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Cancel NIPPON INDIA MUTUAL FUND
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Cancellation service #1 in India
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I hereby notify you of my decision to terminate the contract relating to the Nippon India Mutual Fund service.
This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual period.
Please take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper processing of this request;
– and, if applicable, send me the final statement or balance confirmation.
This cancellation is addressed to you by certified e-mail. The sending, timestamping and content integrity are established, making it a probative document meeting electronic proof requirements. You therefore have all the necessary elements to proceed with regular processing of this cancellation, in accordance with applicable principles regarding written notification and contractual freedom.
In accordance with personal data protection rules, I also request:
– deletion of all my data not necessary for your legal or accounting obligations;
– closure of any associated personal account;
– and confirmation of actual data deletion according to applicable privacy rights.
I retain a complete copy of this notification as well as proof of sending.
Important warning regarding service limitations
In the interest of transparency and prevention, it is essential to recall the inherent limitations of any dematerialized sending service, even when timestamped, tracked and certified. Guarantees relate to sending and technical proof, but never to the recipient's behavior, diligence or decisions.
Please note, Postclic cannot:
- guarantee that the recipient receives, opens or becomes aware of your e-mail.
- guarantee that the recipient processes, accepts or executes your request.
- guarantee the accuracy or completeness of content written by the user.
- guarantee the validity of an incorrect or outdated address.
- prevent the recipient from contesting the legal scope of the mail.
Cancellation Nippon India Mutual Fund: Easy Method
What is Nippon India Mutual Fund
Overview
Nippon India Mutual Fund is an Indian asset management company offering a range of mutual fund schemes across equity, debt and hybrid categories for retail and institutional investors.
The AMC provides online and distributor channels for investing, systematic investment plans (SIPs), lump-sum subscriptions and investor services through its portal and mobile apps.
Key functions
The fund house receives subscriptions, allots units, maintains folios and executes redemptions subject to scheme rules and regulatory requirements.
Investor support includes transaction processing, grievance redressal and statutory disclosures as required under Indian law.
How to cancel Nippon India Mutual Fund
Before a transaction is executed
- If a purchase order has not been executed (no units allotted), contact your distributor, bank or payment gateway immediately to stop payment where possible.
- For app-store managed recurring subscriptions (iOS only), cancel the App Store subscription via iOS Settings → Subscriptions. See the App Store cancellation guidance for Nippon India Mutual Fund apps: iOS App cancellation steps.
After a transaction is executed
- Once units are allotted, there is no formal “cancel” - you must exit by redeeming units as per the scheme’s redemption process and timelines.
- Contact Nippon India Mutual Fund customer service or your distributor to place a redemption request or to get help with SIP cancellations or modifications.
What happens when you cancel
If cancellation occurs before execution
If a transaction is stopped before execution, no units will be allotted and any debited amount is typically reversed or refunded depending on the payment flow.
Processing times vary by bank/payment gateway and AMC procedures.
If you redeem after allotment
Redemption results in sale of units at prevailing NAV and settlement of proceeds to your registered bank account within the scheme’s prescribed payout timeline.
Redemption does not “undo” the original purchase; capital gains or losses apply as per holding period and taxation rules.
Will I get a refund?
SEBI-mandated refund situations
- Refund of application money is required by SEBI only if (a) a new fund offer fails to receive minimum subscription or (b) oversubscription occurs; SEBI requires refunds within six weeks of closure of the subscription list. See SEBI regulations: SEBI Act / relevant rules.
Other refund scenarios
- There is no general 14‑day cooling-off or right-to-refund once units are allotted; investors must redeem if they wish to exit the investment.
- Failed or duplicate payment transactions (e.g., double debit or banking failure) are normally refunded within a few working days; typical processing for failed transactions is about 5 - 10 working days depending on the error and payment partner. Reference on failed-transaction refunds: refunds and cancellations (payments).
Nippon India Mutual Fund plans and pricing
Available plan prices (NAVs and app)
| Plan | Price | 期間 | Features |
|---|---|---|---|
| Nippon India Mutual Fund App (iOS) | Free | One-time / Download | Download and use the official Nippon India Mutual Fund app |
| Nippon India Monthly Interval Fund Series I Retail Plan - Growth (Regular) | ₹32.96 per unit | NAV as of Apr 22, 2025 | Unit NAV of this debt FMP fund |
| Nippon India Index Fund - Nifty 50 Plan - Growth (Regular) | ₹41.81 per unit | NAV as of Sep 1, 2025 | Unit NAV of this equity index fund |
| Nippon India Index Fund - Nifty 50 Plan - Direct - Growth Plan | ₹45.54 per unit | NAV as of Sep 25, 2025 | Unit NAV of this direct equity index fund |
Notes on pricing
NAVs shown are per-unit fund prices and do not represent subscription or service fees.
For scheme expenses, exit loads and up-to-date NAVs check official scheme documents or the AMC disclosures.
Your consumer rights in India
Regulatory protections
- SEBI regulations govern refunds for failed NFO subscriptions and prescribe timelines for refunds in specific situations. See SEBI rules: SEBI Act / rules.
- Mutual fund transactions, once executed and units allotted, are generally final; redemption is the prescribed exit route.
Grievance redressal
- Investors can escalate service or transaction grievances via Nippon India Mutual Fund’s official grievance process. See AMC’s grievance redressal page for contact points and escalation: Nippon India grievance redressal.
- If unsatisfied with the AMC response, investors can escalate complaints through SEBI’s SCORES platform or other formal channels as per SEBI guidance.
Customer experiences
Employee and workplace reviews
Employee reviews available on Glassdoor indicate generally positive workplace ratings for Nippon India Mutual Fund, with high recommendation scores in several listings.
See employee feedback at: Glassdoor - Nippon India Mutual Fund.
Investor-reported issues
Public forums and review sites contain user reports of occasional customer-service delays, platform glitches and SIP-related problems such as delays in SIP cancellation or changes.
When you see such reports, verify current AMC support channels and escalate formally if you experience unresolved transaction or service issues.
Documentation checklist
Identity and KYC
- PAN card copy (mandatory for investments in India).
- KYC / Aadhaar and proof-of-identity documents as required for mutual fund investments.
Account and scheme details
- Bank account details (cancelled cheque or bank mandate) for redemption payouts.
- Folio number or transaction reference, scheme name, application date and amount for any cancellation or grievance.
Common mistakes
Attempting to “cancel” after allotment
Many investors expect a purchase can be reversed after units are allotted. In practice, allotment completes the transaction and cancellation is not available; redemption is the correct exit.
Always confirm allotment status before assuming a transaction can be reversed.
Relying on app-store subscription controls
App Store subscription cancellation only stops recurring in-app subscriptions managed by Apple; it does not cancel mutual fund purchases or reverse transactions once executed.
For mutual fund SIPs or transactions, use AMC or distributor channels and confirm via your account statement.
Comparative recap
Quick comparison of cancellation & refund paths
| Feature | What you can do | Refund | Typical timeframe | 期間 |
|---|---|---|---|---|
| Pre-execution (no units allotted) | Request stop via bank/distributor/payment gateway | Possible reversal/refund if payment not processed | Depends on payment partner; often 5 - 10 working days | One-time |
| Post-allotment (units allotted) | Cannot cancel; must redeem units | No refund except SEBI-prescribed NFO/oversubscription refunds | Redemption payout as per scheme timelines; SEBI refunds within 6 weeks for NFO failures | N/A |
| App Store (iOS) recurring subscription | Cancel via iOS Settings → Subscriptions | Stops future charges; in-app refund subject to Apple policy | Cancellation effective immediately for future billing cycles | One-time |
After cancelling
Follow-up actions
After cancelling or redeeming, retain transaction confirmations, redemption statements, and bank credit advices for recordkeeping and tax purposes.
Verify the credited amount and check for any exit load or tax implications on redemption.
Helpful links and contacts
- Nippon India Mutual Fund grievance redressal: AMC grievance process
- SEBI rules and refund provisions: SEBI acts / rules
- iOS App subscription cancellation guidance: App Store cancellation steps
Address
Registered office
4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (West), Mumbai 400013, India.
Contact tips
When contacting the AMC, have your folio number, PAN, KYC status and transaction references ready to speed up resolution.
If local branch addresses are needed, consult the AMC’s official investor service page for updated contact points and phone numbers.