The recent article in Economic Times happened to cover an article about Flipkart’s current valuation had crossed $20 billion. Sachin Bansal and Binny Bansal started this business with an investment of Rs. 4 Lakhs in 2007. But what if they were not able to arrange those funds at that time? Would this giant […]
Are Chit Fund Investments relevant for the Millennial Generation?
In the earlier blog, we highlighted some of the solutions that chit funds provide to people interested in engaging in an easy mode of savings as well as borrowings. But the question that many often ask is how safe it is to park your money in a privately-owned chit fund? True, this is […]
Chit Funds – augmenting void generated by the traditional banking system in India
Do you remember the last time you wanted to go on that exotic holiday and found yourself short on funds? And then the pain and the frustration of being turned down by a bank for a personal loan because they the lender did not view as a credible borrower despite you earning a six-figure salary […]
Give a fresh Start to your personal finances this Dussehra
The Hindu festival of Dussehra is actually a tradition that denotes the victory of good over evil. While it calls for celebrations and is considered to be that time of the year when people take a fresh look at life in general, many also see it as an opportunity to implement the concept for getting […]
Chit Funds: Which path will Gen X take?
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 […]
