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mirae asset life cycle fund 2056 directgrowth
Mirae Asset Mutual Fund

Mirae Asset Life Cycle Fund 2056 Direct-Growth

Hybrid: Life Cycle - Growth (Open ended)
SEBI Riskometer: Very HighCategory: Hybrid: Life CycleCheck Portfolio Overlap →
NAV: ₹9.91-0.38%
22 Oct 2026
1 Week returns: -
Category rank: -
1 Month returns: -
Category rank: -
1 Year CAGR: -
Category rank: -
3 Years CAGR: -
Category rank: -
5 Years CAGR: -
Category rank: -
52 week high/low
₹9.91
₹9.95
AUM
-
Expense Ratio
0.46
Inception
1792540.00
P/E
-
P/B
-
Credit Risk
-
IR Risk
-
YTM
-
Duration
-
Maturity
-
Return 3Y
-
Return 5Y
-

Key Talking Points

Important talking points about the scheme's performance, expense ratio and other factors — grouped by positive, negative, and neutral stance.
Positive
Relatively low expense ratio

Expense ratio of the scheme (0.46%) is lower than average expense ratio of the category (2.39%), excluding index funds and ETFs

This measures the relative expense of the scheme with respect to average expense ratio of the category. Investors should always prefer schemes with lower expense, everything else remaining the same

What is Expense ratio?

Negative
Not enough talking points with negative stance
Neutral
Not enough performance data

Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis

Scheme Overview

The Scheme seeks 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).

Scheme Category Overview →

Plan Variants

Mirae Asset Life Cycle Fund 2056 Direct-IDCW
Plan
IDCW
Payout
Irregular

Fund Managers

Harshad Borawake
Since: 28 Sep 2026
View details
Education
Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Past Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.

Key Scheme Details

Inception
20 Oct 2026
Expense Ratio
0.46%
AUM
-
Lock in
No lock in
Taxation
Equity
Min. Investment
₹5,000
Min. Addl Investment
-
Min. SIP Investment
₹99
Exit load
Exit load of 3% if redeemed within 1 year, 2% if redeemed after 1 year but within 2 years and 1% if redeemed after 2 years but within 3 years.

AMC Overview

Mirae Asset Mutual Fund background and AUM insights, category-wise distribution and historical AUM growth.

AUM Analysis

AUM distribution as on date:
Sep 30, 2026
Total AUM: ₹ 2,27,142 Cr
Equity
₹ 1,76,067 Cr
Debt
₹ 25,884 Cr
Hybrid
₹ 20,549 Cr
Commodities
₹ 4,642 Cr
Dec 31, 2021Jan 31, 2022Feb 28, 2022Mar 31, 2022Apr 30, 2022May 31, 2022Jun 30, 2022Jul 31, 2022Aug 31, 2022Sep 30, 2022Oct 31, 2022Nov 30, 2022Dec 31, 2022Jan 31, 2023Feb 28, 2023Mar 31, 2023Apr 30, 2023May 31, 2023Jun 30, 2023Jul 31, 2023Aug 31, 2023Sep 30, 2023Oct 31, 2023Nov 30, 2023Dec 31, 2023Jan 31, 2024Feb 29, 2024Mar 31, 2024Apr 30, 2024May 31, 2024Jun 30, 2024Jul 31, 2024Aug 31, 2024Sep 30, 2024Oct 31, 2024Nov 30, 2024Dec 31, 2024Jan 31, 2025Feb 28, 2025Mar 31, 2025Apr 30, 2025May 31, 2025Jun 30, 2025Jul 31, 2025Aug 31, 2025Sep 30, 2025Oct 31, 2025Nov 30, 2025Dec 31, 2025Jan 31, 2026Feb 28, 2026Mar 31, 2026Apr 30, 2026May 31, 2026Jun 30, 2026Jul 31, 2026Aug 31, 2026Sep 30, 2026
equity86,684 Cr87,706 Cr84,883 Cr89,628 Cr89,349 Cr87,792 Cr85,214 Cr93,462 Cr96,492 Cr94,375 Cr98,010 Cr1,01,609 Cr99,127 Cr97,837 Cr97,331 Cr98,005 Cr1,02,043 Cr1,05,686 Cr1,10,589 Cr1,14,589 Cr1,17,050 Cr1,18,767 Cr1,15,204 Cr1,23,337 Cr1,31,401 Cr1,33,552 Cr1,34,553 Cr1,34,871 Cr1,38,981 Cr1,39,416 Cr1,49,812 Cr1,56,958 Cr1,59,287 Cr1,62,219 Cr1,53,520 Cr1,55,873 Cr1,54,778 Cr1,49,901 Cr1,39,659 Cr1,49,340 Cr1,54,755 Cr1,60,533 Cr1,67,127 Cr1,65,421 Cr1,63,677 Cr1,66,479 Cr1,74,190 Cr1,76,620 Cr1,77,390 Cr1,72,159 Cr1,73,793 Cr1,56,062 Cr1,73,516 Cr1,75,459 Cr1,79,808 Cr1,84,015 Cr1,86,510 Cr1,76,067 Cr
hybrid7,335 Cr7,432 Cr7,306 Cr7,549 Cr7,577 Cr7,488 Cr7,331 Cr7,836 Cr8,814 Cr8,722 Cr9,003 Cr9,219 Cr9,065 Cr8,963 Cr8,817 Cr8,793 Cr9,084 Cr9,343 Cr9,616 Cr9,965 Cr9,988 Cr10,146 Cr10,118 Cr10,800 Cr11,494 Cr12,931 Cr13,300 Cr13,642 Cr14,413 Cr14,764 Cr15,383 Cr16,168 Cr16,593 Cr17,053 Cr16,688 Cr17,020 Cr16,746 Cr16,507 Cr15,886 Cr16,761 Cr17,032 Cr17,709 Cr18,044 Cr17,838 Cr17,604 Cr18,198 Cr19,075 Cr19,743 Cr20,394 Cr19,975 Cr20,509 Cr19,001 Cr20,152 Cr20,382 Cr20,754 Cr21,200 Cr21,363 Cr20,549 Cr
debt6,486 Cr6,990 Cr6,153 Cr6,154 Cr6,366 Cr6,407 Cr6,425 Cr7,342 Cr8,213 Cr7,063 Cr7,834 Cr10,172 Cr9,195 Cr9,368 Cr9,525 Cr7,816 Cr8,665 Cr10,847 Cr9,931 Cr14,077 Cr14,991 Cr13,194 Cr14,877 Cr17,537 Cr13,169 Cr15,881 Cr17,613 Cr11,322 Cr15,235 Cr17,121 Cr16,259 Cr18,198 Cr19,932 Cr17,097 Cr19,893 Cr24,316 Cr19,360 Cr22,533 Cr21,567 Cr16,757 Cr22,335 Cr24,852 Cr21,274 Cr24,926 Cr25,670 Cr22,329 Cr26,721 Cr32,970 Cr27,474 Cr24,272 Cr25,567 Cr21,538 Cr25,921 Cr24,493 Cr22,500 Cr25,348 Cr30,507 Cr25,884 Cr
commodities--------------14 Cr15 Cr15 Cr16 Cr28 Cr28 Cr30 Cr29 Cr37 Cr44 Cr46 Cr49 Cr213 Cr212 Cr280 Cr309 Cr304 Cr377 Cr442 Cr480 Cr550 Cr546 Cr546 Cr617 Cr722 Cr828 Cr854 Cr864 Cr908 Cr970 Cr1,159 Cr1,652 Cr2,102 Cr2,351 Cr2,948 Cr4,607 Cr4,332 Cr4,086 Cr4,175 Cr4,516 Cr4,207 Cr4,266 Cr4,749 Cr4,642 Cr
Total1,00,505 Cr1,02,128 Cr98,341 Cr1,03,331 Cr1,03,293 Cr1,01,687 Cr98,970 Cr1,08,641 Cr1,13,519 Cr1,10,161 Cr1,14,847 Cr1,21,000 Cr1,17,388 Cr1,16,168 Cr1,15,687 Cr1,14,628 Cr1,19,806 Cr1,25,893 Cr1,30,163 Cr1,38,660 Cr1,42,060 Cr1,42,136 Cr1,40,236 Cr1,51,718 Cr1,56,109 Cr1,62,413 Cr1,65,678 Cr1,60,047 Cr1,68,909 Cr1,71,609 Cr1,81,758 Cr1,91,701 Cr1,96,254 Cr1,96,849 Cr1,90,652 Cr1,97,755 Cr1,91,431 Cr1,89,558 Cr1,77,834 Cr1,83,685 Cr1,94,976 Cr2,03,958 Cr2,07,353 Cr2,09,155 Cr2,08,110 Cr2,08,657 Cr2,22,088 Cr2,31,684 Cr2,28,206 Cr2,21,014 Cr2,24,201 Cr2,00,688 Cr2,23,763 Cr2,24,850 Cr2,27,269 Cr2,34,830 Cr2,43,129 Cr2,27,142 Cr

AMC Details

AMC
Mirae Asset Mutual Fund
CEO
Swarup Anand Mohanty(Chief Executive Officer)
CIO
Neelesh Surana(Chief Investment Officer-Equity)
IRO
Girish Dhanani
Trustee
Mirae Asset Trustee Company Private Ltd.
Address
Unit No.606 - 6th Floor,, Windsor Building - Off. CST Road,, Kalina, Santacruz (East),, Mumbai

Frequently Asked Questions

What is the current NAV of Mirae Asset Life Cycle Fund 2056 Direct-Growth?
The current NAV of Mirae Asset Life Cycle Fund 2056 Direct-Growth is ₹9.91 as of 21 Oct 2026. The NAV of a mutual fund reflects the per-unit market value of the fund's holdings and is updated at the end of every trading day.
What is the AUM of Mirae Asset Life Cycle Fund 2056 Direct-Growth?
The AUM (Assets Under Management) of Mirae Asset Life Cycle Fund 2056 Direct-Growth is -. AUM represents the total market value of assets the fund currently manages on behalf of its investors.
What is the expense ratio of Mirae Asset Life Cycle Fund 2056 Direct-Growth?
The expense ratio of Mirae Asset Life Cycle Fund 2056 Direct-Growth is 0.46% per annum. This is the annual fee charged by the fund house to manage your investment. A lower expense ratio means more of your returns stay with you — which is one reason direct plans have a lower expense ratio than regular plans.
Who is the fund manager of Mirae Asset Life Cycle Fund 2056 Direct-Growth?
Mirae Asset Life Cycle Fund 2056 Direct-Growth is managed by Harshad Borawake. You can check the full list of fund managers in the "Fund Manager" section above.
What is the benchmark of Mirae Asset Life Cycle Fund 2056 Direct-Growth?
The benchmark of Mirae Asset Life Cycle Fund 2056 Direct-Growth is -. This is the index against which the fund's performance is measured. Consistently beating the benchmark over long periods is a key indicator of a fund manager's skill.
When was Mirae Asset Life Cycle Fund 2056 Direct-Growth launched?
Mirae Asset Life Cycle Fund 2056 Direct-Growth was launched on 20 Oct 2026. The fund has been in existence for 0 years. A longer track record gives investors more data to evaluate how the fund has performed across different market cycles.
What is the minimum investment in Mirae Asset Life Cycle Fund 2056 Direct-Growth?
The minimum investment in Mirae Asset Life Cycle Fund 2056 Direct-Growth is ₹5,000 for a lump sum and ₹99 per month for a SIP (Systematic Investment Plan). SIPs allow you to invest a fixed amount regularly, making it easier to build wealth over time without needing a large upfront amount.
What is the exit load on Mirae Asset Life Cycle Fund 2056 Direct-Growth?
Mirae Asset Life Cycle Fund 2056 Direct-Growth has an exit load — Exit load of 3% if redeemed within 1 year, 2% if redeemed after 1 year but within 2 years and 1% if redeemed after 2 years but within 3 years.. Exit load is charged to discourage early withdrawals and protect long-term investors in the fund.
What category does Mirae Asset Life Cycle Fund 2056 Direct-Growth belong to?
Mirae Asset Life Cycle Fund 2056 Direct-Growth belongs to the Hybrid: Life Cycle category. You can view other funds in this category.