InvestorQ : How can I switch regular to direct mutual funds plan?
Akansha Shivdasani made post

How can I switch regular to direct mutual funds plan?

Answer
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Roshni Hegde answered.
1 year ago


Switching from a regular plan to direct plan you will be benefited by a sole factor of commission cost. If you invest using a regular mutual fund plan, your respective AMC or the mutual fund house is obliged to pay a commission to your broker as against distribution expenses or transaction fee out of your investment, On the contrary, the cost is nill with no commission in the direct plan. Thus in case of direct plan, the commission amount is not deducted from your investment balance.

Steps to switch plan:
You can log in the online site of your mutual fund account. And simply click to ‘Switch to Direct’
If you want an offline mode, you can visit your respective nearest fund house and fill the ‘Switch’ Form.

Lastly, after completing all the necessary steps you will receive a confirmation mail from your fund house or you can check the status it through the site of your active mutual fund account.