Chit Model, Chit Fund Structure, Chit Auction, Chit Contribution, Chit Subscriber

Chit managers
•According to the chit managers,
the registration of chit funds
ensures more transparency and
accountability in its operations,
which in turn helps to boost the
confidence of the members.

Registered Chit Fund
•The risk involved in a registered
chit fund is far less than in an un
registered fund, even though the
cost involved is higher. And of
course, in case of defaults by the
parties involved, there is the
possibility of legal recourse.

support@websoftex.in
http://chitfundsoftware.in
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Local Chit Funds
•On steps the consumer affairs
department is taking to deal with such
cases, a senior official of the department
sounded helpless, saying, "If you buy a
fridge and you are facing a problem then
we can solve the matter. But in these
cases of local chit funds we have nothing
much to do."

Should you invest ?
•Overall, chit funds are not
recommended unless it’s a person
group formed by friends and relatives
whom you trust a lot. I don’t think one
should put money with chit funds
which are not among their social circle.
It might make sense for people in
smaller cities to look up to them.

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•Mobile-
•Skype–

# 240/A, 3rd Cross,
Mathikere,
Bangalore - 560 054,
Karnataka, India.