A safer alternative to chit funds — save from ₹21/day
Pyllar gives you the daily savings discipline of a chit fund — with SEBI-regulated gold mutual funds, no default risk, and no lock-in.
Start Saving — ₹21/dayChit fund vs FD vs RD vs Pyllar — full comparison
If you're looking for a safe way to save daily, here's how the four most common options stack up.
| Feature | Chit Fund | FD | RD | Pyllar |
|---|---|---|---|---|
| Minimum amount | ₹100+/day | ₹1,000+ lump sum | ₹100/month | ₹21/day |
| Typical returns | 0–3% (net of commission) | 6–7% p.a. | 6–7% p.a. | ~10–12% p.a.* (gold historical) |
| Risk level | High (default risk) | Very low | Very low | Market risk (gold prices) |
| Lock-in | Yes — full chit cycle | Yes — penalty if early | Partial penalty if early | None — withdraw anytime |
| SEBI regulated | ✗ No (most unregistered) | RBI regulated | RBI regulated | ✓ SEBI & AMFI |
| Beats inflation? | Rarely | Marginally | Marginally | Historically yes |
| Tax on gains | Not applicable | Taxed as income | Taxed as income | LTCG 20% with indexation (after 2 yrs) |
*Historical gold returns in INR over 20 years (2004–2024). Past performance does not guarantee future returns. Mutual fund investments are subject to market risk.
How Pyllar works — simple as a chit fund, safer than a bank
The same daily saving habit. But your money works harder and stays safe.
1. Set your daily amount
Choose any amount from ₹21/day. Link your UPI and set up AutoPay once. Done.
2. Money goes into gold mutual funds
Every day, your money is invested into SEBI-regulated gold mutual funds — directly with the AMC, not with Pyllar.
3. Watch your gold grow
Your holdings are shown in grams of gold in the app. As gold prices rise, your savings grow.
4. Withdraw whenever you want
No waiting for your "turn." Redeem anytime. Money reaches your bank in 2–3 working days.
Why families trust Pyllar
Your money stays yours
- Pyllar never holds your money — it goes directly to the AMC
- Your mutual fund units are registered in your name
- Even if Pyllar closes, your investment stays safe with the AMC
- SEBI-regulated gold mutual funds — not an unregistered chit
- AMFI-registered distributor (ARN 341847)
- No foreman commission, no hidden charges
Built for daily earners
₹21 is enough to start
Most investment apps want ₹500 or ₹1,000/month minimum. Pyllar was built for people who earn daily and want to save daily — starting from just ₹21.
Pause or stop without penalty
Life is unpredictable. If you miss a day or need to stop, there's no penalty, no pressure from a foreman, and no loss of what you've already saved.
Questions about switching from a chit fund
Yes. Pyllar invests your money in SEBI-regulated gold mutual funds held by a licensed AMC. Your money never sits with Pyllar — it goes directly to the mutual fund. Chit funds carry default risk (if the organiser or other members don't pay), have no SEBI oversight in most cases, and your money is locked in until your turn. With Pyllar, you can stop and withdraw anytime.
With a chit fund, you're stuck — you either wait for your turn or pay a penalty to exit early. With Pyllar, you just tap "Redeem" in the app. Money reaches your bank account within 2–3 working days. No questions asked, no foreman to negotiate with.
Your savings are invested in gold mutual funds, so they move with gold prices. Gold has historically been a strong store of value over the long term. In a chit fund, you typically get back the same amount you put in (minus the foreman's commission). Pyllar gives your savings a chance to grow.
Your investment is safe because Pyllar never holds your money. Your mutual fund units are registered directly with the AMC (Aditya Birla Sun Life or Nippon India Mutual Fund) in your name. Even if Pyllar closed, your investment would remain intact with the AMC and you could redeem it directly through CAMS or KFintech.
No lock-in. You can stop your daily SIP or withdraw your money at any time. There's no minimum duration, no penalty for stopping early. This is very different from most chit funds, where you're committed for the full cycle.
Save every day. Grow your gold. Stay in control.
Pyllar gives you the daily savings discipline of a chit fund — with the safety of a SEBI-regulated mutual fund. Start from ₹21/day. No lock-in. Withdraw anytime.
Start from ₹21/day →Learn more about saving with Pyllar