Suggestion for investment in Emergence Purpose Reliance Money Manager Fund

[Sameer Kapoor]

I am looking forward to invest in Emergence Purpose Reliance Money Manager Fund. Please tell me in which option should I invest ? one growth or dividend.

[samkapoor77]

If you opt for a dividend fund, then every time dividend will be declared a part of it will be deducted and paid to government as dividend distribution tax whereas, in growth fund, tax will be deducted once only at the time of redemption of fund. If you look for simplicity in taxation, then you growth fund is a better option and you should invest in it.

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