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Basic, Benefits, Types And Taxation

Basic, Benefits, Types And Taxation

What are the different plans that Mutual Funds offer?

Different plans offered are:
• Growth Plan - A growth plan is a plan under a scheme wherein the returns from investments are reinvested. The investor thus only realises capital appreciation on the investment. For investors looking to create long-term wealth, growth option is suitable.
• IDCW – The full form in mutual funds for IDCW is "Income Distribution cum Capital Withdrawal." The dividend option in a mutual fund is now known as IDCW. In this option, 'dividends' are declared periodically from the gains made by the mutual fund.
o Dividend Re-investment
o Dividend Payout