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Fidelity Moneybuilder balanced fund

homerhotspur
homerhotspur Posts: 260 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Savings & investments
Has anyone got this fund in their portfolio? I want to add it to mine but it only appears available in (inc) format rather than (acc), however, the literature suggests that dividends can be re-invested on request to buy more units. I want to buy this via an online fund market( cavendish) but think I will just end up with the (inc ) fund.

Does anyone know how this works in practice as usually there are the 2 options to opt for?

thanks

Comments

  • dunstonh
    dunstonh Posts: 120,005 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    however, the literature suggests that dividends can be re-invested on request to buy more units.

    That is one of the typical options available for inc units.

    Normally your choice is to buy new units, pay the income into a cash account or distribute the income to your bank account. You want the first.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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