End of January 2013, my original 8 fund have become 15 funds because of the improper implementation of “Direct” plan.
All along the time I have been investing in “Direct” mode and I dont understand why I was not given any option to change the same to the new “Direct Plan”. So excpet my Quantum fund all other funds created a new baby fund.
I understand the lower expense ratio etc. But if someone if already in “Direct” mode why do they need to create one more?
Just wondering do you guys feel the same?