The same fund, two prices
Every mutual fund scheme in India comes in two share classes. The direct plan is what the fund costs to run. The regular plan is the same fund with a distributor's commission stapled inside its expense ratio — deducted from the NAV daily, every year, for as long as you hold.
Same manager. Same portfolio. Same market. The only difference is who gets a slice of your return on the way through.
Why the damage is invisible
Nobody sends you a commission bill. The regular plan's NAV simply grows a little slower — typically 0.5% to 1.5% a year slower, depending on the category. On any one day the difference is invisible. Compounded over twenty years of a ₹25,000 SIP, the calculator above shows it in lakhs.
The mechanism worth understanding: the commission is charged on your entire balance, not on new investments. As your corpus grows, the same percentage costs more rupees every year — the distributor's income grows with your wealth, whether or not any service is rendered.
How to check what you hold
Open any account statement. The scheme name says it plainly: "…Fund – Regular Plan" or "…Fund – Direct Plan". Bought through a bank relationship manager, a distributor app, or an agent? It is almost certainly Regular.
Switching: worth it, but mind the tax
Moving from regular to direct is a switch — which the taxman treats as a redemption plus a fresh purchase. For equity funds held over a year, gains up to ₹1.25 lakh per financial year are exempt, so staged switching across two financial years is often close to free. Run the numbers in our MF tax calculator first.
Where NYVO stands
NYVO Investment Advisor is a SEBI-registered Investment Adviser (INA000022172). The RIA model is fee-only by regulation: clients pay us, fund houses never do. Every fund page on this site shows direct-plan data, and no fund on it pays to be there.