Motilal Oswal Midcap Fund is a mutual fund scheme that allows investors to put their money into mid-sized companies with growth potential. The fund offers options like regular growth plans and dividend payout plans, which means you can choose whether to reinvest your earnings or get them as payouts. If you're seeing charges from them, it's likely because you've subscribed to one of their investment plans and are being billed periodically based on the amount you've invested. Essentially, they help manage your investments in midcap stocks and handle the billing related to your chosen investment plan.
Difficulty
12345
678910
Easy
Medium
Very Hard
The cancellation process is relatively straightforward, involving standard verification steps like OTP and form submission online. The instructions are clear and available online, making the cancellation easy but requiring some familiarity with online processes, hence a low difficulty score.
Estimated Time
On average, it takes
5 minutes
00
00
minutes to cancel a Motilal Oswal Midcap Fund subscription.
How to Cancel Motilal Oswal Midcap Fund: Step by Step
If you purchased through the Motilal Oswal website:
- Log in to your account on the Motilal Oswal website.
- Navigate to the "Systematic Investment" section.
- Select the "Cancel SIP" option.
- Choose the specific SIP you want to cancel from the list.
- Click on the "Submit" button to finalize the cancellation.
If you purchased through Kfintech:
- Visit the Kfintech website and log in to your account.
- Locate the "SIP" or "Systematic Transactions" section in your account dashboard.
- Find the SIP you wish to cancel.
- Submit a cancellation request or form as provided on the site.
- Check your email for a confirmation of your cancellation.
If you purchased through email or phone support:
- Email the customer support at the designated Motilal Oswal contact.
- Include your account details and the request to cancel your subscription.
- Wait for the confirmation reply to ensure cancellation is processed.
Tips & Tricks for Canceling Motilal Oswal Midcap Fund
- Be firm and persistent in communication; expect resistance.
- Use clear, direct language indicating immediate cancellation request, e.g., "Please process my cancellation effective immediately."
- Document all interactions (dates, names, call recordings if possible) to use as leverage if escalations are required.
- Escalate quickly to higher authorities or the official grievance redressal department if initial representatives stall or avoid cancellation.
- Send cancellation requests via email or written formats to create formal records rather than relying on verbal confirmations.
- Time your cancellation towards the end of billing cycle to avoid unnecessary charges and fees.
- Avoid discussing new investments during cancellation calls to prevent upsell attempts.
- Leverage consumer complaint portals (like SCORES) if Motilal Oswal fails to process cancellations or charges wrongly.
- Be prepared for aggressive sales tactics and promises that may be misleading; keep focus on the cancellation goal.
- Use online forums like Reddit to find current contact points and share experiences for community support.
Motilal Oswal Midcap Fund Customer Service Info
If you need assistance, here's how you can get in touch with Motilal Oswal Midcap Fund's support team.
Cancel Motilal Oswal Midcap Fund Script
Script
Copy
Dear Motilal Oswal Team,
I hope this message finds you well. I am writing to kindly request the cancellation of my subscription to the Motilal Oswal Midcap Fund. Unfortunately, due to personal financial constraints, I am unable to continue at this time. I appreciate your understanding and assistance with this matter.
Thank you for your prompt attention to my request.
Best regards,
Frequently Asked Questions
Motilal Oswal Midcap Fund's subscription policy requires a minimum initial investment of Rs. 500 for SIPs and allows additional purchases from Rs. 500 onwards. Redemption requests have a minimum of Rs. 500 and may face restrictions for amounts above Rs. 2 lakh with regulatory approvals. Application rejections lead to refunds within 5 working days, with interest penalties on delays. The Trustees reserve the right to modify these terms.
To cancel your subscription or SIP for Motilal Oswal Midcap Fund via kfintech.com, you do not specifically need a password for the cancellation request itself. The process involves submitting a cancellation form or using OTP verification for eNACH/OTM cancellations, but no mention is made of requiring your account password. If you do need to reset a password for your account access on kfintech, you can visit the password reset page here: https://mfs.kfintech.com/investor/General/AccountStatement (look for options related to password reset or account login).
- Financial Emergencies: Unexpected expenses such as medical bills, job loss, or other urgent liquidity needs.
- Underperformance of the Scheme: Consistent underperformance of the Motilal Oswal Midcap Fund compared to benchmarks or peer funds.
- Change in Fund Management or Strategy: Changes in the fund's management, investment objectives, or portfolio strategy that investors do not agree with.
- Increase in Expense Ratio: Rising fees and expenses that reduce the overall returns on investment.
- Achieving Financial Goals: Investors stop or cancel when their specific financial goals are met, such as buying a car or making a down payment.
- Market Volatility: Investors may halt contributions due to short-term market downturns or volatility affecting midcap funds.
- High Risk Appetite Mismatch: Some investors may find midcap funds too volatile or risky for their risk tolerance and choose to cancel.
- Better Investment Opportunities: Switching to funds with better past performance or more attractive management.
- Unsatisfactory Customer Service: Complaints about service quality or fund house support may lead to cancellations.
Motilal Oswal Midcap Fund imposes a 1% exit load if the redemption is done on or before 15 days from the date of allotment, which is a short lock-in period designed to discourage immediate cancellation. After 15 days, redemptions are free of exit load charges, and there are no longer-term lock-ins or early cancellation fees typically involved. However, be aware that withdrawals or switch-outs are also subjected to the same exit load rules, so early cancellation within that first 15-day window will cost 1% of your redemption amount.
Before cancelling a subscription or membership for Motilal Oswal Midcap Fund through kfintech.com, it's important to note that cancelling a SIP requires at least 15 calendar days' notice to discontinue payments, and for SIPs via NACH, a 31-day notice is needed. After cancellation, you will lose access to systematic investment benefits like SIP (Systematic Investment Plan) that helps in disciplined investing and rupee cost averaging. Additionally, cancellation means you will no longer be making automatic investments into the fund, potentially impacting your investment strategy and growth potential. Make sure to use separate cancellation forms if you have multiple schemes or folios, and ensure proper signatures if the account has joint holders.
- PAN (Permanent Account Number)
- Email address or Mobile number
- Scheme Name (e.g., Motilal Oswal Midcap Fund)
- Folio Number
- Option to Generate and Validate OTP (One-Time Password for authentication)
- Selection of SIP or Subscription to be cancelled
- Selection of AMC/Fund (e.g., Motilal Oswal Midcap Fund)
We've actually written a step by step guide on how to get a refund from Motilal Oswal Midcap Fund. Check it out!
The Easiest Way to Cancel Motilal Oswal Midcap Fund
If you’re frustrated trying to cancel your subscription, membership, or bill from Motilal Oswal Midcap Fund—or if you didn’t even realize you were being charged—Chargeback can help. Chargeback is a personal subscription manager that automatically detects hidden, recurring charges like Netflix, Hulu, and hundreds of others. With one click, we can cancel unwanted subscriptions, flag suspicious billing, and even initiate refund requests on your behalf. No more waiting on hold or navigating confusing help pages. Just connect your bank or email account, and we’ll take care of the rest.
Start reclaiming your money today with Chargeback
What Are Some Alternatives to Motilal Oswal Midcap Fund?
Motilal Oswal Midcap Fund charges may show up on your statement as: Investment Management and Advisory Fees, Marketing & Selling expense incl. agent commission, Costs of statutory Advertisements, Cost towards investor education & awareness, Brokerage & transaction cost, Goods and Service Tax (GST) on expenses, GST on brokerage and transaction cost, Other Expenses, Transaction Charge, Stamp Duty
Editorial Note: These articles reflect the opinions of Chargeback's writers. Everyone's situation is unique; therefore, it is important to conduct your own research and note that our self-help tools are not guaranteed to help with any specific problem.
.svg)
.svg)
.svg)
.svg)
.png)
