You are investing in a flexi cap scheme. Flexi cap schemes are typically recommended to moderate investors who want to invest to achieve their long term goals. The scheme you have chosen is an average performer in the category. You have not mentioned whether you are investing through a mutual fund advisor. If yes, does he help you with selecting the scheme or monitor the performance of the scheme. Does he offer you advice and reassurance? If the answer to these questions is yes, then you should continue with the advisor and invest in regular plans. If you choose regular plan three years ago because you didn’t know about direct plans, you may start investing in direct plans. Remember, direct plans are meant for well-informed investors who can take care of their investments in their own. Such investors don’t want to pay commissions. However, if you don’t understand much about investing in mutual funds, you should not try to save commissions and get into investments you don’t understand. You should handle your investments only if you have a sound knowledge of mutual funds and investing. Otherwise, you should seek the help of a professional and pay a fee for his services.