SEBI Chief Says Direct Mutual Fund Plans Become Default Option From November 1

The Securities and Exchange Board of India chief has announced that direct mutual fund plans will become the default option starting November 1. Direct plans let investors buy units without routing through a distributor, typically carrying lower expense charges. The regulator is also coordinating with the Reserve Bank of India to speed up and simplify the process of bringing foreign investors into Indian markets. The official's remarks were reported in the context of ongoing efforts to make investing in India's capital markets more accessible. Further details on implementation are expected from the regulator.
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