What is difference between dividend and growth in mutual fund? Which one is best for SIP? Please reply.
What is difference between dividend and growth in mutual fund? Which one is best for SIP? Please reply.
Income generated from profit of the mutual fund will be given to the unit holders in form of dividends in dividend funds and the income from the fund will be reinvested back into growth fund. So the net effect is that the dividend funds NAV keep decreasing when the MF make dividend payout, but in growth, NAV will keep on growing. So If you want regular income go for dividend and if you want capital gains go for growth funds.Originally Posted by Ice
Do NRIs need to open some different account to invest in MF in demat form? (like investing through ICICI Direct.)
Yes you need to open NRI trading account. Please visit the website of the broker, you wanted to open the account.
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