hmm @nachiketa02 … I don’t know where you got this info on expense ratio of IIFL. Here is the link at Valueresearch, Expense ratio Regular 2.61 Direct 1.11. That is a difference of 1.5%. Expense ratio is debited end of everyday. So this 1.5%/365 daily extra is what you will pay for regular funds. This in absolute terms will be much more than 1.5 if market goes up because it is debited everyday and also since the value of your invested capital reduces everyday.
Also your comparison is not right, because you are comparing for only one year and also assuming no capital appreciation or addition of capital. Expense ratio is a % charged daily. Coin charges are flat 600 bucks a year (maybe cost of a meal for two at not an expensive hotel) :).
Anyways, we had done the calculations on DSP, which has similar difference in expense ratio. 5k SIP over 25 years, if markets returned 15% would mean almost close to 30lks extra by investing in direct. Even if 50 on coin increases over the 25 years, the savings can’t be compared.