Closed 12 Oct 2026 Mirae Asset Mutual Fund · Life Cycle · Life Cycle Fund with Maturity of 30 Years
Mirae Asset Life Cycle Fund 2056 is a new scheme from Mirae Asset Mutual Fund, in the Life Cycle · Life Cycle Fund with Maturity of 30 Years category. Its new fund offer ran from 28 Sep 2026 to 12 Oct 2026. The minimum investment is ₹5,000. Units were offered at ₹10 each during the offer.
| Fund house | Mirae Asset Mutual Fund |
|---|---|
| Category | Life Cycle · Life Cycle Fund with Maturity of 30 Years |
| Scheme type | Open Ended |
| NFO opens | 28 Sep 2026 |
| NFO closes | 12 Oct 2026 |
| Offer price | ₹10 per unit |
| Minimum investment | Minimum of Rs. 5,000/-and in multiples of Re.1/- |
| Exit load | Exit Load: • If redeemed within 1 Year from the date of allotment/within one year of investment: 3% • If redeemed after 1 Year from the date of allotment/investment but before completion of 2 years: 2% • If redeemed after 2 Year from the date of allotment/investment but before completion of 3 years: 1% • If redeemed after 3 Year from the date of allotment/investment: NIL No Exit Load shall be levied on switch transactions from Regular Plan to Direct Plan and vice versa under the Scheme. |
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). There is no assurance that the investment objective of the Scheme will be achieved.
Quoted from the scheme's own document. An objective is what the scheme intends to do, not what it will achieve.
A new scheme is sold at a fixed price during its offer — here ₹10 a unit — and at its daily NAV afterwards. That fixed price is not a discount: it buys a proportionally smaller share of the same portfolio. What a new scheme genuinely lacks is a record of its own, so there is no return, no drawdown and no expense history to read yet; the objective above and the scheme information document are what exist.
Once this scheme is running you will find its NAV and performance in the Fund Explorer, and you can replay a hypothetical SIP in it with What your SIP actually did.
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