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1,990 funds on the SEBI registerIndustry figures to 31 March 2026Register read 27 August 2026

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

AIF distributor commission

All 38 glossary terms · Fund directory · SEBI quarterly data

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.