Zerodha Life Cycle Fund 2031 Direct Growth NAV today
AMFI: 154697ISIN: INF0R8F01240MUTF_IN: ZERO_LIFE_CYCL_1RSC0BTZerodha Mutual FundLife Cycle funds
NAV ₹9.7115up ₹0.02 (0.24%)
NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹10 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 2.98%26 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought. Exit load in the glossary
- None
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 21.830 Sep 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 25330 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 16 Sep 2026
Zerodha Life Cycle Fund 2031 returns
Direct Growth plan
Over each window to 27 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|
| 1 week | −0.99% | – | – | – |
| 1 month | −2.85% | 1 of 4 | −4.00% | −4.7% to −3.3% |
| 3 months | Needs 3 months | – | – | – |
₹10,000 put in on 18 Sep 2026 is ₹9,638 at the NAV of 27 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Rank, median and middle half among the Direct plans of Life Cycle funds, each fund's return to its latest NAV on or before 28 Oct 2026.
Zerodha Life Cycle Fund 2031 expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
Total expense ratio, month by month
Expense ratio at its highest since Sep 2026 in the latest month.Expense ratio lowest 0.49%, Sep 2026.
What the expense ratio is made of
| Part | A year |
|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.42% |
| Brokerage | 0.23% |
| Transaction costs | 0.10% |
| Statutory levies | 2.23% |
Per cent of assets a year, filed for 26 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹0
- SIP
- Accepted
- SIP minimum
- ₹100
- SIP instalments, at least
- 1
- SIP dates
- 1st to 28th
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
As listed for this plan on 28 Oct 2026.
How Zerodha Life Cycle Fund 2031 is taxed
Tax depends on the fund's own mix. With 65% or more in shares of listed Indian companies, gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year, and gains on units held 12 months or less at 20%; with more than 65% in debt and money market instruments, gains on units bought on or after 1 Apr 2023 are taxed at the income tax slab rate however long they are held, and on units bought earlier at 12.5% after 24 months; otherwise, gains on units held over 24 months are taxed at 12.5%, and gains on units held 24 months or less at the income tax slab rate.
Rules in force from 1 Apr 2025, checked 27 Oct 2026. Surcharge and cess are not included.
Zerodha Life Cycle Fund 2031 AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹1.69 CrQuarter to Sep 2026
Zerodha Life Cycle Fund 2031 portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | ||||
|---|---|---|---|---|---|---|
| 6.36% GOI 16-Feb-2031Sovereign, 6.36% coupon, repaid 16 Feb 2031 | Bonds and bills | 26.91% | 2.77 | 2,82,000 | Sep 2026or earlier | |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 5.05% | 0.52 | 2,956 | Sep 2026or earlier |
| The Federal BankBanks | Shares | Mid cap150th | 4.34% | 0.45 | 14,046 | Sep 2026or earlier |
| IndusInd BankBanks | Shares | Mid cap152nd | 4.04% | 0.42 | 4,613 | Sep 2026or earlier |
| InfosysIT - Software | Shares | Large cap9th | 3.74% | 0.38 | 3,870 | Sep 2026or earlier |
| Bajaj FinanceFinance | Shares | Large cap7th | 2.58% | 0.26 | 2,762 | Sep 2026or earlier |
| Zerodha Gold ETF | Fund units | 2.19% | 0.22 | 97,043 | Sep 2026or earlier | |
| Zerodha Silver ETF | Fund units | 2.12% | 0.22 | 98,389 | Sep 2026or earlier | |
| HDFC BankBanks | Shares | Large cap2nd | 2.02% | 0.21 | 2,929 | Sep 2026or earlier |
| ICICI BankBanks | Shares | Large cap5th | 1.76% | 0.18 | 1,370 | Sep 2026or earlier |
| LIC Housing FinanceFinance | Shares | Small cap270th | 1.64% | 0.17 | 3,188 | Sep 2026or earlier |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 1.49% | 0.15 | 1,292 | Sep 2026or earlier |
| Larsen & ToubroConstruction | Shares | Large cap8th | 0.82% | 0.08 | 223 | Sep 2026or earlier |
| BSECapital Markets | Shares | Large cap74th | 0.77% | 0.08 | 256 | Sep 2026or earlier |
| State Bank of IndiaBanks | Shares | Large cap4th | 0.74% | 0.08 | 790 | Sep 2026or earlier |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| Bharti Airtel Limited 27/10/2026 | −4.08% | −0.42 | −2,375 |
| The Federal Bank Limited 27/10/2026 | −3.89% | −0.40 | −12,500 |
| Indusind Bank Limited 27/10/2026 | −3.68% | −0.38 | −4,200 |
| Infosys Limited 27/10/2026 | −3.12% | −0.32 | −3,200 |
| Bajaj Finance Limited 27/10/2026 | −2.11% | −0.22 | −2,250 |
| LIC Housing Finance Ltd 27/10/2026 | −1.57% | −0.16 | −3,000 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Clearing Corporation of India Limited | 19.94% | 2.05 |
| Net Receivable / Payable | −16.92% | −1.75 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 26.91%6.36% GOI 16-Feb-2031
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 44.08%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 54.75%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out. Top 10 shares in the glossary
- 27.48%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 11.2Taken over 96.98% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares65.76%
- Bonds and bills26.91%
- Units of other funds4.31%
- Cash and receivables3.02%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds. Futures and options, net in the glossary−18.45%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces. Futures and options, gross in the glossary18.45%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap52.89%Category 43.72%
- Mid cap43.28%Category 33.48%
- Small cap3.83%Category 22.80%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 6 Life Cycle funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary19sectors
- Financial Services16.23%Category 11.83%
- Capital Goods4.11%Category 4.91%
- Healthcare3.85%Category 5.26%
- Automobile And Auto Components3.25%Category 6.23%
- Information Technology2.81%Category 1.87%
- Oil Gas & Consumable Fuels2.72%Category 2.18%
- Fast Moving Consumer Goods2.38%Category 1.75%
- Consumer Services2.20%Category 2.28%
- Metals & Mining1.92%Category 1.74%
- Telecommunication1.67%Category 1.11%
- Consumer Durables1.63%Category 1.63%
- Power1.56%Category 1.02%
- Chemicals0.99%Category 1.88%
- Services0.89%Category 1.17%
- Construction0.89%Category 0.59%
- Construction Materials0.77%Category 0.52%
- Realty0.77%Category 0.50%
- Textiles0.18%Category 0.14%
- Diversified0.06%Category 0.87%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 6 Life Cycle funds. Category average. The sector's weight, less the futures sold on it, averaged over the 6 Life Cycle funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Risk ratios
NAV to 27 Oct 2026
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| Since Sep 2026 | −4.38% | 23 Sep 2026 | 23 Oct 2026 | Not yet |
Portfolio turnover
- Year to Sep 2026Portfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
- 0.0%
Zerodha Life Cycle Fund 2031 fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Kedarnath MirajkarPrimary | Aug 2026 | – | – | – | – | – | 24 | ₹17,965 Cr₹13,689 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| Zerodha Nifty 1D Rate Liquid ETFKedarnath Mirajkar | Jan 2025 | +5.22%a year | +5.51% | −0.29 pts | ₹10,619 Cr |
| Zerodha Gold ETFKedarnath Mirajkar | Sep 2024 | +36.43%a year | – | – | ₹2,523 Cr |
| Zerodha Nifty LargeMidcap 250 Index FundKedarnath Mirajkar | Oct 2023 | – | – | – | ₹1,569 Cr |
| Zerodha Silver ETFKedarnath Mirajkar | Mar 2025 | +51.07%a year | – | – | ₹1,139 Cr |
| Zerodha Gold ETF FoFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹387 Cr |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index FundKedarnath Mirajkar | Oct 2023 | – | – | – | ₹280 Cr |
| Zerodha Nifty Midcap 150 ETFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹265 Cr |
| Zerodha Silver ETF FoFKedarnath Mirajkar | Jun 2025 | – | – | – | ₹228 Cr |
| Zerodha Multi Asset Passive FoFKedarnath Mirajkar | Jul 2025 | – | – | – | ₹188 Cr |
| Zerodha Nifty 100 ETFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹165 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| Zerodha Life Cycle Fund 2041Zerodha Mutual Fund | 53.60% | 252 |
| Zerodha Life Cycle Fund 2036Zerodha Mutual Fund | 52.76% | 252 |
| ICICI Prudential Life Cycle Fund 2036ICICI Prudential Mutual Fund | 2.15% | 9 |
| ICICI Prudential Life Cycle Fund 2031ICICI Prudential Mutual Fund | 1.31% | 7 |
| ICICI Prudential Life Cycle Fund 2041ICICI Prudential Mutual Fund | 1.16% | 6 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Changes to the fund
Newest first.
2026
- 18 SepTermsSIP instalments: not accepted to accepted
- 17 SepTermsRedemptions: not accepted to accepted
- 17 SepTermsSwitches: not accepted to accepted
- 17 SepTermsWithdrawal plans (SWP): not accepted to accepted
Fund details
Objective
The primary objective of the Zerodha Life Cycle Fund 2031 is to provide a goal-based investment solution that seeks to generate capital appreciation by investing across various asset classes i.e., Equity, Debt, InvITs, ETCDs, Gold/Silver ETFs. The fund follows a pre-determined maturity and a dynamic glide path strategy across the product lifespan initially maintaining an aggressive stance and automatically transitioning toward a conservative, debt-heavy allocation to protect capital as the target date approaches. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
Asset allocation
- The asset allocation will be as follows: Equity and Equity Related : (Maturity Years) 03-05 Yr - 35% to 50%, 1-3 Yr - 20% to 35 %, <1 Yr 5% to 20%
- Debt and Debt Related : (Maturity Years) 03-05 Yr - 25% to 50%, 1-3 Yr - 25% to 65 %, <1 Yr 25% to 65%
- Gold ETFs/Silver ETFs/ETCDs/InvITs : (Maturity Years) 03-05 Yr - 0% to 10%, 1-3 Yr - 0% to 10 %, <1 Yr 0% to 10%
Type of scheme
An open ended fund with attributes of pre-defined maturity and glide path for goal based investing
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary
- 35% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 55% CRISIL 10 year Gilt Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- High
- New fund offer
- 27 Aug 2026 to 10 Sep 2026
- Units first allotted
- 16 Sep 2026
- Open for sale again
- 21 Sep 2026
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹100
Plans and codes
| Plan | AMFI code | ISIN | MUTF_IN | First NAV |
|---|---|---|---|---|
| Direct Growth | 154697 | INF0R8F01240 | ZERO_LIFE_CYCL_1RSC0BT | 18 Sep 2026 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Factsheet - Sep 26Zerodha Mutual Fund, Sep 2026
Statement of additional information
- SAI Zerodha Mutual FundZerodha Mutual Fund, Oct 2026
Annual report
- Annual reportZerodha Mutual Fund, Mar 2026
- Abridged Annual Report for Schemes 2025-26Zerodha Mutual Fund, Mar 2026
Riskometer disclosure
- Annual Disclosure of Risk-o-Meter 2025-26Zerodha Mutual Fund, Mar 2026