What is the key difference between direct and regular mutual fund plans in India?

"Direct plans have lower expense ratios because they exclude distributor fees." "Regular plans offer higher returns due to active management by brokers." "Direct plans are only available for specific types of mutual funds." "Regular plans are subject to government regulations, while direct plans are not."

According to the article, what impact does the expense ratio have on the Net Asset Value (NAV) of a mutual fund?

"Direct plans tend to have a higher NAV due to lower expense ratios." "Regular plans consistently have a higher NAV due to higher returns." "Expense ratios have a negligible impact on NAV over the long term." "NAV is determined solely by market performance, regardless of expense ratios."

What is the primary advantage of investing in direct mutual fund plans?

"Guaranteed higher returns compared to regular plans." "Access to exclusive investment opportunities not available in regular plans." "Potential for higher returns due to lower expense ratios." "Lower risk of investment loss compared to regular plans."

What is the role of a financial advisor in relation to mutual fund investments?

"Financial advisors are mandatory for investing in both direct and regular plans." "Financial advisors can provide guidance and expertise, but are not required for direct plans." "Financial advisors only manage regular plans and cannot assist with direct plans." "Financial advisors determine the expense ratios for both direct and regular plans."