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How to convert existing MF Folios to Direct Plan?

Hi,

I wanted to know the procedure to convert my existing MF SIPs to the ‘Direct’ plan. I had selected the mutual funds myself after doing my own research, but had walked into a Karvy office because I didn’t know where else to go. 🙂

I have active SIPs running, so what is the process to switch to a direct plan now? Will I incur an exit load on my investments if I make the switch? Should I stop my existing SIPs and start fresh folios in each of my fund choices? I do not wish to incur an exit load or tax, so what is the best way to approach this?

Sunnydoc

 

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