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.