Whalesbook
Seedha point par aate hain. March 2024 tak, direct plans ne industry ke total AUM ka 41.2% pakad liya hai, jo March 2019 mein sirf 27.4% tha. Ye trend young, tech-savvy logon mein zyada dikh raha hai.
Ab ye jo direct plans saste lagte hain na, iska reason hai inka expense ratio. Jaise, Nippon India Pharma Fund ka direct plan ka expense ratio lagbhag 0.91%-0.93% hai, jabki regular plan ka 1.82% hai! Matlab, fees mein 0.5% se 1.5% ka difference hota hai. Agar aap ₹10 lakh ko 20 saal ke liye 12% annual growth par invest karein, toh direct plan mein woh ₹96.46 lakh ho jayega. Wahi, agar regular plan mein 11% growth mili (fees ki wajah se), toh woh sirf ₹80.62 lakh hoga! Matlab, ₹16 lakh se zyada ka difference! Aur agar ₹10,000 ka SIP kar rahe ho, toh do decade mein ₹12 lakh kam pad jayenge.
Aur haan, government bhi kharcha kam karne mein lagi hai. December 17, 2025 se SEBI naya rule la raha hai expenses ke liye, jise Base Expense Ratio (BER) bolenge. Isse taxes hat jayenge aur kai fund types ke liye maximum expense ratio cap bhi kam hoga. Jaise, index funds aur ETFs ke liye cap 0.90% ho jayega, jo pehle 1% tha.
Lekin asli game expense ratio se bhi badi hai. Data bata raha hai ki regular plans mein log apna paisa zyada time tak hold karte hain. March 2024 mein, regular plan AUM ka 21.2% paanch saal se zyada time se hold kiya gaya tha, jabki direct plans mein sirf 7.7% tha. Isse pata chalta hai ki advisors ki guidance se log market crash hone par dar ke maare bechta nahi hai ya phir hot stocks ke peeche nahi bhaagta. Vanguard research ke hisaab se, professional advisors discipline aur behavioral coaching se saal ka 3% extra return dilwa sakte hain.
Wese, actively managed equity funds mein expense ratio 1.5% se 2.5% ke beech hota hai. Passive index funds toh 0.1% se 0.5% mein mil jaate hain. Edelweiss Flexi Cap Fund ka expense ratio 0.40% hai. Nippon India Pharma Fund ka example dekho, direct plan 0.91%-0.93%, regular plan 1.82%. Yahan fund management style bhi cost par effect karta hai.
Agar aap bina proper knowledge ya discipline ke direct plans chunte ho na, toh nuksan bhi bada ho sakta hai. Fees bachane ke chakkar mein galat decision le sakte ho. Research kehti hai ki individual investors emotions mein aa kar galat trades karte hain. Advisor ke bina, log market girne par bech dete hain ya trends chase karte hain, jisse fees se zyada ka nuksan ho jaata hai. Fintech ne direct plans access karna aasan kar diya hai, par sirf access karne se expertise nahi aati. Iske liye financial literacy aur emotional control chahiye, jo sabke paas nahi hota.
Toh bhaiyo, direct plans saste zaroor hain, par agar aapko guidance aur discipline chahiye toh regular plan ka thoda zyada cost worth it ho sakta hai. SEBI bhi cheezein transparent kar raha hai, par choice aapko apni skills aur needs dekh kar hi karni hogi.