2 Ways to Close SBI Mutual Fund Online - Cancel your SIP Easily
2 Ways to Close SBI Mutual Fund Online - Cancel your SIP Easily
Mar 26, 2024
15 Mins
Introduction:
State Bank of India (SBI), a trusted government bank, offers a variety of investment options for individuals. Mutual funds and SIP investments have gained popularity due to their attractive returns and liquidity. If you have invested in an SBI mutual fund and wish to liquidate your SIP, you can cancel it easily using two methods: online and offline.
To cancel your SIP online, follow these steps:
First, visit the SBI Mutual Fund website by clicking on this link: [provide link here].
Scroll down to the "Select Request" tab under the non-financial transaction header.
Choose "SIP Cancellation Request" from the options.
Enter your Folio No. and click Proceed.
After processing your request, SBI bank executives will cancel your SIP, which may take up to 30 days.
Another way to close your SIP online is through an investment agent. You can contact your agent and discuss your account closing request. They will log in to their portals to cancel your SIP mutual fund account.
If you prefer the offline mode, follow these steps to cancel your SIP:
If you have a designated asset manager, inform them about your decision to close your SIP. Otherwise, contact your asset management company directly.
Obtain an appointment form from the transfer agents.
Fill in the required details on the form, including your bank account information, folio number, SIP scheme name, SIP amount, PAN, and the date from which you want to discontinue the scheme.
Submit the completed form to your asset manager.
The cancellation process typically takes about 21 days, but the exact time may vary depending on the fund house.
Before closing your account, it is advisable to check with your asset or portfolio manager about the current status of your funds and any potential hidden costs. While most companies do not charge for cancellation, some may require a processing or transaction fee.
For any further assistance or inquiries regarding SBI Mutual Fund services, you can reach out to their customer service through the toll-free numbers 18002093333 or 18004255425, or via email at customer.delight@sbimf.com.
Closing your SBI Mutual Fund SIP has never been easier with these two convenient options available to you.
Introduction:
State Bank of India (SBI), a trusted government bank, offers a variety of investment options for individuals. Mutual funds and SIP investments have gained popularity due to their attractive returns and liquidity. If you have invested in an SBI mutual fund and wish to liquidate your SIP, you can cancel it easily using two methods: online and offline.
To cancel your SIP online, follow these steps:
First, visit the SBI Mutual Fund website by clicking on this link: [provide link here].
Scroll down to the "Select Request" tab under the non-financial transaction header.
Choose "SIP Cancellation Request" from the options.
Enter your Folio No. and click Proceed.
After processing your request, SBI bank executives will cancel your SIP, which may take up to 30 days.
Another way to close your SIP online is through an investment agent. You can contact your agent and discuss your account closing request. They will log in to their portals to cancel your SIP mutual fund account.
If you prefer the offline mode, follow these steps to cancel your SIP:
If you have a designated asset manager, inform them about your decision to close your SIP. Otherwise, contact your asset management company directly.
Obtain an appointment form from the transfer agents.
Fill in the required details on the form, including your bank account information, folio number, SIP scheme name, SIP amount, PAN, and the date from which you want to discontinue the scheme.
Submit the completed form to your asset manager.
The cancellation process typically takes about 21 days, but the exact time may vary depending on the fund house.
Before closing your account, it is advisable to check with your asset or portfolio manager about the current status of your funds and any potential hidden costs. While most companies do not charge for cancellation, some may require a processing or transaction fee.
For any further assistance or inquiries regarding SBI Mutual Fund services, you can reach out to their customer service through the toll-free numbers 18002093333 or 18004255425, or via email at customer.delight@sbimf.com.
Closing your SBI Mutual Fund SIP has never been easier with these two convenient options available to you.
Author
Pluto Team
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