Cancellation Mirae Asset: Easy Method

What is Mirae Asset

Overview

Mirae Asset is an investment management company offering mutual fund schemes, SIPs (Systematic Investment Plans), and related investor services in India.

The firm provides online account access, fund NAVs, and customer support for purchase, redemption, and account maintenance.

Products covered

This guide focuses on cancelling mutual fund investments and SIPs with Mirae Asset in India.

It covers practical steps, likely outcomes, documentation, and your rights as an investor.

How to cancel Mirae Asset

Cancel an ongoing SIP online

• Log in to your Mirae Asset account on the official site: Mirae Asset Mutual Funds.
• Go to the SIP/Investments section, select the SIP you want to stop, and choose the "cancel/stop" option.
• Confirm cancellation and retain the confirmation/transaction reference for your records.

Cancel by email or physical request

• Send an email or signed physical request to the AMC stating folio number, investor name, scheme name, and cancellation instruction.
• Include a copy of PAN, registered mobile number, and bank proof if required by the AMC for verification.
• Follow up with customer support if you do not receive confirmation within a few business days.

What happens when you cancel

Immediate effects

Stopping a SIP prevents future installments from being invested from the cancellation date onward.

Existing units already allotted remain in your folio until you redeem them; cancellation does not trigger automatic redemption.

Account and data handling

Your investor folio stays active unless you request folio closure or full redemption.

Mirae Asset will retain transaction records and KYC details as required by regulations and internal policy.

Will I get a refund?

General policy

For mutual funds, "refund" in the subscription sense is uncommon; redemptions are processed at applicable NAV and paid out, not refunded.

If a payment failed or a duplicate transaction occurred, the AMC/registrar may reverse or correct the transaction after verification.

Exceptions and remedies

• Wrong or duplicate transactions: file a complaint with the AMC with evidence for possible reversal.
• Failed mandates or bank issues: refunds or corrections depend on bank and registrar verification.
• If unresolved, escalate with the AMC grievance officer and, if needed, regulatory or consumer forums.

Mirae Asset plans and pricing

Official NAV values (sample)

The following are NAV values for selected Mirae Asset mutual fund schemes during 2025 - early 2026.

These are provided for reference; NAVs change daily - check the official site for the latest values.

Your consumer rights in India

Regulatory protections

Mutual fund investors in India are protected by securities regulations that require fair dealing, disclosure, and grievance redressal.

AMCs must follow KYC, transaction reporting, and investor communication norms set by regulators.

Redress and escalation

• Start with the AMC's grievance officer for account or transaction issues.
• If unresolved, you can escalate to the regulator or consumer forums as per statutory complaint procedures.
• Keep transaction references, emails, and ID proofs to support any formal complaint.

Customer experiences

Positive feedback

Many investors report smooth online SIP management and timely transaction confirmations using the AMC portal.

Users appreciate clear NAV updates and multiple contact channels for routine queries.

Common complaints

Some investors report delays in confirmation, mandate failures, or slower responses during peak periods.

Timely documentation and follow-up usually resolve most disputes; escalate if responses are inadequate.

Documentation checklist

Essential documents

• Folio number and scheme name.
• Registered PAN and KYC documents (Aadhaar where used for KYC).
• Bank account proof (cancelled cheque or bank statement) linked to the folio.

Supporting items for disputes

• Screenshots or emails showing SIP instructions and confirmation numbers.
• Bank mandate or NACH mandate copy, if available.
• Any correspondence with the AMC or registrar (emails, complaint IDs).

Common mistakes

Example: missing folio details

Sending cancellation requests without the correct folio number delays processing and verification.

Always confirm the folio and scheme name before submitting a request.

Example: incorrect bank mandate handling

Assuming a bank debit will stop immediately can cause one or two more installments to be processed.

Cancel your SIP early and follow up with your bank/mandate provider to prevent extra debits.

Comparative recap

Cancellation options compared

The table below compares typical actions investors take when ending investments or SIPs, with expected outcomes and timeframes.

Quick reference

After cancelling

Follow-up steps

• Retain confirmation or cancellation reference number provided by the AMC.
• Check bank statements for any unexpected debits and match against your folio.

Helpful links and contact

For account-specific actions, NAVs, or grievances use Mirae Asset’s official site: https://www.miraeassetmf.co.in/.

Use the site’s contact or grievance section to find the appropriate email, phone, or form for escalation.

Address

Registered office

Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai 400098, India.

Use this address for formal physical correspondence or registered post if required by the AMC.

Notes on contacting

For fastest resolution, use the online portal or official contact channels before sending physical mail.

Keep copies of any physical submission and obtain proof of delivery when mailing documents.