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Chit Funds News

A Look At Some Of The Best Chit Funds In India
If you associate "chitfunds" only as high risk investments, thanks to the Saradha scam, you probably are wrong. There are many chit funds that are managed by the state governments and are hence safe, while others are managed by companies that ...
A Look At Some The Best Chit Funds India

Best And Safe Chit Funds To Consider For Investment
Chit Funds can give you higher returns than bank deposits, if people bid for lower amounts. It also helps you accumulate money for say a marriage, education or any other requirements. Now, we know that people do not like chit funds, ...
Can NRIs Invest In Chit Funds In India?
Among the various invest options that are currently available, we have the chit funds. After the recent Saradha chit fund scam, chit funds are looked upon as a risky way to invest. Interestingly, like domestic residents Non Resident Indians (NRIs) have ...
Can Nris Invest Chit Funds India
RBI Cautions Public Against Multi Level Marketing Activities
The Reserve Bank of India on Thursday cautioned the public against Multi-level Marketing (MLM) activities so that investors do not fall prey to unscrupulous entities. Explaining the functioning of these entities, the Reserve Bank stated that MLM/Chain Marketing/Pyramid Structure schemes ...
Rbi Cautions Public Against Multi Level Marketing Activities
No Indication of Terror Links in Chit Fund Companies: Govt
The National Investigation Agency (NIA) has not come across any instance in its investigation which indicates any terror links across the country in terms of flow of funds from various chit fund companies. The Unlawful Activities (Prevention) Act, 1967 has ...
No Indication Terror Links Chit Fund Companies Govt
SEBI warns public against illegal schemes
New Delhi, Jan 6: The Securities and Exchange Board of India has cautioned investors and the general public against entities making false promises of exorbitant returns through schemes being run without regulatory approvals. In a public notice, SEBI observed that ...
What are Ponzi Schemes?
Ponzi schemes are fradulent investment schemes that operate in the large financial world. Named after an Italian Charles Ponzi who moved to the US and sought an arbitrage opportunity in coupons and purchased postal stamps from Italian market at a lower ...
What Are Ponzi Schemes
A quick look at financial entities not regulated by the RBI
While banks and non banking finance companies are regulated by the Reserve Bank of India, there are several financial entities that are not regulated by the Reserve Bank of India. These include merchant banking companies, nidhis, housing finance companies, chit ...
A Quick Look At Financial Entities Not Regulated The Rbi
What are chit funds? How do they work?
Chit funds are rather popular among the artisans, shopkeepers and many such businessmen running small businesses. It's also popular among other individuals as well, who would like to receive a lumpsum for a special occasion like marriage, anniversary etc. How ...
Why Chit Funds should not be abolished?
Sitting in a barber shop recently, I saw an agent come and collect money on behalf of a Chit Fund. I knew how it worked, because I had been exposed to it time and again in an unorganised way in Mumbai. ...
Why Chit Funds Should Not Be Abolished
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