Zerodha Life Cycle Fund 2036 Direct Growth NAV today
AMFI: 154436ISIN: INF0R8F01224MUTF_IN: ZERO_LIFE_CYCL_1OFV2HKZerodha Mutual FundLife Cycle funds
NAV ₹9.2941down ₹0.10 (1.11%)
NAV for 23 Oct 2026, against 22 Oct 2026. Declared once a day.
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 1.02%19 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 23.330 Sep 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 25330 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 10 Jul 2026
Zerodha Life Cycle Fund 2036 returns
Direct Growth plan
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). |
|---|---|
| 1 week | −3.25% |
| 1 month | −6.43% |
| 3 months | −5.99% |
| 6 months | Needs 6 months |
₹10,000 put in on 13 Jul 2026 is ₹9,308 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate.
Zerodha Life Cycle Fund 2036 expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.13%Over the last 20 days filed
Total expense ratio, month by month
Expense ratio highest 2.25%, Aug 2026.Expense ratio lowest 0.49%, Jul 2026.
What the expense ratio is made of
| Part | A year |
|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.42% |
| Brokerage | 0.05% |
| Transaction costs | 0.02% |
| Statutory levies | 0.53% |
Per cent of assets a year, filed for 19 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹0
- SIP
- Accepted
- SIP minimum
- ₹100
- SIP instalments, at least
- 1
- SIP dates
- 1st to 28th
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
As listed for this plan on 24 Oct 2026.
Zerodha Life Cycle Fund 2036 AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹16 CrQuarter to Sep 2026
Zerodha Life Cycle Fund 2036 portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| 6.94% GOI 11-May-2036Sovereign, 6.94% coupon, repaid 11 May 2036 | Bonds and bills | 21.67% | 4.52 | 4,59,700 | Jul 2026or earlier | |
| Zerodha Gold ETF | Fund units | 4.47% | 0.93 | 4,02,472 | Jul 2026or earlier | |
| Zerodha Silver ETF | Fund units | 4.42% | 0.92 | 4,15,794 | Jul 2026or earlier | |
| HDFC BankBanks | Shares | Large cap2nd | 4.24% | 0.88 | 12,473 | Jul 2026or earlier |
| Axis BankBanks | Shares | Large cap15th | 2.36% | 0.49 | 4,012 | Jul 2026or earlier |
| ICICI BankBanks | Shares | Large cap5th | 2.36% | 0.49 | 3,730 | Jul 2026or earlier |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 1.98% | 0.41 | 3,486 | Jul 2026or earlier |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 1.32% | 0.28 | 1,569 | Jul 2026or earlier |
| Larsen & ToubroConstruction | Shares | Large cap8th | 1.09% | 0.23 | 603 | Jul 2026or earlier |
| BSECapital Markets | Shares | Large cap74th | 1.03% | 0.21 | 692 | Jul 2026or earlier |
| State Bank of IndiaBanks | Shares | Large cap4th | 0.98% | 0.20 | 2,134 | Jul 2026or earlier |
| InfosysIT - Software | Shares | Large cap9th | 0.88% | 0.18 | 1,846 | Jul 2026or earlier |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 0.76% | 0.16 | 3,817 | Jul 2026or earlier |
| Multi Commodity Exchange of IndiaCapital Markets | Shares | Mid cap157th | 0.69% | 0.14 | 434 | Jul 2026or earlier |
| Mahindra & MahindraAutomobiles | Shares | Large cap14th | 0.65% | 0.14 | 463 | Jul 2026or earlier |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| HDFC Bank Limited 27/10/2026 | −1.56% | −0.33 | −4,550 |
| Axis Bank Limited 27/10/2026 | −1.47% | −0.31 | −2,500 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Clearing Corporation of India Limited | 2.49% | 0.52 |
| Net Receivable / Payable | 0.21% | 0.04 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 21.67%6.94% GOI 11-May-2036
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 37.16%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 44.94%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 17.00%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 16.8Taken over 97.30% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares66.74%
- Bonds and bills21.67%
- Units of other funds8.89%
- Cash and receivables2.70%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.−3.03%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.3.03%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap55.77%Category 43.72%
- Mid cap42.30%Category 33.48%
- Small cap1.93%Category 22.80%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 6 Life Cycle funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.19sectors
- Financial Services19.68%Category 11.83%
- Capital Goods5.58%Category 4.91%
- Healthcare5.13%Category 5.26%
- Automobile And Auto Components4.51%Category 6.23%
- Information Technology3.81%Category 1.87%
- Oil Gas & Consumable Fuels3.63%Category 2.18%
- Fast Moving Consumer Goods3.20%Category 1.75%
- Consumer Services2.96%Category 2.28%
- Metals & Mining2.54%Category 1.74%
- Telecommunication2.23%Category 1.11%
- Consumer Durables2.16%Category 1.63%
- Power2.08%Category 1.02%
- Chemicals1.34%Category 1.88%
- Services1.18%Category 1.17%
- Construction1.18%Category 0.59%
- Construction Materials1.05%Category 0.52%
- Realty1.03%Category 0.50%
- Textiles0.31%Category 0.14%
- Diversified0.11%Category 0.87%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 6 Life Cycle funds. Category average. The sector's weight, less the futures sold on it, averaged over the 6 Life Cycle funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 3 months | ||||
|---|---|---|---|---|
| Financial Services59 companies | 19.68% | 20.25% | 19.77% | |
| Capital Goods28 companies | 5.58% | 5.86% | 5.50% | |
| Healthcare22 companies | 5.13% | 5.12% | 5.07% | |
| Automobile And Auto Components19 companies | 4.51% | 4.68% | 4.59% | |
| Information Technology14 companies | 3.81% | 4.07% | 3.99% | |
| Oil Gas & Consumable Fuels10 companies | 3.63% | 3.64% | 3.76% | |
| Fast Moving Consumer Goods16 companies | 3.20% | 3.17% | 3.32% | |
| Consumer Services12 companies | 2.96% | 2.95% | 2.86% | |
| Metals & Mining12 companies | 2.54% | 2.53% | 2.48% | |
| Telecommunication5 companies | 2.23% | 2.23% | 2.31% | |
| Consumer Durables9 companies | 2.16% | 2.26% | 2.29% | |
| Power12 companies | 2.08% | 1.96% | 2.19% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Jul 2026 to Sep 2026.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 23.03% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 12.03% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 214
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 38
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 2.03%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 5.77%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| HDFC Bank | Added | 4.24% | 2.58% | +1.66 pts | +5,347 |
| Axis Bank | Trimmed | 2.36% | 2.95% | −0.59 pts | −427 |
| PB Fintech | Added | 0.30% | 0.50% | −0.20 pts | +69 |
| ICICI Bank | Added | 2.36% | 2.48% | −0.12 pts | +398 |
| Zerodha Silver ETF | Added | 4.42% | 4.53% | −0.11 pts | +41,981 |
| Reliance Industries | Added | 1.98% | 2.05% | −0.07 pts | +341 |
| Suzlon Energy | Added | 0.39% | 0.46% | −0.07 pts | +1,927 |
| Laurus Labs | Added | 0.63% | 0.57% | +0.06 pts | +82 |
| Zerodha Gold ETF | Added | 4.47% | 4.53% | −0.06 pts | +36,681 |
| Coforge | Added | 0.49% | 0.54% | −0.05 pts | +51 |
| Infosys | Added | 0.88% | 0.93% | −0.05 pts | +241 |
| State Bank of India | Added | 0.98% | 1.03% | −0.05 pts | +233 |
| Tata Consultancy Services | Added | 0.52% | 0.57% | −0.05 pts | +62 |
| The Federal Bank | Added | 0.64% | 0.69% | −0.05 pts | +399 |
| Bajaj Finance | Added | 0.64% | 0.68% | −0.04 pts | +133 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 3 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.94% GOI 11-May-2036 | – | – | – | – | – | – | – | – | – | 21.77% | 21.67%Added | 21.67%Added |
| Zerodha Gold ETF | – | – | – | – | – | – | – | – | – | 4.53% | 4.53%Added | 4.47%Added |
| Zerodha Silver ETF | – | – | – | – | – | – | – | – | – | 4.52% | 4.53%Added | 4.42%Added |
 HDFC Bank | – | – | – | – | – | – | – | – | – | 2.70% | 2.58%Added | 4.24%Added |
 Axis Bank | – | – | – | – | – | – | – | – | – | 3.38% | 2.95%Added | 2.36%Cut |
 ICICI Bank | – | – | – | – | – | – | – | – | – | 2.44% | 2.48%Added | 2.36%Added |
 Reliance Industries | – | – | – | – | – | – | – | – | – | 2.09% | 2.05%Added | 1.98%Added |
 Bharti Airtel | – | – | – | – | – | – | – | – | – | 1.42% | 1.29%Added | 1.32%Added |
 Larsen & Toubro | – | – | – | – | – | – | – | – | – | 1.07% | 1.11%Added | 1.09%Added |
 BSE | – | – | – | – | – | – | – | – | – | 1.16% | 1.03%Added | 1.03%Added |
 State Bank of India | – | – | – | – | – | – | – | – | – | 0.99% | 1.03%Added | 0.98%Added |
 Infosys | – | – | – | – | – | – | – | – | – | 0.92% | 0.93%Added | 0.88%Added |
 Kotak Mahindra Bank | – | – | – | – | – | – | – | – | – | 0.68% | 0.74%Added | 0.76%Added |
 Multi Commodity Exchange of India | – | – | – | – | – | – | – | – | – | 0.54% | 0.67%Added | 0.69%Added |
 Mahindra & Mahindra | – | – | – | – | – | – | – | – | – | 0.70% | 0.68%Added | 0.65%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap. The 250 largest of the 253 holdings other than cash in the latest month.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 0.0% in Jul 2026
Risk ratios
NAV to 23 Oct 2026
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| Since Jul 2026 | −8.75% | 25 Aug 2026 | 23 Oct 2026 | Not yet |
Zerodha Life Cycle Fund 2036 fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Kedarnath MirajkarPrimary | Jun 2026 | – | – | – | – | – | 24 | ₹17,965 Cr₹13,689 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Zerodha Nifty 1D Rate Liquid ETFKedarnath Mirajkar | Jan 2025 | +5.21%a year | +5.48% | −0.26 pts | ₹10,619 Cr |
| Zerodha Gold ETFKedarnath Mirajkar | Sep 2024 | +39.02%a year | – | – | ₹2,523 Cr |
| Zerodha Nifty LargeMidcap 250 Index FundKedarnath Mirajkar | Oct 2023 | – | – | – | ₹1,569 Cr |
| Zerodha Silver ETFKedarnath Mirajkar | Mar 2025 | +59.95%a year | – | – | ₹1,139 Cr |
| Zerodha Gold ETF FoFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹387 Cr |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index FundKedarnath Mirajkar | Oct 2023 | – | – | – | ₹280 Cr |
| Zerodha Nifty Midcap 150 ETFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹265 Cr |
| Zerodha Silver ETF FoFKedarnath Mirajkar | Jun 2025 | – | – | – | ₹228 Cr |
| Zerodha Multi Asset Passive FoFKedarnath Mirajkar | Jul 2025 | – | – | – | ₹188 Cr |
| Zerodha Nifty 100 ETFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹165 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Zerodha Life Cycle Fund 2041Zerodha Mutual Fund | 85.65% | 253 |
| Zerodha Life Cycle Fund 2031Zerodha Mutual Fund | 52.76% | 252 |
| ICICI Prudential Life Cycle Fund 2031ICICI Prudential Mutual Fund | 21.71% | 8 |
| ICICI Prudential Life Cycle Fund 2036ICICI Prudential Mutual Fund | 17.89% | 10 |
| ICICI Prudential Life Cycle Fund 2041ICICI Prudential Mutual Fund | 14.93% | 7 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Fund details
Objective
The primary objective of the Zerodha Life Cycle Fund 2036 is to provide a goal-based investment solution that seeks to generate long-term capital appreciation by investing across various asset classes i.e., Equity, Debt, InvITs, ETCDs, Gold and Silver ETFs. The fund follows a pre-determined maturity and a dynamic glide path strategy across the product lifespan initially maintaining an aggressive stance and automatically transitioning toward a conservative, debt-heavy allocation to protect capital as the target date approaches. There is no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- The asset allocation will be as follows: Equity and Equity Related : (Maturity Years) 5-10 Yr - 50% to 65%, 3-5 Yr - 35% to 50 %, 1-3 Yr - 20% to 35%, <1 Yr 5% to 20%
- Debt and Debt Related : (Maturity Years) 5-10 Yr - 5% to 25%, 3-5 Yr - 25% to 50 %, 1-3 Yr - 25% to 65%, <1 Yr 25% to 65%
- Gold ETFs*/Silver ETFs/ETCDs/InvITs : (Maturity Years) 5-10 Yr - 0% to 10%, 3-5 Yr - 0% to 10 %, 1-3 Yr - 0% to 10%, <1 Yr 0% to 10%
Type of scheme
An open ended fund with attributes of pre-defined maturity and glide path for goal based investing
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- 50% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 40% CRISIL 10 year Gilt Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High
- New fund offer
- 19 Jun 2026 to 7 Jul 2026
- Units first allotted
- 10 Jul 2026
- Open for sale again
- 13 Jul 2026
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹100
Plans and codes
| Plan | AMFI code | ISIN | MUTF_IN | First NAV |
|---|---|---|---|---|
| Direct Growth | 154436 | INF0R8F01224 | ZERO_LIFE_CYCL_1OFV2HK | 13 Jul 2026 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Factsheet - Sep 26 (opens in a new tab)Zerodha Mutual Fund, Sep 2026
Statement of additional information
- SAI Zerodha Mutual Fund (opens in a new tab)Zerodha Mutual Fund, Oct 2026
Annual report
- Annual report (opens in a new tab)Zerodha Mutual Fund, Mar 2026
- Abridged Annual Report for Schemes 2025-26 (opens in a new tab)Zerodha Mutual Fund, Mar 2026
Riskometer disclosure
- Annual Disclosure of Risk-o-Meter 2025-26 (opens in a new tab)Zerodha Mutual Fund, Mar 2026