Dividend Payout while buying Aditya Birla Mutual Tax Fund


I wish to buy Aditya Birla Tax saver fund. When I am adding the same in my portfolio, the dashboard show the MF in my account with (Dividend Payout) written in bracket below it. What does it mean? I want my dividend to be reinvested in my MF (Growth). Can someone explain me how it works?

Thank You.

Hi @Amit_Agrawal,

Any tax saver mutual fund investment you make the dividend will only be on payout mode. This change happened a few years ago when the AMCs understood it will difficult for them to track the lock in period for the dividend invested back. Since your units have 3 years lock in tax saver/ ELSS funds.