New Delhi, Oct. 28 -- SEBI chairman Tuhin Kanta Pandey has announced that direct mutual fund plans will become the default option on asset management companies' (AMCs) digital platforms from 1 November. Investors who choose regular plans will have to be informed about their higher expense ratios, a move aimed at improving transparency around mutual fund costs.

The announcement, made at NDTV Profit Ignite in Mumbai on 28 October, comes as more Indian households invest in mutual funds through systematic investment plans (SIPs) and digital platforms. The change seeks to ensure investors are more aware of the costs associated with their investment choices.

"Protection also depends on what investors are told," Pandey said in his address, add...