What are Direct & Regular Mutual Funds?

Both the regular and direct versions of any mutual fund are the exact same fund, run by the same fund managers investing in the same stocks and bonds.

The difference is that in the case of direct mutual funds, there is no broker/distributor commission. Which means, as an investor, you get higher returns from the exact same mutual fund.

Benefit of investing via Direct Mutual Funds?

Direct plans of any mutual fund always give higher returns than their regular counterparts because of the less expense ratio they carry. This is one of the major benefits of investing through a RIA compared to a bank or a mutual fund distributor. Moreover, the higher returns keep compounding. That higher amount itself earns returns, and so on, over the years.