Groww launches direct plan mutual funds
New Delhi: Groww, an investment platform, today announced direct plan mutual funds for its customers.
So far, regular mutual funds were available on groww.in. However, from today, all funds would be direct by default, the investment platform said in a statement.
One can buy any direct plan available on the company's app or website, without paperwork and within minutes. There are no charges for investing in direct plans through Groww.
Currently, there are two types of mutual funds plans -- direct and regular -- available to the investors.
Regular plans have an indirect commission paid to the distributors while direct plans have no commission. As a result, direct plans have higher returns than regular plans.