Each Mutual Fund scheme has a Direct Plan and a Regular Plan. If you invest in Mutual Funds through a broker or a distributor, you are investing in Regular Plans. All distributors like Scripbox, MyUniverse, Fundsindia, ICICI Direct, Bajaj Capital etc provide only Regular Plans. But when you invest through the Mutual Fund directly or take the help of an advisor like Kuvera , you invest in Direct Plans. All Direct Plan mutual fund schemes require the word “Direct” or “Direct Plan” to be clearly mentioned in the scheme name. Always look for or ask for this in your portfolio statement.
What’s the difference?
Regular Plans pay commissions to the broker or the distributor. This commission is added to the expense ratio of the scheme. So these plans have a higher expense ratio as compared to Direct Plans that do not have commission expenses. Regular Plan commissions can amount to as much as 1.5% of the AUM(the value of your holdings) as commission from Mutual Funds, every year! When brokers tell you their advice is for free, it isn’t. Because you pay a heavy price (commissions and advice biased by commissions) for it. In effect, regular plan investments give you lower returns as compared to Direct Plans because of these commission expenses. Obviously, a broker will never help you or advise you to invest in Direct Plans.
In short, if you invest in Direct Plans, the same schemes will get you better returns.
Direct Plans will help me save 1.5% commissions every year.. that’s not much!
If you consider the compounding impact of this leakage year on year, it adds up to quite a bit. We did the portfolio value calculations for just a Rs 1 lakh investment in a Direct Plan and a Regular Plan over 40 yrs. Your investments will be worth 35% more in just 20 yrs when you invest in Direct Plans. See chart below
We assumed a 12% Return on investments and a Total Expenses Ratio of 1.0% for Direct Plans and 2.5% for Regular Plans.
But my broker provides me advice. It’s OK if he earns some commission. Is that wrong?
Yes, it is. Because the commission is paid by the fund house and not by you directly. Whose interest will the broker work for? Isn’t there a conflict of interest when the broker has to make a choice between the scheme that suits your risk profile and objectives vs a scheme that pays attractive commissions?
Agreed, Direct Plans are better, but how do I choose which Funds to invest in?
You can visit kuvera.in and try our Financial Planning Solution here. We do your risk profiling and goal planning to build a detailed financial plan. And recommend which Mutual Fund schemes in which you should invest. We have used our years of Investment Management experience to develop a scientific and disciplined approach to investing. Importantly, we are a Direct Plan only platform so our advice is never biased by commissions.
Adityaa Guneriwala
June 17, 2017 AT 08:46
V informative
Never knew the difference
Rajendra Agrawal
March 26, 2021 AT 20:47
It’s TRUE and best suggestions to invest in Direct MF plans
Sudhir Y R
June 22, 2017 AT 11:08
How do you run your company if there are no revenues ? I am sure “there are no free lunches in Business!!!”
Gaurav Rastogi
June 29, 2017 AT 19:08
Good question Sudhir. You can learn about our pricing here https://kuvera.in/pricing/
Sundar G
September 30, 2017 AT 14:33
Still you are saying that it’s FREE (or ZERO) on your “pricing” website. I’m looking for a single view portfolio site – as you offer “Direct Plans”, how are running the business without getting by both customer and MF AMC. We don’t need your business earning model – but, interested to know how the customer is directly or indirectly charged.
I’m failing to understand the back ground
Gaurav Rastogi
October 18, 2017 AT 10:30
From our FAQ “We thank you for your concern about our financial well being. We generate revenues through B2B services and market data analytics. We will add value added investment products like PMS and AIF strategies in time and for this, we will charge users who wish to avail of these products or services. Financial goal planning and Mutual Fund investing, though, will always remain free for you to use.”
Aswani Kumar
January 8, 2019 AT 17:49
does this mean.. you sell our data?
We have lot of respect for what you do and what you are trying to break. But we really want to know how you earn in lay man’s words. Will my data be at disk by sharing it or placing it in kuvera? Will you share my email id and phone numbers?
Gaurav Rastogi
January 18, 2019 AT 08:47
We have made it clear enough times, we will never sell your data.
Puja Chowdhury
July 26, 2017 AT 19:16
Do I Need to invest online only using your website by myself ?
Or Any of your Marketing Executives meet me in person and help me get all the documentation done in physical and collect investments cheques from my place .
Gaurav Rastogi
July 27, 2017 AT 11:26
Hello Puja, no paperwork or cheques are required. The entire investment process can be done online through your internet banking account.
Thanks
Gaurav
kinshuk
August 13, 2017 AT 07:44
is it safe investing through a website, without having any physical interaction with anybody and without any paperworks? what if after few years the website becomes invisible? how do i get my money back then?
Gaurav Rastogi
August 15, 2017 AT 02:41
Dear Kinshuk, thanks for asking us the above. It is totally safe to invest through a platform without any paperwork. All your transaction records, which used to be stored as paperwork earlier, are stored as digital files with central registrar agencies such as CAMS and KARVY and also with all the Mutual Funds you invest in. Your money is always invested in your name and you can always sell your funds and withdraw that money directly with the Mutual Funds company. We will give you all the information necessary to sell your funds and withdraw your money, either it is through us or directly with the Mutual Fund company.
Bharath
October 30, 2017 AT 06:20
So does this mean investing here gets synced with the other mutual fund companies database? lets says(HDFC or ICICI or anyother?)
Gaurav Rastogi
November 13, 2017 AT 04:36
Yes Bharath, you invest in funds managed by Mutual Fund companies such as HDFC or ICICI. We have 30+ such fund hosues on our platform and you can invest in them directly through us.
Phani
August 23, 2017 AT 13:35
As you said, Advisor may recommend the funds which will have high commission.
Won’t SEBI have control on deciding the commissions for MF houses? I don’t think it will be in MF houses control.
Can you please clarify?
suryabhan singh
September 26, 2017 AT 17:24
i am getting difficulties to do direct mutual funds -because of KYC.
i am an NRE,is it mandatory to mention whether NRE or not
Gaurav Rastogi
October 2, 2017 AT 06:02
Yes, Suryabhan you will have to update your KYC as NRE. It is mandatory to mention NRE or not.
Sam Sharma
January 2, 2018 AT 11:26
I have recently invested with a small company (a friends’ startup) with a similar offering as the other ones you mentioned above (Scripbox, etc.) and I have invested north of 25L plus SIPs in multiple MFs. How easy will it be to switch to you, in case I decide to go down that path?
Gaurav Rastogi
January 3, 2018 AT 03:55
Dear Sam, you could setup your account and import your existing portfolio to Kuvera in under a day. Start at kuvera.in
Thanks,
Gaurav
Raj
March 13, 2020 AT 10:14
How to import outside Kuvera portfolio to Kuvera.in?
What is the process & how longit takes with safely import of investments and data?
Gaurav Rastogi
March 14, 2020 AT 02:01
On the web or on the app, go to the “Import Portfolio” section and then follow the steps. It is completely safe and should be done quickly.
Sreekumar
March 4, 2018 AT 08:16
NAV for Direct plan is higher than Regular , so the purchase price is also higher. Does the customer really benefit?
Gaurav Rastogi
April 17, 2018 AT 08:45
NAV for direct plan is higher because returns are higher and it will continue to grow higher faster over time. For more details you can read this here – https://blog.kuvera.in/direct-plans-nav-calculation/
SK GOUSE
March 19, 2018 AT 10:15
WHAT IS STCG
Gaurav Rastogi
April 17, 2018 AT 08:40
STCG stands for Short Term Capital Gains. For equity funds these are taxable at 15% of the total short term capital gains.
RV
March 23, 2018 AT 10:35
Why is it that you talk only about direct plans of mutual funds as a means of wealth creation? No talk of complete portfolio management?
Gaurav Rastogi
April 17, 2018 AT 08:39
We do talk about complete portfolio management as well. We just emphasize on using Direct plans in achieving it.
Vikram sapre
March 23, 2018 AT 16:54
I want you to contact me on my on my m.no.9518561536 I want to invest in lumsome AMT.
Sanjay garg
April 12, 2018 AT 16:14
Free for lifetime , for referring purposes
Amal
April 20, 2018 AT 08:13
Why do you say that your services are absolutely free when Kuvera charges approximately Rs 2,500 of yearly fees, once the investment through the platform crosses a lakh ?
Gaurav Rastogi
April 23, 2018 AT 03:21
This https://yourstory.com/2017/06/kuvera/ is the article you are referring to we suppose. Please read till the end for – “Update: In October 2017, Kuvera stated to have updated their pricing and now the Mutual Fund investing platform is free to use regardless of portfolio size.”
You can also read more here https://kuvera.in/pricing . We are very transparent about our pricing. What you see is what you get.
Vivek
November 27, 2018 AT 11:03
Please provide the links or details for the same…
RG
April 22, 2018 AT 06:16
Hi Gaurav,
Was searching for such a platform. Was finally redirected here via an answer on Quora. Frankly speaking, I never heard of Kuvera before. Doesn’t Kuvera advertise itself much? Brokers like Sharekhan, ICICI etc. are the only ones well known to the general public. I suggest that you should advertise your platform in some way or the other because it’s a really investor friendly platform where you charge no fees for investments in direct funds. Really appreciate that. Kudos to such a platform!
Coming back to my question:
I have MF investments North of 2 lakh in regular plans via Sharekhan. Can I import them to Kuvera? If yes, then will I have to sell off these investments and reinvest in Direct plans via Kuvera? How long will the entire process take?
Gaurav Rastogi
April 23, 2018 AT 03:19
Sharekhan is a demat account so you cannot import directly to Kuvera. To import completely to Kuvera and to close your demat account with Sharekhan you will need to –
1.Sell your demat units and then buy them directly from Kuvera.
OR
2. Ask Sharekhan to rematerialize your folios so you can import them to Kuvera following the steps in the “Import Portfolio” screen.
As a first step, your should stop your demat SIPs and start the same SIPs on Kuvera to stop accumulating more demat units.
Pradip Ghosh
December 4, 2019 AT 23:11
Same question here .. I have invested with cleartax . In some mutual funds on May b regular plan . So I want to import or I want to transfer to direct plan with kuvera.. So what should I do ? Should I do stop my sip in cleartax. Or have to sell these mutual funds and again start invest with Kuvera . Already I import my portfolio to kuvera by CAMS permission or helping . Now I can see my investment in kuvera . But I want to continually investing with kuvera for long time for direct plans . So what should I do to continue my same investment portfolio with kuvera as Direct plans ..?
And there have SIP with my NRE Account of SBI Bank . Bcz I m NRI of UAE. So kindly refer me is it any problem in future to withdraw or redemption my Investment for being a NRI ? And today I just know about kuvera . And I download it and seen that’s its a great app for all investors.. but I can’t fulfill my KYC Bcz I m in dubai now as my working issue. And there need indian mobile number for OTP confirmation.. so what should I do ? And in this matter what should I do ? I want to invest for my family or my future continue for long term . Please Face my 3 questions as soon as possible..! I hope I will get best sollution for any problem in future..!
Gaurav Rastogi
December 5, 2019 AT 05:58
Hello Pradip, please reach out to our support team at support@kuvera.in and we will help.
Sachin
April 24, 2018 AT 11:48
Hi Gaurav,
Could you please enlighten me on the following:
1. Currently I invest in regular mutual funds through another platform that automatically monitors growth and suggests new funds, when the current returns are not on track. Does Kuvera offer something similar? Will you suggest me a better plan, while investments are in progress and the current funds do not perform as expected?
2. I have imported the portfolios to Kuvera. Now, do i have to individually select the direct plan, that i wish to switch to? And if yes, do i have to research before i select a plan from the drop down list, or are they all similarly performing funds that you recommend? (Note: i have minimal knowledge in mutual funds, and the current platform i use shows only one plan that they believe is the best)
3. How else can i use smart switch, if i don’t have enough coins to avail it? is there an option to pay for this service?
Gaurav Rastogi
April 27, 2018 AT 03:41
Hello Sachin,
1. Yes, we update our recommendations as markets change. We will advice you accordingly but you will have to decide to execute on that advice or not.
2. Yes, for each regular plan please select the Direct plan you want to switch to. If you are happy with your funds then just choose the Direct plan counterpart from the drop down (it will have the same name with “Direct Plan” appended to it)
3. Right now Coins is the only way. We find a simple “Whatsapp” share easily gets most user 1000+ coins.
Hope it helps. Also not support@kuvera.in is a better channel for queries like this for a prompt response.
Regards,
Gaurav
RANITA PAL
May 31, 2018 AT 06:08
I have a demat account in Axis bank..I.e. Axis Direct. 3 Sip run through it for 9months. How can I switch this sip from regular to direct through kuvera.
Gaurav Rastogi
June 1, 2018 AT 08:40
Axis Direct is a demat based account so, you cannot import folios directly to Kuvera. To import completely to Kuvera and to close your demat account with them you will need to –
1.Sell your demat units and then buy them directly from Kuvera.
OR
2. Ask them to rematerialize your folios so you can import them to Kuvera following the steps in the “Import Portfolio” screen.
As a first step, you should stop your demat SIPs and start the same SIPs on Kuvera to stop accumulating more demat units.
Krunal Sabnis
July 20, 2018 AT 09:05
How does your SIP work ? Is it SIP or lumpsum buying at the regular intervals?
My concern is what is lumpsum buying is stopped from Fund House and only SIPs are allowed?
Gaurav Rastogi
July 23, 2018 AT 00:38
It is a true SIP. It is not periodic lumpsum investments. Even if fund house stops lumpsum investments, your SIP at Kuvera will continue.
Arjun
July 30, 2018 AT 11:12
HI Team,
Are you also help to track my EPF, NPS and PPF accounts here? I just want to know if I can track all my investment under one app.
Gaurav Rastogi
September 18, 2018 AT 08:33
Not yet, but this is in our roadmap.
Mohit
July 19, 2020 AT 13:57
Hi, just wanted to check if there is any update on this over the last 2 years?
Gaurav Rastogi
July 20, 2020 AT 11:03
Still means the same
Arjun
October 7, 2020 AT 10:24
Any update on this feature?
Gaurav Rastogi
October 8, 2020 AT 03:00
EPF tracking has been live since Mar 2020. NPS is in the works.
Kalyan Singh
August 5, 2018 AT 12:57
Is facility of systematic transfer from a Liquid mutual fund (Lump sum deposited here) to an Equity mutual fund of same fund AMU possible?
Gaurav Rastogi
August 5, 2018 AT 12:59
Yes Kalyan, you can setup an STP online post login from here – https://kuvera.in/systematic/stp
kiran
August 15, 2018 AT 11:54
Hi ,
am having two portfolios with kotak and fundsindia. How can I switch to Kuvera?
Gaurav Rastogi
August 15, 2018 AT 14:27
To move completely to Kuvera from your current platform(s), we recommend the following steps (entire process is online) –
1/ Import your existing units to Kuvera so you can track them here
Setup an account with Kuvera and complete KYC check and bank account setup.
After logging in, please follow the steps in the Import Portfolio tab. Do read the “Import Portfolio” FAQ at the bottom of the page as well.
We read and process your Consolidated Account Statement in real time and you can start placing orders in the same folios as your current regular and Direct plans immediately.
2/ Move your SIPs from current platform to Kuvera
Set Mandate amount in your profile and complete the mandate setup process. You will need an active mandate to be able to place SIP order.
START your direct plan SIPs on Kuvera in the same folio as your current plans and then STOP your SIPs with other platforms. Ps: if your regular plan platform does not agree to stop your SIPs (saying you need minimum months etc etc), read this – https://www.cnbctv18.com/personal-finance/how-to-stop-your-sip-when-you-want-to-also-when-the-distributor-refuses-to-stop-410731.htm
3/ Switch your Regular plan units to Direct plan units – there are 3 ways that Kuvera makes it easy to switch from Regular plan units to Direct plan units. You can read in detail about them here – https://blog.kuvera.in/3-ways-to-switch-your-regular-plans-to-direct-mutual-fund-plans/
Hope the above clarifies. Email support@kuvera.in if you get stuck
Sudipta
August 18, 2018 AT 18:57
Hi,
If I import my portfolio to kuvera, and start SIP or do a lumpsum purchase, can I log into my AMC login and see thee same number of units as Kuvera?
And if I do transaction there, will that also be synced with Kuvera. Whether buying or selling…?
Gaurav Rastogi
August 20, 2018 AT 00:41
Yes, you can use your folio and login details to track on the AMC site too.
We cannot auto import transactions done outside Kuvera, thus the need for importing transactions in the first palce. You can automate import, and here’s how – https://blog.kuvera.in/automatic-tracking-of-your-external-transactions/
Basudev
August 22, 2018 AT 12:59
Is it true no commission even after 1lakh fund
Gaurav Rastogi
August 22, 2018 AT 14:01
Yes, no fees regardless of portfolio value.
Since we are Direct Plan only so no commission ever as well.
Vijayakumar
August 23, 2018 AT 08:24
Hi, I have couple of SIP orders invested in direct mutual funds through Zerodha-Coin and wanted to import them into Kuvera. Can you guide me with the steps?
Gaurav Rastogi
August 24, 2018 AT 02:04
Kuvera is a non-demat platform and zerodha coin is a demat platform. Bear that in mind as you read further.
You have two ways to move completely to Kuvera and close your zerodha demat account –
1 Subject to exit load, lock-in and tax considerations, you can sell your demat units through zerodha. Once sold, your zerodha account can be closed. Then place fresh purchase requests on Kuvera in the same schemes.
OR
2 Ask your broker to rematerialize your folios. There will be a nominal charge for it. Once folios are rematerialized you can import them to Kuvera following the steps in the “Import Portfolio” screen. You can then close your zerodha account.
If both these options are not feasible or inconvenient, consider investing new money in Mutual Fund Direct Plans through Kuvera and over time sell your demat holdings and repurchasing them in Kuvera.
Ps: just importing your portfolio today (following the steps in “Import Portfolio” tab) will not close your demat account with zerodha. Further orders placed from demat folios on our platform will get reversed by the AMC. You will have to convert the units from demat to non-demat using one of the steps above.
Let us know how it goes and if we can help in any way.
Pramila
September 1, 2018 AT 16:24
How are your different from coin of zerodha. Other then in nondemat form of yours.
What advantage or disadvantages i have from shifting from coin to your platform
Gaurav Rastogi
September 11, 2018 AT 02:19
1 Login. All the features. That is what differentiates us. We understand investing and investor needs, so we have features and processes in place that make investing easy.
You can read more here – https://www.quora.com/What-is-the-best-free-secure-direct-mutual-fund-platform-in-India-among-Kuvera-Karvy-or-Paisabazaar/answer/Gaurav-Rastogi-100
And here – https://sites.google.com/site/myfinancecollection/mutual-funds/1-beginning-the-journey#TOC-Exploring-the-platform-to-invest-into-mutual-funds
Vikram verma
September 11, 2018 AT 15:24
Sir, I have invested through broker agent in different sip, Now I want to switch to kuvera, If I make a smart switch from regular to direct, will my running sip be close/stop, or it will continue as direct plan. Will my collected units till now will merge in direct plan for the same fund in direct plan
Gaurav Rastogi
September 12, 2018 AT 06:18
If I make a smart switch from regular to direct, will my running sip be close/stop, or it will continue as direct plan.
You will have to stop existing SIPs in regular plans and start Direct SIPs in same folio on Kuvera.
Will my collected units till now will merge in direct plan for the same fund in direct plan
Your collected units will be regular plan units till you switch them to Direct plan on Kuvera.
Nitin pandey
May 6, 2020 AT 19:22
I have a similar question .
So in this case I’ll book loss if let’s say I have an investment going on for last few years now that I decide to switch from regular to direct I would have to stop my existing SIPs and now buy all of them at a higher price .
Gaurav Rastogi
May 22, 2020 AT 08:55
It’s the amount you are buying that matters. Ignore NAV as the article here says. You will sell Rs10k of regular plans and buy Rs 10k of direct plans, your compounding will continue unaffected
sam
November 7, 2018 AT 10:13
Dear Gaurav, I have been investing in MF’s through ICICI direct all these years. is there a possibility of me importing those funds to Kuvera if I start an account and switching the same to direct funds? advice.
Gaurav Rastogi
November 12, 2018 AT 06:46
The steps to do the same are:
1/ Import your existing units to Kuvera so you can track them here
Setup an account with Kuvera and complete KYC check and bank account setup.
After logging in, please follow the steps in the Import Portfolio tab. Do read the “Import Portfolio” FAQ : https://kuvera.in/faq/import
We read and process your Consolidated Account Statement in real time and you can start placing orders in the same folios as your current regular and Direct plans immediately.
2/ Move your SIPs from current platform to Kuvera
START your direct plan SIPs on Kuvera in the same folio as your current plans and then STOP your SIPs with other platforms. Ps: if your regular plan platform does not agree to stop your SIPs (saying you need minimum months etc etc), read this – https://blog.kuvera.in/how-to-stop-your-sip-when-your-distributor-refuses-to-stop-sip/
3/ Switch your Regular plan units to Direct plan units – there are 3 ways that Kuvera makes it easy to switch from Regular plan units to Direct plan units. You can read in detail about them here – https://blog.kuvera.in/3-ways-to-switch-your-regular-plans-to-direct-mutual-fund-plans/
Hope the above helps. Let us know if you get stuck on any step.
Chandra Prakash
November 14, 2018 AT 15:09
I have my direct mutual fund account in Paoisabazaar.com….
how can i switched my portfolio to kuvera.in
i am tired of his services, please help me.
Gaurav Rastogi
November 22, 2018 AT 04:58
Thank you for writing to our team. To move completely to Kuvera, we recommend the following steps (entire process is online) –
1/ Import your existing units to Kuvera so you can track them here
Setup an account with Kuvera and complete KYC check and bank account setup.
After logging in, please follow the steps in the Import Portfolio tab. Do read the “Import Portfolio” FAQ : https://kuvera.in/faq/import
We read and process your Consolidated Account Statement in real time and you can start placing orders in the same folios as your current regular and Direct plans immediately.
2/ Move your SIPs from current platform to Kuvera
START your direct plan SIPs on Kuvera in the same folio as your current plans and then STOP your SIPs with other platforms. Ps: if your regular plan platform does not agree to stop your SIPs (saying you need minimum months etc etc), read this – https://blog.kuvera.in/how-to-stop-your-sip-when-your-distributor-refuses-to-stop-sip/
3/ Switch your Regular plan units to Direct plan units – there are 3 ways that Kuvera makes it easy to switch from Regular plan units to Direct plan units. You can read in detail about them here – https://blog.kuvera.in/3-ways-to-switch-your-regular-plans-to-direct-mutual-fund-plans/
Hope the above helps. Let us know if you get stuck on any step.
Jimmy Shah
November 21, 2018 AT 20:47
Gaurav,
I hold “direct” MFs from Aditya Birla Capital, Franklin Templeton, HDFC, ICICI, UTI, and AXIS. My investment is large. I invest for a long-term and always do a lump sum. So obviously I have separate logins for each AMC. I am also able to get a consolidated statement from CAS which has the breakdown of all my MFs in one document.
The only requirement I have is to view my MF portfolio in one screen with all the analytics of profit/loss and return.
My questions are:
1) Through import function on Kuvera, I will be able to view all the direct MFs on one screen and with all the analytics that I could on an AMC website, correct?
2) After I import on Kuvera, my AMC portfolio and logins will stay as-is, correct? There will not be any change in what I have today and what I can do through AMC website, correct?
Hope this makes sense.
Thank you,
Jimmy Shah
Gaurav Rastogi
November 22, 2018 AT 04:48
Yes Jimmy, you are right on both counts.
1/ Through import you will be able to see consolidated portfolio on Kuvera.
2/ You can always access those folios from the AMC site.
Regards,
Gaurav
swaroop
January 20, 2019 AT 06:19
if we start an SIP in kuveera after 10 or 15 years if i want to withdraw my money along with the interest earned do we need to pay while withdrawing to kuvera ??
Gaurav Rastogi
February 2, 2019 AT 07:30
No Swaroop, there is absolutely no charge for redemption either.
sobhan
March 15, 2019 AT 11:10
Hi there,
I am investing lumpsum amounts on fundsindia for the past few years.
1) How can I import those plans into your’s?
2) After I import it, will it become a direct plan in Kuvera? or it will be just a replica of fundsindia data while it is regular plan there?
Regards
Capricon
Gaurav Rastogi
March 19, 2019 AT 02:43
Thousands of investors have successfully moved their portfolio to Kuvera to save on regular plan commissions and to take advantage of our advanced investing features.
To move completely to Kuvera, we recommend the following steps (entire process is online) –
1/ Import your existing units to Kuvera so you can track them here
Setup an account with Kuvera and complete KYC check and bank account setup.
After logging in, please follow the steps in the Import Portfolio tab. Do read the “Import Portfolio” FAQ : https://kuvera.in/faq/import
We read and process your Consolidated Account Statement in real time and you can start placing orders in the same folios as your current regular and Direct plans immediately.
2/ Move your SIPs from current platform to Kuvera
START your direct plan SIPs on Kuvera in the same folio as your current plans and then STOP your SIPs with other platforms.
We will ask you to setup a mandate as part of the SIP placement process
Ps: if your regular plan platform does not agree to stop your SIPs (saying you need minimum months etc etc), read this – https://blog.kuvera.in/how-to-stop-your-sip-when-your-distributor-refuses-to-stop-sip/
3/ Activate TradeSmart and switch your Regular plan units to Direct plan –
Go to the “Portfolio” (https://kuvera.in/holdings) page and click on “Manage”
Choose “Switch” to start switching your regular plans to direct plans
Mahesh
May 28, 2019 AT 20:52
Hi,
I have been investing in MF since 2005 and I’m still holding some units that I purchased prior to the introduction of DIRECT option. However, all my recent/new investments are through the DIRECT option.
My question: If I switch the old units that were bought before the introduction of DIRECT option, I have to pay tax @10% on Long term capital gains. These old units constitute 60% of my total portfolio value. Should I pay the LTCG and switch to DIRECT plan or stay invested in REGULAR option to avoid LTCG. I intend to stay invested for another 17 years at least.
Gaurav Rastogi
June 3, 2019 AT 01:27
You have a Rs 1 lakh LTCG exemption every year, use this to convert to Direct over time. We will introduce a tool to make it easy to optimize LTCG exemption and convert smartly to Direct.
Rajeev.k.v
June 20, 2019 AT 08:20
I am investor I would like to know how the growth calculated in mutual funds.
Gaurav Rastogi
June 24, 2019 AT 03:00
Hi Rajeev, could you elaborate on your question? Maybe with an example. It is not clear on what is being asked.
Debabrata Ray
August 3, 2019 AT 03:50
sir i have already buy two regular mutual fund.please suggest me how i can switch them to direct plan. tell me step by step and i have already import my profile. plz help
Gaurav Rastogi
August 5, 2019 AT 02:38
To move completely to Kuvera and switch from Regular to Direct, we recommend the following steps (entire process is online) –
1/ Import your existing units to Kuvera so you can track them here
Setup an account with Kuvera and complete KYC check and bank account setup.
After logging in, please follow the steps in the Import Portfolio tab (https://kuvera.in/import). Do read the “Import Portfolio” FAQ : https://kuvera.in/faq/import
We read and process your Consolidated Account Statement in real time and you can start placing orders in the same folios as your current regular and Direct plans immediately.
2/ Move your SIPs from current platform to Kuvera
START your direct plan SIPs on Kuvera in the same folio as your current plans and then STOP your SIPs with other platforms.
We will ask you to setup a mandate as part of the SIP placement process
Ps: if your regular plan platform does not agree to stop your SIPs (saying you need minimum months etc etc), read this – https://blog.kuvera.in/how-to-stop-your-sip-when-your-distributor-refuses-to-stop-sip/
3/ Activate TradeSmart and switch your Regular plan units to Direct plan –
Go to the “Portfolio” (https://kuvera.in/holdings) page and click on “Manage”
Choose “Switch” to start switching your regular plans to direct plans
Hope the above helps. Let us know if you get stuck on any step.
Biswajit Mondal
August 19, 2019 AT 17:22
Excellent unbiased idea about personal investment from kuvera helps me a lot to take strong decision to invest in direct mode rather than influenced by unknown people who just want to sell products..
Gaurav Rastogi
August 22, 2019 AT 06:31
Thanks Biswajit
chandru
September 9, 2019 AT 16:16
ok
Sunny
November 10, 2019 AT 09:45
How to do KYC from Kuvera. I don’t see any option. Will the KYC done by Scripbox work for Kuvera as well?
Gaurav Rastogi
November 11, 2019 AT 02:12
Yes if you are already KYC, you do not need to do it again.
If you are not KYC, email us at support@kuvera.in and ask for KYC beta access.
Rohan
April 26, 2020 AT 03:49
Hi Gaurav,
Is there any benefit really to switch existing Regular MF units to Direct MF units?
As per my understanding the commission get s deducted at the time of units buy. So only stopping existing SIP and creating new SIP on Kuvera should be good enough.
Please let me know if there is anything more if we switch to direct for stopped SIP units.
Gaurav Rastogi
April 28, 2020 AT 00:52
“As per my understanding, the commission get s deducted at the time of units buy.”
That’s a myth, commissions get deducted from your returns and paid to the broker every year you remain invested in a regular plan.
Rohan Kulkarni
April 28, 2020 AT 02:04
Can you please elaborate how commission gets deducted from my returns of regular funds?
Do they reduce no. of units or NAV?
Gaurav Rastogi
April 29, 2020 AT 10:48
Regular funds have higher expense ratio. The higher expense ratio gets paid out to the distributor as commission. In effect regular fund NAV will grow slower than Direct fund NAV.
Sravan
June 18, 2020 AT 19:04
Pretty excellent and seem less platform… I am fully impressed by the UI and features provided by kuvera I am suggested this to few of my friends and they were also very happy with this
Vikas
December 21, 2020 AT 10:28
Once the MF Folios are transferred to Kuvera Direct plans, who will be the custodian for the fund?
What happens to the investments in the unfortunate event of Kuvera going bust?
Gaurav Rastogi
January 2, 2021 AT 04:01
The fund custodian or registrar do not change. You just manage the fund through us.
Abhishek Kumar
June 2, 2021 AT 06:08
Amazing work Mr. Gaurav for answering all these questions here. I tried to read through as many as I could to find answer to one specific question which unfortunately wasn’t asked. So I am asking it here.
What are the charges that would be deducted from my holdings sold through Kuvera?
Gaurav Rastogi
August 20, 2021 AT 04:24
None whatsoever.
Soumya Swaminathan
July 25, 2023 AT 12:16
Thanks for sharing such a detailed article keep up the good work
Soumya Swaminathan
July 25, 2023 AT 12:18
Thanks for sharing such a detailed article keep up the good work! Like you, indiaistore
Swapan Kumar Bhattacharyya
May 20, 2024 AT 09:33
Excellent