Zerodha Life Cycle Fund 2036

Zerodha Mutual FundHybridPortfolio as of 30 September 2026

Zerodha Life Cycle Fund 2036 holds 257 instruments (66.74% equity), led by HDFC Bank Limited (4.24%), ICICI Bank Limited (2.36%) and Axis Bank Limited (2.36%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings

257

Equity Allocation

66.74%

AMC

Zerodha Mutual Fund

Portfolio Analysis

Zerodha Life Cycle Fund 2036's top 10 holdings account for 17% of its portfolio, more diversified than the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 22.71% 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 HDFC Bank Limited seeing the largest move (+1.66pp to 4.24%).

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.

Other

30.23%

Financial Services

22.71%

Consumer Discretionary

9.94%

Industrials

6.69%

Healthcare

5.13%

Materials

4.93%

Information Technology

3.81%

Consumer Staples

3.27%

Energy

3.2%

Utilities

2.51%

Telecommunication

2.23%

Services

1.18%

Real Estate

1.03%

Diversified

0.11%

Top 10 Equity Holdings

HDFC Bank Limited · 4.24%ICICI Bank Limited · 2.36%Axis Bank Limited · 2.36%Reliance Industries Limited · 1.98%Bharti Airtel Limited · 1.32%Larsen & Toubro Limited · 1.09%BSE Limited · 1.03%State Bank of India · 0.98%Infosys Limited · 0.88%Kotak Mahindra Bank Limited · 0.76%

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 increased3 reduced

Biggest Weight Increases

Stock	Weight	Change
HDFC Bank Limited	2.58% → 4.24%	▲ +1.66

Biggest Weight Reductions

Stock	Weight	Change
Axis Bank Limited	2.95% → 2.36%	▼ -0.59
PB Fintech Limited	0.5% → 0.3%	▼ -0.2
ICICI Bank Limited	2.48% → 2.36%	▼ -0.12

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

4.24%

ICICI Bank Limited

2.36%

Axis Bank Limited

2.36%

Reliance Industries Limited

1.98%

Bharti Airtel Limited

1.32%

Full Portfolio (257 holdings)

#	Holding	Sector	% to NAV
1	6.94% Central Government Securitiesbond	—	21.67%
2	Zerodha Gold ETFmf	—	4.47%
3	Zerodha Silver ETFmf	—	4.42%
4	HDFC Bank Limited	Financial Services	4.24%
5	Clearing Corporation of India Limitedother	—	2.49%
6	ICICI Bank Limited	Financial Services	2.36%
7	Axis Bank Limited	Financial Services	2.36%
8	Reliance Industries Limited	Energy	1.98%
9	Bharti Airtel Limited	Telecommunication	1.32%
10	Larsen & Toubro Limited	Industrials	1.09%
11	BSE Limited	Financial Services	1.03%
12	State Bank of India	Financial Services	0.98%
13	Infosys Limited	Information Technology	0.88%
14	Kotak Mahindra Bank Limited	Financial Services	0.76%
15	Multi Commodity Exchange of India Limited	Financial Services	0.69%
16	Mahindra & Mahindra Limited	Consumer Discretionary	0.65%
17	Bajaj Finance Limited	Financial Services	0.64%
18	The Federal Bank Limited	Financial Services	0.64%
19	ITC Limited	Consumer Staples	0.63%
20	Laurus Labs Limited	Healthcare	0.63%
21	One 97 Communications Limited	Financial Services	0.58%
22	ETERNAL LIMITED	Consumer Discretionary	0.58%
23	Hero MotoCorp Limited	Consumer Discretionary	0.55%
24	Tata Consultancy Services Limited	Information Technology	0.52%
25	Bharat Heavy Electricals Limited	Industrials	0.49%
26	Coforge Limited	Information Technology	0.49%
27	IndusInd Bank Limited	Financial Services	0.48%
28	Sun Pharmaceutical Industries Limited	Healthcare	0.48%
29	Titan Company Limited	Consumer Discretionary	0.47%
30	AU Small Finance Bank Limited	Financial Services	0.47%
31	Persistent Systems Limited	Information Technology	0.46%
32	Dixon Technologies (India) Limited	Consumer Discretionary	0.45%
33	IDFC First Bank Limited	Financial Services	0.44%
34	GE Vernova T&D India Limited	Industrials	0.42%
35	Bharat Forge Limited	Consumer Discretionary	0.42%
36	Hindustan Unilever Limited	Consumer Staples	0.41%
37	Life Insurance Corporation Of India	Financial Services	0.41%
38	Lupin Limited	Healthcare	0.4%
39	Indus Towers Limited	Telecommunication	0.39%
40	Suzlon Energy Limited	Industrials	0.39%
41	NTPC Limited	Utilities	0.39%
42	Info Edge (India) Limited	Consumer Discretionary	0.39%
43	Tata Steel Limited	Materials	0.39%
44	Maruti Suzuki India Limited	Consumer Discretionary	0.38%
45	Aurobindo Pharma Limited	Healthcare	0.38%
46	Ashok Leyland Limited	Industrials	0.37%
47	FSN E-Commerce Ventures Limited	Consumer Discretionary	0.36%
48	Polycab India Limited	Industrials	0.35%
49	Bharat Electronics Limited	Industrials	0.35%
50	Hindalco Industries Limited	Materials	0.34%
51	Shriram Finance Limited	Financial Services	0.34%
52	Marico Limited	Consumer Staples	0.34%
53	Fortis Healthcare Limited	Healthcare	0.34%
54	ICICI Lombard General Insurance Company Limited	Financial Services	0.33%
55	HCL Technologies Limited	Information Technology	0.32%
56	Adani Ports and Special Economic Zone Limited	Services	0.32%
57	APL Apollo Tubes Limited	Industrials	0.32%
58	UltraTech Cement Limited	Materials	0.32%
59	Hitachi Energy India Limited	Industrials	0.31%
60	Yes Bank Limited	Financial Services	0.31%
61	Bajaj Auto Limited	Consumer Discretionary	0.3%
62	Max Financial Services Limited	Financial Services	0.3%
63	PB Fintech Limited	Financial Services	0.3%
64	Divi's Laboratories Limited	Healthcare	0.29%
65	Swiggy Limited	Consumer Discretionary	0.29%
66	InterGlobe Aviation Limited	Services	0.29%
67	The Phoenix Mills Limited	Real Estate	0.29%
68	Power Grid Corporation of India Limited	Utilities	0.29%
69	JSW Steel Limited	Materials	0.29%
70	Glenmark Pharmaceuticals Limited	Healthcare	0.28%
71	Grasim Industries Limited	Materials	0.28%
72	SRF Limited	Materials	0.28%
73	Vodafone Idea Limited	Telecommunication	0.28%
74	GMR AIRPORTS LIMITED	Services	0.27%
75	Radico Khaitan Limited	Consumer Staples	0.27%
76	Hindustan Petroleum Corporation Limited	Energy	0.27%
77	UPL Limited	Materials	0.26%
78	Asian Paints Limited	Consumer Discretionary	0.26%
79	Coal India Limited	Energy	0.26%
80	Aditya Birla Capital Limited	Financial Services	0.25%
81	Nestle India Limited	Consumer Staples	0.24%
82	National Aluminium Company Limited	Materials	0.24%
83	Alkem Laboratories Limited	Healthcare	0.24%
84	Sundaram Finance Limited	Financial Services	0.24%
85	Eicher Motors Limited	Consumer Discretionary	0.24%
86	Apar Industries Limited	Industrials	0.24%
87	MphasiS Limited	Information Technology	0.24%
88	Bajaj Finserv Limited	Financial Services	0.24%
89	MRF Limited	Consumer Discretionary	0.24%
90	JSW Energy Limited	Utilities	0.24%
91	TVS Motor Company Limited	Consumer Discretionary	0.23%
92	Tech Mahindra Limited	Information Technology	0.23%
93	Hindustan Aeronautics Limited	Industrials	0.23%
94	Mankind Pharma Limited	Healthcare	0.23%
95	KEI Industries Limited	Industrials	0.23%
96	Vishal Mega Mart Limited	Consumer Discretionary	0.23%
97	Indian Bank	Financial Services	0.22%
98	NHPC Limited	Utilities	0.22%
99	Tube Investments of India Limited	Consumer Discretionary	0.22%
100	Net Receivable / Payableother	—	0.21%
101	Tata Motors Limited	Industrials	0.21%
102	Oil & Natural Gas Corporation Limited	Energy	0.21%
103	Biocon Limited	Healthcare	0.21%
104	IPCA Laboratories Limited	Healthcare	0.21%
105	NMDC Limited	Materials	0.21%
106	Trent Limited	Consumer Discretionary	0.21%
107	Steel Authority of India Limited	Materials	0.21%
108	Page Industries Limited	Consumer Discretionary	0.21%
109	360 ONE WAM LIMITED	Financial Services	0.21%
110	Adani Power Limited	Utilities	0.21%
111	Oracle Financial Services Software Limited	Information Technology	0.2%
112	Apollo Hospitals Enterprise Limited	Healthcare	0.2%
113	Adani Enterprises Limited	Materials	0.2%
114	Oil India Limited	Energy	0.2%
115	Prestige Estates Projects Limited	Real Estate	0.2%
116	Lloyds Metals And Energy Limited	Materials	0.2%
117	Havells India Limited	Consumer Discretionary	0.2%
118	Voltas Limited	Consumer Discretionary	0.19%
119	Torrent Power Limited	Utilities	0.19%
120	SBI Life Insurance Company Limited	Financial Services	0.19%
121	Colgate Palmolive (India) Limited	Consumer Staples	0.19%
122	Jindal Stainless Limited	Materials	0.19%
123	Dr. Reddy's Laboratories Limited	Healthcare	0.19%
124	Dabur India Limited	Consumer Staples	0.18%
125	Lenskart Solutions Limited	Consumer Discretionary	0.18%
126	Cipla Limited	Healthcare	0.18%
127	Supreme Industries Limited	Industrials	0.18%
128	Waaree Energies Limited	Industrials	0.18%
129	JK Cement Limited	Materials	0.18%
130	Petronet LNG Limited	Utilities	0.18%
131	Jio Financial Services Limited	Financial Services	0.18%
132	Godrej Properties Limited	Real Estate	0.18%
133	UNO Minda Limited	Consumer Discretionary	0.18%
134	Samvardhana Motherson International Limited	Consumer Discretionary	0.18%
135	L&T Finance Limited	Financial Services	0.18%
136	Max Healthcare Institute Limited	Healthcare	0.17%
137	Coromandel International Limited	Materials	0.17%
138	Torrent Pharmaceuticals Limited	Healthcare	0.17%
139	Mahindra & Mahindra Financial Services Limited	Financial Services	0.17%
140	Oberoi Realty Limited	Real Estate	0.17%
141	Kalyan Jewellers India Limited	Consumer Discretionary	0.17%
142	JSW Infrastructure Limited	Services	0.17%
143	Cholamandalam Investment and Finance Company Limited	Financial Services	0.17%
144	Blue Star Limited	Consumer Discretionary	0.16%
145	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.16%
146	The Indian Hotels Company Limited	Consumer Discretionary	0.16%
147	Tata Power Company Limited	Utilities	0.16%
148	Bharat Petroleum Corporation Limited	Energy	0.16%
149	Avenue Supermarts Limited	Consumer Discretionary	0.16%
150	Cummins India Limited	Industrials	0.16%
151	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.16%
152	Tata Communications Limited	Telecommunication	0.15%
153	PI Industries Limited	Materials	0.15%
154	ICICI Prudential Life Insurance Company Limited	Financial Services	0.15%
155	LG Electronics India Limited	Consumer Discretionary	0.15%
156	Gujarat Fluorochemicals Limited	Materials	0.15%
157	Varun Beverages Limited	Consumer Staples	0.15%
158	ITC Hotels Limited	Consumer Discretionary	0.15%
159	Nippon Life India Asset Management Limited	Financial Services	0.15%
160	Exide Industries Limited	Consumer Discretionary	0.14%
161	Jubilant Foodworks Limited	Consumer Discretionary	0.14%
162	CG Power and Industrial Solutions Limited	Industrials	0.14%
163	Balkrishna Industries Limited	Consumer Discretionary	0.14%
164	Adani Total Gas Limited	Utilities	0.14%
165	SBI Cards and Payment Services Limited	Financial Services	0.14%
166	Britannia Industries Limited	Consumer Staples	0.14%
167	Astral Limited	Industrials	0.13%
168	HDFC Life Insurance Company Limited	Financial Services	0.13%
169	Schaeffler India Limited	Consumer Discretionary	0.13%
170	AIA Engineering Limited	Industrials	0.13%
171	ICICI Prudential Asset Management Company Limited	Financial Services	0.13%
172	Ajanta Pharma Limited	Healthcare	0.13%
173	Container Corporation of India Limited	Services	0.13%
174	Motilal Oswal Financial Services Limited	Financial Services	0.12%
175	Bank of Maharashtra	Financial Services	0.12%
176	Power Finance Corporation Limited	Financial Services	0.12%
177	Authum Investment & Infrastructure Limited	Financial Services	0.12%
178	Bank of India	Financial Services	0.12%
179	HDFC Asset Management Company Limited	Financial Services	0.12%
180	Indian Oil Corporation Limited	Energy	0.12%
181	LIC Housing Finance Limited	Financial Services	0.12%
182	Billionbrains Garage Ventures Limited	Financial Services	0.11%
183	GAIL (India) Limited	Utilities	0.11%
184	Solar Industries India Limited	Materials	0.11%
185	Indian Railway Catering And Tourism Corporation Limited	Consumer Discretionary	0.11%
186	Thermax Limited	Industrials	0.11%
187	Dalmia Bharat Limited	Materials	0.11%
188	DLF Limited	Real Estate	0.11%
189	Adani Energy Solutions Limited	Utilities	0.11%
190	Vedanta Limited	Materials	0.11%
191	Bajaj Holdings & Investment Limited	Financial Services	0.11%
192	General Insurance Corporation of India	Financial Services	0.11%
193	HDB Financial Services Limited	Financial Services	0.11%
194	Adani Green Energy Limited	Utilities	0.11%
195	Linde India Limited	Materials	0.11%
196	Berger Paints (I) Limited	Consumer Discretionary	0.11%
197	Pidilite Industries Limited	Materials	0.11%
198	Apollo Tyres Limited	Consumer Discretionary	0.11%
199	Punjab National Bank	Financial Services	0.1%
200	Abbott India Limited	Healthcare	0.1%
201	Canara Bank	Financial Services	0.1%
202	JINDAL STEEL LIMITED	Materials	0.1%
203	Patanjali Foods Limited	Consumer Staples	0.1%
204	LTM Limited	Information Technology	0.1%
205	United Spirits Limited	Consumer Staples	0.1%
206	K.P.R. Mill Limited	Consumer Discretionary	0.1%
207	Wipro Limited	Information Technology	0.1%
208	Bank of Baroda	Financial Services	0.1%
209	Global Health Limited	Healthcare	0.09%
210	Bharti Hexacom Limited	Telecommunication	0.09%
211	Rail Vikas Nigam Limited	Industrials	0.09%
212	Bosch Limited	Consumer Discretionary	0.09%
213	Cochin Shipyard Limited	Industrials	0.09%
214	Bharat Dynamics Limited	Industrials	0.09%
215	Godrej Consumer Products Limited	Consumer Staples	0.09%
216	GlaxoSmithKline Pharmaceuticals Limited	Healthcare	0.09%
217	REC Limited	Financial Services	0.09%
218	Siemens Limited	Industrials	0.08%
219	Endurance Technologies Limited	Consumer Discretionary	0.08%
220	AWL Agri Business Limited	Consumer Staples	0.08%
221	Crisil Limited	Financial Services	0.08%
222	Union Bank of India	Financial Services	0.08%
223	Tata Elxsi Limited	Information Technology	0.08%
224	ABB India Limited	Industrials	0.08%
225	Lodha Developers Limited	Real Estate	0.08%
226	Premier Energies Limited	Industrials	0.08%
227	Bajaj Housing Finance Limited	Financial Services	0.08%
228	3M India Limited	Diversified	0.08%
229	Muthoot Finance Limited	Financial Services	0.08%
230	Indian Renewable Energy Development Agency Limited	Financial Services	0.08%
231	Escorts Kubota Limited	Consumer Staples	0.07%
232	Hyundai Motor India Limited	Consumer Discretionary	0.07%
233	NLC India Limited	Utilities	0.07%
234	United Breweries Limited	Consumer Staples	0.07%
235	L&T Technology Services Limited	Information Technology	0.07%
236	Tata Investment Corporation Limited	Financial Services	0.07%
237	KPIT Technologies Limited	Information Technology	0.07%
238	Hindustan Zinc Limited	Materials	0.06%
239	Housing & Urban Development Corporation Limited	Financial Services	0.06%
240	Siemens Energy India Limited	Industrials	0.06%
241	Anthem Biosciences Limited	Healthcare	0.06%
242	NTPC Green Energy Limited	Utilities	0.06%
243	Zydus Lifesciences Limited	Healthcare	0.06%
244	SHREE CEMENT LIMITED	Materials	0.06%
245	Ambuja Cements Limited	Materials	0.05%
246	Hexaware Technologies Limited	Information Technology	0.05%
247	ACC Limited	Materials	0.05%
248	Godfrey Phillips India Limited	Consumer Staples	0.05%
249	Honeywell Automation India Limited	Industrials	0.05%
250	Mazagon Dock Shipbuilders Limited	Industrials	0.04%
251	Tata Capital Limited	Financial Services	0.04%
252	Indian Railway Finance Corporation Limited	Financial Services	0.03%
253	The New India Assurance Company Limited	Financial Services	0.03%
254	SJVN Limited	Utilities	0.03%
255	Godrej Industries Limited	Diversified	0.03%
256	Axis Bank Limitedother	—	-1.47%
257	HDFC Bank Limitedother	—	-1.56%

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, HDFC Bank Limited is 4.24% of Zerodha Life Cycle Fund 2036's net assets — its number 1 holding.

Yes. As of its 30 September 2026 disclosure, ICICI Bank Limited is 2.36% of Zerodha Life Cycle Fund 2036's net assets — its number 2 holding.

Yes. As of its 30 September 2026 disclosure, Axis Bank Limited is 2.36% of Zerodha Life Cycle Fund 2036's net assets — its number 3 holding.

Yes. As of its 30 September 2026 disclosure, Reliance Industries Limited is 1.98% of Zerodha Life Cycle Fund 2036's net assets — its number 4 holding.

Yes. As of its 30 September 2026 disclosure, Bharti Airtel Limited is 1.32% of Zerodha Life Cycle Fund 2036'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.