You can edit, stop or cancel your mutual fund SIP investment anytime online. Here is the process on how to stop mutual fund SIP in the Kotak Neo app;
- Enter your Kotak Securities login credentials to login to the Neo app.
- Click on the “Invest” option at the bottom bar.
- Select mutual funds under the other investment option.
- At the bottom, tap on Reports >>> Manage SIP.
- Tap on the 3 dots of the scheme and click on Edit SIP option.
- Now click on Stop SIP and your SIP will be stopped.
Note: To increase or decrease your SIP investment, tap on modify the SIP option. Enter the new SIP amount and new SIP date. Submit the order and your SIP will be modified.