Subhash, a 48-year-old engineer, juggles his time between India and the Middle East. Over the last two decades, he has invested across various mutual fund schemes. While a portion of his wealth lies in 'direct' plans of mutual funds, where he started investing around 4-5 years ago, a sizable chunk (Rs 74 lakh) remains in 'regular' plans. That is because 'direct' funds only came in existence 10 years back.