How to Stop SIP in Mutual Fund? [Download Application Form]

Stop SIP in Mutual FundsSystematic Investment Plan (SIP) in Mutual Fund is one of the best way to accumulate wealth and works especially well for long term goals. Keeping this in mind investors do long term SIPs like 5 years, 10 years or even perpetual. Perpetual SIPs are those which have no ending date and so the SIP would continue forever.

But you might want to stop your SIP in Mutual fund due to the following reason:

  • The Mutual Fund Scheme is not performing well
  • You want to change or close your bank account
  • There might be some temporary financial problems
  • You might want to redo asset allocation

and so on…

Whatever your reason to close your SIP, lets see the process to do it.

Process to Stop SIP in Mutual Fund:

Some mutual fund houses like Goldman Sachs Mutual Fund, Axis Mutual Fund, Reliance Mutual Fund, ICICI Prudential Mutual Fund have made the process easy and have pre-formatted application form on their websites. You just need to download the form, fill the relevant details and submit to the the mutual fund office or respective fund registrar (CAMS, Karvy) office.

For other fund houses, you need to submit an application mentioning the relevant details like:

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

I have attached a sample application form to stop your SIP. You can download the same in MS Word Format and change the underlined & italicized words to your relevant details.

[button link=”” size=”large” style=”download” color=”darkcyan” text=”light”] Download Sample Application Form for Stopping SIP (30.00 KB)[/button]

Application to Stop SIP in Mutual Fund
Application to Stop SIP in Mutual Fund

AMCs might take 30 days to process the SIP stop request. So keep this in mind while requesting for Stopping your SIP.

8 thoughts on “How to Stop SIP in Mutual Fund? [Download Application Form]”

  1. I have done axis mutual fund investment through offline .

    Firstly Rs 118 was debited from my account because of signature verification.

    Monthly 500 debited and the amount invested was Rs 25 less when I asked to axis bank person . They have told that is processing charges.
    And when it was looked in axis consolidated report it was found that it’s transaction charges.

    Now it’s becoming geache to me . How to stop this investment kindly help

  2. I want to close my SBI Mutual fund investment folio No 12742343. But my mobile no and email id linked with my folio are not with me.

  3. I have lost tract of my policy n umber of sip of Rs1000 PM .can i get the same.
    Parveen Sharma, DOB 9.5.1958,House no 3047,sector 37 d chandigarh

    1. Yes I need to stop one of my Mutual Fund SIPs and could not find the form on the MF website. After inquiring from their customer care came to know that I need to write an application. Hmm.. and this procrastinated the process. So thought of uploading this for everyone.

Leave a Comment

Your email address will not be published. Required fields are marked *