5 Facts to know before you invest in Chits/Chitty

Investments in Chits/Chitty A chit fund is a kind of savings practiced in India. A Collection of members called a chit group contribute the money and they bid in auction and the awarded money which equals to chit amount minus the commission deducted by Chit Fund Company. However I felt this is not that best investment among the options available. How does it works? Let us take an example of a chit scheme of 25 chit members contributing Rs. 1000 […]

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