Avoid SIP Installment

Q & A ForumCategory: BankingAvoid SIP Installment
Dipa asked 9 years ago
Hello sir, i submitted a form of SIP cancellation of two funds to the sbi branch from where i have started the investment of mutual fund. i filled up the form on 4th april and they told me from next month these funds will be cancelled from your portfolio. But for a concern i just called them on 24th april to know about this. And i called the customer care of SBI they said they haven't got any forms. Then when i called the sbi branch in my city the mf manager said he'll call me after knowing the status and he did not call me after What can i do to avoid this month's SIP installment so that they don't deduct installment from my account. I feel very disappointed from SBI and ICICI bank's employees as they both did the same. i submitted the forms and they did not proceed. (current status : for SBI i called the customer care and send them scanned copy of forms and they said they have sent it to the registrar office and for the icici i fill the form thrice and now called the customer care they have finally received)
1 Answers
Sreekanth Staff answered 9 years ago
Hi, You may directly visit R&T agents brach office and submit forms. R&T Agents are CAMS, Karvy etc., Below are the main R&T agents in India ;
  • CAMS (Computer Age Management Services)
  • Karvy
  • Sundaram BNP Pribas Fund Services (SBFS)
  • Franklin Templeton Asset Mgmnt Ltd (FTAMIL is an in-house R&T for Franklin Templeton Mutual Funds)
CAMS is the main R&T agent and services more than half  of the mutual fund industry. CAMS serviced Funds are : Birla Sun life MF, DSP Blackrock MF, HDFC Mutual Fund, HSBC, ICICI Prudential MF, IDFC MF, IIFL MF, Kotak Mutual Fund, L&T MF, Mahindra MF, PPFAS MF, SBI MF, Shriram MF, TATA mutual fund & Union bank MF. Karvy provides R&T agent services to mutual fund houses like ;  Axis Mutual Fund, Baroda Pioneer Mutual Fund, BOI AXA Mutual Fund, Canara Robeco, DHFL Pramerica Mutual Fund, IDBI Mutual Fund, INVESCO Mutual Fund, JM Financial Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Peerless Mutual Fund, Principal Mutual Fund, Reliance MF, Quantum Mutual Fund, Taurus Mutual Fund, UTI MF etc.,
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