Do Nippon Nifty 50 ETF (NIFTYBEES) give dividend

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I am wondering if holding Nippon Nifty 50 ETF (NIFTYBEES) will give any dividend.

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@SiBe Nippon Nifty 50 ETF are Liquid ETFs which pays dividend in the form of units and not cash. So basically, you get units of the same ETF as dividend.

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It’s a new learning for me. I knew that fractional dividends get credited to demat account for LIQUIDBEES holdings, but wasn’t clear on how dividends function for NIFTYBEES. Appreciate the information.

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@Brishide Additional Info - The accumulation is done daily but the credit for them in the Demat is made once a week (mostly Monday AFAIK). However on most of the broker portals you will see only the integral value. For example, for 12.850 units, you will see 12 units on the front end as in india we can trade only integral shares and not fractional. Hope that helps! :smiley:

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