Mirae Asset Life Cycle Fund 2056 Direct Growth

Fund Overview

Fund Size

Expense Ratio

ISIN

INF769K01RU2

Minimum SIP

₹1,000

Exit Load

Inception Date

21 Oct 2026

About this fund

Mirae Asset Life Cycle Fund 2056 Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for NA, having been launched on 21-Oct-26

You can start investing in Mirae Asset Life Cycle Fund 2056 Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Risk & Performance Ratios

Fund Managers

Harshad Borawake

Since October 2026

Basant Bafna

Since October 2026

Ritesh Patel

Since October 2026

Additional Scheme Details

ISIN

INF769K01RU2

Expense Ratio

Exit Load

Fund Size

Age

0 month

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Dynamic Asset Allocation Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Life Cycle Fund 2056 Regular Growth Very High Risk	-	-	-	-
Mirae Asset Life Cycle Fund 2056 Direct Growth Very High Risk	-	-	-	-
The Wealth Company Balanced Advantage Fund Direct Growth Very High Risk	1.3%	1.0%	₹47.77 Cr	-
The Wealth Company Balanced Advantage Fund Regular Growth Very High Risk	3.4%	1.0%	₹47.77 Cr	-
Groww Multi Asset Allocation Fund Regular Growth Very High Risk	2.7%	1.0%	₹389.91 Cr	-
Groww Multi Asset Allocation Fund Direct Growth Very High Risk	0.9%	1.0%	₹389.91 Cr	-
Unifi Dynamic Asset Allocation Fund Direct Growth Moderately High risk	1.4%	1.0%	₹1426.76 Cr	8.6%
Unifi Dynamic Asset Allocation Fund Regular Growth Moderately High risk	2.0%	1.0%	₹1426.76 Cr	7.9%
Canara Robeco Balanced Advantage Fund Regular Growth Very High Risk	2.4%	1.0%	₹1079.26 Cr	-2.2%
Canara Robeco Balanced Advantage Fund Direct Growth Very High Risk	1.0%	1.0%	₹1079.26 Cr	-0.9%
Helios Balanced Advantage Fund Direct Growth Very High Risk	1.3%	0.0%	₹288.35 Cr	2.6%
Helios Balanced Advantage Fund Regular Growth Very High Risk	2.9%	0.0%	₹288.35 Cr	1.1%
Parag Parikh Dynamic Asset Allocation Fund Regular Growth Moderately High risk	0.8%	1.0%	₹2574.82 Cr	3.3%
Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.4%	1.0%	₹2574.82 Cr	3.6%
Samco Dynamic Asset Allocation Fund Direct Growth Very High Risk	2.0%	1.0%	₹167.99 Cr	-1.3%
Samco Dynamic Asset Allocation Fund Regular Growth Very High Risk	3.5%	1.0%	₹167.99 Cr	-2.8%
Bajaj Finserv Balanced Advantage Fund Direct Growth Very High Risk	1.1%	1.0%	₹1276.19 Cr	4.1%
Bajaj Finserv Balanced Advantage Fund Regular Growth Very High Risk	2.6%	1.0%	₹1276.19 Cr	2.5%
HSBC Balanced Advantage Fund Direct Growth Very High Risk	1.2%	1.0%	₹1522.18 Cr	2.0%
HDFC Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹107295.79 Cr	-0.7%
HDFC Balanced Advantage Fund Regular Growth Very High Risk	1.3%	1.0%	₹107295.79 Cr	-1.3%
Edelweiss Balanced Advantage Fund Regular Growth Very High Risk	2.1%	1.0%	₹13445.00 Cr	3.1%
Sundaram Balanced Advantage Fund Direct Growth High Risk	0.6%	1.0%	₹1685.79 Cr	-0.4%
Aditya Birla Sun Life Balanced Advantage Fund Direct Growth Moderately High risk	0.9%	0.0%	₹10125.45 Cr	6.5%
Nippon India Balanced Advantage Fund Direct Growth Very High Risk	0.9%	1.0%	₹9917.51 Cr	2.5%
Invesco India Balanced Advantage Fund Direct Growth Moderately High risk	1.1%	0.0%	₹937.48 Cr	-2.0%
Tata Balanced Advantage Fund Regular Growth Very High Risk	1.9%	0.0%	₹8538.57 Cr	0.1%
Tata Balanced Advantage Fund Direct Growth Very High Risk	0.7%	0.0%	₹8538.57 Cr	1.4%
DSP Dynamic Asset Allocation Fund Regular Growth Very High Risk	2.3%	1.0%	₹3821.11 Cr	2.1%
DSP Dynamic Asset Allocation Fund Direct Growth Very High Risk	1.1%	1.0%	₹3821.11 Cr	3.4%
HSBC Balanced Advantage Fund Regular Growth Very High Risk	2.5%	1.0%	₹1522.18 Cr	0.7%
LIC MF Balanced Advantage Fund Regular Growth Very High Risk	3.0%	1.0%	₹695.74 Cr	0.6%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	1.6%	1.0%	₹695.74 Cr	2.1%
ICICI Prudential Balanced Advantage Fund Regular Growth High Risk	1.5%	1.0%	₹75399.17 Cr	3.1%
ITI Balanced Advantage Fund Regular Growth Very High Risk	3.3%	0.0%	₹348.34 Cr	-1.0%
ITI Balanced Advantage Fund Direct Growth Very High Risk	1.7%	0.0%	₹348.34 Cr	0.7%
Invesco India Balanced Advantage Fund Regular Growth Moderately High risk	2.4%	0.0%	₹937.48 Cr	-3.3%
Sundaram Balanced Advantage Fund Regular Growth High Risk	1.8%	1.0%	₹1685.79 Cr	-1.8%
Union Balanced Advantage Fund Regular Growth Very High Risk	2.6%	1.0%	₹1240.12 Cr	0.3%
Union Balanced Advantage Fund Direct Growth Very High Risk	1.5%	1.0%	₹1240.12 Cr	1.4%
Edelweiss Balanced Advantage Fund Direct Growth Very High Risk	1.0%	1.0%	₹13445.00 Cr	4.2%
Bank of India Balanced Advantage Fund Regular Growth Very High Risk	2.6%	1.0%	₹175.65 Cr	3.2%
Bank of India Balanced Advantage Fund Direct Growth Very High Risk	1.4%	1.0%	₹175.65 Cr	4.4%
Kotak Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹17373.40 Cr	1.2%
Kotak Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹17373.40 Cr	2.3%
PGIM India Balanced Advantage Fund Regular Growth Moderately High risk	2.5%	0.0%	₹738.64 Cr	-3.9%
PGIM India Balanced Advantage Fund Direct Growth Moderately High risk	0.9%	0.0%	₹738.64 Cr	-2.3%
Axis Balanced Advantage Fund Regular Growth Moderately High risk	2.1%	1.0%	₹3835.99 Cr	1.1%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	1.1%	1.0%	₹3835.99 Cr	2.3%
ICICI Prudential Balanced Advantage Fund Direct Growth High Risk	1.0%	1.0%	₹75399.17 Cr	3.6%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹2,41,222 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Life Cycle Fund 2056 Direct Growth Very High Risk	-	-	-	-
Mirae Asset BSE Information Technology Index Fund Direct Growth Very High Risk	-	0.0%	-	-
Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Direct Growth High Risk	8.7%	0.0%	₹13.44 Cr	-
Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Direct Growth Very High Risk	1.2%	0.0%	₹34.96 Cr	-
Platinum Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	2.5%	1.0%	-	-
Mirae Asset Silver ETF FOF Direct Growth Very High Risk	0.2%	0.0%	₹33.41 Cr	-
Mirae Asset Nifty Metal ETF FOF Direct Growth Very High Risk	0.2%	0.0%	₹111.76 Cr	-
Mirae Asset BSE India Defence ETF FOF Direct Growth Very High Risk	0.2%	0.0%	₹123.72 Cr	-
Mirae Asset Infrastructure Fund Direct Growth Very High Risk	0.6%	1.0%	₹488.90 Cr	-
Mirae Asset Multi Factor Passive FOF Direct Growth Very High Risk	0.1%	0.0%	₹30.32 Cr	3.6%
Mirae Asset Gold Silver Passive FoF Direct Growth Very High Risk	0.1%	0.0%	₹1470.16 Cr	47.8%
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹138.43 Cr	6.2%
Mirae Asset Income plus Arbitrage Active FOF Direct Growth Moderate Risk	0.6%	0.0%	₹22.02 Cr	5.3%
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹7.54 Cr	2.1%
Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹9.36 Cr	-3.4%
Mirae Asset Small Cap Fund Direct Growth Very High Risk	0.3%	1.0%	₹5717.05 Cr	11.2%
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹21.96 Cr	-4.3%
Mirae Asset Long Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹19.51 Cr	2.1%
Mirae Asset Gold ETF Fund of Fund Direct Growth High Risk	0.1%	0.0%	₹628.26 Cr	31.5%
Mirae Asset Nifty 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹71.15 Cr	-6.2%
Mirae Asset Nifty LargeMidcap 250 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹37.49 Cr	0.4%
Mirae Asset Nifty Total Market Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹51.56 Cr	-0.7%
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹198.01 Cr	4.6%
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund Regular Growth Very High Risk	0.0%	0.0%	₹293.41 Cr	5.5%
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund Regular Growth Very High Risk	0.1%	0.0%	₹256.52 Cr	6.5%
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.3%	1.0%	₹3690.64 Cr	10.1%
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹4742.18 Cr	-4.2%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹17358.70 Cr	6.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.5%	1.0%	₹45811.35 Cr	2.0%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38166.23 Cr	-3.2%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2433.82 Cr	6.3%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹3586.50 Cr	6.5%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹6751.88 Cr	-2.8%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹115.34 Cr	4.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.0%	0.0%	₹2707.10 Cr	40.2%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹9595.71 Cr	3.1%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹966.51 Cr	-2.1%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹80.82 Cr	-6.6%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.0%	0.0%	₹846.59 Cr	43.6%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹474.92 Cr	6.1%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2065.66 Cr	6.7%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4506.26 Cr	2.9%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.5%	1.0%	₹2356.52 Cr	3.6%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹5619.19 Cr	2.4%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹129.33 Cr	6.2%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹26427.51 Cr	0.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹80.44 Cr	5.7%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹44.38 Cr	4.9%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.0%	0.0%	₹75.94 Cr	-23.0%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹2040.61 Cr	5.1%

Risk Level

Your principal amount will be at Very High Risk

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Who manages the Mirae Asset Life Cycle Fund 2056 Direct Growth?

The fund managers responsible for Mirae Asset Life Cycle Fund 2056 Direct Growth are:-

Harshad Borawake
Basant Bafna
Ritesh Patel

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Mirae Asset Life Cycle Fund 2056 Direct Growth

Fund Overview