How to Edit An SIP On Groww?

18 June 2024
4 min read
How to Edit An SIP On Groww?
whatsapp
facebook
twitter
linkedin
telegram
copyToClipboard

SIPs or Systematic Investment Plan allow us to invest small amounts on a regular basis in mutual funds. Investments for as low as Rs 500 per month are also possible. Groww has introduced a new feature wherein you can edit your SIP amount and date during the investment period.

This feature will also let you skip an installment when you wish to. Learn How to Edit a SIP on Groww by reading further.

How To Edit SIP On Groww

Can I change SIP amount in Groww? Absolutely! Here’s how you can do the same on the Groww App:

Step 1: Launch the Groww app, navigate to the mutual fund dashboard, and choose ‘SIPs’.

Step 2: All of your SIPs on Groww will be visible to you here. Select the Systematic Investment Plan (SIP) that needs to be modified.

Step 3: Select the ‘Edit SIP’ option in the bottom left corner of the following screen.

Step 4: Select ‘Edit Amount & Date’. (Further instructions on how to skip an installment are provided later in the blog.)


Step 5: Change the amount and/or date as desired on the next screen



Step 6: Verify the new date and amount, then follow the on-screen instructions and click ‘Save Changes’.

Step 7: The last screen will display a confirmation and an estimated time frame for processing your request.

How To Skip a SIP on Groww

Here’s how you can skip and SIP on Groww:

Step 1: Launch the Groww app, navigate to the mutual fund dashboard, and choose 'SIPs'.

Step 2: Here you will be able to see all the SIPs you have on Groww. Pick the SIP for which you want to skip an installment.

Step 3: On the next screen, choose the 'Edit SIP' option.

Step 4: Select ‘Skip Installment’.

Step 5: On the following screen, confirm the 'Skip Installment' details.

Step 6: The final screen will display a confirmation and an estimated time frame for processing your request.

Step 7: You can return to the SIP to review the schedule of upcoming payments.

Step 8: Once your said installment is skipped, your investments will continue as is.

Disclaimer: The views expressed in this post are that of the author and not those of Groww. 

Check More Mutual Fund Schemes

SBI Equity Hybrid Fund Regular Growth

HDFC Life Opportunity Fund

SBI Small Cap Fund Regular Growth

HDFC Balanced Advantage Fund Dividend Nav

HDFC Balanced Advantage Fund Dividend

SBI Equity Hybrid Fund Regular Growth Nav Today

SBI Life Equity Fund

Mirae Asset Emerging Bluechip Fund Direct Growth

SBI Focused Equity Fund Regular Growth

SBI Life Midcap Fund

Axis Long Term Equity Fund Growth

HDFC Balanced Advantage Fund Idcw

SBI Blue Chip Fund Regular Plan Growth

SBI Pension Fund Scheme

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) Ltd. do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
Do you like this edition?
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.1.2
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ