To follow or not to follow, that is the question when it comes to Chit Funds today. There are over 10,000 registered chit funds in India. Most of these chit funds were started 5 to 6 decades ago. The first generation of chit fund owners have entered the management sector hence it will be interesting […]
Father’s Day tribute
This Father’s Day gives me the perfect opportunity to celebrate my father, Mr. Sridhar Alampalli, Director, Shanthala Chits, and all that he stands for and express my gratitude for all that he’s done for us over the years and in shaping the future of Shanthala Chits. There’s a famous adage, “A leader knows the way, […]
Grow Your Investments Without The Gamble
Small savers usually have a hard time disciplining themselves to invest a monthly amount, and those putting large amounts of money in banks are usually disappointed with the meagre interest they receive at the end. Chit funds are a great way to enforce a savings discipline, but most chit funds don’t guarantee interest at the […]
Are Chit Funds Worth The Risk? AND ARE THEY RIGHT FOR YOU ?
Chit funds stand out from other financial instruments because they are a combination of monthly participatory savings and a handy contingency fund. The idea of having an investment fund that you can borrow from when you need a little capital, without worrying about credit scores and filling in a lot of paperwork, seems too good […]
Unregulated Deposit Schemes, Chit Funds bills: PM Modi led Cabinet gives nod
These two bills are aimed at tackling the menace of illicit deposit taking activities in the country as well as facilitating the orderly growth of the chit funds sector. HomeMoney Unregulated Deposit Schemes, Chit Funds bills: PM Modi led Cabinet gives nod Unregulated Deposit Schemes, Chit Funds bills: PM Modi led Cabinet gives nod These […]
How much can you gain using Chit Funds?
Chit Fund has the option of being a personal loan, a recurring deposit and a kitty, based on consumers’ need. A chit fund is the only financial instrument that has the capacity of solving more than one financial agenda. For someone seeking a loan, it is a convenient credit which is difficult to avail from […]
Chit fund: Enabling the Safe Kitty for Empowered
As has become a rising trend in Indian small towns and countryside, every month, several small traders, farmers, workers, and most importantly and encouragingly, women, meet up with an agenda to pick one of their names out of a bag. Each time, the womenfolk have a kitty into which every affiliate puts 100 rupees (about […]
Learn how to detect safe chit funds
Chit Funds provides a healthy source of financing for different types of people. Ex – small investors, businessmen, small scale industrialists etc. It is a contingency plan which requires sufficient cash amount. It can serve various needs like desire for saving or borrowing for extraordinary needs like marriages, construction bills, hospital charges. Chit funds can […]
20 Reasons Why Shanthala Chits is Synonymous With Trust
Among the innumerable savings schemes in India, Chit Funds have been one that hasn’t had it easy. Although the primary kind of savings scheme for people since decades there have been various reasons for the decline of this segment, primary among them being the flourishing of disorganised financial schemes conducted by an unscrupulous few. Shanthala […]
You must gain control over your money or the lack of it will forever control you. –Dave Ramsey
Being financially secure is one of the main drivers for individuals to push themselves towards a better career, more growth and the urge to do better for themselves. Besides earnings and salary, savings are a major factor for financial security well into an advanced age. SB accounts and PPF’s have always been the first preference […]
