Dakshata chit funds

26/01/2020

03/08/2019

Chit Fund
A savings-cum-loan scheme in which a number of contributors come together to invest a fixed sum every month. The money is collected from the chit group and is put up for auction every month. The investor who bids the lowest for the total sum will win the lot. A commission has to be paid to the Chit Fund Company. The surplus is distributed to all other investors. The winner of the bid cannot bid the next month. In this case, the amount you win becomes a loan that you will repay through the rest of the tenure. On the other hand, if you do not bid, then it becomes like a recurring deposit and you will receive your investment at the end of the chit fund. Your returns depends on the distributable surplus every month. With chit funds, there is no fixed return on investment.

For example, 20 contributors invest in a chit fund for 12 months paying Rs. 1,000 each. In the first month, the fund is at Rs. 20,000, and the lowest bid goes at Rs. 17,000. 5% of the chit fund, or Rs. 1,000 in this case, has to be paid to the organiser. The remaining Rs. 2,000 will be distributed among 19 investors amounting to Rs. 105 approximately. So for the first month, the 19 investors actually contributed only Rs. 895 to the chit fund. This process repeats through the tenure of the chit fund.

29/07/2019

chit fund is a type of rotating savings and credit association system practiced in India.[1] Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. In some variations of chit funds, the savings are for a specific purpose. Chit funds are often microfinance organizations.[2]

29/07/2019

Financial advisers also say that chit funds can be a good investment, provided the promoters follow the strict rules that have been laid down for them. The investor pays an amount at specific intervals, usually a month, up to a fixed period. The money goes into a common fund.

08/07/2019

http://www.dakshatachitfunds.com/aboutUs.php

The Dakshata Chit Funds has got over 5 years of experience in retails and corporate finance product. He is having best experience with major finance industries, selling finance products such as secured and unsecured funding, project funding, corporate funding., commercial vehicles, construction equi...

02/07/2019

What is the benefit of chit funds?
Chit fund is a unique financial concept, which has flexibility to borrow or save. By paying one-month installment amount, a person can get to borrow from the chit value, by offering a discount not exceeding the maximum limit ascertained in the chit agreement.

01/07/2019

22/05/2019

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Contact :

Phone : +91 81227 75645 | +91 95850 07321

Email : [email protected]

Website : www.dakshatachitfunds.com

22/05/2019

http://www.dakshatachitfunds.com/

02/04/2019

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