How to cancel a SIP on FYERS?

How to cancel a SIP on FYERS?

If you wish to stop your Systematic Investment Plan (SIP) for any reason—be it a change in investment strategy or insufficient funds—you can easily cancel it through the FYERS platform. Once cancelled, no future SIP instalments will be processed.

Steps to cancel a SIP on FYERS

  1. Log in to FYERS (Web or Mobile).
  2. Navigate to the 'Orders' section.
  3. Select the 'Mutual funds' tab.
  4. Go to the 'Manage SIP' tab.
  5. Under the 'Ongoing' section, find the SIP you wish to cancel.
  6. Click on 'Cancel SIP' next to the fund.
  7. Confirm the cancellation in the prompt that appears.

Once cancelled, the SIP will move to the 'Closed' section in ‘Manage SIP’, and no further auto-debits will occur.

What if...

ScenarioExplanation
You cancel just before the instalment dateThe SIP might still get processed if already queued.
You want to restart the SIP laterYou can do so directly from the 'Closed' tab.
You have multiple SIPs in the same fundEach SIP must be cancelled individually.
You don’t see the cancel buttonThe SIP might already be processed or deactivated—check its status.
Cancelling a SIP on FYERS does not affect your existing mutual fund holdings. You can redeem units anytime from your portfolio.

Last updated: 11 Jun 2025


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