How to Cancel SIT Through the ET Money App

Subscribing to Systematic Investment Plans (SIPs) can provide you with a disciplined approach to investing. However, at times, you may need to stop your SIP. The ET Money app, often the go-to choice for investors, does not provide a direct option for SIP cancellation. In this guide, we will explain how to cancel your SIP using the app and explore other available methods.

How to Cancel SIP via ET Money App

Unfortunately, the ET Money app does not support direct cancellation of SIPs. However, you can still manage your investment plans through the app. If you want to proceed with the cancellation process, follow these steps:

Select the Investment You Wish to Cancel

1. Start by selecting the specific SIP you wish to cancel. Navigate through the app to find the particular SIP you are interested in discontinuing.

Select the Three Vertical Dots for Options

2. In the top-right corner of the screen, tap on three vertical dots. This action will reveal a drop-down menu with various options.

View the Investment Details

3. Once the drop-down menu is open, select ‘View Investment’. This option will take you to the detailed page of the selected SIP.

Select the Cancel Option

4. On the detailed page, locate the ‘Cancel’ option, which is usually present on the top-right corner. Tap on it to initiate the cancellation process.

Below are the steps you should follow if the app does not provide a cancellation option:

Alternative Methods for SIP Cancellation

If the ET Money app does not support SIP cancellation, you can explore alternative methods to terminate your investment plans. Here are some steps you can take:

Visit the AMC Office

1. Visit the Asset Management Company (AMC) office nearest to you. Representatives here can assist you in canceling your SIP and provide detailed information about the process. This method is time-consuming but is a reliable option.

Use Online Platforms

2. Log in to other online platforms such as Karvy or CAMS. These platforms often have more comprehensive services and can help you with SIP cancellation. Ensure that you are working on the AMC’s official website or app for security and accuracy.

Call Customer Support

3. Contact the AMC’s customer support department directly. This is a convenient option if you want to speak with a representative who can guide you through the cancellation process over the phone.

Conclusion

Cancelling a SIP is often required for various reasons, and navigating the ET Money app can be challenging. Although the app does not support SIP cancellation, there are alternative methods to achieve your goal. By visiting the AMC office, using online platforms, or contacting customer support, you can successfully terminate your SIP investment plan.

It’s important to stay informed and take the necessary steps to ensure that your financial goals are aligned with your current needs. Always consult with professionals before making any significant changes to your investment strategies.

Keywords: SIP cancellation, ET Money, investment cancellation