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How does chit fund work with example?

In short chit funds are saving cum borrowing schemes, where member or subscriber agrees to contribute fixed amount every month for the fixed period. The total amount contributed by subscribers shall be auctioned and given as prized money to needy subscriber every month.

Good investment

A chit fund is a good savings instrument for small investors and brings discipline in investments. It can be a reliable source of funds in an emergency.


Plan your finances such that you meet every contingent expense without feeling pressured.


A chit is the only financial product that allows you to save and borrow. Borrow with lesser hassles.


Sri Skandaguru chits is your trustworthy, safe and reliable companion to help you reap maximum benefits from investing in a chits.

Skandaguru is the sign of Hope

Makes many reach their goal. They make their dreams come true. The Sri Skandaguru Savings Plan is a very effective and promising activity.

Most Trusted

Sri Skandaguru Chits has been trused above 25 years and is the most safest as registerd chits company

Large choice of Chits

Our plans are subsciber friendly and have been designed keeping you in mind so you can decide on the amount from our wide range of choice that suits your financial goals

Freedom to Buy a Home

Whether it’s the down-payment or the full amount, design the goal and leave the rest to us.

Why You

Choose Sri Skandaguru Chit Fund


Good dividend is available

Not Affect

To be affected by market conditions


All of a sudden, even when you need money, you are able to receive a lump sum according to plan.


The opportunity to make your dream come true through savings

1.  It is never too early to encourage long-term savings. – Ron Lewis.

2.  Save one-third, live on one-third, and give away one-third. – Angelina Jolie.

3.  A bargain ain’t a bargain unless it’s something you need. – Sidney Carroll.

4.  If you would be wealthy, think of saving as well as getting. – Benjamin Franklin.

5.  Personally, I tend to worry about what I save, not what I spend. – Paul Clitheroe.

6.  A penny saved is a penny earned. – Benjamin Franklin.

7.  If saving money is wrong, I don’t want to be right. – William Shatner.

8.  When you have money, think of the time when you had none. – Japanese Proverb.

9.  All days are not same. Save for a rainy day. When you don’t work, savings will work for you. – M.K. Soni.

10. A simple fact that is hard to learn is that the time to save money is when you have some. – Joe Moore.

11. Never spend your money before you have earned it. – Thomas Jefferson.

12. Wealth consists not in having great possessions, but in having few wants. – Epictetus.

13. The way to build your savings is by spending less each month. – Suze Orman.

14. You must gain control over your money or the lack of it will forever control you. – Dave Ramsey.

15. The art is not in making money, but in keeping it. – Proverb.

16. A wise person should have money in their head, but not in their heart. – Jonathan Swift.

17. When the purse becomes empty, the mind becomes full of issues. – Ernest Agyemang Yeboah.

18. Don’t build a glass house if you’re worried about saving money on heating. – Philip Johnso.n

19. There is a gigantic difference between earning a great deal of money and being rich. – Marlene Dietrich.

20. The quickest way to double your money is to fold it in half and put it in your back pocket. – Will Rogers.

21. Money is something you have to make in case you don’t die. – Max Asnas.

22. Money and women are the most sought after and the least known about of any two things we have. – Will Rogers.

23. A man who both spends and saves money is the happiest man, because he has both enjoyments. – Samuel Johnson.

24. Money is like a sixth sense – and you can’t make use of the other five without it. – William Somerset Maugham.

25. Money is a guarantee that we may have what we want in the future. Though we need nothing at the moment it insures the possibility of satisfying a new desire when it arises. – Aristotle.