How to invest in direct mutual funds
The expense ratio in direct mutual funds is lower as compared to regular plans, and the investor gets higher returns. Here is all you need to know about investing in it
New Delhi: Mutual fund schemes are popular investment options that qualify for income tax deduction. A contribution up to Rs1.5 lakh a year qualifies for tax deduction under Section 80C and reduces your tax liability. In 2013, the Securities and Exchange Board of India (SEBI) asked all Asset Management Companies (AMCs) to give the option to investors of buying the units of every scheme directly.