How could I transact through direct plans of mutual funds

Direct plan of mutual funds do offer less expense ratios as there is no involvement of an intermediary. However, direct plans are meant only for investors who can do everything on their own - right from fund selection, managing and reviewing their MF portfolio and self servicing the investments.

Therefore, it will be effective only if you can select good funds for investments. In our opinion, even if you transact through direct plans unless your fund selection is good you will not be making desired returns.

We have replied to a similar query which you can read here for more details - https://www.advisorkhoj.com/post-your-queries...

There are many a platform which offers transaction facility in mutual fund direct plans but we do not know how they work and what are the charges etc. as we have not yet reviewed them.

However, you can try this platform https://www.mfuindia.com... which is an initiative of the mutual fund industry in India. You can create a CAN number (Common Account Number) and transact through direct as well regular plans. You can also maintain your mutual portfolio here and see a consolidated view of your holdings across the industry. This platform is free for mutual fund investors.

Hope you find the above useful. Thanks for writing to Advisorkhoj!