A switch is a feature that lets you move your regular mutual funds to direct mutual funds. It also allows you to switch between direct mutual fund investments within the same Asset Management Company (AMC).
Benefits of Switching to Direct:
- No Commission: Regular funds charge a commission of about 1.5%, but direct funds have a 0% commission.
- Higher Returns: Direct mutual funds can boost your return on investment (ROI) because they have a lower expense ratio compared to regular funds. This means more of your money works for you, leading to higher returns.
You can switch your fund today on Groww!