u/Best_Gur3923 — reddlx

I’m 43, based in India, and currently have a mutual fund portfolio of around ₹4–5 Cr, mostly invested through Regular Plans via an advisor/distributor for last 20 years.

Portfolio has grown reasonably well (XIRR around 13–14%), but I’m now seriously reviewing whether I should gradually move from Regular Plans to Direct Plans and simplify the overall structure.

Current concerns:

Hidden expense ratio leakage in Regular Plans
Unsure whether my advisor is actually adding enough alpha/value to justify Regular Plans

My goals:

Long-term compounding and wealth creation
Cleaner portfolio structure (8–10 strong funds instead of 30+)
Better global diversification
Proper debt + liquidity allocation
Reduce emotional decision-making and avoid costly mistakes

I’m not looking for “best fund” suggestions.

I’m trying to understand:

How did you decide whether to stay with Regular vs move to Direct?
Did your advisor genuinely justify the cost?
How did you handle tax-efficient migration from Regular to Direct?
Did anyone here move from distributor-led investing to fee-only advisor + Direct Plans?
Was it worth it?
For a ₹5 Cr+ portfolio, is using firms like 360 ONE / Anand Rathi / private wealth managers actually useful, or mostly product pushing?

Would really value practical experiences from people who have actually gone through this—not generic textbook advice.

Especially interested in hearing from HNI investors, fee-only advisor users, and people who moved away from distributor models.