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Chit Fund in comparison with sweep account (9% interest) ?

From the past 9 years, I am using chitfund organised by my father-in-law (hence no risk). Recently I felt it is not giving me proper benefit as I am continueing till the end.

Need guidance to understand whether it is beneficial to continue chitfund or invest in Mutual funds/sweep (9% interest). Will it be beneficial if I join the chitfund and go for auction on the first month??

As I need to take a decision quickly, request the feedback as soon as possible.

Regards,

Balaji

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