OtherLife Cycle Fund with Maturity of 30 YearsDirectIDCWModerate

Mirae Asset Life Cycle Fund 2056

Q: What is the NAV of Mirae Asset Life Cycle Fund 2056?

As of 22 Oct 2026, the NAV of Mirae Asset Life Cycle Fund 2056 is ₹9.91 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset Life Cycle Fund 2056 delivered?

Mirae Asset Life Cycle Fund 2056 has returned -0.38% 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 Mirae Asset Life Cycle Fund 2056?

Mirae Asset Life Cycle Fund 2056 charges an expense ratio of 0.46% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is Mirae Asset Life Cycle Fund 2056?

Mirae Asset Life Cycle Fund 2056 sits at the moderate level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 0.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Mirae Asset Life Cycle Fund 2056?

Mirae Asset Life Cycle Fund 2056 is managed by Ritesh Patel, Basant Bafna and Harshad Borawake at Mirae Asset.

Q: How is Mirae Asset Life Cycle Fund 2056 taxed?

Mirae Asset Life Cycle Fund 2056 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.

Mirae Asset Mutual Fund

NAV

₹9.91

-0.38% 1D

as of 22 Oct 2026

This is the Direct plan of Mirae Asset Life Cycle Fund 2056 — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns

Performance

-0.38%absolute

52-week rangePrev NAV ₹9.95

Latest ₹9.91

Low ₹9.910th percentile of its 52-week rangeHigh ₹9.95

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.46%

Direct 0.46% · Regular 2.46%

Category —

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

—

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

Exit Load

—

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

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

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.

21 Oct 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

—

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

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

—

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.

-0.38%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

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

-0.38%

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; price means no free daily yield exists for that index, so the fund's alpha includes roughly the index's dividend yield. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

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

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

1 monthly installments of ₹10,000 into Mirae Asset Life Cycle Fund 2056, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

0.46%

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 30 Years

Compare all


Mirae Asset Life Cycle Fund 2056This fund Mirae Asset · Direct · IDCW	—	—	—	—	—	0.46%	—
Mirae Asset Life Cycle Fund 2056 Mirae Asset · Direct · Growth	—	—	—	—	—	0.46%	—
Mirae Asset Life Cycle Fund 2056 Mirae Asset · Regular · Growth	—	—	—	—	—	2.46%	—
Mirae Asset Life Cycle Fund 2056 Mirae Asset · Regular · IDCW	—	—	—	—	—	2.46%	—

AMC Profile

Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.

Launched

29 Nov 2007

Total AUM

₹2,37,421Cr+5.5% QoQ

Avg AUM · July - September 2026

Website

miraeassetmf.co.in

Fund Managers

RPRitesh PatelStart date not disclosed

Role

Head – Compliance, Legal and Company Secretary

Education

B.Com. F.C.S., LL.B.

Experience

Mr. Ritesh Patel has over 13 years of Mr. Akshay Udeshi has over 6 years experience in the field of of Commodities Market. Prior to this financial services. He assignment, Mr. Patel has worked as associated with the AMC since June Aditya Birla Money Ltd, IIFL 2021. Prior to this assignment, Mr. Securities, Ventura Securities and Udeshi choice broking Pvt. Ltd.

Funds managed (23)

All schemes Ritesh Patel runs →

BBBasant BafnaStart date not disclosed

Role

Senior Fund Manager

Education

CFA, FRM, MBA (Finance), B Com (Hons), Certified Treasury Professional, Certified Associate of the Indian Institute of Bankers, Clearedall three levels of Company Secretary

Experience

Mr. Basant Bafna has over 14 years of experience in the banking industry. Prior to this assignment, Mr. Basant Bafna worked as Chief Dealer and Assistant General Manager with Export-Import Bank of India. The

Funds managed (8)

All schemes Basant Bafna runs →

HBHarshad BorawakeStart date not disclosed

Role

Head of Research and Fund Manager

Education

MBA (Finance), B.E. (Polymers)

Experience

Mr. Borawake has professional experience of more than 21 years and his primary responsibility Investment Managers (India) Private includes Investment Analysis & Research. Prior to this assignment, he was associated with Motilal Oswal Securities as Vice President (Research). He has also been associated with Cap metrics & Risk Solutions as Research Analyst Equity.

Funds managed (4)

All schemes Harshad Borawake runs →

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

Ritesh Patel Basant Bafna Harshad Borawake

Mirae Asset 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.

Frequently asked questions

What is the NAV of Mirae Asset Life Cycle Fund 2056?

As of 22 Oct 2026, the NAV of Mirae Asset Life Cycle Fund 2056 is ₹9.91 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset Life Cycle Fund 2056 delivered?

Mirae Asset Life Cycle Fund 2056 has returned -0.38% 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 Mirae Asset Life Cycle Fund 2056?

Mirae Asset Life Cycle Fund 2056 charges an expense ratio of 0.46% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is Mirae Asset Life Cycle Fund 2056?

Mirae Asset Life Cycle Fund 2056 sits at the moderate level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 0.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Mirae Asset Life Cycle Fund 2056?

Mirae Asset Life Cycle Fund 2056 is managed by Ritesh Patel, Basant Bafna and Harshad Borawake at Mirae Asset.

How is Mirae Asset Life Cycle Fund 2056 taxed?

Mirae Asset Life Cycle Fund 2056 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.