Chit Funds – How much Profit percentage you will get from it?
People from Andhra Pradesh and Telangana cannot resist themselves from Chit Fund investment. Here, in this article, I tried to explain the profit percentage that you will get. Chit funds are native (local) financial institutions in India. The system caters to financial needs by combining processes of credit and saving in one scheme. The chit funds are the Indian equivalent of Rotating Savings and Credit Associations (ROSCA). Commonly called “Save and Borrow” schemes in India. I have seen people investing in a chit to clear an existing loan, to buy a home and even for child marriage. Some people invest in …
Investment delay-How many crores you will lose?
An investment delay will cost you very much. You may lose crores of wealth also in the long run. In this article, I will explain how many crores you will lose with an example. Case Study for Investment Delay… There are two persons, Ram and Shyam, whose age is 23 years. Both got a job recently, and the salary per month is Rs 50,000. The salary growth rate expected is 5% every year. Both of them can save up to 20% of the salary per month (Rs. 10,000). But only Ram started doing investments of Rs. 10,000 per month. While …
