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Mirae Asset Life Cycle Fund 2056 Growth
NAV: 04 Nov '26
₹10.28
Min. for SIP
₹99
Fund size (AUM)
--
Expense ratio
5.73%
Rating
--
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹99
Returns and rankings
| Name | 1M | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | +2.8% | -- | -- | +2.8% |
| Category average (Hybrid Life Cycle) | -- | -- | -- | -0.6% |
| Rank (Hybrid Life Cycle) | -- | -- | -- | -- |
Exit load, stamp duty and tax
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.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Fund management
About Mirae Asset Life Cycle Fund 2056 Growth
Mirae Asset Life Cycle Fund 2056 Growth is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Harshad Borawake is the Current Fund Manager of Mirae Asset Life Cycle Fund 2056 Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,27,142 Cr and the Latest NAV as of 04 Nov 2026 is ₹10.28.
The Mirae Asset Life Cycle Fund 2056 Growth is rated Very High risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000. 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.
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Investment Objective
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).
Fund benchmark--
Fund house
Rank (total assets)#13 in India
Total AUM₹2,27,142.09 Cr
Date of Incorporation30 Nov 2007
Launch Date30 Nov 2007
AddressUnit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,