A regular to direct switch is a type of switch order where scheme A is a regular plan and scheme B is a direct plan within the same AMC. It is at your discretion to switch from the regular plan to direct plan of the same scheme or a different scheme altogether. For eg. You can place a switch order to:
- Switch from ABC MF Equity Fund - Regular Plan to ABC MF Equity Fund - Direct Plan
- Switch from ABC MF Equity Fund - Regular Plan to ABC MF Liquid Fund - Direct Plan
So, you can use the switch order to just shift from regular to direct plans of the same scheme or rebalance into the direct plan of another scheme.