New Delhi, June 26 -- Zerodha Fund House has launched the life cycle fund series, becoming the first AMC to offer target-date mutual funds in the Indian mutual fund industry.

The life cycle fund category was introduced by SEBI in February 2026. It is an open-ended fund with a target maturity date that follows a glide path, investing across multiple asset classes, including equity, debt, InvITs, exchange-traded commodity derivatives (ETCDs), and gold and silver ETFs.

Zerodha Life Cycle Fund series now offers two target-date variants:

Each life cycle fund is structured around a specific maturity year, called the target year, and invests across a mix of asset classes, including equity, debt, and commodities like gold and silver.

The port...