It’s fair and simple. And, in fact, I always recommend people to choose direct plans of mutual funds over the regular plan. Migrating from the regular plan to this one is equally easy. You just have to fill up an application. That’s it!
Coming to your question now, everyone and anyone can invest in the direct plan of mutual funds, which has a much lower expense ratio. Of course, the first thing you need to do is understand the scheme itself. Know about its basics, how it’s better (and bad), what kind of returns you’re going to get and so forth. When making the decision, you must also factor other things, like the track record of the fund, your own distinct goals, and risk profile. Once you have gathered around all the information, make the right decision.
Also, you must be careful of the requisites, which isn’t stringent though. You must have PAN card, Aadhaar number, and bank account. As is mandatory by the government, you must fill all your KYC formalities.
Next step is to find a good online platform. Today, there exist plenty of online portals that offer direct plans of mutual funds. Look around carefully and pick a nice platform. Once you have found a nice online platform, go ahead and make your investment either by investing a lump sum or set up a SIP. And you’re done! That’s how easy it is! Hope it helped; good luck!