Piggy, a popular mutual fund investment platform, is shutting down on June 30, 2025. The company announced this decision via email, stating that all services will cease 30 days from May 30, 2025.
Many investors are now wondering what happens to their active SIPs, existing investments, and transaction records. Here’s what you need to know:
- SIPs will be automatically canceled between June 15 and 20, 2025. If you want to stop them earlier, you can do so manually via the Piggy app or by contacting your bank.
- SIP mandates cannot be transferred to another platform. You’ll need to set up new SIPs on MF Central, AMC websites, or other investment platforms.
- Your investments remain safe with fund houses and their RTAs (CAMS or KFintech). Piggy was only a transaction layer, so your holdings are unaffected.
- You can access your investments via MF Central, AMC portals, or mobile apps even after Piggy shuts down.
Investors should act quickly to set up new SIPs and ensure smooth access to their funds. Stay informed and plan ahead!