Groww has become one of India’s most popular investment platforms, offering a simple and mobile-first way to invest in mutual funds, stocks, and more. One of the most widely used features on Groww is the Systematic Investment Plan (SIP) option for mutual funds.
1. Introduction
Groww has become one of India’s most popular investment platforms, offering a simple and mobile-first way to invest in mutual funds, stocks, and more. One of the most widely used features on Groww is the Systematic Investment Plan (SIP) option for mutual funds. It allows users to invest fixed amounts monthly, helping them build long-term wealth in a disciplined manner. But what happens when you want to pause or stop your SIP?
Just like cancelling subscriptions on apps such as Netflix or Spotify, Groww also gives you a simple way to stop your SIPs.
Whether you’re switching to a new fund, rebalancing your portfolio, or simply adjusting your financial priorities, knowing how to cancel SIP in Groww is crucial. Groww makes it relatively easy to start and manage SIPs but many users aren’t sure how to stop one once it’s active. This blog will guide you through every method step-by-step, including how to cancel SIPs on the Groww app and website, and how to cancel the AutoPay mandate (eNACH) if required.
We’ll also clarify key questions users often ask:
- Will your money stay invested after cancellation?
- Can you resume a SIP once it’s canceled?
- What happens to AutoPay or bank mandates after SIP cancellation?
- Can you pause instead of cancel?
Whether you're a first-time investor or someone optimizing a mature portfolio, this blog offers everything you need to know about cancelling SIPs effectively on Groww. And the best part? The process is quick and requires only a few taps if done right.
Let’s begin by understanding what actually happens when you cancel a SIP and what it does (or doesn’t) affect.
2. What Happens When You Cancel a SIP on Groww?
Before you learn how to cancel SIP in Groww, it’s important to understand what cancellation really means—and what it doesn’t. Many users worry they might lose the money they’ve already invested or that cancelling will have tax or penalty implications. The good news is: cancelling a SIP is completely safe and doesn’t affect your existing investments.
Here’s what actually happens:
- You stop future auto-debits
Cancelling a SIP means Groww will stop initiating future monthly investments in that particular mutual fund. Your bank account will no longer be debited for the SIP amount. - Your existing units stay invested
The units purchased from your past SIP contributions will remain in your mutual fund portfolio. They will continue to earn returns (or losses) as per market performance. You don’t lose them unless you choose to sell (redeem) them. - You can restart anytime
Cancelling a SIP does not close your mutual fund account. You can restart a new SIP in the same fund or a different one anytime via the Groww platform. - No penalties or charges
Groww does not charge any fee for SIP cancellation. It’s free and doesn’t affect your credit score or incur tax penalties.
AutoPay and eNACH Considerations
If you set up AutoPay (also called eNACH) for your SIPs, cancelling a SIP won’t automatically cancel the bank mandate. If you won’t be using that mandate for other SIPs, you may want to cancel the mandate too (covered in Section 5).
Understanding this helps you cancel with confidence. Now let’s walk through how to cancel SIP in Groww using the mobile app, which is the most common method for users.
3. How to Cancel SIP in Groww App (Android & iOS)
Most Groww users manage their investments through the mobile app, making it the go-to place for starting, tracking, or cancelling SIPs. Whether you're using Android or iOS, the process is nearly identical and takes less than a minute. If you're wondering how to cancel SIP in Groww app, here's a step-by-step breakdown to guide you.
Step-by-Step: Cancel SIP via Groww Mobile App
- Open the Groww App
Launch the app and ensure you're logged into your account. - Go to the ‘Dashboard’ or ‘Investments’ Tab
Tap the “Investments” tab from the bottom navigation bar. This section shows your active mutual funds and SIPs. - Select the Mutual Fund You Want to Cancel
Scroll through your active investments and tap the fund for which you want to cancel the SIP. - Tap on ‘SIP Active’ or ‘SIP Details’
Under the fund’s overview, you’ll see a section titled ‘SIP Active’ or a card showing the SIP amount and date. Tap it. - Click ‘Cancel SIP’
You’ll find a ‘Cancel SIP’ button at the bottom of the screen. Tap it. - Confirm the Cancellation
A confirmation popup will appear. Review the details and confirm. Your SIP will be marked as Cancelled, and future auto-debits will stop.
What Happens After Cancellation?
- You will receive an email or push notification confirming the cancellation.
- The mutual fund will remain in your portfolio. You can redeem units or keep them invested.
- You may still see an AutoPay mandate listed as active (we’ll discuss how to cancel it in Section 5).
Things to Note:
- You must cancel each SIP individually. Cancelling one SIP does not affect others.
- If a SIP is scheduled for the next day, cancel as early as possible to avoid unintended deductions.
- There’s no fee or penalty to cancel SIP in Groww.
Whether you're rebalancing your investments or taking a temporary pause, knowing how to cancel SIP in Groww app gives you full control over your financial decisions right from your phone.
Next, let’s see how to do the same on Groww’s website for desktop or browser users.
4. How to Cancel SIP in Groww Website (Desktop/Laptop)
While the Groww app is more widely used, many investors prefer managing their portfolios on a desktop or browser for better visibility and ease of access. The Groww website provides the same features as the app—including the ability to cancel your SIPs quickly. Here’s how to cancel SIP in Groww if you’re using a computer or mobile browser.
Step-by-Step: Cancel SIP on Groww Web Platform
- Go to www.groww.in
Open a browser and visit Groww’s official website. - Log In to Your Account
Click the Login button in the top-right corner and enter your registered mobile number or email. - Click on ‘Investments’ or ‘Dashboard’
Once logged in, navigate to your dashboard. Here you’ll see all your ongoing mutual fund investments and SIPs. - Select the Mutual Fund SIP You Want to Cancel
Click on the fund name to expand its details. Look for the SIP tag under that investment. - Click ‘Cancel SIP’ or ‘Stop SIP’
You’ll find a Cancel SIP button next to the SIP details. Click it to initiate cancellation. - Confirm Cancellation
A confirmation box will appear. Review the SIP name, amount, and frequency before clicking Confirm.
Post-Cancellation Details:
- You will receive an email confirming the SIP cancellation.
- The fund’s investment remains untouched only future contributions are stopped.
- You can resume the SIP later by creating a new one for the same scheme.
Tips for Using Groww Web Interface:
- The web version is great for reviewing charts and past SIP transactions in detail.
- Ideal for users managing multiple funds and SIPs at once.
- SIPs already due within 24 hours may still process despite cancellation, so act early.
If you prefer desktop over mobile for managing finances, learning how to cancel SIP in Groww via the website ensures you’re not tied to one device or interface.
5. How to Cancel AutoPay (eNACH or Mandate) in Groww
Cancelling your SIP in Groww stops future investments for that specific mutual fund. However, many users forget that Groww also sets up an AutoPay mandate (eNACH) with your bank to enable automatic deductions. If you're done investing through Groww, it’s a good idea to also revoke this payment authorization.
This section explains how to cancel AutoPay in Groww, and when it makes sense to do so.
What is eNACH in Groww?
When you start a SIP on Groww, you’re asked to authorize an eNACH mandate this is a standing instruction that allows Groww to auto-debit your bank account for SIPs. Canceling a SIP doesn’t automatically cancel the eNACH mandate, especially if it’s linked to multiple SIPs.
When Should You Cancel the eNACH Mandate?
- You’ve canceled all your SIPs and don’t plan to invest again soon.
- You want to prevent accidental auto-debits.
- You’re moving to another investment platform.
How to Cancel AutoPay in the Groww App
- Open the Groww app and log into your account.
- Go to the ‘You’ tab or profile section.
- Scroll down and select ‘Mandates’ or ‘Bank Mandates’.
- Choose the active mandate you want to cancel.
- Tap on ‘Cancel Mandate’ or ‘Revoke’.
- Confirm your decision. It may take 2–3 business days to deactivate.
How to Cancel the Mandate via Your Bank
Alternatively, log into your net banking account:
- Look for the e-mandates or NACH authorizations section.
- Identify the Groww/Nextbillion mandate.
- Revoke or deactivate it directly.
Key Points to Remember
- Canceling AutoPay will not affect SIPs that have already been processed.
- If you want to invest again in the future, you’ll need to set up a new eNACH mandate.
- Some banks may take a few working days to process the cancellation.
If you’ve already followed the steps for how to cancel SIP in Groww, taking care of the AutoPay mandate gives you full control over future debits.
6. Can You Pause SIPs in Groww Instead of Cancelling?
One of the most frequently asked questions by Groww users is: Can I pause my SIP instead of cancelling it? Unfortunately, as of now, Groww does not provide a built-in “Pause SIP” feature. You either continue the SIP or cancel it entirely.
However, there are a few smart workarounds that can help you temporarily stop investments without losing your entire setup.
Why Would You Want to Pause a SIP?
- Temporary cash flow issues
- Budget reshuffling
- Market-related concerns (though timing the market is not recommended)
- Short-term financial goals taking priority
Workaround 1: Cancel and Restart Later
The most straightforward method is to:
- Cancel your existing SIP using the app or website.
- Restart the SIP in the same fund whenever you're ready.
This allows full flexibility without affecting your investment history or fund access.
Workaround 2: Skip Auto-Debits Manually
If you have AutoPay (eNACH) enabled and want to avoid a one-time deduction:
- Cancel the SIP before the next due date.
- Resume it later by setting up a fresh SIP.
This is not a true pause but gives you manual control over when you invest.
What Happens to Your Existing Investment?
- All mutual fund units bought through past SIPs stay in your account.
- These continue to earn market returns and can be redeemed any time.
Are There Any Penalties?
- No penalties or charges are applied when you cancel or restart SIPs on Groww.
- However, frequent SIP changes may affect rupee-cost averaging and long-term discipline.
In summary, while Groww does not support a true pause function, knowing how to cancel SIP in Groww and restart it later gives you all the flexibility you need.
7. How to Stop SIP in Groww for a Specific Mutual Fund Only
If you have multiple SIPs running in Groww across different mutual funds, you might want to cancel just one or two—without affecting the rest of your investments. The good news is that Groww allows full control over individual SIPs. You can stop your SIP for a specific scheme without impacting your overall portfolio.
Here’s how to cancel SIP in Groww for a particular mutual fund, step by step.
Step-by-Step: Cancel SIP for One Fund Only
- Open the Groww App or Website
Log in using your registered email or phone number. - Go to the 'Investments' or 'Dashboard' Section
This is where you’ll find all your active investments and SIPs. - Select the Mutual Fund
Identify the fund for which you want to stop the SIP. Tap or click on its name to open detailed information. - Access SIP Details
Scroll down to find the SIP section under the fund. Tap on the SIP card or label to view options. - Click on ‘Cancel SIP’
Tap the “Cancel SIP” button. Confirm your choice when prompted. - SIP Cancelled for That Fund Only
The cancellation applies only to that specific mutual fund SIP. Other active SIPs will continue unaffected.
Key Points
- Groww treats each SIP as an independent investment instruction.
- You can stop or modify one SIP without disturbing others.
- The process is the same whether you have SIPs in equity, debt, hybrid, or tax-saving funds.
What Happens to Units Already Bought?
Units you’ve already purchased under that specific fund will remain in your account and continue to reflect in your portfolio. You can redeem them whenever needed, subject to exit load or lock-in conditions.
This level of control makes it easy to customize your investment plan. If you’re only rebalancing or switching out of a single underperforming fund, knowing how to cancel SIP in Groww for one mutual fund allows you to adjust without affecting your overall strategy.
8. Common Issues While Cancelling SIP in Groww
While Groww makes the SIP cancellation process simple, users sometimes run into issues that prevent a smooth experience. If you’re trying to cancel a SIP and things aren’t working as expected, this section covers the most common problems and how to fix them.
Issue 1: Cancel Button Not Visible
Why it happens:
- The SIP has already been cancelled or completed.
- You're in the wrong section (e.g., viewing the fund, not the SIP).
- App or website is outdated.
Solution:
- Ensure you're on the SIP card view, not just the mutual fund summary.
- Update the Groww app or clear browser cache.
- If it still doesn’t appear, contact customer support with the fund name and SIP details.
Issue 2: SIP Still Deducting After Cancellation
Why it happens:
- Cancellation didn’t process correctly.
- AutoPay (eNACH) is still active and not delinked.
- There was a timing issue—cancellation happened too close to the SIP date.
Solution:
- Check for cancellation confirmation via email or app notification.
- Revoke the bank mandate if no SIPs are active (see Section 5).
- Contact support to confirm SIP status and request a refund if charged after cancellation.
Issue 3: Error Message While Cancelling
Possible causes:
- Server-side issue or app glitch.
- Network connectivity problems.
- Attempting to cancel during transaction processing.
Solution:
- Wait a few minutes and try again.
- Switch to a different device or try the website instead of the app.
- If the error persists, take a screenshot and reach out to Groww support.
Issue 4: SIP Cancelled, but Fund Still Showing in Portfolio
Clarification:
- This is not a bug. Groww shows mutual funds in your portfolio until all units are sold (redeemed), even if SIP is stopped.
Knowing how to cancel SIP in Groww is one thing—but handling these common issues ensures that your investment management is stress-free and efficient. If all else fails, Groww’s support team typically responds within 24–48 hours.
9. FAQs- Cancelling SIP on Groww
To help you navigate the process more confidently, here are answers to the most frequently asked questions about how to cancel SIP in Groww. These cover technical, financial, and practical concerns that arise for new and experienced investors alike.
1. Will I lose my money if I cancel a SIP in Groww?
No. Canceling a SIP only stops future investments. The mutual fund units you’ve already purchased remain in your portfolio and continue to grow or fluctuate with the market. You can redeem them anytime as per the fund’s terms.
2. Is there any penalty or fee for cancelling a SIP?
No, Groww does not charge any fee or penalty for cancelling a SIP. It’s completely free and you can cancel anytime without consequences.
3. Can I restart a SIP after cancelling it?
Yes. You can restart a SIP in the same mutual fund by visiting that fund page in Groww and creating a new SIP. There is no restriction on how many times you cancel or restart.
4. How long does it take for a SIP to stop after cancellation?
SIP cancellations are effective immediately on Groww’s side. However, if you cancel too close to the SIP date, one more deduction may go through. It’s best to cancel at least 2–3 days before the next scheduled date.
5. Do I need to cancel the AutoPay (eNACH) after cancelling all SIPs?
Yes, if you are no longer using Groww for investments, it's a good idea to cancel the AutoPay mandate via the app or your bank. This ensures no future debits happen by mistake.
6. What if the SIP continues even after cancellation?
In rare cases, a technical error or timing issue may result in an auto-debit after cancellation. If this happens, contact Groww customer support with your order ID and request a refund.
Managing SIPs is a key part of any long-term investment strategy. But just as important as starting a SIP is knowing when and how to stop it. Whether you're rebalancing your portfolio, moving to a new fund, or simply taking a break from investing, knowing how to cancel SIP in Groww gives you control over your money.
Groww provides a user-friendly process—both on the app and website—for cancelling SIPs. You can:
- Cancel SIPs in individual mutual funds
- Stop AutoPay mandates when needed
- Redeem your invested units at your convenience
- Restart a SIP anytime in the future
While Groww doesn’t currently allow you to pause SIPs directly, the cancel-and-restart method works just as well in most cases. As long as you're mindful of the SIP schedule and cancellation timing, you won’t face any deduction surprises or portfolio errors.
By understanding how to cancel SIP in Groww properly, you can make confident decisions without the fear of losing money or making mistakes. Whether you're adjusting your investment strategy or simplifying your portfolio, Groww gives you the tools to make it easy.
