Mirae Asset MF introduces Life Cycle Fund 2056
Mirae Asset Mutual Fund has launched Mirae Asset Life Cycle Fund 2056, an open-ended fund with attribute of pre-determined maturity and glide path for goal-based investing. The NFO opens for subscription on September 28, 2026 and closes on October 12, 2026. The Entry Load is not applicable for the scheme. The Exit load will be 3% - If redeemed within 1 Year from the date of allotment/within one year of investment, 2% - If redeemed after 1 Year from the date of allotment/investment but before completion of 2 years, 1% - If redeemed after 2 Year from the date of allotment/investment but before completion of 3 years and No exit load - If redeemed after 3 Year from the date of allotment/investment. No Exit Load shall be levied on switch transactions from Regular Plan to Direct Plan and vice versa under the Scheme. The minimum subscription amount is Rs 5,000/-and in multiples of Re.1/-thereafter.
The performance of the scheme will be benchmarked to the performance of the 65%* Nifty 500 TRI + 25%* Nifty Short Duration Debt Index + 7.5%* Domestic Price of Gold + 2.5%* Domestic Price of Silver and its fund managers are Harshad Borawake (Equity portion), Basant Bafna (Debt portion) and Ritesh Patel (Dedicated Fund Manager for Commodity Investments).
The investment objective of the scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, debt and money market instruments, InvITs, Gold and Silver ETFs, and Exchange Traded Commodity Derivatives (ETCDs).
