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This document is a form used to request the cancellation of a Systematic Investment Plan (SIP) and redemption of mutual fund units with ICICI Prudential Asset Management Company.
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How to fill out sip cancellation cum redemption

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How to fill out sip cancellation cum redemption

01
Obtain the SIP cancellation cum redemption form from your mutual fund provider or download it from their website.
02
Fill in your personal details, including your name, address, and contact information.
03
Provide your folio number associated with the SIP you wish to cancel.
04
Specify the scheme name and the amount or units you want to redeem (if applicable).
05
Sign and date the form.
06
Submit the completed form to your mutual fund provider's office or send it via post to the address specified by them.
07
Ensure you keep a copy of the submitted form for your records.

Who needs sip cancellation cum redemption?

01
Investors who want to terminate their Systematic Investment Plan (SIP) due to financial reasons.
02
Individuals looking to redeem their invested amounts before the maturity of the investment.
03
Investors who have found better investment opportunities and wish to reinvest their funds.
04
Individuals who may be facing liquidity issues and need access to their investment.
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SIP cancellation cum redemption is a process through which an investor can cancel their Systematic Investment Plan (SIP) and simultaneously redeem the units accumulated in the mutual fund scheme.
An investor who wishes to discontinue their SIP and redeem their invested amount must file the SIP cancellation cum redemption form.
To fill out the SIP cancellation cum redemption form, the investor must provide personal details, SIP details, and the amount or number of units to be redeemed.
The purpose of SIP cancellation cum redemption is to allow investors to exit their SIP investments and recover their funds when they decide to discontinue their systematic investments.
The information that must be reported includes the investor's name, folio number, SIP details, amount or units to be redeemed, and the reason for cancellation.
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