How to cancel your SIP in Mutual Funds?

  regikumar chandran
  karma level 33263



SIP is one of the best way for long-term investments. Generally, investors keep this in mind and mention longer years in SIP application forms of mutual funds 5 years, 15 years, 25 years, 50 years or perpetual (without ending date).

But it happens sometimes that you wish to stop your SIP in mutual funds. Reason can be

a) The fund is no longer performing well

b) You want to change or close your bank a/c

c) Financial problem

d) You may want to start fresh SIP on different date or with higher / lesser amount

e) You no longer trust mutual funds

f) Your post dated cheques are invalid because of change in RBI or Bank rules

Whatever the reason may be. Let us discuss how to close your SIP in mutual funds.

To stop SIP in mutual funds, different fund houses have different rules. Some will accept a simple application on a plain paper while some insists on proper form given by them.

You need to mention following things in application form:

  • Folio No.
  • Scheme Name
  • Plan and Option (Growth, Bonus, Dividend etc.)
  • SIP Date
  • Payment way (ECS, standing instructions, Post dated cheques etc.)
  • Bank Name, A/c no., branch address, IFSC code etc.
  • Month from which you want to stop SIP
  • Signature(s) of all account holders with name(s)

AMC's might take 30 days to process your application. So, keep your funds in bank keeping this thing in mind.

Official Application form for cancellation of SIP

Some AMC's do not accept simple application on plain paper. Instead, they want specific application form to be filled by investor.

You can get the other forms from the official website of AMCs or you can comment below if you require any specific form.





Related Entries

462
votes
Cancel your Credit Card before you die....
Admin on Feb/17,2007  
715
votes
Keep your eyes open
by Monika on May/14,2009 ( diamond user)
70
votes
Instagram cropping your pics.
by Panther on Mar/24,2014 ( diamond user)
30
votes
42 wonderful facts to add to your knowledge base.
by Blue on Dec/09,2015 ( diamond user)
132
votes
Make your own bulb.
by Panther on Mar/25,2014 ( diamond user)
4 k
votes
Please do not see if your not hard heart
Admin on Feb/17,2007  
263
votes
This is 4 you 2 relax your mind
by Nma.Nadaf on Jan/28,2012 ( diamond user)
146
votes
Fwd: 5 signs your partner loves you
by Mukesh on Mar/11,2011 ( diamond user)
25
votes
10 tips to keep your bones strong.
by Blue on Jun/17,2015 ( diamond user)
318
votes
Ideas to decorate your home.
by Toddler13 on Apr/11,2012 ( diamond user)
42
votes
10 tips to improve quality of your voice and make an impression.
by Raj Kumar on Sep/24,2015 ( diamond user)
33
votes
List of 100 ways to enjoy your life more.
by Raj Kumar on Sep/24,2015 ( diamond user)
114
votes
10 ways to get taller, increase your height.
by Monika on Jul/27,2014 ( diamond user)
53
votes
14 ways to naturally improve your digestive system.
by Toddler13 on May/11,2015 ( diamond user)
23
votes
Are you cleaning your bathroom wrong?
by Panther on Dec/14,2015 ( diamond user)
82
votes
Know your task in full
by Toddler13 on Jan/31,2010 ( diamond user)
39
votes
How to use your computer's Function 'F' Button?
by Blue on Dec/16,2015 ( diamond user)
45
votes
What your Blood Group reveals about you.
by Blue on Jan/22,2015 ( diamond user)
30
votes
20 wonderful gadgets for your kitchen.
by Monika on May/14,2015 ( diamond user)
21
votes
20 natural pain killers in your kitchen.
by Panther on May/14,2015 ( diamond user)

Random Pics



Share this with friends

Your Name:
Your Email:

Friends Email: (Atleast 1)


Subscribe for more Fun

Receive best posts in your inbox.

Confirm email
Your Email



Add Your Comments

comments powered by Disqus
User generated content. Copyright respective owners wherever applicable. Contact - admin at binscorner