To stop or pause your SIP through Angel One, you can easily do it online by logging into your account and selecting the SIP you want to modify. Angel One allows you to either pause your SIP temporarily or stop it permanently as per your requirement.

How to Stop Your SIP on Angel One?

Log in to your Angel One account and go to the ‘Mutual Funds’ section. Find the SIP you want to stop and select the option to ‘Cancel SIP’ or ‘Stop SIP.’ Confirm your request, and the SIP will be permanently stopped. This means no further deductions will happen for that SIP from your bank account.

How to Pause Your SIP Temporarily?

Angel One also offers the option to pause your SIP for a specific period. After logging in, go to your SIP details and select ‘Pause SIP.’ Choose the duration you want to pause the SIP for, and confirm. This helps if you want to skip some SIP payments but continue later without canceling the SIP completely.

What Happens After You Stop or Pause Your SIP?

After stopping your SIP, no further installments will be deducted, and your investment will remain as it is. If you pause your SIP, payments will be temporarily halted for the chosen period, and resume automatically afterward. You won’t lose your existing mutual fund units in either case.

Can You Restart a Paused SIP Later?

Yes, you can restart your paused SIP anytime from your Angel One account. Just log in, go to paused SIPs, and select the option to resume the SIP. This gives you flexibility to manage your investments as per your changing financial situation.

Are There Any Charges for Stopping or Pausing SIP?

Angel One does not charge any fee for stopping or pausing your SIP. However, check if your mutual fund scheme has any exit load or other charges on stopping SIP. These charges depend on the fund house rules, not Angel One’s platform.