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How To Online Stop or Cancel SIP In DSP Mutual Fund?


Finance Guru Speaks: This article will provide information on how you can stop or cancel your SIP online in DSP Mutual Fund.

You may select any Mutual fund scheme, steps will remain the same. Make sure to update your Email and Mobile correctly against your Folio No.

Steps to follow to online cancel or stop SIP in DSP Mutual Fund:-


1. Open DSP Mutual Fund website and click on Log In after providing your registered Username and Password:-
DSP MF- Login Page
DSP Mutual Fund - Login Page
 2. In the Home Page, click on Systematic Plans as shown below (check Left Hand Side):-
DSP Mutual Fund - Cancel SIP
DSP Mutual Fund - Cancel SIP
 3. On the Next Page, click on Cancel SIP link against the selected DSP Mutual Fund:-
DSP Mutual Fund - Cancel SIP
(Click to enlarge) DSP Mutual Fund - Cancel SIP

 4. On the Next Page, click on Cancel SIP button:-


DSP Mutual Fund - Cancel SIP
DSP Mutual Fund - Cancel SIP
 5. Review the details and click on Confirm button after accepting T&Cs:-
DSP Mutual Fund - Cancel SIP
DSP Mutual Fund - Cancel SIP
Congratulations on your successful Online SIP Cancellation of DSP Mutual Fund 👍
DSP Mutual Fund - Cancel SIP
DSP Mutual Fund - Cancel SIP
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Images Courtesy: DSP Mutual Fund Website

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8 comments:

  1. Anonymous20 August 2020 at 20:16

    do we get our balance amount in our bank account which was in portfolio?

    ReplyDelete
  2. Finance guru Speaks20 August 2020 at 22:56

    Hi,

    Once the SIP is cancelled, the future SIP amount will not be deducted from the registered bank account. You can redeem the invested units to withdraw your investment as per needs.
    Hope it clarifies.

    ReplyDelete
  3. Unknown5 December 2020 at 02:47

    If I pause my SIP on 1-Jan and once pause period of 6 months complete and SIP again start at 1-July. For example my transaction happen successfully in 1-July month, can I again pause SIP for next 6 months in 31-July?

    ReplyDelete
    Replies
    1. Finance guru Speaks5 December 2020 at 07:26

      Dear Reader,
      Please share the fund name to check and confirm. Thanks.

      Delete
  4. Finance guru Speaks6 January 2021 at 09:24

    Thanks for your feedback Shivi. Trust me, some other Fund houses have more complex steps :-)

    ReplyDelete
  5. Unknown11 January 2022 at 15:40

    I've canceled the dsp sip by your method and it's being shown canceled. But I still got the sms that the amount will be deducted on the particular day of next month. What will happen if the amount gets deducted?

    ReplyDelete
    Replies
    1. Finance guru Speaks21 January 2022 at 04:09

      If the SIP is shown as Cancelled, then just go to Biller or Bill Pay section of your Bank and remove DSP from the list.
      No money can be deducted by Fund House once you remove this biller. Thanks.

      Delete
  6. Anonymous7 June 2023 at 13:05

    Am trying to stop my SIP in DSP. but am unable see pause or cacel options. I can only see 'Start new SIP'. is this because my SIP end date is May2024 or am I missing something?

    ReplyDelete

Thanks for your interest. Keep visiting.


Sincerely,
Finance guru Speaks