Direct Mutual Funds – An Overview
Direct mutual funds are investment options where you invest directly with the mutual fund house, bypassing brokers or distributors. This method allows investors to save on commission or intermediary fees and have better control over their investments. Direct mutual funds provide transparency, lower expense ratios, and higher returns over time due to lower costs.
Cost-Effective: Direct mutual funds have lower expense ratios, meaning investors can save on the commissions and fees charged by intermediaries.
Higher Returns: Since there are no commissions to brokers, direct mutual funds tend to offer better long-term returns compared to regular mutual funds.
Transparency: Investors have direct access to their investment portfolio and returns, leading to greater clarity in their investment decisions.
Documents Required for Direct Mutual Fund Investment
The following documents are generally required for investing in direct mutual funds:
PAN Card
Aadhar Card
Bank Account Details (Cancelled Cheque/Bank Statement)
Address Proof (Aadhar, Passport, Utility Bill)
Direct Mutual Fund Investment Timeline
The investment in direct mutual funds can be processed within a few hours to a couple of business days, depending on the mutual fund provider. Post-investment, the units will be allocated in the investor's account and can be tracked in real-time.
Frequently Asked Questions
- What Are Direct Mutual Funds?
- What Are the Benefits of Investing in Direct Mutual Funds?
- Are Direct Mutual Funds Riskier than Regular Mutual Funds?