Dividend credit for MF's held in coin

Zerodha Coin - Direct MF
1

I purchased a mutual fund and it declared a dividend on 28 April.

By when will I receive the dividend, and will it be credited to Q, or to my bank account?

2

DSP BR had announced the dividend for the scheme DSP BR Money Manager Fund on April 28th. The AMCs generally will credit the dividend amount within 10 working days from the record date.

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3

Thanks, and does this dividend go to Q, or to my bank account directly?

4

It will be credited into your bank account.

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5

Is there a way I can have option to reinvest that dividend automatically?

I would like some option to enable and the dividend gets reinvested in same MF instead of getting credited to my bank account? I know it sounds like Growth MF but want to have flexibility where I can have option either to receive to my bank account or reinvest as per choice and able to change it intermittently. (monthly or quarterly basis)

6

We do not provide the option of dividend reinvest on the platform. You can read this link to understand the reason.