Is the direct SIP as handy as the regular SIP?
The question is not about handy or not.The real difference is the return you will get.Actually when you choose a direct sip your return will get increased by one percent each year till you are invested in the scheme.Moreover this 1 percent is getting compounded by your fund return that is minimum by 15 percent each year after one year of your investment till then you are invested.So suppose if you are invested for a perioed of 15 years,then in case of selling your fund of regular plan the amout you will get is X then in same fund with direct plan the amount you will get is around X+20 percent.Hence invest in an equity mutual fund always with direct plan for more return.You can invest from website of your mutual fund company and invest in direct plan.Then there are website of CAMS and KARVY they are registrar to most of the mutual fund company,from their website you can also invest in direct plan.Happy investing.Disclaimer-mutual fund investing carries market risk consult professional before investing.