Direct plans of mutual funds complete 10 years. Are they better than regular plans?

This article says only people living in small town and villages do not understand mutual funds and can not select good schemes on their own. Which study shows this is a big question. There is no thorough survey done on ground to ascertain this because the people working on ground are MFDs only and they know what the real ground situation is but the government rather than asking MFDs on the ground reality will ask people sitting in A/C cabins like bureaucrats who are working in tandem with the corporates and are fulfilling their greed. In fact investors who claim that they know and understand which schemes are suitable for them and regulator and so called experts agreeing with them both are doing a big disservice to the society.

Surprisingly an MFD who has spent more than 5 to 10 years in this field and understands mutual funds inside out and investor needs can not do risk profile, asset allocation and goal setting but an investor who does not understand any of it and just googles for everything and thinks that he or she knows everything is OK with these bodies.

It is amazing how people can be influenced so easily and how these corporates by advertising and regulator promoting these false information without doing a proper survey and publishing data of not only AUM but how much have people earned through direct vis a vis regular schemes. Also if RIA is involved than how much is their fees and after that fees how much is the investor savings in direct schemes. So after all cost and net returns what is the difference between direct investor and investor investing through MFD.