How chit fund works - Brought to you by Chit Zone, a Sachin Mittal initiative

chit fund, invest, new age chit fund

[unemployeddude]

I love how karan wanted to do fresh food online in the start of the video, but in the end he started a restaurent

[yashraut]

Here from "the one percent" by sharan hegde👍

[aniljohnson]

Really you explained the advantages over other investments. It gives almost 2-/2 to 3 times that of FDs and it is quite liquid too to borrow without any processing fee or any documents being submitted. Through chit I was able to be clear my debts, thought not govt registered chit fund, but chit running in a house in my lane. Thus saving huge chunk of taxes. Thank you Sachin for your initiative.

[thomasmani]

Refer to Modification to Chit Fund Act 1982, passed by Government on 1 Jan 2020.
Max discount increased from 30% to 40%.
FOREMAN Commission increased from 5% to 7%

[Im_nerd_]

The only person who is profiting if the organizer

[Kudos]

between the nice animation and polite explanation you should understand that nobody gives money for free, Chit funds sure has more facility than banks and other lending instruments however they are not innocent... 5% deduction on your total savings... "Chances" of winning the bid.... your free time to attend the bid... Lot of factors on which chit funds capitalize

[bhimanapalliambaresh]

How your are telling no interest.... He took the amount but he paid remaining 2 lakhs interest only...

[mnagasrinivas]

Nice Video about chits I will use this video in my chanal please give me no copy right video

[SajanMittal]

What if the first bid winner stopped contributing?

[thehungrysoul]

What happens (though rarely) if no one needed money during the whole period of time? I will have to pay all the money, but in return, I will get only the remaining amount of money left after giving the organiser his part. Is it not more profitable for me to have that same amount of money in a bank instead of chit funds? At least I will get some interests.

[seanras]

Does everyone win in a Chit Fund? If that's so why not just save in your own savings account?

[nitinpal]

The only one getting benefit is the foreman, quite good commission...

[chaitrat]

As per this video all the 40 members should contribute 20000/month for 40months??or the months are going to reduce??

[svk]

Chit Funds may become Cheat Funds. In this example the guy who got the first 8 lakhs may stop his contributions. Watching him other participants will also stop. N one can force them to contribute.

[shimogadude]

How come Karan and Arjun are completely whitewashed

[kbalakrishna]

How much interest will get for last person.

[dravikrish]

Margadarsi is india's top chit company.

[nishantrantony]

if it is 40 member chitty..wat if 40 ppl don't join.?

[lohitlala]

These should be called "CHEAT" funds

[hybriddude]

There are mostly losers, and some winners of this type of investment. And it is not as advantages as a standard loan since the amount awarded is via a bidding process, so the timing and the amount doesn't always meet desire. Low interest loans are always better than a chit fund.