Several guides explain how investors can choose between “direct” and “regular” mutual fund plans when investing through Systematic Investment Plans (SIPs). A direct plan is described as one where the investor transacts directly with the Asset Management Company (AMC) that manages the mutual fund. In this structure, the investment process does not route through intermediaries. By contrast, a regular plan is described as involving participation through a distributor channel. Specifically, it is handled through India-registered mutual fund distributors under the Association of Mutual Funds in India (AMFI) framework.
The guidance focuses on the distinction in access and channel rather than changing how SIPs function. SIPs are presented as a way to invest periodically, while the direct-versus-regular choice determines whether the investor deals directly with the AMC or via a distributor. Across sources, the key common point is that “direct” and “regular” refer to the route of investment—direct with the AMC versus investment through registered intermediaries—when setting up SIP investments in mutual funds.
