Finserve
Zerodha Life Cycle Fund 2031: same Life Cycle category, nearer 2031 goal.
ICICI Prudential Life Cycle Fund 2041: similar glide path, maturing in 2041.
Mirae Asset Life Cycle Fund 2056 NFO: Frequently Asked Questions
What is Mirae Asset Life Cycle Fund 2056?
An open ended scheme whose equity, debt and alternative asset mix shifts on its own as it nears 2056.
When does the NFO open and close?
It opens on 28 September 2026 and closes on 12 October 2026.
What is the minimum investment?
Rs. 5,000 lump sum, or Rs. 99 through SIP, in multiples of Re. 1 thereafter.
Is Mirae Asset Life Cycle Fund 2056 NFO good to invest in?
It depends on your own goal and comfort with high early equity.
What does the fund invest in?
Equity, debt, money market instruments, arbitrage, Gold and Silver ETFs, ETCDs, InvITs, and up to 15% overseas.
How does the glide path work?
The mix moves through six bands tied to years left until 2056, from equity heavy to conservative.
What is the exit load?
3% within 1 year, 2% in year two, 1% in year three, nil after 3 years.
Who manages the fund?
Harshad Borawake (equity), Basant Bafna (debt) and Ritesh Patel (commodities).
What is the benchmark?
65% Nifty 500 TRI, 25% Nifty Short Duration Debt Index, 7.5% gold and 2.5% silver.
When does the fund mature?
At the end of 30 years, in 2056, though it may merge into a nearer dated Life Cycle fund with unit holder consent.
Mirae Asset Life Cycle Fund 2056 review: is it worth considering?
It suits a long, dated goal near 2056 if you’re comfortable with a fixed glide path. See our review above.
