Yes, you can change from regular to direct plans at any time by putting a request to the AMC. However, this switch will be treated as a normal redemption or switch. In other words, if you are switching from regular to direct plan within the exit load period, exit load will be charged on the amount shifted to direct plan. If you switch after the exit load period then there will be no charges. Also, when you switch from regular to direct plans, it will have tax consequences. If you shift within the short term capital gains period (1 year for equity funds and 3 years for non-equity funds), you will have to pay applicable short term capital gains tax. If you shift after the short term capital gains period, then you will have to pay long term capital gains tax.