Direct vs regular mutual fund plan: how to see which one you hold
Every mutual fund scheme is offered as a direct plan and a regular plan. They hold the same portfolio, but each has its own expense ratio and its own NAV. Your CAS tells you which one you are in.
What the two plans are
A regular plan is bought through an intermediary, such as a distributor or advisor, and its expense ratio includes their commission. A direct plan is bought straight from the fund house and has no distributor commission in it.
Because of that, the same scheme's direct and regular plans publish different NAVs and have different expense ratios. Neither is a different fund.
How to check yours
The scheme name printed on your CAS says which plan each folio is. Look for the words Direct or Regular in each fund's name; a name with neither is usually an older or regular plan, so check with the fund house if unsure.
What this page does not do
It explains the terms and where to find them. It does not say which plan you should hold; that depends on how you invest and what help you use, and is a decision for you or your adviser.
See your plans
- 01Get a detailed CASIt lists every folio with its full scheme name.Open the page ↗
- 02Read it hereChoose the PDF below. It is read in your browser and not uploaded.
- 03Check each nameLook for Direct or Regular in each fund's name.
Common questions
Are direct and regular plans the same fund?
They share the same portfolio and manager but have different expense ratios and NAVs.
Why is the direct plan's NAV higher?
Its expense ratio is lower, so less is deducted from the scheme each day and its NAV grows faster.
Does the CAS show the plan type?
Usually in the scheme name, as Direct or Regular. If it is unclear, ask the fund house.
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Read my CASArthtome is not a SEBI-registered Investment Adviser or Research Analyst. Data shown is based on the user's CAS and entries, AMFI's public NAV data and NSE's end-of-day prices. For informational and educational purposes only. No buy/sell recommendation. Past performance is not indicative of future returns.