Zerodha Mutual Fund files offer document for Life Cycle Fund 2046
Zerodha Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘Zerodha Life Cycle Fund 2046’. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load will be nil and Exit load for up to 1 year- 3%; More than 1 year and up to 2 years- 2%; More than 2 years and up to 3 years- 1%; More than 3 years – Nil. The Scheme offers only Growth option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against 65% Nifty 200 TRI+ 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 25% CRISIL 10 year Gilt Index. The minimum application amount during NFO will be Rs 100 and any amount thereafter.
The investment objective of the scheme is to provide a goal –based investment solution that seeks to generate long-term capital appreciation by investing across various asset classes, Equity, Debt, InvITs, ETCDs, Gold/Silver ETFs. The fund follows a predetermined maturity and a dynamic glide path strategy across the product life span initially maintaining an aggressive stance and automatically transitioning toward a conservative, debt heavy allocation to protect capital as the target date approaches.
