Let’s start something big together.
A transaction is not a chit within the meaning of this clause.
What are the Chit Fund Benefits
Benefits of Chit Funds
Flexibility
There’s a lot of flexibility in terms of the amount of contributions towards chit funds, as well as the timing and size of the prize or loan disbursements.
Affordability
Chit funds typically have low contribution requirements, making them an affordable option for people with limited income.
Convenience
Chit funds are often conducted entirely online, which makes it easy for participants to manage their accounts and make contributions.
Credit
Chit funds can provide an alternative source of credit for people who may not qualify for traditional loans due to lack of collateral or credit history.
Investment Opportunity
Chit funds can also be used as a way to save and invest money over the long term, as the value of the fund grows with each contribution.
What is a Chit Fund?
How Do
Chit Funds Work?
Let’s understand the concept of chit funds using an example.
Suppose 5 people come together to start a chit fund scheme. Each one pays Rs. 2,000 once a month for 5 months (Number of people in a scheme = Number of months). Under this group, there’s an organiser who looks after auctions and meetings. He would impose an organiser fee.
Why Manobheeshta?
At Manobheeshta Chit Fund Pvt. Ltd., we believe in turning your financial dreams into reality. Our name, “Manobheeshta,” encapsulates our mission – to empower the aspirations of humanity.
Our mission & vision
To be the catalyst in realizing financial aspirations and fostering a secure future for every individual.
Our Journey
We have been on a relentless pursuit of providing financial solutions that resonate with the dreams and goals of individuals & families.
Do not save what is left after spending, But spend what is left after saving.
