Planyourworld
Sahi Kharido

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Save Hidden Commissions
SEBI introduced Direct Plan for the benefit of retail investors in December 2012, still majority of retail investors don’t know about this plan. This plan empowers investors, an investors invests money for his/her future, but ultimately the retail investor compromises by sharing maturity value with intermediaries even without taking proper services and value addition from them. After evaluation of quality of advice and level of services the investor should decide whether he should change from Regular plan to Direct plan. While taking this decision investor must know that the most important part of investment is choosing right product as solution for the problem.

Services
Planyourworld Direct Mutual Fund Account is a platform to empower retail investors to save year on year commission on value of wealth in mutual funds. On this transaction platform an investor can buy Direct Plans of approximately all the schemes of mutual funds in India.

How it works
While investing into mutual funds, investor has to go through KYC procedure if he/she is a first time investor. If you are investing through any intermediary. You have to fill MF application form, one time Bank Debit mandate form with supporting documents attached.

Process of account opening
Step By Step Process for opening the account for Direct Mutual Fund Plan:

  • Register Yourself at planyourworld.com
  • Payment of Planyourworld Direct Mutual Fund Account Fees
  • Fill of Account Opening Form and submit
  • Download and print One Time Bank Mandate and A/c opening form
  • Schedule Pick up of packet if you are from our service locations, else send the courier to us at our Noida Office
  • Pick up of Forms + self-attested copies of Pan Card and Aadhar Card from customers
  • Payee Reference Number will be generated in approx. one month
  • Confirmation about Payee Reference Number (PRN)
  • Activation of account through PRN. You can transact now

Formalities

  • Filled and signed KYC form
  • Aadhar Card Copy
  • Copy of PAN Card
  • Existing investors of mutual funds need to send cancelled cheque of registered bank with mutual fund
  • New investors can give cancelled cheque of bank of their choice.

Price
Planyourworld Direct Mutual Fund Account Fees is Rs. 500 + GST @18%.

Transaction
Once one time bank mandate is registered with your bank in 30 days from the date of submission of documents, the investor can start the transaction. The investor can make all kinds of transactions on the portal.

Change Existing Mutual Fund in Regular Plan to Direct Plan
The existing investment in regular scheme (without exit load) will be redeemed and then a fresh investment will be made in direct plan of the scheme. An investor may send statements of existing mf investments to support@planyourworld.com , our customer care will guide on how to change the plan from Regular to Direct.

Recommendation of funds
Planyourworld Direct Mutual Fund Account has an inbuilt automated recommendation process to assist you in choosing the right product for your need. The portal displays various kinds of mutual fund schemes that suits your requirement, and you can invest instantly.

Customer Care
To make the portal convenient for user customer care is the single point contact for our all the users for all the needs from service requests to complaints.
support@planyourworld.com

FAQ

Q1. I already have a mutual fund investment through SIP. How can I change it to direct?
The existing SIP will be stopped, this may take 30 days after submitting request to AMC and the next installment may be withdrawn. Exit load free units will be redeemed and fresh investment will be done or exit load free units can be switched into direct plan. Balance units can be changed once the units become free from exit load.

Q2. I am currently doing the investment through advisor. How can I change it into a direct plan?
Carefully evaluate the service you are taking like Transaction service or Advice, now you can decide what you want from your relationship and how much you are paying in total for the level of service and expertise you are getting. Advice has much higher value and advisor is important. Huge amount of Hidden commission for transaction is really high.

Q3. I invest in equity fund, how can I be benefitted by investing into direct plan?
Suppose if you are getting 12% return under regular plan, after conversion into direct plan you get approx 13.5% because the sales cost in added in your returns in direct plans.

Q4. I invest in liquid fund, how can I be benefitted by investing into direct plan?
Suppose if you are getting 6% return under regular plan, after conversion into direct plan we get approx 7% because the sales cost in added in your returns in direct plans.

Q5. I invest in Debt fund, how can I be benefitted by investing into direct plan?
Suppose if we are getting 7.5% return under regular plan, after conversion into direct plan we get approx 8.75% because the sales cost in added in your returns in direct plans.

Q6. I invest in MIP plans, how can I be benefitted by investing into direct plan?
Suppose if we are getting 8.5% return under regular plan, after conversion into direct plan we get approx. 10% because the sales cost in added in your returns in direct plans.

Q7. I invest in balanced funds, how can I be benefitted by investing into direct plan?
Suppose if we are getting 10% return under regular plan, after conversion into direct plan we get approx. 11.5% because the sales cost in added in your returns in direct plans.

Q8. I invest in arbitrage fund, how can I be benefitted by investing into direct plan?
Suppose if we are getting 5.5% return under regular plan, after conversion into direct plan we get approx 6.5% because the expense ratios are low under direct plans.

Check Your MF Plan

95% Investors have not invested in direct plans

KNOW YOUR PLAN

1.Have you invested through agent/broker/bank?
Yes No
2.Have you paid charges for making Investment
Yes No
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