“It is simply a cumulative option. You don’t receive any payouts. Whenever you need the money, you should withdraw the entire or part of your investment,”. The profits are not paid out in between, rather they keep on accumulating in the scheme, it will be reflected in the NAV. The NAV appreciates in tandem with profits.
This option is usually recommended for wealth creation if you are looking to create a corpus for a long-term goal. So, if you want to create a retirement corpus, you should opt for the Growth Option.