The meaning of fund dividend reinvestment is the same as that of bank deposit interest reinvestment, commonly known as accumulated interest, which is a kind of fund dividend. Many fund holders in Alipay prefer this kind, because they are optimistic about their own funds, but usually the default system is cash dividend, so I want to know how to set it as dividend reinvestment.

How to set the dividend reinvestment of Alipay Fund?

Open Alipay App, search for funds on the home page, select the funds you hold, and click Dividend Method after the drop-down to choose the dividend method according to your own needs. Cash dividend is the default dividend method, and you can choose to reinvest the dividend, which will take effect on the next trading day after modification.

Dividend reinvestment refers to reinvesting cash dividends in funds or purchased stocks to increase the share of previously held funds or stocks, which can not only avoid the subscription fee for reinvestment, but also enjoy or increase the next dividend amount of reinvested fund shares, and increase the fund share with the number of dividends.