ICICI Prudential Life Cycle Fund 2041 Direct Growth

ICICI Prudential Life Cycle Fund 2041 Direct Growth is a hybrid fund. This fund was started on 15 September, 2026. The fund is managed by Gaurav Chikane, Divya Jain, Rohit Lakhotia, Manish Banthia. This fund gives you the benefit of diversification.

1. ICICI Prudential Life Cycle Fund 2041 has ₹55 Cr worth of assets under management (AUM) as on Oct 2026 and is more than category average.
2. The fund has an expense ratio 1.1.
   

ICICI Prudential Life Cycle Fund 2041 has given a CAGR return of -5.82% since inception.

ICICI Prudential Life Cycle Fund 2041 has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Government, Financial Services, Basic Materials, Tech, Health.

As it is a aggressive allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To generate capital appreciation for investors by investing in equity and equity related instruments and income by investing across other asset classes, i.e. Debt, money market instruments, units of InvITs, Gold & Silver ETF and Exchange Traded Commodity Derivatives. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Life Cycle Fund 2041 has no lock in period.