A salaried employee from the organised workforce has a clearly defined and stable income, both during his working tenure and after. As a consequence, post retirement financial planning for the salaried class is a well-established and fairly straightforward activity. However, when it comes to a small entrepreneur, financial planning is a major challenge. Whether it […]
5 Financial Lessons from Deepavali
A unique Deepavali is arriving. After a grim 8 months where people had to battle the virus pandemic, economic distress and job insecurity issues, it’s now celebration time. Deepavali is the festival of hope, of the victory of light over darkness. It also signals a season of prosperity and success. We at Shanthala Chits take […]
Plan your long term finances, but also take care of the short term
Saving for the future is part of the Indian ethos. Whether it is for a daughter’s wedding, purchase of a house or life after retirement, families start their planning well in advance. We teach a growing child the precious habit of saving by gifting a piggy bank. “Live within your means and save for a […]
Six Money Management Tips for First-Time Entrepreneurs
Gone are the days when the country’s youth were solely dependent on seeking government jobs or salaried positions in large private sector companies. Today, many qualified and ambitious youngsters are confident about starting their own entrepreneurial ventures and making a bold entry into the world of business. You could be an engineer with industry experience […]
Steps towards financial self-reliance – In line with Govt’s “Atma Nirbhar Bharath” mission
A new mantra has caught the imagination of the Indian population – self-reliance. Taking inspiration from the “Atma Nirbhar Bharath” mission launched by the Prime Minister, the slogan is driving future business and financial goals of government departments, educational institutions, large corporates, small businesses and even individual citizens. Self-reliance does not mean functioning in a […]
Modernising Chit Funds for the new age investor
Shanthala Chits has long been a pioneer in the chit fund business. We started as a small family-owned business that managed the money of a few trusted friends and family. Now, after 24 years of successful operations and thousands of satisfied customers, our second-generation leadership is ready to take the company to the next level. Amongst […]
To Spend or Not to Spend – Evaluating Opportunity Cost during the present business crisis
Moments of crisis are always likely to occur in the long journey of any businessman. Successful business leaders are not those who don’t face any crisis. They are the ones who make the right choices in response to the crisis. So that the business emerges stronger after the challenges faced. Today, most small and medium […]
In these times of hardship, Shanthala Chits builds partnerships of trust
The ongoing Corona Virus crisis has brought in a lot of uncertainty and danger into the lives and businesses of people. This is especially true with some of our esteemed customers who are successful entrepreneurs. Brave, smart people who are running their businesses – delighting their customers and bringing employment to several people around them. […]
Money matters for the youth – Chit funds, an attractive option for the young Indian
When we hear about a chit fund investor, we tend to visualise a conservative housewife or a rural householder with no access to modern banking. It is true that women and rural folk were the major patrons of chit funds in earlier days. That’s because they needed an avenue for monthly saving and anytime withdrawal. […]
You don’t need to be a senior citizen to retire – Smart planning for an early retirement
Gone are the days when people worked till the age of 60-65, often staying in the same company for decades. By the time they retired from work, they were too old to enjoy their well-earned leisure time! In today’s fast-paced world, people are not ready to wait till they turn into senior citizens to enjoy […]
