In Part-2 of this 3 part series blog, I will cover the various schemes options available and what they mean for the investor. When you invest in mutual funds in India, you not only pick the scheme but also choose how your returns are managed and how you pay for advice. These decisions — Growth or IDCW (Dividend)  and Regular or Direct — directly affect your wealth creation, taxation, and costs. Let’s break down these mutual fund options in simple terms. Growth vs Dividend (I