How To Cancel HDFC Mutual Fund SIP Online 2023

If you have opted for a Systematic Investment Plan (SIP) to invest in HDFC Mutual Fund schemes, you might want to cancel it due to some reason.

These reasons might include changes in your financial goals, cash flow issues, poor performance of the fund, or simply to book profits.

In this article, you will get to know the following points on how to cancel or stop your HDFC Mutual Fund SIP online,

Details required
Steps to cancel HDFC Mutual Fund SIP

Let’s see each of these points in detail.

Details required to cancel HDFC mutual fund SIP online

You will need the following details to cancel a HDFC Mutual Fund SIP online,

HDFC Mutual Fund account login details
Registered mobile number

If you do not have an account on the HDFC portal, you have to create one first.

Steps to cancel HDFC mutual fund SIP online

To cancel a HDFC mutual fund SIP online,

Step 1: Go to the official website of HDFC Mutual Fund

First, go to the official website of HDFC Mutual Fund at hdfcfund.com.
Next, click on the “Login” button on the top right corner of the homepage and then click on the ‘Investor’ option.
A new page will open.

(Direct link to the page)

Step 2: Login to your account

HDFC mutual fund login page — HDFC Mutual Fund portal login page

Next, enter your user ID in the specified field.
Next, enter your password in the specified field.
Next, click on the ‘Login’ button.
An OTP will be sent to your registered mobile number.
Enter it in the specified field and click on the ‘Login’ button.

Step 3: Open the ‘Systematic Corner’ option

Systematic Corner option on HDFC MF portal — The ‘Systematic Corner’ option on HDFC MF portal

After logging in to your account, click on the ‘Dashboard’ option.
Next, click on the ‘Systematic Corner’ option.
All your mutual fund schemes will be displayed on the screen.

Step 4: Cancel your SIP

Cancel SIP option on HDFC Mutual Fund — The ‘Cancel SIP’ option on the HDFC Mutual Fund portal

Now, click on the ‘Transact’ option beside the scheme for which you want to cancel SIP.
Next, click on the ‘Cancel’ option.
Next, click on the ‘Cancel SIP’ option again. You can also Pause the SIP instead if you wish.
Your SIP details will be displayed on the screen.

Step 5: Confirm SIP cancellation

Next, click on the ‘Confirm’ button.
You will be asked a reason for cancellation. Select anyone you wish.
Next, click on the ‘Submit’ button.

Your SIP cancellation request will be submitted successfully.

You will receive a confirmation message and an email on your registered mobile number and email ID. Your SIP will be canceled within 30 days from the date of the cancellation request.

By following these steps, you can easily cancel your HDFC mutual fund sip online.

You can also modify or pause your SIP online using the same process. You can resume your SIP anytime by placing a new SIP request online.