How do I change the investment date or amount for an SIP?
To change the investment date or amount,
- Tap Wealth at the bottom of your PhonePe app home screen.
- Tap My Portfolio at the top of the screen.
- Tap My SIPs.
- Select the relevant SIP.
- Tap Modify.
- Change the investment amount or set a new date and tap Continue.
- Tap Confirm in the pop-up.
Important: If you modify the details of,
- An existing and verified SIP through netbanking or debit card (NACH authorisation), you don’t need to complete the verification again.
- An existing and verified SIP through UPI, you will have to enter your UPI PIN to complete the verification again.
Note: An amount of ₹2 will be deducted from your bank account for this verification. This amount will be refunded within 1 hour. SIP details cannot be modified while the verification or the payment is in progress. - An existing SIP, it will be marked as a new SIP in the statement issued by the AMC.