Can I switch from regular to direct plan?

Visit the transaction page, where you can buy, change, or redeem your fund units. Select the ‘switch’ option and then click on the respective fund name. It will have a ‘Direct Plan’ option; click on it and follow the steps displayed. It will take about four working days to reflect the change.

What happens when I switch from regular to direct mutual fund?

Since switching from regular funds to direct mutual funds is considered as a new investment, the switch can attract tax on capital gains. The applicable taxes can also vary depending on the type of capital gains i.e. long-term or short-term capital gains.

Can I invest in same mutual fund again?

Kunal Verma answered. Yes, you most certainly can. Mutual fund houses allow you to invest in mutual fund schemes whichever way you like. So, if you have an ongoing SIP with a mutual fund house in say scheme A, you can definitely add more amount as lump sum in the same scheme.

Can I transfer fund from one folio to another?

Consolidation of folios can be carried out only if the following conditions are met: Names of holders and holding pattern of investments is identical across all folios. Mode of holding is same across folios (joint/either or survivor.)

Can I add money in mutual fund anytime?

Investing in mutual funds is so flexible that you can invest monthly or a lumpsum as and when the money is available. You can set a monthly SIP where a fixed amount is invested every month on a particular date. Even if you do not invest any month, your earlier investments won’t be impacted.

Should I increase my SIP?

If you have existing investments in mutual funds through SIP’s then I would suggest you increase the SIP amount by 10\%. 10\% is usually considered an ideal increase in the SIP amount every year. The investor can increase or decrease this percent according to his/her investing capability.

Can we transfer mutual funds?

a) Transfer of mutual funds is a grey area since as per the Securities and Exchange Board of India’s (SEBI) regulations, 1996, transfer of mutual fund units is allowed. However, the fund houses don’t let all the unit holders to transfer their units, en masse.

What’s the difference between direct and regular mutual fund?

A Direct plan is what you buy directly from the mutual fund company (usually from their own website). Whereas a Regular plan is what you buy through an advisor, broker, or distributor (intermediary). In a regular plan, the mutual fund company pays a commission to the intermediary.

Should you choose a direct mutual fund investment plan?

The only logical justification an individual can give for choosing a Direct Mutual fund investment plan is that there is a reduced Total Expense Ratio (TER)/Mutual Fund brokerage commission. If you choose a Mutual Fund Direct Plan, over a long period of time, the amount that goes to the Mutual Fund broker appears to be a quite good sum of money.

Should you invest in mutual funds directly or through a broker?

If you are investing in mutual fund schemes directly, you will be charged less management fees by the mutual funds company. Therefore your returns in direct plans will be slightly better than the returns you make in regular plans through a mutual fund broker. So you may want to know, “How to buy mutual funds without a broker or agent”.

Is goalwise the best direct mutual fund platform for beginners?

That’s the tagline of Goalwise, a very unique and innovative direct mutual fund platform best fit for people who are not experts in investing. Goalwise started offering investments in direct mutual funds in June 2019 and is, therefore, a recent entrant in my list.

Are direct mutual fund platforms making a kill?

With ‘do-it-yourself’ investing getting popular and financial literacy increasing amongst the masses, direct mutual fund platforms are making a kill. Most of the platforms I have covered started in the last 3 years and are on a way to becoming big names to reckon with.