CIP Option for the Investors

CIP Option for the Investors

SIP investors can choose either option of cash dividend or cumulative investment plan (CIP). If a SIP investor chooses CIP (i.e. Dividend reinvestment process) instead of cash dividend, they may also enjoy CIP units at a discount of prevailing “Investor’s Buy Price” used for CIP conversion. After CIP conversion, they will get dividend on total number of units in the next year.