What is a 'Direct Plan'?

What is a 'Direct Plan'?

SEBI has directed Mutual Funds /AMC vide SEBI Circular no. CIR/IMD/DF/21/2012 dated September 13, 2012 to provide a separate plan for direct investments, i.e. investments not routed through a distributor, in existing as well as new schemes. Hence PPFAS Mutual Fund has launched separate plans under its flagship scheme 'PPFAS Long Term Equity Fund' for direct investments called 'Direct Plan'
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