Is it possible to shift from dividend to growth option, if the fund has not declared the dividend even once after the initial offer? Specifically from Canara Robeco Large Cap+ Fund Dividend to the Growth Option? The NAVs are also the same.
- Anantha
As per our record, Canara Robeco Large Cap+ Fund has declared a dividend of ₹1.2 per unit on November 28, 2014. The NAV of the growth plan is ₹16.65 and ₹15.51 for the dividend plan. Yes, it is possible to shift from dividend to growth option in a mutual fund scheme.However, you should remember that it would be considered a redemption in the existing scheme and a fresh purchase in the desired plan.
This article was originally published on November 16, 2015.