Cancel Your Groww Mutual Fund SIP Subscription
Automated investing with a Groww SIP is a smart financial habit, but it's crucial to know how to manage these payments, a theme we explore in our guide to India's top fintech apps. If you need to pause or stop an investment, this is the definitive guide.
This guide provides the exact steps to both pause and permanently stop your SIP on the Groww platform. We'll explain the difference between stopping the SIP and selling your investments, ensuring you have full control over your financial plan.
How to Cancel Groww SIP
Follow the step-by-step instructions below to stop your Systematic Investment Plan.
Groww App
- 1 On your home screen, navigate to the 'Mutual Funds' section.
- 2 Select the 'SIPs' tab at the top of the screen.
- 3 From the list, choose the specific SIP you want to cancel.
- 4 Click on 'Cancel SIP', which is usually in the top right corner.
- 5 Select a reason for the cancellation from the options provided.
- 6 Confirm the action by clicking 'Cancel SIP' one more time.
Pre-Cancellation Safety Checklist
Your Existing Investments Are 100% Safe
CRITICAL: Stopping your SIP only stops future monthly payments. The mutual fund units you have already purchased remain securely in your portfolio and will continue to grow or fall with the market. You are NOT selling your investments.
There Are No Penalties for Stopping a SIP
VERY IMPORTANT: Groww does not charge any penalty, fee, or exit load for cancelling a SIP. You can stop and restart your SIPs at any time without any financial loss. It is a completely free and flexible feature.
Understand the Cut-Off Time to Avoid the Next Deduction
To ensure your next SIP installment is not deducted, you must cancel the SIP at least 2-3 business days before the scheduled payment date. The cancellation needs time to be processed by the bank and the mutual fund house.
Consider Pausing Instead of Cancelling
If you have a temporary cash-flow issue and plan to resume investing soon, Groww offers a 'Pause SIP' feature. This allows you to skip payments for a few months without cancelling the SIP entirely, making it easy to restart.
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No penalties, and you can start again anytime.
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