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How To Pause or Cancel SBI Mutual Fund SIP (Via Portal & App)

SBI MF SIP pause cancel process

If you want to cancel an SIP running in any of your SBI Mutual funds, there is a way to do it online.

The SBI Mutual Fund portal and the InvesTap app allow you to pause or cancel your SIP on any of your SBI Mutual Funds online. The process can be completed in just a few steps.

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In this article, you will get to know the following points on how to cancel your SBI Mutual Fund SIP,

Let’s see each of these points in detail.

Steps to pause or cancel SBI Mutual Fund SIP via portal

To pause or cancel your SBI Mutual Fund SIP through their portal,

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

SBI Mutual Fund portal
SBI Mutual Fund portal
  1. First, go to the official website of SBI Mutual Fund at sbimf.com.
  2. Now, click on the ‘Login’ option. The login page will open.
  3. Next, enter your UserID and Password in the specified fields.
  4. Next, click on the ‘Login’ button.
  5. Next, enter your PAN number and click on the ‘Submit’ button.

(Direct link to the login page)

In case you are a new user, you need to register first.

Click to know the steps to register on the SBI Mutual Fund portal.

Step 2: Open the ‘Portfolio’ page

  1. Once you have logged in, click on the ‘Portfolio’ option.
  2. All the schemes in your portfolio will be displayed.
  3. Next, click on the ‘SIP’ option.
  4. Next, click on the ‘Modify’ SIP button under the scheme that you want to pause or cancel.

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Step 3: Pause or cancel SIP

To pause SIP:

  1. Next, click on the ‘Pause SIP’ option.
  2. Next, select the number of installments for which you want to pause SIP.
  3. Next, click on the ‘Pause SIP’ button.
  4. Next, click on the ‘Confirm’ button. An OTP will be sent to your registered mobile number or email.
  5. Next, enter the OTP in the specified field and click on the ‘Verify OTP’ button.

To cancel SIP:

  1. Next, click on the ‘Pause SIP’ option.
  2. Next, click on the ‘Yes, Stop the SIP’ button.

By following these steps, the SIP of your SBI Mutual Fund will be paused or canceled successfully.

You can also cancel or pause your SIP using the InvesTap app.

Steps to pause or cancel SBI Mutual Fund SIP via InvesTap app

To pause or cancel SIP through the SBI Mutual Fund app,

Step 1: Download the SBI Mutual Fund InvesTap app

  1. Download the SBI Mutual Fund InvesTap app from the Play Store or App Store.
  2. Next, open the app.
  3. Next, tap on ‘I already have an account’ to log in. You can also signup by tapping ‘Get Started,’ if you are a new user.
  4. Next, enter your User ID and Password and tap on the ‘Login’ button.
  5. The dashboard will open up.

(Link to download the app)

Step 2: Open the ‘My Systematic Plans’ page

  1. In the dashboard, tap on the ‘Portfolio’ option at the bottom of the screen.
  2. All the schemes in your portfolio will be displayed.
  3. Next, tap on the ‘My Systematic Plans’ option.
  4. Next, tap on the three dots beside the plan for which you want to cancel or pause SIP.

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Step 3: Pause or cancel SIP

To Pause:

  1. Next, tap on the ‘Pause SIP’ option.
  2. Next, select the tenure (number of installments) for which you want to pause SIP.
  3. Next, tap on the ‘Pause SIP’ button.

To Cancel:

  1. Next, tap on the ‘Cancel SIP’ option.
  2. Next, tap on the ‘Yes, Stop SIP’ button.

By following these steps, the SIP of your SBI Mutual Fund will be paused or canceled successfully through the InvesTap app.

You can also download your SBI Mutual Fund Statement or redeem your MF amount from the same app or portal.

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