How to Close a SIP in Nepal: Stop Payments or Redeem Units

Closing a SIP can mean two different things: stopping future contributions or redeeming mutual fund units you already own. You can do one without the other. The steps, charges, cut-off times and payout method depend on the scheme, so check the fund manager’s current instructions before submitting a request. This guide explains what to verify in Nepal.

Can I Withdraw SIP Anytime?

Before we get into the steps of how to close SIP, let’s answer the most common worry investors have: Can I withdraw from SIP anytime?

Many open-ended mutual funds permit redemption, but “anytime” does not mean instant cash or a fixed value. Check your scheme’s offer document for any minimum holding period, early-exit charge, request cut-off, applicable NAV and settlement timeline. The three-year ELSS rule often described on Indian websites is not a general rule for Nepali SIPs. Your fund manager can confirm the terms for your particular units.

How to Stop Mutual Fund SIP Deductions

It is really important to understand that stopping your monthly payments and withdrawing your money are two totally different things. If you just lost your job or need a break from investing, you need to know how to stop mutual fund SIP payments without actually selling your current investments.

Here is the step-by-step process to pause or stop the deductions:

1. Log in to your Mutual Fund Portal: Go to the website of the capital management company where you started the investment (e.g., Nabil Invest, Siddhartha Capital).
2. Find the SIP Menu: Navigate to your dashboard and look for the active “Systematic Investment Plan” section.
3. Choose the option for stopping future instalments, such as “Cancel SIP” or “Stop plan,” if that is what you intend. Do not select “Redeem units” unless you also want to sell existing holdings. If the labels are unclear, contact the fund manager before submitting.
4. Check any separate bank standing instruction or ConnectIPS e-mandate. Follow its cancellation procedure if you are ending future payments, and keep the confirmation. Coordinate this with the fund manager’s SIP cancellation so you know whether the next instalment is still due.

Stopping a SIP normally ends future contributions; units already allotted remain invested unless you request redemption separately. Their NAV can rise or fall. Check the fund manager’s confirmation and the next scheduled debit rather than assuming the stop request took effect immediately.

NIBL Sahabhagita Fund: Check the Portal and Forms

NIMB Ace Capital’s Sahabhagita Fund FAQ says units bought through an ongoing SIP are locked for sale until the SIP registration is cancelled; other units bought outside that SIP may be redeemable separately. It also says an ongoing SIP can be cancelled by submitting a cancellation letter at least seven days before the SIP date. Check its current instructions and your account status before using Unit Redemption. Source: https://mutualfund.nimbacecapital.com/PG/FAQs

• Login to the NIMB Ace Capital’s Mutual Fund Portal, click here.
• Tap on Unit Redemption>Unit Redemption Request,

• Review the number of units, bank details, fees and the applicable NAV rules before submitting. Keep the request confirmation and follow up until the fund manager confirms completion.

Portal availability and request cut-off times can change. If a button is disabled, check NIMB Ace Capital’s current notice or ask its support team when requests are accepted; do not assume NEPSE trading hours apply to every SIP transaction.

Request forms from NIMB Ace Capital if the required action is unavailable online:

The screenshots show a NIMB Ace Capital example, but portal options can change. If your account does not offer the action you need, use the fund manager’s official downloads or contact its mutual fund support team for the current form and submission channel. Ask separately whether you need to stop future SIP instalments, redeem units, or both.

The images below are examples of forms used in this process. Download a fresh copy from NIMB Ace Capital and submit personal documents only through the fund manager’s confirmed official channel. Do not send your BOID, bank details or signed forms to this website.

• Visit the Downloads page of NIMB Ace Capital,
• Select the current form for your intended action: SIP cancellation to stop future instalments, unit redemption to sell holdings, or both if you intend both actions. Confirm any additional documents with NIMB Ace Capital.
• Fill out the form by printing with all your SIP Details, Email, and BOID, including the total redemption unit as shown in the image,

• Submit the signed form using the current email address or upload route shown on NIMB Ace Capital’s official website. Verify the destination before sending identity or bank information, and retain the submission acknowledgment.
• That’s all.

Simple Email Format:

How to Withdraw SIP Amount to Your Bank

What if you actually need the cash in your hands right now? If you want to exit the market completely, here is how to withdraw sip amount directly to your linked bank account.

1. Log into Issue Manager / Capital Portal: You can usually initiate a withdrawal directly from the asset management company’s website.
2. Choose the ‘Redemption’ Option: In mutual fund terms, selling your units is called “Redemption.” Click this option.
3. Enter the Number of Units: You don’t usually type in a rupee amount. Instead, you enter the number of mutual fund units you want to sell. You can sell a few units (partial withdrawal) or all of them (full withdrawal).
4. Submit the request and save its reference number. The price and settlement follow the scheme’s applicable NAV and cut-off rules; they may not be the NAV displayed when you press submit. Check the final statement for units redeemed, deductions and proceeds.

Redemption proceeds are not immediate. The applicable NAV and settlement date depend on the fund’s rules, request cut-off and processing status. Ask the fund manager for the expected timeline and verify which registered bank account will receive payment. Do not rely on a fixed three-to-five-day estimate for every scheme.

Conclusion on How to Close SIP

First decide whether you need to stop future SIP contributions, redeem units already held, or both. Confirm the required steps with your fund manager, check any exit charge and applicable NAV rule, and keep acknowledgments for the SIP instruction, bank mandate and redemption request. The proceeds and timing can vary; follow up with the fund manager if a request or payment is not reflected in your account.