ICICI Prudential Life Cycle Fund 2031 Direct Growth

ICICI Prudential Life Cycle Fund 2031 Direct Growth
Launch date26 Aug 2026
Allotment date15 Sep 2026
End date09 Sep 2026
NAV₹10.00
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Exit load
26 Aug 2026
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.
Expense ratio, exit load and taxExpense ratio: --Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implication--
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP--
Fund managementManish Banthia
Aug 2026 - Present
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Education
Mr. Banthia is B.Com, CA and MBA
Experience
He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Also manages these schemes
ICICI Prudential Banking and PSU Debt Fund Direct Growth
ICICI Prudential Balanced Advantage Direct Growth
ICICI Prudential Short Term Fund Direct Plan Growth
ICICI Prudential Medium Term Fund Direct Growth
ICICI Prudential Multi Asset Allocation Fund Direct Growth
ICICI Prudential Corporate Bond Fund Direct Plan Growth
ICICI Prudential Dynamic Term Fund Direct Growth
ICICI Prudential Long Term Fund Direct Growth
ICICI Prudential Gilt Fund Direct Plan Growth
ICICI Prudential Money Market Direct Growth
ICICI Prudential Conservative Hybrid Fund Direct Growth
ICICI Prudential Ultra Short Term Fund Direct Growth
ICICI Prudential Gold ETF FoF Direct Growth
ICICI Prudential Credit Risk Fund Direct Plan Growth
ICICI Prudential Medium to Long Term Fund Direct Growth
ICICI Prudential Income Plus Arbitrage Omni FoF Direct Growth
ICICI Prudential Dynamic Asset Allocation Active FoF Direct Growth
ICICI Prudential Aggressive Hybrid Active FoF Direct Growth
ICICI Prudential Diversified Debt Strategy Active FoF Direct Growth
ICICI Prudential Aggressive Hybrid Fund Direct Growth
ICICI Prudential Balanced Hybrid Fund Direct Growth
ICICI Prudential Multi Asset Active FoF Direct Growth
ICICI Prudential Life Cycle Fund 2036 Direct Growth
ICICI Prudential Life Cycle Fund 2031 Direct Growth
ICICI Prudential Life Cycle Fund 2041 Direct Growth
ICICI Prudential Dynamic Asset Allocation Passive FoF Direct Growth
iSIF Hybrid Long Short Fund Direct Growth
iSIF Active Asset Allocator Long Short Fund Direct Growth
ICICI Prudential Equity Savings Fund Direct Growth
ICICI Prudential 10 year Constant Maturity Gilt Fund Direct Growth
ICICI Prudential Business Cycle Fund Direct Growth
ICICI Prudential Passive Multi Asset FoF Direct Growth
ICICI Prudential Silver ETF FoF Direct Growth
Rohit Lakhotia
Aug 2026 - Present
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Education
Mr. Lakhotia has done B.Tech from NIT(Rourkela) and MBA from National Institute of Industrial Engineering
Experience
Prior to joining ICICI Prudential Mutual Fund, he has worked with Yes Bank and Samsung Electronics
Also manages these schemes
ICICI Prudential Banking and PSU Debt Fund Direct Growth
ICICI Prudential Children's Fund Direct Growth
ICICI Prudential Life Cycle Fund 2036 Direct Growth
ICICI Prudential Life Cycle Fund 2031 Direct Growth
ICICI Prudential Life Cycle Fund 2041 Direct Growth
ICICI Prudential Nifty SDL Sep 2026 Index Fund Direct Growth
ICICI Prudential Nifty SDL Sep 2027 Index Fund Direct Growth
ICICI Prudential Nifty SDL Dec 2028 Index Fund Direct Growth
ICICI Prudential Nifty G Sec Dec 2030 Index Fund Direct Growth
ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund Direct Growth
ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth
ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct Growth
ICICI Prudential Retirement Fund Hybrid Conservative Plan Direct Growth
ICICI Prudential Retirement Fund Pure Debt Plan Direct Growth
ICICI Prudential Fixed Maturity Plan Series 85 10 Years Plan I Direct Growth
Aatur Shah
Aug 2026 - Present
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Education
Chartered Accountant, Chartered Financial Analyst (CFA) and B.Com.
Experience
He has over 10 years of experience in ICICI Prudentail AMC as Product Development & Strategy team and Research Analyst.
Also manages these schemes
ICICI Prudential Small Cap Fund Direct Growth
ICICI Prudential Children's Fund Direct Growth
ICICI Prudential Life Cycle Fund 2036 Direct Growth
ICICI Prudential Life Cycle Fund 2031 Direct Growth
ICICI Prudential Equity Minimum Variance Fund Direct Growth
Gaurav Chikane
Aug 2026 - Present
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Education
Mr. Chikane is a B.E. (IT) and MBA (Finance)
Experience
Prior to joining the ICICI Prudential Mutual Fund, he has an experience of 6.5 years of trading in commodities.
Also manages these schemes
ICICI Prudential Multi Asset Allocation Fund Direct Growth
ICICI Prudential Multi Asset Active FoF Direct Growth
ICICI Prudential Life Cycle Fund 2036 Direct Growth
ICICI Prudential Life Cycle Fund 2031 Direct Growth
ICICI Prudential Life Cycle Fund 2041 Direct Growth
iSIF Active Asset Allocator Long Short Fund Direct Growth
Fund house & investment objective
ICICI Prudential Mutual Fund
Rank (total assets)#3 in India
Total AUM₹11,56,099.67Cr
Date of Incorporation12 Oct 1993
    ICICI Prudential Life Cycle Fund 2031 Direct Growth is a -- Mutual Fund Scheme launched by ICICI Prudential Mutual Fund.     This scheme was made available to investors on 12 Oct 1993.          The fund currently has an Asset Under Management(AUM) of ₹11,56,100 Cr and     the Latest NAV as of 26 Aug 2026 is ₹10.00.  

    The ICICI Prudential Life Cycle Fund 2031 Direct Growth is rated -- risk.          Minimum Lumpsum Investment is ₹100.     
  ;
Investment ObjectiveThe schemes seeks to generate an open-ended life cycle fund with maturity of 5 years following glide path approach for goal-based investing. The Scheme shall invest across asset class. The Scheme shall invest in equity and equity related instruments and Debt, money market instruments to generate capital appreciation and regular income. The Scheme may invest certain portion in units of InvITs, Gold & Silver ETF and Exchange Traded Commodity Derivatives. 
 
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Fund benchmark--
Scheme Information Document(SID)
Fund house contact details
Address
One BKC ,  A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051
Phone
--
Launch Date
12 Oct 1993
E-mail
--
Website
www.icicipruamc.com
Peer ComparisonFund nameRating1Y3YFund Size(Cr)
Franklin India Mid Cap Fund Direct Growth
2
5.7%18.3%12,870.79
Nippon India Small Cap Fund Direct Growth
4
10.8%17.2%78,956.77
Franklin India Small Cap Fund Direct Growth
3
7.5%15.2%14,466.52
HDFC Small Cap Fund Direct Growth
3
-0.8%12.1%41,679.00
Franklin India Technology Fund Direct Growth
--
-5.0%12.0%1,753.91

Rank (total assets)	#3 in India
Total AUM	₹11,56,099.67Cr

Date of Incorporation	12 Oct 1993

Fund benchmark	--

Fund name	Rating	1Y	3Y	Fund Size(Cr)
Franklin India Mid Cap Fund Direct Growth	2	5.7%	18.3%	12,870.79
Nippon India Small Cap Fund Direct Growth	4	10.8%	17.2%	78,956.77
Franklin India Small Cap Fund Direct Growth	3	7.5%	15.2%	14,466.52
HDFC Small Cap Fund Direct Growth	3	-0.8%	12.1%	41,679.00
Franklin India Technology Fund Direct Growth	--	-5.0%	12.0%	1,753.91