With a view to save little amounts of Money, , Investing in Chit Funds is not a bad idea, rather good. It is convenient. The primary advantage is, it is simple and easy.
But, there are Chit Fund organizations, that use the gullibility in the people, especially in the rural regions for their advantage. Which is why, in my State made all Chit fund organizations should be registered..
These registered. organizations are functioning well Despite all this, , there are many cases of cheating. That is why, it is necessary to verify the ingenuity of the organization before investing.