Zerodha Fund House, India's first passive-only, direct-only Asset Management Company (AMC), has launched the country's first lifecycle (target-date) mutual funds. The new funds include the 'Zerodha Life Cycle Fund 2036' (10-year maturity) and the 'Zerodha Life Cycle Fund 2041' (15-year maturity).
These funds are classified as equity funds for taxation purposes, offering long-term capital gains (LTCG) benefits. It is to be noted that these funds have no lock-in period and require a minimum investment of ₹100.