Why CRISIL rank is not given to Direct type Mutual funds?
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I have started investing in Axis long term equity fund - Direct type (Growth). Before investing I have inquired about the ranking of this fund by CRISIL. The rank was 1 was given to Axis long term equity fund - (Growth) of broker type.
So, I immediately invested Rs. 500 to Axis long term equity fund - Direct type (Growth).
But after investment I found that CRISIL has not given any rank to Axis long term equity fund - Direct type (Growth) but no. 1 rank is given to broker type same fund. What is the difference between this? Does it mean Direct type are not advisable to be invested?