Chit Funds


Chit Fund is an attractive Investment Option which caters to people from all walks of life. It is specially beneficial to the Salaried Class, Professionals, Businessmen and Self Employed. The uniqueness of Chit Fund as a method of Financial Planning stems from the fact that, it is both a tool for saving and borrowing. In other words, it serves the dual purpose of being an investment for your savings and in times of need the Subscriber can bid for the Prize Amount in order to meet any unexpected expenditure.


  1. Whenever a subscriber has an unexpected Financial requirement like marriage or medical emergency etc.
  2. subscriber can bid for the Prize Amount and if he emerges as the Prized Subscriber
  3. The non prized subscriber who is a saving member upto the last installments gets dividend which is comparatively higher than the interest that are accrued by way of Recurring Deposit Schemes
  4. Investments in chits is safe without having to worry about fluctuations in the market.
  5. This lumpsum payment of the Chit Amount is of timely financial help without having to go through the hassles of taking a loan.
  6. Finally, it is the easiest way to obtain finance in lumpsum and is easy to re-pay in monthly installments.

How did work dakshata Chit Funds(EX : 1,00,000 CHIT)

  1. If the monthly installment is Rs 5000 there are 20 members the pot in the first month will contain Rs100000
  2. The subscriber who can the auction to access Rs.80000 is the first month and the others benefits in their share of the Rs.20000 surplus.
  3. 5% is calculated on the commission the foremen keep for servicing this subscriber
  4. Ex :Rs.100000 chit 5% - 5000, effectively Rs.250 (for each one 5000*5/100=250) is to be paid which will be added with Chantha for every month.