SIP Cancellation Request Letter – Application for SIP Cancellation

Table of Contents:

• Sample Letter
• Live Editing Assistance
• How to Use Live Assistant
• Additional Template Options
• Download Options
• Share via Email
• Share via WhatsApp
• Copy to Clipboard
• Print Letter
• FAQs

Request Letter to Cancel SIP - SIP Cancellation Letter

To,
___________ (Mutual Fund AMC Name, Eg. Axis Mutual Fund),
___________ (AMC Address)

Date:__/__/____

Subject: Cancellation of SIP

Dear Sir/Madam,

I ___________ (Name), had opted for SIP as per details mentioned below:

Name:__________
Folio No. ___________
Scheme Name:__________
Plan:_____________
Option:____________
Bank Name:____________
Bank Account Number:_______________

Request you to kindly cancel the SIP Scheme Name____________ with option________ under folio no. _____________ with immediate effect and acknowledge the same.

Thanking You,

Signature: ___________
Name: ___________
Contact: __________

Live Editing Assistance

Live Preview

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• Start Typing: Enter your letter content in the "Letter Input" textarea.
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Additional Template Options

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Download Options

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• Copy to Clipboard: Click the "Copy to Clipboard" button after composing your letter.
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Print Letter

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• Print Letter: Click the "Print Letter" button after composing your letter.
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FAQs

1. How can I cancel my Systematic Investment Plan (SIP)?
   • You can cancel your SIP by writing a formal letter to the mutual fund AMC requesting cancellation. Include details such as your name, folio number, scheme name, plan, option, bank name, and bank account number, and request immediate cancellation.
2. What information do I need to include in the SIP cancellation letter?
   • In your SIP cancellation letter, include your name, folio number, scheme name, plan, option, bank name, and bank account number. Clearly state your request for cancellation and ask for acknowledgment of the cancellation.
3. Is it necessary to provide my bank account details in the SIP cancellation letter?
   • Yes, it's important to provide your bank account details in the SIP cancellation letter to ensure the refund of any remaining SIP installments or redemption proceeds. This helps the mutual fund AMC process the cancellation accurately.
4. How soon will my SIP be canceled after sending the cancellation request letter?
   • The mutual fund AMC typically processes SIP cancellation requests promptly. You should receive confirmation of the cancellation shortly after sending the request letter, usually within a few business days.
5. Do I need to follow up after sending the SIP cancellation request letter?
   • If you haven't received acknowledgment of the SIP cancellation within a reasonable timeframe, it's advisable to follow up with the mutual fund AMC to ensure that your request has been processed successfully.