Can the folio number be same for investing in direct as well as regular plans

I am investing in Mutual funds through one of the broker who is my relative. Hence I always have to opt for Regular plans. I want to invest in direct plans as now I know how to select funds etc. However I am wondering whether my broker will be able to get information that I am investing in direct plans. I need to maintain relations with by broker as well. I have below queries in this regard: 1) Can I hold both direct and regular funds in same folio? 2) Can I use folio which was created through broker to invest in direct funds as well? 3) If I use same folio, whether my broker be able to know I have invested in direct plan?

Jun 6, 2017 by Jimmi, Bangalore | Mutual Fund

Yes, you can invest in regular plan as well as in the direct plan using one common folio number. There is absolutely no problem. Simply speaking, if you have a folio in which you have invested in the regular plan through your broker the same can be used for investing in direct plan as well.

However, whether he will come to know about this or not, we do not know. Having said that, if he has good relation with the said AMC house, he will come to know about it.

Thanks for writing to Advisorkhoj.

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