Mutual Funds are investment vehicles consisting of a pool of money from many investors so as to invest insecurities like stocks, bonds, and other assets. They are managed by professional managers.
Direct Mutual Funds are mutual funds an investor directly purchases from an Asset Management Company (AMC).
Mutual Fund houses have launched direct plans for investors since 2013, but not many people are aware of such plans. A surprisingly large chunk of people are unaware of its existence! Moneymindz, India’s First Free Online Financial Advisory
The expense ratio of direct plans is lower than regular plans; therefore returns are higher in direct plans. Direct plans don’t involve commissions or distribution fees. In regular plans, fund houses pay commissions to brokers from investors’ money. Open ended schemes, new fund offers and a Systematic Investment Plan (SIP) can be done in direct plans.
Investors get the benefit of rupee cost averaging when they invest through SIP, so they don’t have to worry about market ups and downs. Moneymindz, India’s First Free On call Financial Advisory
Due to the less expense ratio, the Net Asset Value (NAV) of direct mutual funds is higher than regular mutual funds. The problem here is that people are unaware of the benefits of direct mutual funds even if some know about the existence of direct mutual funds.
Moneymindz, India’s First Free Online Financial Advisory, has always been working to increase consumer awareness on finances. Surveys like these which reveal financial ignorance is taken seriously by Moneymindz. That’s why Moneymindz has come up with a unique solution, Kuber Mindz, Smart Financial Advisor.
He is a Calm Financial Advisor. He is unbiased as he doesn’t have to do anyone a favor. You can ask him questions without hesitation and he will be glad to answer them for you. He will clarify all your doubts with utmost honesty. You just have to ask him. He will answer regardless of your age and other factors. You can count upon him as he is a Patient Financial Advisor, Kuber Mindz.
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