How does dividend impact me?

Dividends do not affect the average price or quantity of your holdings. Here's how they impact you:

1. No Change to Holdings: The number of shares and average price stay the same after a dividend is declared.

2. Cash Benefit: The dividend is credited as cash to the bank account linked to your Demat account on Groww. It’s extra income in addition to any capital gains.

3. Stock Price Adjustment: While your holdings remain unchanged, the stock price may adjust after the dividend is paid (called "ex-dividend").