OtherLife Cycle Fund with Maturity of 15 YearsDirectGrowthModerate

Zerodha Life Cycle Fund 2041

Q: What is the NAV of Zerodha Life Cycle Fund 2041?

As of 05 Oct 2026, the NAV of Zerodha Life Cycle Fund 2041 is ₹9.52 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Zerodha Life Cycle Fund 2041 delivered?

Zerodha Life Cycle Fund 2041 has returned -4.67% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Zerodha Life Cycle Fund 2041?

Zerodha Life Cycle Fund 2041 charges an expense ratio of 1.14% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Zerodha Life Cycle Fund 2041?

Zerodha Life Cycle Fund 2041's largest holdings are 6.94% GOI 11-May-2036 (12.8%), Zerodha Silver ETF (4.5%), Zerodha Gold ETF (4.5%), HDFC Bank Limited (3.1%) and ICICI Bank Limited (3.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Zerodha Life Cycle Fund 2041?

Zerodha Life Cycle Fund 2041 is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.9% and its worst peak-to-trough fall in our sample was -7.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Zerodha Life Cycle Fund 2041?

Zerodha Life Cycle Fund 2041 is managed by Kedarnath Mirajkar at Zerodha.

Q: How is Zerodha Life Cycle Fund 2041 taxed?

Zerodha Life Cycle Fund 2041 is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Zerodha Mutual Fund

NAV

₹9.52

+0.46% 1D

as of 05 Oct 2026

This is the Direct plan of Zerodha Life Cycle Fund 2041 — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-4.67%absolute

52-week rangePrev NAV ₹9.47

Latest ₹9.52

Low ₹9.476th percentile of its 52-week rangeHigh ₹10.20

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.14%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

21.28

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

13 Jul 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.06%

Absolute return over the last 3 months (not annualized)

-4.67%

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

-4.67%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

-4.67%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.91%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-7.12%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Life Cycle Fund with Maturity of 15 Years)

Period	Fund	Category avg.	Diff
1M abs	-5.06%	—	—
3M abs	-4.67%	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Life Cycle Fund with Maturity of 15 Years, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹20.00K

Current value

₹19.49K

Absolute

-2.53%

XIRR

-45.77%

Value vs. invested

ValueInvested

2 monthly installments of ₹10,000 into Zerodha Life Cycle Fund 2041, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Expense ratio down: 1.39% → 1.14%
02 Oct 2026

History points

Expense ratio

1.14%

Portfolio turnover

Exit load

Nil

P/E ratio

21.3

P/B ratio

4.3

Avg market cap

₹3,10,360Cr

P/E & P/B are portfolio-weighted harmonic means across 226 of 250 equity holdings (73% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Life Cycle Fund with Maturity of 15 Years

Compare all


Zerodha Life Cycle Fund 2041This fund Zerodha · Direct · Growth	—	—	—	—	21.28	1.14%	—
ICICI Prudential Life Cycle Fund 2041 ICICI Prudential	—	—	—	—	—	1.99%	—
ICICI Prudential Life Cycle Fund 2041 ICICI Prudential	—	—	—	—	—	1.99%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 98% of the equity sleeve priced.

Large cap53.4%
Mid cap43.9%
Small cap2.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity78.68%
Debt12.83%
Other9.09%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential Nifty LargeMidcap 250 Index Fund ICICI Prudential · Index Funds	98.9%	★★☆☆☆	0.33%	—
Mirae Asset Nifty LargeMidcap 250 Index Fund Mirae Asset · Index Funds	98.9%	★★☆☆☆	0.43%	—
HDFC Nifty LargeMidcap 250 Index Fund HDFC · Index Funds	98.9%	★★★☆☆	0.25%	—
Edelweiss NIFTY Large Midcap 250 Index Fund Edelweiss · Index Funds	98.9%	★★★★☆	0.35%	+10.56%
Zerodha Nifty LargeMidcap 250 Index Fund Zerodha · Index Funds	98.9%	★★★☆☆	0.38%	—
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Zerodha · Index Funds	98.9%	★★★☆☆	0.36%	—
Edelweiss Nifty LargeMidcap250 Plus 8-13yr G-Sec 70:30 Index Fund Edelweiss · Index Funds	98.7% of 70% equity	—	0.60%	—
Zerodha Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund Zerodha · Index Funds	98.5% of 70% equity	—	0.79%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.61% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.61%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-7.1%25 Aug 2026 → 01 Oct 2026
Still below that high — 37 days down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Zerodha Mutual Fund, which operates as Zerodha Fund House, is a joint venture between the broker Zerodha and smallcase. It launched its first schemes in 2023 and runs index funds and ETFs only — no active equity schemes.

Launched

19 Dec 2021

Total AUM

₹15,373Cr+11.5% QoQ

Avg AUM · April - June 2026

Website

zerodhafundhouse.com

Fund Managers

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Kedarnath Mirajkar

Top holdings

HDFC Bank Limited ICICI Bank Limited Reliance Industries Limited Bharti Airtel Limited Larsen & Toubro Limited BSE Ltd State Bank of India Infosys Limited Axis Bank Limited Kotak Mahindra Bank Limited Mahindra & Mahindra Limited The Federal Bank Limited

Zerodha in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

From the blog

New mutual funds in July 2026: 17 launches
07 Aug 2026
17 new schemes published a first NAV in July 2026, up from 5 in June. Life-cycle funds, multi-asset funds and momentum index products led the list.

Frequently asked questions

What is the NAV of Zerodha Life Cycle Fund 2041?

As of 05 Oct 2026, the NAV of Zerodha Life Cycle Fund 2041 is ₹9.52 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Zerodha Life Cycle Fund 2041 delivered?

Zerodha Life Cycle Fund 2041 has returned -4.67% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Zerodha Life Cycle Fund 2041?

Zerodha Life Cycle Fund 2041 charges an expense ratio of 1.14% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Zerodha Life Cycle Fund 2041?

Zerodha Life Cycle Fund 2041's largest holdings are 6.94% GOI 11-May-2036 (12.8%), Zerodha Silver ETF (4.5%), Zerodha Gold ETF (4.5%), HDFC Bank Limited (3.1%) and ICICI Bank Limited (3.0%). Holdings are disclosed monthly and change over time.

How risky is Zerodha Life Cycle Fund 2041?

Zerodha Life Cycle Fund 2041 is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.9% and its worst peak-to-trough fall in our sample was -7.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Zerodha Life Cycle Fund 2041?

Zerodha Life Cycle Fund 2041 is managed by Kedarnath Mirajkar at Zerodha.

How is Zerodha Life Cycle Fund 2041 taxed?

Zerodha Life Cycle Fund 2041 is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Zerodha Life Cycle Fund 2041

Performance

Key Metrics

Scheme Info

Period returns (<1Y, absolute — not annualized)

Annualized returns (≥1Y — CAGR)

Fund vs category average (Life Cycle Fund with Maturity of 15 Years)

Backtest this fund

Recent changes

Taxation

Peer comparison · Life Cycle Fund with Maturity of 15 Years

Market-cap allocation · AMFI bands, Jul 2026

Asset allocation

Holds the same stocks as (by portfolio overlap, not by category)

🚩Holdings under NSE surveillance (ASM)

AMC Profile

Fund Managers

Explore from here

Zerodha in the news

From the blog

New mutual funds in July 2026: 17 launches

Frequently asked questions

Peer comparison · Life Cycle Fund with Maturity of 15 Years

Market-cap allocation · AMFI bands, Jul 2026

Holds the same stocks as (by portfolio overlap, not by category)

🚩Holdings under NSE surveillance (ASM)