How to Cancel Your SIP Online
If you’ve been searching for how to cancel your SIP online, you’re not alone. Many investors consider stopping their SIPs due to market volatility or personal cash flow needs. But before taking that step, it’s important to understand the impact on your long-term wealth. SIPs are designed for discipline, and cancelling them impulsively could delay your financial goals by years.
AUM
Clients
Google Reviews
350+ Media Mentions
How an Investment Manager Can Help You
Tailoring Your Plan to Your Goals
A personalized strategy ensures your SIPs align with cash flows and life milestones, reducing the likelihood of knee-jerk exits
Choosing the Right Path Forward
Instead of outright cancellation, experts can help you pause, step-up, or redirect SIPs, smarter alternatives that keep your goals on track
Behavioral Coaching for Long-Term Focus
Emotions often trigger SIP stoppages. An investment manager provides coaching so you avoid reactive decisions and stay aligned with the bigger picture
Avinash Satwalekar
President
"Their belief that ‘Direction is more important than Speed’ is highlighted by the fact that their team of Qualified Goal Planners provide unbiased recommendations to over 18000 investors across 1600 Indian cities and 76 countries without sales or product targets."
Why Investors Stop SIPs (and What to Watch Out For)
Market dips trigger fear, but these are when SIPs create the most value through rupee cost averaging
Some pause SIPs to prepay loans, logical, but poorly timed moves can cost more in the long run
Using SIP money for home purchases or emergencies can disrupt your financial plan if not goal-aligned
Stopping SIPs for luxury spends like cars or vacations erodes compounding benefits
SIPs not tied to clear goals are easier to cancel, purpose-led planning reduces this risk
Dabade Koustubh
Mohsin Mistry
Saurav Sinngh
Wrong Reasons to Stop Your SIP
Before stopping your SIP, ask if you’re reacting out of fear, panic, or FOMO rather than logic.
Reacting to Market Noise
Reacting to speculation can lead to missing out on the power of compounding
Portfolio Dips Trigger Panic
Short-term discomfort shouldn’t derail long-term plans
Switching Without Strategy
Exiting proven SIPs to chase trends can undo years of discipline
Madhumathy Sundararaj' Dreams into Action
"The COVID-19 pandemic brought about some career changes, and I switched organizations during that time. However, one thing remained constant – my commitment to my SIPs (Systematic Investment Plans). I understood the significance of not breaking these investments, knowing that discipline and consistency is the key to my success to achieve my goals."
When It May Make Sense to Stop or Pause SIPs
- Short-term cash flow pressure
- Prepaying high-interest loans
- Consistent fund underperformance
- Major AMC or scheme-related changes
- Nearing a financial goal and need to de-risk
How to Stop Your SIP Online
Cancelling a SIP is straightforward, but missing the fine print could hurt your long-term corpus.
Option 1: Through the Platform/App
Cancel SIPs on the same app or platform (broker, NSE/BSE) where you started. Or, cancel the NACH mandate at your bank.
Option 2: Using MF Central (for offline SIPs)
Visit MF Central → Login → Select folio → Cancel SIP → OTP Verification.
Option 3: AMC Website
Download and submit the SIP cancellation form (with PAN, folio, SIP details) at CAMS/Karvy/AMC branches. Takes up to 3 weeks.
Option 4: Bank (NACH)
Request your bank to stop debits. If no debit occurs for 2 months, SIPs may auto-terminate.
Why Choose FinEdge
FinEdge’s goal-based investing platform, Dreams into Action (DiA) blends cutting-edge tech and human expertise to provide unbiased investment guidance.
- No Sales Targets
- No Product Pushing
- No Cross Selling/Upselling