This is how our clients define us
We provide Transparent operations and Timely capital, making us the Trustworthy financial foundation for thousands of ambitious members.
MYM Chit Fund is a trusted and reliable financial solution designed to help individuals and businesses achieve their goals through smart savings. With flexible chit plans, transparent operations, and timely payouts, MYM Chit Fund makes it easy to manage your finances without the burden of high-interest loans. Whether you need funds for business growth, education, family needs, or emergencies, MYM Chit Fund provides a secure and disciplined way to save and access money when you need it most.
We offer reliable and transparent financial solutions tailored to your needs
With over 20 years of experience, we ensure your investments are safe and secure with complete transparency.
Our chit fund plans offer attractive returns compared to traditional savings options, helping you grow your wealth faster.
Choose from a variety of chit plans with different durations and amounts to suit your financial goals.
Every transaction is carried out with honesty, transparency, and fairness. We provide complete documentation, clear terms, and maintain a strict no hidden charges or unfair deductions policy.
Our chit plans are designed to suit a wide range of financial goals and income groups. Whether you're looking to save, invest, or access funds quickly, we offer solutions tailored to your requirements.
Never miss a chit payment with smart WhatsApp reminders for auctions, dues, and key updates.
Our journey and commitment to financial excellence
From a 1960s Household Initiative to a Government-Recognized Institution
The foundation of MYM Chit Fund Private Limited was laid in the 1960s. What began as an informal, household community-finance initiative by our visionary great-grandmothers—Late Mrs. Kanniyammal Doraiswamy and Late Mrs. Sharadaambal Adhimulam—was built purely on family-driven trust and mutual financial support. For over half a century, this grassroots initiative quietly empowered families and small businesses, operating as a close-knit community circle.
The Digital Evolution: Make Your Money (2011)As the third generation stepped in to carry this financial legacy forward, the traditional model adapted to the modern era. In 2011, the initiative transitioned into MYM (Make Your Money) Chits. Utilizing contemporary digital platforms, it began as a specialized Facebook-based group created to help a friend in urgent financial need. Driven by absolute transparency, timely payouts, and powerful word-of-mouth trust, this small group scaled rapidly.
Legal Transformation & Public Face Value (2018)To match its rapid scale with maximum security, the business underwent a vital structural transformation under the leadership of Mrs. Kalaiarasi Venkataraman. In 2018, the company was formally incorporated as MYM Chit Fund Private Limited, headquartered in Bangalore.By transitioning into a government-recognized, officially registered chit fund, MYM gained its true legal face value. This official status gives our members the highest level of regulatory security, corporate governance, and financial protection. We successfully bridged a 60-year old heritage of personal trust with modern legal compliance.
Happy Customers
Years of Experience
Choose the plan that best fits your financial needs
Simple steps to start your chit fund journey
Sign up with your details and complete the KYC process to become a member.
Select the chit fund plan that best suits your financial goals and budget.
Pay your monthly contribution on time through our secure payment gateway.
Participate in the monthly auction to win the pooled amount at a discount.
Real experiences from our valued members
"I have been a member of MYM Chit Fund pvt ltd for many years, and I am extremely satisfied with their services. The company is very professional and transparent in their operations, which gives me a lot of confidence in investing with them. The staff is always helpful and responsive to any queries or concerns I have. The returns on my investments have been consistent and rewarding. I highly recommend MYM to anyone looking for a reliable and trustworthy chitfund company."
Senthil sir CEO of Mym chit fund pvt is a Trustworthy person. Im a chit subscriber in mym chit. They made my dream come true as there immense slogan ie.. make your money [mym] as they said my money got saved and same was utilized for fullfilment of my one of the dream and it is relavent here to express my sincere thanks to senthil sir that what he promise he will fullfill the committment and deeds 100% on time.
I and my family members have been investing since 2012, we would highly recommend it for everyone. This is the best and trusted Investment service, they are very transparent with the transactions and bid process, they have 3 generation experience in it. Great work by Senthil Anna, Hats off
MYM Chit Fund has been an exceptional financial partner for me. Their efficient and transparent chit fund model has not only helped me save but also provided opportunities for investments. The team's professionalism and dedication ensure a seamless experience, making MYM Chit Fund a reliable choice for anyone seeking financial stability and growth. Good luck and keep growing.
Fully satisfied with their service and cooperation. I am peace of mind with investing here. My financial position improved with help of chit planning and gained more confidence on myself now. I would always like to be connected with MYM on my financial planning
I've had an outstanding experience with MYM Chits! Their service is exceptional, and the trust they instill is unmatched. Senthil, has been incredibly kind, helpful, and knowledgeable. He goes above and beyond to provide insights and clarifies any queries promptly. I highly recommend MYM Chits for anyone seeking reliable chit finance services.
Have been saving with MYM chit Fund since 2016 and have Had very good experience. Always on time payment and very transparent auction process. Cooperative and caring at all time of needs. I got money exactly when ever I needed without any hazels. From normal home chit they have got all govt registered chits now. Safe and secure feeling.
Since from five years, I am part of MYM chit fund Private limited and I Am Very great full for your timely support and help . Excellent 👌 job by them please do the same needful to those who are interested in your MYM chit fund Private limited, Transperant transaction and clean record is maintained thank you once again.
"I've been associated with MYM Chit Fund Pvt Ltd for over a decade now, and I can confidently say it has been one of the best decisions for my financial planning. Under the exemplary leadership of Kalaiarasi, this family-run company has thrived for over three decades, a testament to their dedication and integrity. What sets MYM apart is their commitment to transparency and trustworthiness, thanks to Sendhil's innovative embrace of technology. By leveraging modern tools, MYM ensures that every transaction is conducted with utmost clarity, giving me peace of mind in my financial dealings. I've personally benefited immensely from my association with MYM Chit Fund. Whether it's planning for my business ventures or managing personal financial objectives, MYM has been a reliable partner every step of the way. A heartfelt thank you to Kalaiarasi, Sendhil, and the entire team at MYM Chit Fund for their unwavering support and guidance. Here's to many more years of success and prosperity together!"
Answers to common questions about chit funds
A chit fund is a type of rotating savings and credit system where a group of people contribute a fixed amount regularly, and through a bidding process, one member receives the pooled amount each cycle. It combines both savings and borrowing elements in a single financial product.
MYM Chit Funds is registered under the Chit Fund Act, 1982, and follows all regulatory guidelines. We maintain transparent records, conduct regular audits, and ensure all transactions are properly documented. Our company has been in operation for many years with a proven track record of reliability.
Timely payment of monthly contributions is crucial for the smooth functioning of the chit fund. If you miss a payment, you may be charged a penalty as per the terms and conditions. We recommend setting up automatic payments to avoid missing contributions.
Join the auction in person at our office or online via Zoom. Every bid is recorded and fully auditable, ensuring complete transparency.
To join a chit fund, members must provide valid identity proof, address proof, and complete KYC verification. In some cases, income proof may also be required to ensure the member can make regular contributions.
The required documents include Aadhaar card, PAN card, passport-size photos, and address proof. For businesses, additional registration documents may be requested.
Chit fund dividends or discounts are generally not considered taxable income for individuals. However, any income generated through business-related chit funds may be subject to taxation. We advise consulting a tax professional for clarity.
The foreman (the chit fund company) charges a commission for managing the chit group. This commission is usually a fixed percentage of the chit value and is regulated under the Chit Fund Act, 1982.
Yes, chit funds can be safe when operated by a registered company that follows proper auditing and regulatory guidelines. Always choose authorized and reputable chit fund companies to ensure safety.
If a winning bidder defaults on subsequent payments, legal action may be taken, and their security deposit or guarantor may be involved as per the contract terms. This ensures other members are protected.
Disputes are resolved through proper documentation, customer service support, and, if required, through legal channels under the Chit Fund Act, 1982. Transparency ensures quick resolution.
Yes, GST is applicable to chit fund services. Chit fund companies must pay GST on the foreman commission they charge. The current GST rate for chit fund services is 18%. Members, however, are not charged GST on their monthly contributions.
Get in touch with our team for any queries
Our team is ready to answer your questions and help you choose the right chit fund plan.