Can I invest in direct plans through my Sharekhan or ICICI Direct accounts? Or do I need to go to different fund offices to invest in their funds?
- Srinivasan
You cannot invest in direct plans with an intermediary. You have to invest directly with a mutual fund to invest in a direct plan. You need to submit your application at the AMC's branch office and ensure that your application form does not have the distributor's ARN code but instead has 'direct' written in the prescribed box. You could also register with the AMC's own portal and invest through it or submit your applications at registrars of fund houses such as CAMS and Karvy, again ensuring that you have mentioned 'direct' and not a distributor's ARN code.
For more information, read: All About Going Direct.
This article was originally published on January 28, 2016.
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