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@lilly159 Regardless of whether Byju's wins the suit or not, they are in a lose/lose situation here. If the original consortium is forced to buy back the loan from the new owners, they will still pursue Byju's for payment and will be unlikely to change terms. If Byju's loses the suit, they're...

@hallie4 So called reputed builders are more of a risk, IMO, because they have the money power to engage in an extended legal battle, or to grease palms.

@simanjuntak That explains why your father is pushing you to invest in chits. It's generally not allowed, but try to sit in for an auction to gauge the popularity of various schemes. My personal experience in KSFE is that small denomination funds (e.g. 25×30) will be more popular than large...

@simanjuntak Chit funds are a savings-cum-borrowing scheme. How it works is people pool money, in your case 80,000 a month, and then the 20 lakhs that is collected monthly will be reverse auctioned to the person who wants to draw the lowest amount (called "prize money"). Then next month's...

@darioush While I agree with your pther points, this is just plain wrong. Chit funds are administered by the state goverment and the chit trust is registered by the RBI. It varies from state to state, but since the 2000s, most states regulated chits and nidhis stringently, particularly...

@lakecrescent The AMC (asset management company) here is Axis. In an ideal world, you would purchase directly from Axis and not a broker/ platform. However, a typical semi-active investor, even while investing in MFs, would be doing business with 3-5 funds, and potentially 2-3 AMCs. Hence, the...