Now, Mutual Fund investors can invest in Direct Plans on stock exchanges

The Securities and Exchange Board of India has allowed investors to invest in mutual funds through stock exchanges directly from the fund houses. Now, an MF investor can invest and redeem units of Direct Plans from a stock exchange platform without going through an intermediary. Earlier, only the mutual fund distributors had access to the stock exchanges to purchase and redeem MF units on behalf of investors. Also, one has to directly invest through a mutual fund website or through any other platform To save on the cost by of investment.

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