No. Here’s why ...
Regular Plans and Direct Plans are two separate schemes issued by the Mutual Fund Company. So you can’t transfer your high-commission Regular Plans that you have already purchased through your earlier broker/distributor to Direct Plans. Instead, you need to sell the Regular Plan and buy a Direct Plan.
Remember, when you sell, you incur taxes. So please make sure your sales are tax-efficient (generally held for > 1 year for equity funds and > 3 years for debt funds) before you sell them and start your new commission-free Direct Plan investments with MobiKwik.
Also, we don’t let you transfer your holdings from other advisers to MobiKwik as we cannot track purchase dates and cost information for your holdings.