COMPARE
ICICI Prudential Life Cycle Fund 2031 - Direct Plan - Growth vs Mirae Asset Life Cycle Fund 2056 - Direct Plan - Growth
ICICI Prudential Life Cycle Fund 2031 and Mirae Asset Life Cycle Fund 2056 are both in the Life Cycle Fund category, from ICICI Prudential Asset Management Company Limited and Mirae Asset Investment Managers (India) Pvt. Ltd respectively. See the full table and FAQ below for the complete real-data comparison.
Basics
| ICICI Prudential Life Cycle Fund 2031 - Direct Plan - Growth | Mirae Asset Life Cycle Fund 2056 - Direct Plan - Growth | |
|---|---|---|
| Category | Life Cycle Fund | Life Cycle Fund |
| AMC | ICICI Prudential Asset Management Company Limited | Mirae Asset Investment Managers (India) Pvt. Ltd |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹9.4638 (2026-10-28) | ₹9.976 (2026-10-28) |
| AUM | - | - |
| Expense Ratio (Direct) | 0.95% | - |
| Inception | 2026-08-26 | 2026-09-28 |
Returns
This fund is less than a year old, so there is not yet enough history to calculate rolling returns.
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
Portfolio Analytics
Punji Fund Health Score
Frequently asked questions
Why don't ICICI Prudential Life Cycle Fund 2031 and Mirae Asset Life Cycle Fund 2056 show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which fund has a longer track record, ICICI Prudential Life Cycle Fund 2031 or Mirae Asset Life Cycle Fund 2056?
ICICI Prudential Life Cycle Fund 2031 launched on 2026-08-26, making it older than Mirae Asset Life Cycle Fund 2056 (launched 2026-09-28). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.