"If you intend to change the dividend option from dividend payout to dividend re-investment or vice -versa, you need to place an on-line request by following the path Trading => Mutual Fund => Unit Holding => Distribution. You would also be required to provide a physical request for Change in Dividend Option for every Scheme that you wish to update and send the request letter to :

Axis Securities Ltd.,

2nd Floor, Unit no 2, 

Phoenix Market City, 15,

LBS Road, Near Kamani Junction, 

Kurla (West), Mumbai- 400 070."