Question 1

What does the switch do?

Accepted Answer

The switch is a gateway to switch your regular mutual fund plan to a direct one.

Question 2

What is a regular and direct mutual fund?

Accepted Answer

As the name suggests, a direct plan is purchased directly from the mutual fund company (AMCs) or online platforms without paying any commission and brokerage. On the other hand, a regular plan is what you have to buy through an advisor, broker, or distributor (financial intermediaries).

Question 3

What is the benefit of switching to a direct mutual fund plan?

Accepted Answer

Switching to a direct mutual fund increases your return on investment, unlike regular mutual funds that usually have a higher expense ratio thus reducing your ROI.

Question 4

Do I have to pay a commission after switching to a direct plan?

Accepted Answer

No. Only regular plans have up to 1.5% extra commission which goes to agents while you don't have to pay a single penny for commission in direct plans.

Question 5

How to switch to a direct plan on Groww?

Accepted Answer

If you have invested via Groww, simply go to your dashboard and select the regular fund you want to switch. Then, Click on ‘Switch’ and then click on ‘Select Direct Fund’. Lastly, select the fund and confirm the switch.

Question 6

Can I select any other direct plans of the same AMC?

Accepted Answer

Yes, you can either switch to the direct plan of the same mutual fund you have invested in or any other direct mutual fund of the same AMC. You can utilize the search bar on Groww to look for more funds and invest.

Question 7

Are there any charges on switching?

Accepted Answer

Groww does not ask for any switching charges, but some charges such as exit load and capital gains tax might be applicable.

Stop Paying
Commission

Earn up to ~1.5% higher returns by switching to direct plan on Groww.

Why switch to Direct Plan?

Direct vs Regular Plan

Monthly SIP

₹20,000.00

Watch Video to know more!

Frequenty Asked Questions

Stop Paying Commission