Chit fund calculation in excel - Difference between Chit fund and Mutual fund - Chit Fund Explained

Download the file from the below mentioned link

https://docs.google.com/spreadsheets/...

My Channel
   / @uexcelinmsoffice4323  




Excel Time & Motion study template - Calculate bench mark & productivity & set the targets
   • Excel Time & Motion study template - ...  
EMI - Housing/Home Loan - How to repay loan quickly/faster - repayment - Save interest amount
   • EMI - Housing/Home Loan - How to repa...  
Excel short video - Calculate revised price - Percentage increase
   • Excel short video - Calculate revised...  
Short excel video - Calculate percentage change
   • Short excel video - Calculate percent...  
How to use Roman function in excel/Convert a number to Roman numeral in excel
   • Shorts  
How to use Auto Correct Option/Feature In excel for time saver tips - Correct misspelled words
   • Видео  
Calculate Gratuity in excel -Employee eligible under Gratuity act 1972-Gratuity calculation in excel
   • Calculate Gratuity in excel -Employee...  
GST calculation both inclusive and exclusive tax
   • Shorts  
How to calculate profit margin in excel - Easy trick - Profit margin on sales
   • Shorts  
FTE CALCULATION IN EXCEL - RPA AUTOMATION FTE RELEASE - FULL TIME EQUIVALENT - BUSINESS TRANSITION
   • FTE CALCULATION IN EXCEL -RPA AUTOMAT...  
How to calculate Work Experience in Excel - using Datedif function/formula
   • How to calculate Work Experience in E...  
How to calculate Recurring deposit(RD) in excel - RD calculator - Quarterly & Monthly interest pay
Chit fund details
Chit fund Kannada
Chit fund App
Chit fund online
best chit fund scheme
How chit fund work with example in tamil
Chit fund telugu
chit fund UPSC
chit fund odisha
chit fund malayalam
Chit fund explained in tamil
chit fund explained in hindi
chit fund company
chit fund kya hota hai
chit fund news
Chit fund explained in telugu
chit fund news today
Chit fund explained in kannada
chit fund business tamil
chit fund company ka paisa kab milega
chit fund or mutual fund
chit fund vs mutual fund
chit fund schemes
chit fund me invest kaise kare
chit fund meaning
chit fund money refund
chit fund money return
chit fund meaning
chit fund management excel
chit fund meaning in telugu
chit fund me invest kaise kare
chit fund management system
mutual funds vs chit funds
mutual funds for the beginners



   • How to calculate Recurring deposit(RD...  
Customer or Vendor Ageing report in excel - Accounts Receivable or Accounts Payable ageing report
   • Customer or Vendor Ageing report in e...  
#Short Excel Video - How to Calculate Sales Price After Discount in Excel
   • Shorts  
How to Create Email Address in Excel - Excel Short Video - Smart Trick In Excel
   • How to Create Email Address in Excel ...  
How to Calculate Percent Change - #Short - Find percentage difference between two numbers - In Excel
   • Shorts  


Is it worth to Invest in unorganized Chit Fund compared to Mutual Fund

of months Month Amount Paid Amount Credited Profit Monthly Profit Calculation Overall Return On Investment
1 Oct-22 8,000.00 10,000.00 2,000.00 Total available fund 2,00,000.00 Total Profit 20,320.00
2 Nov-22 8,000.00 10,000.00 2,000.00 Withdrawal amount 1,60,000.00 Agent commission(5%) 10,000.00
3 Dec-22 8,300.00 10,000.00 1,700.00 Profit 40,000.00 Profit after agent commission 10,320.00
4 Jan-23 8,580.00 10,000.00 1,420.00 Profit for each members 2,000.00
5 Feb-23 8,650.00 10,000.00 1,350.00
6 Mar-23 8,720.00 10,000.00 1,280.00 Difference between Mutual Fund and Unorganized Chit Fund
7 Apr-23 8,790.00 10,000.00 1,210.00
8 May-23 8,860.00 10,000.00 1,140.00 Differences Mutual Fund Unorganized Chit Fund
9 Jun-23 8,930.00 10,000.00 1,070.00
10 Jul-23 9,000.00 10,000.00 1,000.00 Liquidity Its not easy to take money and few mutual fund do have locking period No locking period and take money if required
11 Aug-23 9,070.00 10,000.00 930.00
12 Sep-23 9,140.00 10,000.00 860.00 Regulations Mutual fund is governed by SEBI No government body regulates chit fund
13 Oct-23 9,210.00 10,000.00 790.00
14 Nov-23 9,280.00 10,000.00 720.00 Security Since governed by SEBI, no chances of fraud It is not safe since no government body regulates
15 Dec-23 9,350.00 10,000.00 650.00
16 Jan-24 9,420.00 10,000.00 580.00 Charges Mutual fund manager charges 2 - 3% Chit Fund manager charges 5 - 10%
17 Feb-24 9,490.00 10,000.00 510.00
18 Mar-24 9,560.00 10,000.00 440.00 Purpose Money making scheme Money saving scheme
19 Apr-24 9,630.00 10,000.00 370.00
20 May-24 9,700.00 10,000.00 300.00 What is your opinion…?
Total 1,79,680.00 2,00,000.00 20,320.00