Can someone please explain to me what is the best time to switch from regular to direct fund? I had invested through advisors in regular mutual funds. Later I had stopped SIP and opened same funds in direct mutual fund and started SIP there.
I wanted to know if it is the right time to switch to a direct fund. (Exit charges= 0 as it been a year)
I am very much confused if I should switch to direct funds since the market is down. Few people have said it is the best time as the market is down while few have advised switching only when the market is up so that I can get more units.
Please advise the correct time to switch to direct funds (exit charges = 0). Is it when the market is down, or when the market is up?