Appointment form: These are available in the fund house’s/ agent’s office. The investor has to provide details like folio number, bank account details, SIP details and the date from which the SIP has to be stopped.
Form Submission: The form has to be submitted to the mutual fund company/agent’s office. It takes around 21 days to stop the SIP.
Return of post-dated cheques: If the investor had given post-dated cheques with SIP instructions, the mutual fund company returns the unused ones to him.