How do I cancel a mutual fund SIP on Upstox account?

In order to cancel your MF SIP order, follow the below steps:


Step 1: Log in to the Upstox app using your 6-digit PIN or biometrics.



Step 2: Navigate to the 'Mutual funds' section directly from the Home screen.


MFHomescreen.png


Step 3: Next click on ‘Portfolio’ and scroll down to ‘Your portfolio’ under which you will see the Active SIPs tab.


MFPortfolioInvestments.png


Step 4: Click on view all to see all your active SIPs.



Step 5: Now click on the 'Modify SIP' option for the SIP you wish to delete or cancel. Click on 'Delete'.


PauseSIP.png


Step 6: Here you will see a confirmation window to stop the SIP.



Step 7: Your SIP has been successfully stopped.



Users cannot stop a SIP when there is an upcoming instalment in the next 7 days.


Note: The cancellation process mentioned above will terminate the SIP registration starting from the date of cancellation. However, canceling the SIP does not automatically trigger a redemption. If you wish to redeem all the existing investments made through this SIP, please navigate to the mutual funds portfolio section and proceed with redeeming the investments.


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