FAQ to stop / Cancel SIP.

Q.1. When Can I cancel my SIP?

Answer: Yes, you can stop your SIP anytime.

Q.2 Will mutual fund company change me Penalty charges?

Answer. There is No penalty charge for SIP stop / cancellation of your investment.

Q.3 Is it possible to cancel my SIP Online?

Answer. Yes,1] MF holding in Demat: If you are using demat facility for SIP, the it is available on your Trading & Demat portal, 2] Mf holding in Physical Certificate:  If you have received IPIN from Mutual Fund (AMC), then you can login your particular AMC web portal and you can stop SIP. Or you can give request for same.

What is process of Stop/Cancel SIP?

The process is very simple to stop your SIP in mutual funds. Just download SIP Cancellation Form  attached below and submit it to particular Mutual Fund Company or your Distributor / Broker of mutual funds or the Registrar of that Mutual Fund

Steps to follow while filling SIP Cancellation Application:

1.  Download SIP Cancellation Form and print it on A4 Page. 

2. Fill up following details :

  • Applicants Name
    • Pan Nos
    • Scheme:
    • Plan:
    • Option:
    • Folio No.:
    • SIP Period: Start Date and End Date
    • SIP Amount,
    • Bank details of ECS deducted
    • Sign it.

3. Now submit this SIP Cancellation Form to Mutual Fund House or Registrar of fund or yout Distributor / Broker / Advisor/Consultant/ Agent.  

4. To track the status of your SIP Cancellation application form, keep copy of SIP Cancellation Form and the Acknowledgement Slip.

3.  After submitting your request it takes approximately 30 days to Stop SIP ECS.

Click below link to Download SIP Cancellation Forms

 

 

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