this statement is incorrect. It should be said that there will be no essential difference between the fund after dividends or splitting.

when the fund pays dividends, its net value will decrease, which is not due to market fluctuation, but due to the dividend itself. The range of net value decline = the range of dividends. For example, if every fund share pays dividends to .5 yuan, then the net value of the fund will drop by .5 yuan on the dividend ex-dividend date. The investment income you get is the growth of the net value of the fund, and the dividends lead to the decline of the net value. The actual dividends are your original money, so don't pay attention to dividends. As long as the net value rises, you will make money.

If it is in a bull market, the premise of a large proportion of fund dividends is that there is more cash in the fund assets, because dividends must be distributed in cash, so it will delay the rise in the bull market; This may be the reason, but in the long run, this effect is not great.