How can I modify, pause, resume, skip, or cancel an SIP?
How Can I Modify, Pause, Resume, Skip, or Cancel an SIP?
After creating a Systematic Investment Plan (SIP), you can manage it anytime based on your investment requirements. You can update SIP details, temporarily pause instalments, skip an upcoming instalment, resume a paused SIP, or cancel the SIP altogether.
Steps to Modify a SIP
A SIP cannot be modified while it is in a paused state. Resume the SIP before making any changes.
Modify requests for a SIP may take up to 2–3 working days for exchange approval. Instalments due during this period may not reflect the updated details.
On FYERS App
Log in to the FYERS App.
Tap Orders from the bottom navigation bar.
Select Mutual Funds → SIP.
Open the SIP and tap Modify.
Update the SIP amount, SIP date, or bank account.
Confirm the changes and approve the AutoPay mandate again, if prompted.
On FYERS Web
Log in to FYERS Web.
Go to Orders → Mutual Funds → SIP.
Open the SIP and click Modify.
Update the SIP amount, SIP date, or bank account.
Confirm the changes and approve the AutoPay mandate again, if prompted.
Steps to Pause a SIP
You can pause a SIP only after two days (T+2) from its creation or modification. Only one pause request is allowed per day, and some schemes may allow a limited number of pauses.
Pause requests for a SIP may take up to 2–3 working days to be approved by the exchange. Any instalment scheduled during this period may still be executed.
On FYERS App
Open the SIP from Orders → Mutual Funds → SIP.
Tap Pause.
Choose one of the following options:
Pause for a fixed number of instalments
Pause indefinitely
Confirm to pause the SIP.
On FYERS Web
Open the SIP from Orders → Mutual Funds → SIP.
Click Pause.
Choose one of the following options:
Pause for a fixed number of instalments (auto-resumes)
Pause indefinitely (manual resume required)
Confirm to pause the SIP.
Steps to Resume a Paused SIP
On FYERS App
Open the paused SIP from Orders → Mutual Funds → SIP.
Tap Resume.
Confirm to resume future instalments as scheduled.
On FYERS Web
Open the paused SIP from Orders → Mutual Funds → SIP.
Click Resume.
Confirm to resume future instalments as scheduled.
Steps to Skip a SIP Instalment
You can skip a SIP only after two days (T+2) from its creation or modification, and only once per day.
On FYERS App
Open the SIP from Orders → Mutual Funds → SIP.
Tap Skip instalment for the upcoming instalment.
Confirm to skip the instalment.
On FYERS Web
Open the SIP from Orders → Mutual Funds → SIP.
Click Skip instalment for the upcoming instalment.
Confirm to skip the instalment.
Steps to Cancel a SIP
On FYERS App
Open the SIP from Orders → Mutual Funds → SIP.
Tap Cancel SIP.
Select a reason for cancellation and confirm.
On FYERS Web
Open the SIP from Orders → Mutual Funds → SIP.
Click Cancel SIP.
Select a reason for cancellation and confirm.
Modifying an SIP requires AutoPay re-approval, pausing can be temporary or indefinite, skipping applies only to the next instalment, and cancelled SIPs cannot be resumed.
What If...
Scenario
Outcome
I modify my SIP details
The changes apply only to future instalments and may require AutoPay re-approval.
I pause my SIP for a few instalments
The SIP resumes automatically after the specified number of instalments.
I pause my SIP indefinitely
The SIP remains paused until it is manually resumed.
I skipped an SIP instalment
Only the next instalment is skipped, and the action cannot be undone.
I cancelled my SIP
All future instalments stop, and the SIP cannot be resumed.
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