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CANCELLATION OF SYSTEMATIC INVESTMENT PLAN Date : ___ To The manager ___Mutual Fund Dear sir/madam I had given instruction for deduction of Rs.___into the Folio No.___Scheme___ plan___Option___with

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How to fill out cancellation of systematic investment

01

Contact your financial institution or investment company that manages your systematic investment.

02

Request a cancellation form for systematic investment.

03

Fill out the cancellation form accurately with your personal details, investment details, and reason for cancellation.

04

Submit the filled-out form to the financial institution or investment company either in person or electronically.

05

Wait for confirmation of cancellation from the institution and follow any additional steps they may require.

Who needs cancellation of systematic investment?

01

Investors who no longer wish to continue with their systematic investment plan.

02

Investors who have reached their financial goals or have changed their investment strategy.

03

Investors facing financial difficulties or needing to free up funds for other purposes.

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What is cancellation of systematic investment?

Cancellation of systematic investment refers to the process of terminating regular contributions made to an investment fund or account in a systematic manner, typically on a pre-scheduled basis.

Who is required to file cancellation of systematic investment?

Individuals or entities who wish to terminate their systematic investment plan and stop further contributions are required to file for cancellation.

How to fill out cancellation of systematic investment?

To fill out the cancellation form, the investor needs to provide their personal information, account details, and the specifics of the systematic investment plan they wish to cancel.

What is the purpose of cancellation of systematic investment?

The purpose of cancellation is to halt ongoing investments and stop regular deductions from the investor's account, often due to changes in financial circumstances or investment strategy.

What information must be reported on cancellation of systematic investment?

The cancellation report must include the investor's name, account number, the amount being canceled, the investment plan details, and the date of cancellation.

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