Zerodha Life Cycle Fund 2041

Zerodha Mutual FundHybridPortfolio as of 30 September 2026

Zerodha Life Cycle Fund 2041 holds 255 instruments (76.69% equity), led by HDFC Bank Limited (3.24%), ICICI Bank Limited (2.83%) and Reliance Industries Limited (2.39%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings

255

Equity Allocation

76.69%

AMC

Zerodha Mutual Fund

Portfolio Analysis

Zerodha Life Cycle Fund 2041's top 10 holdings account for 16.87% of its portfolio, more diversified than the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 23.71% of net assets, spread across 13 sectors in total. Since its 31 August 2026 disclosure, the fund added 0 new positions and exited 0 positions, with PB Fintech Limited seeing the largest move (-0.25pp to 0.36%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Financial Services

23.71%

Other

23.31%

Consumer Discretionary

11.86%

Industrials

8.02%

Healthcare

6.23%

Materials

Information Technology

4.62%

Consumer Staples

3.88%

Energy

3.87%

Utilities

3.01%

Telecommunication

2.73%

Services

1.41%

Real Estate

1.22%

Diversified

0.13%

Top 10 Equity Holdings

HDFC Bank Limited · 3.24%ICICI Bank Limited · 2.83%Reliance Industries Limited · 2.39%Bharti Airtel Limited · 1.61%Larsen & Toubro Limited · 1.32%BSE Limited · 1.24%State Bank of India · 1.2%Axis Bank Limited · 1.06%Infosys Limited · 1.05%Kotak Mahindra Bank Limited · 0.93%

What Changed: August 2026 → September 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

1 increased2 reduced

Biggest Weight Increases

Stock	Weight	Change
HDFC Bank Limited	3.12% → 3.24%	▲ +0.12

Biggest Weight Reductions

Stock	Weight	Change
PB Fintech Limited	0.61% → 0.36%	▼ -0.25
ICICI Bank Limited	2.99% → 2.83%	▼ -0.16

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 2 monthly disclosures (Aug – Sept 2026).

HDFC Bank Limited

3.24%

ICICI Bank Limited

2.83%

Reliance Industries Limited

2.39%

Bharti Airtel Limited

1.61%

Larsen & Toubro Limited

1.32%

Full Portfolio (255 holdings)

#	Holding	Sector	% to NAV
1	6.94% Central Government Securitiesbond	—	12.35%
2	Zerodha Gold ETFmf	—	4.47%
3	Zerodha Silver ETFmf	—	4.42%
4	HDFC Bank Limited	Financial Services	3.24%
5	ICICI Bank Limited	Financial Services	2.83%
6	Reliance Industries Limited	Energy	2.39%
7	Clearing Corporation of India Limitedother	—	2.05%
8	Bharti Airtel Limited	Telecommunication	1.61%
9	Larsen & Toubro Limited	Industrials	1.32%
10	BSE Limited	Financial Services	1.24%
11	State Bank of India	Financial Services	1.2%
12	Axis Bank Limited	Financial Services	1.06%
13	Infosys Limited	Information Technology	1.05%
14	Kotak Mahindra Bank Limited	Financial Services	0.93%
15	Multi Commodity Exchange of India Limited	Financial Services	0.83%
16	Mahindra & Mahindra Limited	Consumer Discretionary	0.79%
17	The Federal Bank Limited	Financial Services	0.77%
18	Bajaj Finance Limited	Financial Services	0.76%
19	ITC Limited	Consumer Staples	0.75%
20	Laurus Labs Limited	Healthcare	0.75%
21	One 97 Communications Limited	Financial Services	0.69%
22	ETERNAL LIMITED	Consumer Discretionary	0.68%
23	Hero MotoCorp Limited	Consumer Discretionary	0.66%
24	Tata Consultancy Services Limited	Information Technology	0.62%
25	Bharat Heavy Electricals Limited	Industrials	0.6%
26	Coforge Limited	Information Technology	0.6%
27	Sun Pharmaceutical Industries Limited	Healthcare	0.58%
28	IndusInd Bank Limited	Financial Services	0.57%
29	AU Small Finance Bank Limited	Financial Services	0.56%
30	Titan Company Limited	Consumer Discretionary	0.56%
31	Persistent Systems Limited	Information Technology	0.56%
32	Dixon Technologies (India) Limited	Consumer Discretionary	0.54%
33	IDFC First Bank Limited	Financial Services	0.53%
34	GE Vernova T&D India Limited	Industrials	0.51%
35	Hindustan Unilever Limited	Consumer Staples	0.5%
36	Bharat Forge Limited	Consumer Discretionary	0.5%
37	Life Insurance Corporation Of India	Financial Services	0.5%
38	Lupin Limited	Healthcare	0.49%
39	Indus Towers Limited	Telecommunication	0.48%
40	Maruti Suzuki India Limited	Consumer Discretionary	0.47%
41	Suzlon Energy Limited	Industrials	0.47%
42	NTPC Limited	Utilities	0.46%
43	Aurobindo Pharma Limited	Healthcare	0.46%
44	Tata Steel Limited	Materials	0.46%
45	Info Edge (India) Limited	Consumer Discretionary	0.46%
46	Ashok Leyland Limited	Industrials	0.44%
47	FSN E-Commerce Ventures Limited	Consumer Discretionary	0.43%
48	Bharat Electronics Limited	Industrials	0.42%
49	Shriram Finance Limited	Financial Services	0.41%
50	Polycab India Limited	Industrials	0.41%
51	Marico Limited	Consumer Staples	0.41%
52	Hindalco Industries Limited	Materials	0.41%
53	Fortis Healthcare Limited	Healthcare	0.4%
54	Adani Ports and Special Economic Zone Limited	Services	0.39%
55	UltraTech Cement Limited	Materials	0.39%
56	HCL Technologies Limited	Information Technology	0.39%
57	ICICI Lombard General Insurance Company Limited	Financial Services	0.38%
58	APL Apollo Tubes Limited	Industrials	0.38%
59	Hitachi Energy India Limited	Industrials	0.37%
60	Yes Bank Limited	Financial Services	0.36%
61	PB Fintech Limited	Financial Services	0.36%
62	Bajaj Auto Limited	Consumer Discretionary	0.35%
63	Vodafone Idea Limited	Telecommunication	0.35%
64	Max Financial Services Limited	Financial Services	0.35%
65	Swiggy Limited	Consumer Discretionary	0.35%
66	The Phoenix Mills Limited	Real Estate	0.35%
67	SRF Limited	Materials	0.35%
68	JSW Steel Limited	Materials	0.35%
69	Power Grid Corporation of India Limited	Utilities	0.35%
70	Divi's Laboratories Limited	Healthcare	0.34%
71	Glenmark Pharmaceuticals Limited	Healthcare	0.34%
72	Grasim Industries Limited	Materials	0.34%
73	GMR AIRPORTS LIMITED	Services	0.33%
74	Hindustan Petroleum Corporation Limited	Energy	0.33%
75	Radico Khaitan Limited	Consumer Staples	0.33%
76	InterGlobe Aviation Limited	Services	0.33%
77	Asian Paints Limited	Consumer Discretionary	0.32%
78	Aditya Birla Capital Limited	Financial Services	0.3%
79	National Aluminium Company Limited	Materials	0.3%
80	Coal India Limited	Energy	0.3%
81	JSW Energy Limited	Utilities	0.29%
82	UPL Limited	Materials	0.29%
83	Eicher Motors Limited	Consumer Discretionary	0.29%
84	Alkem Laboratories Limited	Healthcare	0.29%
85	Bajaj Finserv Limited	Financial Services	0.29%
86	TVS Motor Company Limited	Consumer Discretionary	0.29%
87	Tech Mahindra Limited	Information Technology	0.29%
88	Apar Industries Limited	Industrials	0.29%
89	Sundaram Finance Limited	Financial Services	0.29%
90	MphasiS Limited	Information Technology	0.28%
91	Mankind Pharma Limited	Healthcare	0.28%
92	Indian Bank	Financial Services	0.28%
93	Nestle India Limited	Consumer Staples	0.28%
94	NHPC Limited	Utilities	0.27%
95	Vishal Mega Mart Limited	Consumer Discretionary	0.27%
96	KEI Industries Limited	Industrials	0.26%
97	Tata Motors Limited	Industrials	0.26%
98	Hindustan Aeronautics Limited	Industrials	0.26%
99	Oil & Natural Gas Corporation Limited	Energy	0.26%
100	Steel Authority of India Limited	Materials	0.26%
101	IPCA Laboratories Limited	Healthcare	0.26%
102	NMDC Limited	Materials	0.26%
103	Trent Limited	Consumer Discretionary	0.26%
104	Biocon Limited	Healthcare	0.26%
105	360 ONE WAM LIMITED	Financial Services	0.26%
106	Adani Power Limited	Utilities	0.25%
107	Apollo Hospitals Enterprise Limited	Healthcare	0.25%
108	Tube Investments of India Limited	Consumer Discretionary	0.25%
109	Adani Enterprises Limited	Materials	0.25%
110	Havells India Limited	Consumer Discretionary	0.25%
111	Prestige Estates Projects Limited	Real Estate	0.24%
112	Lloyds Metals And Energy Limited	Materials	0.24%
113	Oracle Financial Services Software Limited	Information Technology	0.24%
114	Voltas Limited	Consumer Discretionary	0.24%
115	Oil India Limited	Energy	0.24%
116	Colgate Palmolive (India) Limited	Consumer Staples	0.23%
117	SBI Life Insurance Company Limited	Financial Services	0.23%
118	Cipla Limited	Healthcare	0.23%
119	Page Industries Limited	Consumer Discretionary	0.23%
120	Torrent Power Limited	Utilities	0.23%
121	Jindal Stainless Limited	Materials	0.23%
122	Dr. Reddy's Laboratories Limited	Healthcare	0.23%
123	Supreme Industries Limited	Industrials	0.23%
124	Waaree Energies Limited	Industrials	0.22%
125	Lenskart Solutions Limited	Consumer Discretionary	0.22%
126	Samvardhana Motherson International Limited	Consumer Discretionary	0.22%
127	Dabur India Limited	Consumer Staples	0.22%
128	L&T Finance Limited	Financial Services	0.22%
129	JSW Infrastructure Limited	Services	0.21%
130	Jio Financial Services Limited	Financial Services	0.21%
131	JK Cement Limited	Materials	0.21%
132	Mahindra & Mahindra Financial Services Limited	Financial Services	0.21%
133	Cholamandalam Investment and Finance Company Limited	Financial Services	0.21%
134	Coromandel International Limited	Materials	0.21%
135	Torrent Pharmaceuticals Limited	Healthcare	0.21%
136	UNO Minda Limited	Consumer Discretionary	0.21%
137	Kalyan Jewellers India Limited	Consumer Discretionary	0.21%
138	Oberoi Realty Limited	Real Estate	0.21%
139	Max Healthcare Institute Limited	Healthcare	0.21%
140	MRF Limited	Consumer Discretionary	0.21%
141	Godrej Properties Limited	Real Estate	0.21%
142	Petronet LNG Limited	Utilities	0.21%
143	Blue Star Limited	Consumer Discretionary	0.2%
144	The Indian Hotels Company Limited	Consumer Discretionary	0.2%
145	Cummins India Limited	Industrials	0.2%
146	Nippon Life India Asset Management Limited	Financial Services	0.19%
147	Avenue Supermarts Limited	Consumer Discretionary	0.19%
148	Exide Industries Limited	Consumer Discretionary	0.19%
149	Tata Communications Limited	Telecommunication	0.19%
150	Gujarat Fluorochemicals Limited	Materials	0.19%
151	Bharat Petroleum Corporation Limited	Energy	0.19%
152	PI Industries Limited	Materials	0.19%
153	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.19%
154	ITC Hotels Limited	Consumer Discretionary	0.18%
155	Tata Power Company Limited	Utilities	0.18%
156	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.18%
157	ICICI Prudential Life Insurance Company Limited	Financial Services	0.18%
158	Varun Beverages Limited	Consumer Staples	0.18%
159	Jubilant Foodworks Limited	Consumer Discretionary	0.18%
160	CG Power and Industrial Solutions Limited	Industrials	0.18%
161	LG Electronics India Limited	Consumer Discretionary	0.18%
162	Astral Limited	Industrials	0.17%
163	SBI Cards and Payment Services Limited	Financial Services	0.17%
164	HDFC Life Insurance Company Limited	Financial Services	0.17%
165	Adani Total Gas Limited	Utilities	0.17%
166	Balkrishna Industries Limited	Consumer Discretionary	0.17%
167	LIC Housing Finance Limited	Financial Services	0.16%
168	Bank of Maharashtra	Financial Services	0.16%
169	Schaeffler India Limited	Consumer Discretionary	0.16%
170	Bank of India	Financial Services	0.16%
171	Britannia Industries Limited	Consumer Staples	0.16%
172	Indian Oil Corporation Limited	Energy	0.16%
173	Motilal Oswal Financial Services Limited	Financial Services	0.16%
174	Authum Investment & Infrastructure Limited	Financial Services	0.15%
175	Container Corporation of India Limited	Services	0.15%
176	GAIL (India) Limited	Utilities	0.15%
177	Billionbrains Garage Ventures Limited	Financial Services	0.15%
178	Indian Railway Catering And Tourism Corporation Limited	Consumer Discretionary	0.14%
179	ICICI Prudential Asset Management Company Limited	Financial Services	0.14%
180	Ajanta Pharma Limited	Healthcare	0.14%
181	Abbott India Limited	Healthcare	0.14%
182	Bajaj Holdings & Investment Limited	Financial Services	0.14%
183	Vedanta Limited	Materials	0.14%
184	HDB Financial Services Limited	Financial Services	0.14%
185	Wipro Limited	Information Technology	0.14%
186	General Insurance Corporation of India	Financial Services	0.14%
187	AIA Engineering Limited	Industrials	0.14%
188	Solar Industries India Limited	Materials	0.13%
189	Bank of Baroda	Financial Services	0.13%
190	Pidilite Industries Limited	Materials	0.13%
191	HDFC Asset Management Company Limited	Financial Services	0.13%
192	Power Finance Corporation Limited	Financial Services	0.13%
193	Dalmia Bharat Limited	Materials	0.12%
194	Linde India Limited	Materials	0.12%
195	Adani Energy Solutions Limited	Utilities	0.12%
196	DLF Limited	Real Estate	0.12%
197	JINDAL STEEL LIMITED	Materials	0.12%
198	Thermax Limited	Industrials	0.12%
199	Adani Green Energy Limited	Utilities	0.12%
200	Apollo Tyres Limited	Consumer Discretionary	0.12%
201	Berger Paints (I) Limited	Consumer Discretionary	0.12%
202	Rail Vikas Nigam Limited	Industrials	0.12%
203	Patanjali Foods Limited	Consumer Staples	0.11%
204	K.P.R. Mill Limited	Consumer Discretionary	0.11%
205	United Spirits Limited	Consumer Staples	0.11%
206	Canara Bank	Financial Services	0.11%
207	GlaxoSmithKline Pharmaceuticals Limited	Healthcare	0.11%
208	Bosch Limited	Consumer Discretionary	0.11%
209	Global Health Limited	Healthcare	0.11%
210	LTM Limited	Information Technology	0.11%
211	Punjab National Bank	Financial Services	0.11%
212	REC Limited	Financial Services	0.1%
213	Cochin Shipyard Limited	Industrials	0.1%
214	Bharti Hexacom Limited	Telecommunication	0.1%
215	Crisil Limited	Financial Services	0.1%
216	Tata Elxsi Limited	Information Technology	0.1%
217	ABB India Limited	Industrials	0.1%
218	Siemens Limited	Industrials	0.09%
219	Union Bank of India	Financial Services	0.09%
220	3M India Limited	Diversified	0.09%
221	AWL Agri Business Limited	Consumer Staples	0.09%
222	Housing & Urban Development Corporation Limited	Financial Services	0.09%
223	SHREE CEMENT LIMITED	Materials	0.09%
224	Godrej Consumer Products Limited	Consumer Staples	0.09%
225	KPIT Technologies Limited	Information Technology	0.09%
226	NLC India Limited	Utilities	0.09%
227	Endurance Technologies Limited	Consumer Discretionary	0.09%
228	Premier Energies Limited	Industrials	0.09%
229	Bharat Dynamics Limited	Industrials	0.09%
230	Lodha Developers Limited	Real Estate	0.09%
231	Escorts Kubota Limited	Consumer Staples	0.08%
232	Muthoot Finance Limited	Financial Services	0.08%
233	Bajaj Housing Finance Limited	Financial Services	0.08%
234	Hyundai Motor India Limited	Consumer Discretionary	0.08%
235	Indian Renewable Energy Development Agency Limited	Financial Services	0.08%
236	Hindustan Zinc Limited	Materials	0.08%
237	Zydus Lifesciences Limited	Healthcare	0.08%
238	L&T Technology Services Limited	Information Technology	0.08%
239	NTPC Green Energy Limited	Utilities	0.08%
240	ACC Limited	Materials	0.08%
241	United Breweries Limited	Consumer Staples	0.08%
242	Siemens Energy India Limited	Industrials	0.08%
243	Tata Investment Corporation Limited	Financial Services	0.07%
244	Godfrey Phillips India Limited	Consumer Staples	0.07%
245	Hexaware Technologies Limited	Information Technology	0.07%
246	Anthem Biosciences Limited	Healthcare	0.07%
247	Ambuja Cements Limited	Materials	0.06%
248	Honeywell Automation India Limited	Industrials	0.06%
249	Tata Capital Limited	Financial Services	0.05%
250	The New India Assurance Company Limited	Financial Services	0.04%
251	Indian Railway Finance Corporation Limited	Financial Services	0.04%
252	SJVN Limited	Utilities	0.04%
253	Godrej Industries Limited	Diversified	0.04%
254	Mazagon Dock Shipbuilders Limited	Industrials	0.04%
255	Net Receivable / Payableother	—	0.02%

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, HDFC Bank Limited is 3.24% of Zerodha Life Cycle Fund 2041's net assets — its number 1 holding.

Yes. As of its 30 September 2026 disclosure, ICICI Bank Limited is 2.83% of Zerodha Life Cycle Fund 2041's net assets — its number 2 holding.

Yes. As of its 30 September 2026 disclosure, Reliance Industries Limited is 2.39% of Zerodha Life Cycle Fund 2041's net assets — its number 3 holding.

Yes. As of its 30 September 2026 disclosure, Bharti Airtel Limited is 1.61% of Zerodha Life Cycle Fund 2041's net assets — its number 4 holding.

Yes. As of its 30 September 2026 disclosure, Larsen & Toubro Limited is 1.32% of Zerodha Life Cycle Fund 2041's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Zerodha Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.