One of the key benefits of a Mutual Fund SIP is its flexibility. You can cancel your SIP whenever you need to, without any penalties from the mutual fund company.
To cancel an ongoing SIP
1. Go to the SIPs section.
2. Select the SIP you wish to cancel.
3. Click 'Cancel SIP' at the top right.
4. Choose the reason for cancellation.
5. Confirm by clicking 'Cancel SIP' again.
Note: SIPs with an upcoming installment within 3 working days cannot be canceled until the installment is paid.