Zerodha Life Cycle Fund 2041 Direct Growth NAV today
AMFI: 154437ISIN: INF0R8F01216MUTF_IN: ZERO_LIFE_CYCL_1K696C2Zerodha Mutual FundLife Cycle funds
NAV ₹9.2963up ₹0.03 (0.38%)
NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.
- 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
- 1.14%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
- 24.030 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
- 10 Jul 2026
Zerodha Life Cycle Fund 2041 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 |
|---|---|
| 1 week | −1.78% |
| 1 month | −4.83% |
| 3 months | −6.50% |
| 6 months | Needs 6 months |
₹10,000 put in on 13 Jul 2026 is ₹9,312 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.
Zerodha Life Cycle Fund 2041 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 highest 2.48%, Aug 2026.Expense ratio lowest 0.49%, Jul 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 | 0.08% |
| Transaction costs | 0.02% |
| Statutory levies | 0.62% |
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 29 Oct 2026.
How Zerodha Life Cycle Fund 2041 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 2041 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.
- ₹15 CrQuarter to Sep 2026
Zerodha Life Cycle Fund 2041 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 | ||||
|---|---|---|---|---|---|---|
| 6.94% GOI 11-May-2036Sovereign, 6.94% coupon, repaid 11 May 2036 | Bonds and bills | 12.35% | 2.17 | 2,20,350 | Jul 2026or earlier | |
| Zerodha Gold ETF | Fund units | 4.47% | 0.78 | 3,38,488 | Jul 2026or earlier | |
| Zerodha Silver ETF | Fund units | 4.42% | 0.78 | 3,49,545 | Jul 2026or earlier | |
| HDFC BankBanks | Shares | Large cap2nd | 3.24% | 0.57 | 8,023 | Jul 2026or earlier |
| ICICI BankBanks | Shares | Large cap5th | 2.83% | 0.50 | 3,753 | Jul 2026or earlier |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 2.39% | 0.42 | 3,539 | Jul 2026or earlier |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 1.61% | 0.28 | 1,603 | Jul 2026or earlier |
| Larsen & ToubroConstruction | Shares | Large cap8th | 1.32% | 0.23 | 615 | Jul 2026or earlier |
| BSECapital Markets | Shares | Large cap74th | 1.24% | 0.22 | 705 | Jul 2026or earlier |
| State Bank of IndiaBanks | Shares | Large cap4th | 1.20% | 0.21 | 2,186 | Jul 2026or earlier |
| Axis BankBanks | Shares | Large cap15th | 1.06% | 0.19 | 1,518 | Jul 2026or earlier |
| InfosysIT - Software | Shares | Large cap9th | 1.05% | 0.18 | 1,855 | Jul 2026or earlier |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 0.93% | 0.16 | 3,892 | Jul 2026or earlier |
| Multi Commodity Exchange of IndiaCapital Markets | Shares | Mid cap157th | 0.83% | 0.15 | 442 | Jul 2026or earlier |
| Mahindra & MahindraAutomobiles | Shares | Large cap14th | 0.79% | 0.14 | 468 | Jul 2026or earlier |
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 | 2.05% | 0.36 |
| Net Receivable / Payable | 0.02% | 0.00 |
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
- 12.35%6.94% GOI 11-May-2036
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 27.31%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 35.07%
- 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
- 16.87%
- 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
- 38.7Taken over 97.93% 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 shares76.69%
- Bonds and bills12.35%
- Units of other funds8.89%
- Cash and receivables2.07%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap53.70%Category 43.72%
- Mid cap44.20%Category 33.48%
- Small cap2.10%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 Services23.71%Category 11.83%
- Capital Goods6.66%Category 4.91%
- Healthcare6.23%Category 5.26%
- Automobile And Auto Components5.34%Category 6.23%
- Information Technology4.62%Category 1.87%
- Oil Gas & Consumable Fuels4.40%Category 2.18%
- Fast Moving Consumer Goods3.80%Category 1.75%
- Consumer Services3.56%Category 2.28%
- Metals & Mining3.10%Category 1.74%
- Telecommunication2.73%Category 1.11%
- Consumer Durables2.62%Category 1.63%
- Power2.48%Category 1.02%
- Chemicals1.61%Category 1.88%
- Construction1.44%Category 0.59%
- Services1.41%Category 1.17%
- Construction Materials1.29%Category 0.52%
- Realty1.22%Category 0.50%
- Textiles0.34%Category 0.14%
- Diversified0.13%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.
Sector allocation month by month
| 3 months | ||||
|---|---|---|---|---|
| Financial Services59 companies | 23.71% | 24.49% | 23.81% | |
| Capital Goods28 companies | 6.66% | 7.03% | 6.76% | |
| Healthcare22 companies | 6.23% | 6.31% | 6.19% | |
| Automobile And Auto Components19 companies | 5.34% | 5.57% | 5.55% | |
| Information Technology14 companies | 4.62% | 4.94% | 4.86% | |
| Oil Gas & Consumable Fuels10 companies | 4.40% | 4.45% | 4.51% | |
| Fast Moving Consumer Goods16 companies | 3.80% | 3.81% | 4.08% | |
| Consumer Services12 companies | 3.56% | 3.64% | 3.44% | |
| Metals & Mining12 companies | 3.10% | 3.06% | 3.04% | |
| Telecommunication5 companies | 2.73% | 2.72% | 2.84% | |
| Consumer Durables9 companies | 2.62% | 2.76% | 2.79% | |
| Power12 companies | 2.48% | 2.43% | 2.61% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Jul 2026 to Sep 2026.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 0
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 0
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 142
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 84
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 27
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 0.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 3.97%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| 6.94% GOI 11-May-2036 | Trimmed | 12.35% | 12.83% | −0.48 pts | −11,850 |
| PB Fintech | Added | 0.36% | 0.61% | −0.25 pts | +11 |
| ICICI Bank | Added | 2.83% | 2.99% | −0.16 pts | +31 |
| Zerodha Silver ETF | Added | 4.42% | 4.55% | −0.13 pts | +3,133 |
| HDFC Bank | Added | 3.24% | 3.12% | +0.12 pts | +66 |
| Infosys | Added | 1.05% | 1.14% | −0.09 pts | +44 |
| Reliance Industries | Added | 2.39% | 2.47% | −0.08 pts | +44 |
| Suzlon Energy | Added | 0.47% | 0.54% | −0.07 pts | +399 |
| Zerodha Gold ETF | Trimmed | 4.47% | 4.54% | −0.07 pts | −629 |
| IndusInd Bank | Trimmed | 0.57% | 0.63% | −0.06 pts | −3 |
| The Federal Bank | Added | 0.77% | 0.83% | −0.06 pts | +76 |
| Godrej Properties | Trimmed | 0.21% | 0.27% | −0.06 pts | −9 |
| Bajaj Finance | Trimmed | 0.76% | 0.81% | −0.05 pts | −3 |
| Adani Ports and Special Economic Zone | Added | 0.39% | 0.34% | +0.05 pts | +1 |
| Mahindra & Mahindra | Added | 0.79% | 0.84% | −0.05 pts | +5 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.94% GOI 11-May-2036 | – | – | – | – | – | – | – | – | – | 12.81% | 12.83%Added | 12.35%Cut |
| Zerodha Gold ETF | – | – | – | – | – | – | – | – | – | 4.51% | 4.54%Added | 4.47%Cut |
| Zerodha Silver ETF | – | – | – | – | – | – | – | – | – | 4.50% | 4.55%Added | 4.42%Added |
 HDFC Bank | – | – | – | – | – | – | – | – | – | 3.28% | 3.12%Added | 3.24%Added |
 ICICI Bank | – | – | – | – | – | – | – | – | – | 2.97% | 2.99%Added | 2.83%Added |
 Reliance Industries | – | – | – | – | – | – | – | – | – | 2.54% | 2.47%Added | 2.39%Added |
 Bharti Airtel | – | – | – | – | – | – | – | – | – | 1.70% | 1.57%Added | 1.61%Added |
 Larsen & Toubro | – | – | – | – | – | – | – | – | – | 1.33% | 1.35%Added | 1.32%Added |
 BSE | – | – | – | – | – | – | – | – | – | 1.40% | 1.25%Added | 1.24%Added |
 State Bank of India | – | – | – | – | – | – | – | – | – | 1.21% | 1.25%Added | 1.20%Added |
 Axis Bank | – | – | – | – | – | – | – | – | – | 1.01% | 1.06%Added | 1.06%Added |
 Infosys | – | – | – | – | – | – | – | – | – | 1.13% | 1.14%Added | 1.05%Added |
 Kotak Mahindra Bank | – | – | – | – | – | – | – | – | – | 0.82% | 0.89%Added | 0.93%Added |
 Multi Commodity Exchange of India | – | – | – | – | – | – | – | – | – | 0.63% | 0.82%Added | 0.83%Added |
 Mahindra & Mahindra | – | – | – | – | – | – | – | – | – | 0.86% | 0.84%Added | 0.79%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio 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
Highest 6.0% in Sep 2026
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 Jul 2026 | −9.85% | 25 Aug 2026 | 23 Oct 2026 | Not yet |
Zerodha Life Cycle Fund 2041 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 | Jun 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 2036Zerodha Mutual Fund | 85.65% | 253 |
| Zerodha Life Cycle Fund 2031Zerodha Mutual Fund | 53.60% | 252 |
| ICICI Prudential Life Cycle Fund 2036ICICI Prudential Mutual Fund | 15.84% | 10 |
| ICICI Prudential Life Cycle Fund 2031ICICI Prudential Mutual Fund | 14.46% | 8 |
| ICICI Prudential Life Cycle Fund 2041ICICI Prudential Mutual Fund | 14.22% | 7 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Fund details
Objective
The primary objective of the Zerodha Life Cycle Fund 2041 is to provide a goal-based investment solution that seeks to generate long-term 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 that the investment objective of the Scheme will be achieved.
Asset allocation
- The asset allocation will be as follows: Equity and Equity Related : (Maturity Years) 10-15 Yr - 65% to 80%, 5-10 Yr - 50% to 65 %, 3-5 Yr - 35% to 50%, 1-3 Yr 20% to 35%, <1 Yr 5% to 20%
- Debt and Debt Related : (Maturity Years) 10-15 Yr - 5% to 25%, 5-10 Yr - 5% to 25 %, 3-5 Yr - 25% to 50%, 1-3 Yr 25% to 65%, <1 Yr 25% to 65%
- Gold ETFs/Silver ETFs/ETCDs/InvITs : (Maturity Years) 10-15 Yr - 0% to 10%, 5-10 Yr - 0% to 10%, 3-5 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
- 65% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 25% 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
- Very High
- New fund offer
- 19 Jun 2026 to 7 Jul 2026
- Units first allotted
- 10 Jul 2026
- Open for sale again
- 13 Jul 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 | 154437 | INF0R8F01216 | ZERO_LIFE_CYCL_1K696C2 | 13 Jul 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