How To Change SIP Date in Groww App India 2024?

Hey, do you invest your money in Groww mutual fund? Are you also looking for an answer on how to change SIP date in Groww app? If yes, then please read this article till the end. I am also an investor like you and I also changed my SIP date in Groww. So, I think I can help you and show you a detailed step-by-step guide on how to change SIP date in Groww app.

SIP means a Systematic Investment Plan helps us to create wealth for the future. There are many apps that we can use to invest money online or start a mutual fund SIP. But starting a SIP is not a big issue. After starting it, we faced many problems that demotivated us or took a lot of time. It’s not too difficult to change SIP amount or SIP date in Groww app but still, many people don’t know how to do it easily. I am writing this article just to save you time which you can use somewhere else.

Groww is an app that primarily focuses on Stock and Mutual Funds. But now we can buy US Stocks from India, IPOs and take personal loans from Groww too. In the recent update, Groww has added UPI money transfer and some cool features like recharge and bill payment on the app. So, overall you can say this is an app that can do almost everything.

What is SIP?

SIP full form is a Systematic Investment Plan. This is an option by Mutual Funds where any individual can invest a fixed amount at regular intervals in a mutual fund scheme. It could be once per month or once per quarter. Instead of paying a large or lumpsum amount one time, you can pay a fixed amount on a particular date of every month or every quarter.

Any individual can start a SIP from as low as ₹500 in a mutual fund scheme. SIP is becoming very popular among us because if we have money in our bank then the process will be done automatically via the bank and the mutual fund provider because of the Auto SIP feature.

One-Time SIP vs Monthly SIP

There are many types of SIP that you can choose to invest in. Two of the popular types of SIPs are One-Time SIPs and Monthly SIPs. In the first case, I mean if you chose a one-time SIP then you have to pay a fixed amount only one time during the starting of the Mutual Fund. Whereas in Monthly SIP, you have to pay a fixed amount on a fixed date of every month. You can start one-time SIP from as low as ₹5000 and monthly SIP from ₹500 in most of the mutual fund schemes in India.

Change SIP Date in Groww

The problem for middle-class people is we have to do a lot of things with our limited income. We have to take responsibility for our family members, loved ones and obviously for ourselves. Many of us have different types of investments for our future such as policies, insurance, real estate, FDs, stocks, mutual funds etc.

We love to take care of everyone but as a result, we have to face budget issues. This is one of the main reason that many people wants to change SIP date in Groww app. Let me tell you a secret, I also started my investment 3-4 years ago but a lot of times I skipped SIP in Groww, changed SIP amount or sometimes changed the date in the Groww app.

Investment is something that is very important in the current situation where we don’t know what is waiting for us in the future. Maybe we can earn more, become rich person or there is a possibility that we will lose our jobs or see a downfall in our business. This is the reason we have to save our money from an early age. Most people love to invest in FDs whereas young people have started their investment journey in the stock market or mutual funds.

Let’s read the below steps to know how to change SIP date in Groww app.

How To Change SIP Date in Groww App

• First of all, open the Groww app.
• Enter a 4-digit Groww PIN or open with a screen lock or Biometrics.
• Tap on the Mutual Funds option below.
• Click on the ‘SIPs’ option.
• Choose the Mutual Fund that you want to change SIP date in Groww app.
• Click on the ‘Edit SIP’ button.
• Now click on the ‘Edit Date and Amount’ option and select the new date and amount.
• After making all the changes that you wanted click on the ‘Save Changes’ button.
• Done!! You have changed SIP date in Groww app.

Please remember that the newly edited SIP amount will be debited from your account on the new date that you have chosen recently. If you have selected the Auto SIP in Groww App then the money will be debited from your account on that date or the next date (if there is a holiday). Also, if you have insufficient balance in your Bank then the SIP will be skipped for that month and you have to pay ₹295 charge for this.

Also Read: Groww Refer and Earn Today [₹25/Refer]

FAQs: Change SIP in Groww App