Investors using Zerodha’s Coin app for mutual fund investments may find the need to stop, pause, or modify their Systematic Investment Plans (SIPs) due to various reasons. Here’s a comprehensive guide on how to manage your SIPs effectively and how to stop SIP in Zerodha Coin App.

1. Canceling a SIP on the Zerodha Coin App

To cancel a SIP using the Coin app:

1. Open the Coin app and navigate to the specific mutual fund.
2. Tap on the three-dot menu (context menu) associated with the fund.
3. Select “Delete” and confirm by tapping “Yes”.

This action will stop any future investments for that particular SIP.

2. Canceling a SIP on the Zerodha Coin Web Platform

If you prefer using the web platform:

1. Log in to the Coin web platform.
2. Click on the mutual fund you wish to cancel.
3. Select “Delete” to stop the SIP.

Note: For AMC SIPs, ensure you cancel at least two days before the next installment date.

Also Read: How to Cancel Mutual Fund SIP in Groww App

3. Pausing or Resuming a SIP in Zerodha

To pause or resume a SIP:

1. Access the Coin web platform and go to the “Mutual Funds” section.
2. Click on “SIPs” and select the desired mutual fund scheme.
3. Choose “Pause” to halt or “Resume” to restart the SIP.
4. Confirm your action by clicking “Yes”.

Remember, AMC SIPs cannot be paused; they must be canceled if you wish to stop them.

4. Important Considerations

• Timing: Ensure you make changes at least two days before the SIP execution date to avoid the next installment.
• AMC SIPs: These are directly registered with the Asset Management Company and have different modification rules compared to regular SIPs.
• Existing Investments: Canceling a SIP does not redeem your existing units; they will remain in your portfolio until you choose to redeem them.

Disclaimer: This article is for informational purposes only. Please consult with a financial advisor before making investment decisions.