DSP Regular Savings Fund

There are two major ways to invest in the DSP Regular Saving Fund, (a) one is to invest through the DSP Mutual Fund's website; (b) another is to invest through a SEBI registered market intermediary, such as a zero-brokerage mutual fund platform, using its app or website.
Before making any kind of investment decision, it is important to understand that most mutual funds including the DSP Regular Savings Fund, have two Plans of the same mutual fund scheme. The two plans are (i) the direct plan and (ii) the regular plan. Investors can invest in the direct Plan of the DSP Regular Savings Fund through (a) zero-commission platforms or (b) through the website of the DSP Mutual Fund. If you are investing in the direct Plan from a no brokerage app/web platform, the exact name of the mutual funds scheme which you search for is DSP Regular Savings Fund Direct Plan Growth Option.

Investors can redeem their mutual funds units of the DSP Regular Savings Fund by following the below-enumerated steps:
(a) login into investment platform from where you made the investment: Login into your investment account with your investment platform using your secured login credentials. Investment platform will be the app/website through which you made the investment initially in the DSP Regular Savings Fund. It may be DSP Mutual Fund's website or website/app of a zero-commission platform or website/app of a mutual fund distributor's website/app;
(b) find your mutual fund units: Typically, your mutual fund investment platform will list all the mutual fund investments you have made through that particular platform. Identify the DSP Regular Savings Fund in your portfolio;
(c) initiate redemption: Select the "Redeem" or "Sell" option of your DSP Regular Savings Fund units;
(d) enter redemption details: Enter the number of mutual fund units you wish to redeem or, in the alternative the amount you intend to withdraw;
(e) confirm details: review the redemption details entered by you and confirm your redemption request by clicking "redeem" or on the "ok" button;
(f) await confirmation: Typically, investor's redemption request for redeeming the mutual fund units will be registered immediately within the system, and a confirmation message will pop up. The time for processing transfer of money may vary depending on a number of factors;
(g) receipt of funds: once the redemption request is processed by the mutual fund house, the funds will be credited to the bank account linked to your investment platform.

The expense ratio is a fee charged annually by the mutual fund house, to the investors investing in a particular mutual fund scheme. The said fee is charged by the mutual fund house in exchange for providing the investment service to the investors investing in the mutual fund. The fee covers operational expenses as well as management expenses of the mutual fund house in relation to a particular mutual fund scheme. As mentioned above, mutual fund schemes have two plans: (a) regular plan and (b) direct plan. The direct Plan of a mutual fund scheme has a lower expense ratio in comparison to the regular Plan of the same mutual fund scheme. Generally, regular Plans have a higher expense ratio than the direct Plan since typically they are sold/distributed through a SEBI registered intermediary, i.e., a mutual fund distributor. A higher expense ratio for the regular Plan of a mutual fund scheme is necessary to ensure that the mutual fund distributor is also compensated adequately for distributing/selling the mutual fund scheme.

As stated previously, mutual funds schemes have two plans one is the direct plan, and another is the regular plan. In case of the direct plan, the expense ratio is generally lower than the expense ratio charged in case of the regular plan. As mentioned above, the expense ratio is the fee charged by the mutual fund house annually to its investors for proving the investment service. The said fee covers the operational as well as management expenses of the mutual fund house. The expense ratio is higher in case of the regular Plan of a mutual fund scheme since it is typically distributed through a SEBI registered intermediary, i.e., a mutual fund distributor. The high expense ratio for the regular Plan ensures that the mutual fund distributors is also compensated adequately for its efforts in selling/distributing the mutual fund.