Mirae Asset Life Cycle Fund 2056 NFO Closes on 12 October 2026

Key Takeaways:

• The Mirae Asset Life Cycle Fund 2056 new fund offer, which opened on September 28, closes on October 12, 2026. 
• The scheme follows a predetermined 30-year asset allocation strategy, gradually reducing equity exposure as its maturity year approaches. 
• The minimum initial investment during the NFO is ₹5,000, while the scheme is scheduled to reopen on October 21, 2026. 

Mirae Asset Life Cycle Fund 2056 Subscription Window Ends 

Mirae Asset Mutual Fund's Life Cycle Fund 2056 NFO concludes on October 12, 2026, following a subscription period that began on September 28. 

The scheme is an open-ended mutual fund with a predetermined maturity year and a mandatory asset allocation glide path. 

According to the fund house, the scheme is designed around a 30-year investment horizon ending in 2056. 

Its investment framework adjusts the allocation between different asset classes over time, with the proportion invested in equities expected to decline as the target year approaches. 

The fund is scheduled to reopen for ongoing subscriptions and redemptions on October 21, 2026. 

How the 30-Year Glide Path Operates 

The scheme follows a rule-based investment strategy that changes the composition of its portfolio over the investment period in mutual funds. 

Equities form a larger component during the earlier years, while exposure to debt and arbitrage instruments increases as the target maturity approaches. 

The objective is to reduce the portfolio's exposure to equity market volatility over time. 

Unlike a discretionary asset allocation strategy, which may alter its positioning primarily in response to prevailing market conditions, a life-cycle fund follows a predetermined allocation schedule. 

The scheme's actual holdings remain subject to the investment limits and provisions specified in its scheme information document. 

The approach does not eliminate investment risks or guarantee capital preservation. 

Investment Strategy and Fund Managers 

Mirae Asset Life Cycle Fund 2056 can invest across several asset classes, including equity and equity-related instruments, debt and money-market securities, infrastructure investment trusts, gold and silver ETFs, and exchange-traded commodity derivatives. 

The scheme is managed by three mutual fund managers with responsibilities across different asset classes. 

Harshad Borawake manages the equity component, Basant Bafna oversees debt investments and Ritesh Patel manages commodity exposure. 

The minimum initial investment during the NFO is ₹5,000, with investments permitted in multiples of ₹1 thereafter. 

The fund house has also announced SIP facilities starting from ₹99 per month, subject to the scheme's applicable conditions. 

Life-Cycle Funds Enter India's Mutual Fund Market 

The launch follows the introduction of life-cycle funds as a distinct category within India's mutual fund framework. 

Such schemes generally use a specified target year and a defined allocation mechanism to adjust investment exposure over time. 

The Mirae Asset Life Cycle Fund 2056 provides a 30-year structure within this category. 

Its performance will depend on the returns of its underlying investments, market conditions, transaction costs and the implementation of its stated asset allocation framework. 

The fund house has clarified that the scheme's investment objective is not assured. 

Verification: Mirae Asset Mutual Fund's official scheme information and 28 September 2026 launch announcement, alongside Economic Times reporting.