Mirae Asset Life Cycle Fund 2056 NFO Opens With 30-Year Glide Path

Key Takeaways

• Mirae Asset Life Cycle Fund 2056 opened for subscription on September 28, 2026 and will close on October 12. 
• The scheme follows a predetermined glide path that progressively changes its asset allocation as it approaches 2056. 
• The minimum initial investment during the NFO is ₹5,000, while SIP investments can start from ₹99 per month. 

Mirae Asset Mutual Fund has opened the Mirae Asset Life Cycle Fund 2056 for subscription, introducing a long-duration scheme that automatically changes its asset allocation as it moves towards its predetermined maturity. 

The New Fund Offer opened on September 28 and will close on October 12, 2026. The scheme is scheduled to reopen for ongoing transactions on October 21. 

The fund has been structured around a 30-year horizon ending in 2056. Instead of maintaining the same asset mix throughout this period, it will follow a mandatory glide path. 

The portfolio will initially have a larger allocation to growth-oriented assets and progressively shift towards debt, arbitrage and other relatively defensive allocations as the target year approaches. 

Fund Can Invest Across Multiple Asset Classes 

The investment universe is broader than equity and conventional debt securities. 

According to the scheme information, the portfolio can invest in equity and equity-related instruments, debt and money-market securities, infrastructure investment trusts, gold and silver ETFs and exchange-traded commodity derivatives. 

The scheme's stated objective is to generate long-term capital appreciation through this diversified portfolio. There is no assurance that the investment objective will be achieved. 

The minimum initial investment during the NFO is ₹5,000 and subsequent investments can be made in multiples of ₹1. The fund house has also provided a monthly SIP facility starting at ₹99. 

Harshad Borawake will manage the equity portion, Basant Bafna the debt component and Ritesh Patel the commodity investments. 

The product adds a predetermined maturity and rule-based asset-allocation structure to Mirae Asset Mutual Fund's product range, with the portfolio's risk allocation designed to change over the fund's 30-year life cycle.