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Mutual Funds

Regular vs Direct: the rupee drag

Same fund, same manager, same portfolio. A Regular plan just carries a higher expense ratio than the Direct plan. It looks tiny each year. Here is what that difference works out to in rupees over time, assuming a return you choose. This is an illustration, not a forecast or a recommendation.

What the Regular plan's fee would cost over 20 years₹5.8LAssuming 12.0% a year on the same fund, the Direct plan grows to ₹46.7L and the Regular plan to ₹40.9L. The only difference is the higher expense ratio, quietly compounding. Illustration, not a forecast.
Direct plan₹46.7L
Regular plan₹40.9L
Direct plan₹46.7L
Regular plan₹40.9L
You invest in all₹12L
Rupee drag from Regular₹5.8L12.5% of your Direct corpus
₹0₹11.7L₹23.3L₹35L₹46.7L5y10y15y20y
Direct planRegular planInvested

Year by year

The Direct and Regular corpus each year, and the rupee drag between them, under the assumed return above.

YearInvestedDirectRegularRupee dragDrag % of Direct
1₹60,000₹63,872₹63,524₹3480.5%
5₹3L₹4.1L₹4L₹11,0082.7%
10₹6L₹11.3L₹10.6L₹64,4245.7%
15₹9L₹24.1L₹21.9L₹2.2L9.0%
20₹12L₹46.7L₹40.9L₹5.8L12.5%
The expense ratio is an annual fee taken daily from a fund's NAV, so you never get a bill for it. A Regular plan carries a higher expense ratio than the Direct plan of the exact same fund. Buying the Direct plan keeps that difference invested. The rupee drag above is illustrative and assumes the return you set holds for the whole horizon.
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These figures assume a fixed annual return on the same fund; real returns vary and can be negative, so treat them as a what-if, not a promise. When you want to act, browse the fund catalog. New to the idea? Read Direct vs Regular mutual funds explained.

Educational illustration only, not investment advice. Assumed returns are assumptions, not guarantees; actual returns vary and can be negative. Expense ratios differ per fund, so check the scheme document. The gap shown is only the effect of the expense-ratio difference between a fund's Direct and Regular plans, assuming both hold the identical portfolio.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.