What are Growth Plans?
Growth plans aim to provide only capital appreciation to the investors. They do not distribute the income earned to the investors in the form of a dividend.
What is a Dividend Reinvestment Plan?
Dividend plans have an additional option for reinvestment of income distribution. Under this plan, dividends declared by a fund are reinvested on behalf of the investor, thus increasing the number of units held by the investors.
When will the dividend be credited into my trading account?
The dividend declared will not be credited into your trading account. It’ll be directly credited into your registered bank account within 1 month from the Ex-Dividend date.
How many mandates are to be created for multiple SIPs?
You can opt for the Systematic Investment Plans (SIPs) in different mutual funds using one mandate provided the SIP amounts are lower than the specified limit mentioned in the mandate. In Fyers, the limit mentioned in the mandate is 1,00,000.
Am I eligible for corporate actions if I sell my holdings on the ex-date?
Yes, as a shareholder will be entitled to corporate actions if you sell the holding on the ex-date or the record date. For instance, REC Ltd. announced a dividend of ₹5 with a record date of 9th November 2022. Mr. X, a shareholder, sold his holdings ...