How To Cancel SBI SIP Online
Step 1: Log in to your SBI Mutual Fund account
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Go to the SBI Mutual Fund website (https://www.sbimf.com/) and click on the “Investor Login” button
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Enter your User ID and First Password (FPIN) and click on the “Login” button.
Here you have to register 1st if not done yet. Then you can log in with either a user ID and password or a user with OTP, OTP will be sent to your registered email ID.
Further system will ask you to enter your PAN number register in the SBI MF Schemes and then verify your PAN and submit.
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- Once you’re logged in, hover over the “Portfolio” tab under Dashboard section and click to select the SIP tab.
Step 3: Now click on the SIP Tab to Select the SIP you want to cancel and select the folio number you want to modify, cancel or pause.
Step 4: Here click on the + icon to expand and select the desired SIP
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Click on the “Cancel SIP” button. A confirmation message will appear. Review the details carefully and ensure you’re canceling the correct SIP.
Click on the “Yes Stop the SIP” button to proceed with the cancellation.
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You’ll receive a confirmation message stating that your SIP cancellation request has been submitted successfully.
You can also check the status of your SIP cancellation request by clicking on the “Check Request Status” link on the “SIP Cancellation” page.
Enter your folio number and click on the “Submit” button.
The status of your SIP cancellation request will be displayed.
How To Increase SIP Amount In Sbi Mutual Fund
How To Modify SIP Amount In SBI Mutual Fund
Modifying the SIP amount in the SBI Mutual Fund involves canceling the existing SIP and enrolling a new SIP with the new amount. The Top-up option allows you to increase your SIP amount periodically if required at 6-month intervals.
Here’s how to modify your SIP amount in SBI Mutual Fund:
Cancel the existing SIP in SBI Mutual Fund:
a. Visit the SBI Mutual Fund website or use the SBI Mutual Fund mobile app.
b. Log in to your account using your registered email address and password.
c. Now check the “Portfolio ” option under the ” Dashboard” section on the screen.
d. Select the “SIPs” tab.
e. Click on the “+ icon and select modify SIP and then the “Cancel SIP” option for the SIP you want to cancel
f. Confirm the cancellation request.
Enroll for a new SIP with the desired amount:
a. On the SBI Mutual Fund website or mobile app, go to the “Transact ” option under the ” Dashboard” section.
b. Select the “Start a SIP” option.
c. Seach and select the desired mutual fund scheme.
d. Enter the new SIP amount and frequency.
e. Select the “Investment” option
f. Provide the required details, such as bank account information and payment method.
g. Review and submit the SIP enrollment request.
Once the new SIP is registered, your SIP amount will be modified accordingly. Remember that you can also modify the SIP date or pause the SIP if needed.