Is the dividend paid out as more units or is it credited to my bank account?
Nifty BeEs is maintained by Goldman Sachs, hence the trustees of GS decide the dividend that gets paid out. My guess is that their decision to do so depends on the current dividend yield of CNX Nifty.
You can find more information here.
Also the dividend is paid as cash and it gets credited to the unit holder;s account.
Dividend is paid out and it would be credited to your bank account.
How is nifty bees different comparative to nifty MFs like SBI nifty equity fund?