{"id":3004,"date":"2023-11-11T14:34:47","date_gmt":"2023-11-11T09:04:47","guid":{"rendered":"https:\/\/gstguntur.com\/?p=3004"},"modified":"2023-12-12T17:45:54","modified_gmt":"2023-12-12T12:15:54","slug":"sip-cancellation-form","status":"publish","type":"post","link":"https:\/\/gstguntur.com\/sip-cancellation-form\/","title":{"rendered":"SIP Cancellation Form – How to Cancel a SIP?"},"content":{"rendered":"
SIP Cancellation Form:<\/strong> Many mutual fund companies are offering a Systematic Investment Plan (SIP) to their investors. With the help of this plan, investors can invest a small amount instead of investing a lump sum. Nowadays, most investors prefer to invest through this plan, but they have certain questions or doubts regarding the cancellation of this plan. Certain questions like How do I cancel a SIP? How to discontinue a SIP? How long does the cancellation take? comes to the investor’s mind. Through this article, we will try to clear some of their doubts so that they can invest without having any fears.<\/p>\n SIP or Systematic Investment Plan is considered as a commitment to invest for a specific amount of time under a particular mutual fund scheme. In the case of perpetual SIP, one can invest as long as he\/she wishes as they don’t have any end date. But sometimes, people lose their interest in these kinds of investments because of having less money to invest or due to poor performance of SIP, and they want to discontinue their plan as soon as possible.<\/p>\n As SIP is considered a voluntary investment, one has the right to discontinue it whenever the need arises. The mutual fund company didn’t have the right to charge any cancellation fees for discontinuing the SIP midway. The mutual fund company and the bank through which funds are provided for the periodic investment have to be informed about the discontinuation of the SIP.<\/p>\n Note:<\/b><\/p>\n <\/p>\n If a person is investing in SIP through an online platform, then he\/she can easily pause it whenever the need arises. If an investor wants to stop the SIP temporarily, then he\/she needs to give a stop payment instruction to the bank or maintain a low balance in the bank account. This will lead to the cheque being dishonoured. One can continue to invest in the same SIP after this period.<\/p>\n People seem to stop investing in SIP and decide to discontinue it when the stock market falls. But during these times, one should invest more and increase the SIP amount so that he\/she can earn some huge profits in the long run. SIP with a long-term horizon mitigates market risk and volatility. But most of the investors get afraid and stop their investment in SIP.<\/p>\n A SIP cancellation form is used to collect the details of the investor who wants to discontinue or cancel the SIP. Through this form, the mutual fund company gets to know the date when the investor is planning to stop the SIP. One can download this form from the official website of the mutual fund company. In case the SIP has joint holders, then the form needs to get signed by either one of the holders or by all the holders depending upon the mode of holding. Let’s discuss the way of obtaining SIP cancellation form from two companies:<\/p>\n SIP Cancellation Form: Many mutual fund companies are offering a Systematic Investment Plan (SIP) to their investors. With the help of this plan, investors can invest a small amount instead of investing a lump sum. Nowadays, most investors prefer to invest through this plan, but they have certain questions or doubts regarding the cancellation of …<\/p>\nHow to Cancel a SIP?<\/h2>\n
Different Ways of Cancelling the SIP<\/h3>\n
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Pause or Temporary Stop of SIP<\/h3>\n
When Should You Stop The SIP?<\/h3>\n
SIP Cancellation Form<\/h3>\n
How to Obtain SIP Cancellation Form From Cams<\/h3>\n
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How to Obtain SIP Cancellation Form From Karvy<\/h3>\n
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