Mutual fund if i switch from dividend option to growth within same scheme

In case of Mutual Fund investments, switching your investments from one option to another within the same scheme is considered as a sale (redemption).
Hence, the switch will attract exit load (< 1 year) and capital gains tax depending on how long you had invested.

You have not mentioned the category (equity/debt) of ur investment.

For equity funds, LTCG is applicable beyond 1 year period over and above 1lakh gain.

For debt funds, LTCG is applicable beyond 3 years period.

Suhas
Mutual Fund Distributor