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Switching from dividend to growth option

Switching from dividend to growth plan (or vice-versa) would involve a redemption from the existing scheme and a fresh purchase in the desired plan

Please let me know if it is possible to change from dividend payout option to growth option in an existing investment in equity mutual fund?
- RKM

Yes, it is possible to switch to the growth option. However, switching from dividend to growth plan (or vice-versa) would involve a redemption from the existing scheme and a fresh purchase in the desired plan. This is because the growth and dividend plans have different NAVs.

This article was originally published on January 14, 2016.

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