There are various options in Mutual fund for IDCW. Most of them are based on time interval like weekly, monthly, etc. But what does IDCW Interim & Payout mean?
It’s better to choose growth option.
In IDCW they give some small amount credited back to your bank when stocks of that MF holdings give dividends.
That will passed to you if you choose IDCW, but if you take growth, the amount is reinvested by that fund manager. These things will be reflected in NAV value. You can track and get the info from Fund website.
My suggestion: Always invest in Growth option of DIRECT Mutual Fund
Thanks for giving the suggestion. I’m preferring Growth option only but was curious to know about Payout & Interim options.