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
- Log in to FYERS (Web or Mobile).
- Navigate to the 'Orders' section.
- Select the 'Mutual funds' tab.
- Go to the 'Manage SIP' tab.
- Under the 'Ongoing' section, find the SIP you wish to cancel.
- Click on 'Cancel SIP' next to the fund.
- 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...
| Scenario | Explanation |
|---|
| You cancel just before the instalment date | The SIP might still get processed if already queued. |
| You want to restart the SIP later | You can do so directly from the 'Closed' tab. |
| You have multiple SIPs in the same fund | Each SIP must be cancelled individually. |
| You don’t see the cancel button | The 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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