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 […]
Chit funds Vs other Investment tools – how do they rate?
Paper money was invented as a financial instrument in exchange for goods and services around the 7th century in China. Since then various instruments of expenditure, lending, and investment of money have come into being. Bank deposits, equity shares, mutual funds, debt instruments, pension funds, chit funds and so on. An average citizen approaches the […]
Annual Budget FY2020-21: How Small Investors Can Secure and Grow Their Financial Holdings
The enormous annual budgetary exercise by Government of India has begun for the Financial Year 2020-21. India is the fastest-growing trillion-dollar economy in the world and the fifth-largest overall, with a nominal GDP of $2.94 trillion. So our budget planning is a vast and complicated exercise involving several stakeholders – government, industries, bankers, investors, borrowers, […]
Did you know about Japanese budgeting method – Kakeibo, for better money management?
With Makara Sankranti, a long and lovely holiday season comes to a grand close. Now it’s time to gear up for the new year ahead. Business goals, final exams and financial year end targets are going to be the main focus areas. With all the festivities coming to an end for the year, family expenditure […]
What you need to Know about Chit Funds (Amendment) Bill, 2019?
Landmark legislation passed for the Chit fund industry – Ushering in a new era of credibility and financial inclusion On November 20, 2019, the Indian parliament unanimously passed the Chit Funds (Amendment) Bill, 2019 that is aimed at setting up a mechanism to ensure transparency in chit fund schemes, protect subscribers and regulate the […]
