# Life Cycle funds

Moves from shares towards debt as the target year in the fund's name approaches.

Full page: https://discovermf.com/categories/life-cycle
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

4 funds managing ₹129 cr. Category averages: — over one year, — a year over three years; typical expense ratio 2.74%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Mirae Asset Life Cycle Fund 2056](https://discovermf.com/funds/mirae-asset-life-cycle-fund-2056-154777.md) | — | — | — | 9.3% | 2.08% | — |
| [ICICI Prudential Life Cycle Fund 2031](https://discovermf.com/funds/icici-prudential-life-cycle-fund-2031-154563.md) | — | — | — | 9.3% | 1.83% | ₹42.9 cr |
| [ICICI Prudential Life Cycle Fund 2036](https://discovermf.com/funds/icici-prudential-life-cycle-fund-2036-154577.md) | — | — | — | 8.3% | 3.80% | ₹30 cr |
| [ICICI Prudential Life Cycle Fund 2041](https://discovermf.com/funds/icici-prudential-life-cycle-fund-2041-154579.md) | — | — | — | 13.1% | 3.39% | ₹55.9 cr |

## Questions

### How many Life Cycle funds are there?

4 funds, managing ₹129 cr between them as of 3 Nov 2026. The largest is ICICI Prudential Life Cycle Fund 2041, at ₹55.9 cr.

### Which Life Cycle fund has the lowest expense ratio?

ICICI Prudential Life Cycle Fund 2031, at 1.83% a year, against 2.74% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### How risky are Life Cycle funds?

Their volatility over the last year averaged 9.3%: the higher it is, the more the price swings from day to day. 3 of 4 carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.