Income units
An investment fund offers two types of units or shares you can buy – accumulation or income. The difference is in how they handle the income (i.e. the dividends or interest) the fund generates.
Where accumulation funds reinvest this income, income funds pay it out to investors. The income is paid to your cash account regularly (usually monthly or quarterly) for you to choose to withdraw or reinvest. See also accumulation units.
Acc v Inc fundsPopular terms
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