SBI Bluechip Fund Regular Plan is rated but the Direct Plan has a provisional rating. So should we be investing in the Direct Plan?
- Arpita
As per Value Research rating, SBI Bluechip Fund (regular plan) is a four-star multicap fund. The rating for the direct plan of the scheme is provisional because it has not completed three years. Direct plans are derived from regular plans, they have the same portfolio. However, these plans will have higher returns because they do not incur any commission or distribution expense. It can be safely assumed that the rating of a fund in the direct plan of a scheme will be the same or better compared to the regular plan in the same fund.
Lastly, you should invest in a direct plan only if you can manage your investments on your own. If you need any hand-holding, you should hire an advisor and opt for a regular plan.
This article was originally published on December 28, 2015.
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