ICICI Prudential Launches New Life Cycle Funds for Goals

ICICI Prudential Mutual Fund has introduced two new investment options, the ICICI Prudential Life Cycle Fund 2031 and Life Cycle Fund 2036, designed for your goal-based investing journey.

These open-ended funds offer a predetermined maturity and follow a glide path approach, which means the fund’s asset allocation adjusts over time to suit your investment horizon.

Key Dates & Details for Your Investment

If you’re considering these funds, here are the crucial dates and minimum investment requirements you need to know.

• The New Fund Offer (NFO) for both funds opens for subscription on August 26, 2026.
• The NFO period concludes on September 09, 2026, so mark your calendars.
• You can start investing with a minimum subscription amount of Rs 100, and then add in multiples of Re 1.

Understanding the Investment Strategy and Costs

These funds aim to generate both capital appreciation and regular income by investing across various asset classes.

The scheme will allocate investments across equity and equity-related instruments, debt, and money market instruments. It may also include units of InvITs, Gold & Silver ETF, and Exchange Traded Commodity Derivatives.

Exit Load Structure

It’s important to understand the exit load policy, which applies if you redeem your units before specific timeframes:

• A 3% exit load if redeemed or switched out on or before 1 Year from investment.
• A 2% exit load if redeemed or switched out after 1 Year but before 2 Years.
• A 1% exit load if redeemed or switched out after 2 Years but before 3 Years.
• No exit load if redeemed or switched out after 3 Years from the date of investment.

There is no entry load charged for either of these schemes.

How Performance is Measured

The performance of these Life Cycle Funds will be benchmarked against a combination of market indices and precious metals.

The benchmark composition includes Nifty 200 TRI (50%), Nifty Composite Debt Index (45%), Domestic Price of Gold (3%), and Domestic Price of Silver (2%). The funds are managed by Aatur Shah, Manish Banthia, Rohit Lakhotia, and Gaurav Chikane.