A Complete Guide to Investing in Chit Funds

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A COMPLETE GUIDE TO INVESTING IN CHIT FUNDS
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LOOKING TO INVEST IN CHIT FUNDS? OUR COMPLETE
GUIDE WILL TELL YOU EVERYTHING YOU NEED TO KNOW
ABOUT HOW THEY WORK AND THE RISKS
INVOLVED. LEARN ABOUT THE DIFFERENT TYPES OF CHIT
FUNDS AND FIND OUT WHICH ONE IS RIGHT FOR YOU.
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A CHIT FUND, OFTEN KNOWN AS A CHIT FUND SYSTEM,
IS A TYPE OF SAVINGS SCHEME POPULAR IN INDIA. IT
IS ESSENTIALLY A ROTATING ARRANGEMENT IN WHICH A
GROUP OF PEOPLE CONTRIBUTE MONEY AND THE CORPUS
IS DISTRIBUTED TO ONE PERSON AT A TIME. THIS
INDIVIDUAL OR GROUP OF INDIVIDUALS MAY BE CHOSEN
THROUGH A LOTTERY OR AUCTION MECHANISM. THE CHIT
FUND WAS ESTABLISHED SO THAT PEOPLE MAY STORE
MONEY AND USE IT WHEN NEEDED.