ICICILIQ credits dividend into linked bank account of investor monthly every first working Monday of the month. It’s a relief from the waiting period of dividend amount accrual equivalent to 1 unit amount so that additional unit can reflect in other liquid ETF.
Nice. What is the code of this fund on Dhan , pls mention here
this seems to be bit tax inefficient… since the money is coming into account then it will be taxed accordingly and once you invest it again, the returns it will generate will be taxed again…!!
ICICILIQ is the ticker.
Tax inefficient but in the case of LIQUIDBEES, fractional units cannot be sold easily or without hassle.