Dividend and Growth are two "options" you find on most mutual funds - and here's a video explaining in more detail:
* What are the Dividend and Growth Options of Mutual Funds? * Dividend Distribution Tax * What happens to the NAV when Dividends are paid * When to choose to take Dividends, or use the Growth option * Dividend Stripping * Dividend Reinvestment and Bonus Options * Other quirks
Related to Dividend Vs Growth Mutual Funds in India