Direct plan
What is Direct plan in an Indian AIF?
A direct plan lets an investor subscribe to an AIF without going through a distributor, and without bearing distribution commission. SEBI made direct plans mandatory for AIFs with effect from 1 May 2023, alongside the rules restructuring how distributors may be paid.
Authority: SEBI circular effective 1 May 2023
Related terms
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Definitions are explanatory, not legal advice. Where a definition rests on a regulation or circular it is named above; verify against the instrument before relying on it.