The investment landscape of India is evolving dynamically, with the constant emergence of new financial opportunities. Selecting the right investment plan amongst a host of options can be a challenge. This blog talks about the best investment plans available in the market, including long-term 5 year investment plans, offered by Margadarsi, the leading chit fund company of India.
At Margadarsi, we pride ourselves on being more than just a financial service provider; we are your dedicated partner in achieving financial stability and growth. Our extensive network of over 4,100+ employees and 18,000+ agents and development officers ensures that you receive efficient and timely service, with customer satisfaction at the heart of our operations.
Our diverse range of chit fund schemes, which vary from Rs. 1,000 to Rs. 1,00,00,000 and span durations of 25 to 50 months, caters to a wide array of financial needs and goals.
What are Chit Funds?
A chit fund is a savings and borrowing scheme where members contribute a fixed amount every month into a common pool. This pool is then auctioned off to members who bid for it. Margadarsi offers a diverse range of chit schemes ranging from Rs. 1,000 - Rs. 1,00,00,000 with a time duration of 25 - 50 months.
How Do Margadarsi Chit Funds Work?
The process of investing with Margadarsi is simple and can be divided into the following steps:
- Contribution and Collection: Each member/subscriber agrees to contribute a fixed amount of money on a monthly basis. This collected amount forms the pool of funds.
- Auction: Periodically, the total pool amount is made available for members to bid on. They can bid for the pool of funds, offering to accept a discount on the total amount in exchange for receiving the funds earlier.
- Bid Discount: The discount on the amount received is known as the "bid discount." The member who bids the highest discount rate receives the pooled funds.
- Distribution of Funds: The amount is distributed equally among all members of the chit fund.
- Monthly Payments and Adjustments: Members continue to contribute their fixed amount each month. If a member wins the auction and receives the pool funds, they pay the discounted amount. The discount received by the winning member is shared among all members as dividends, reducing their future contributions.
- Ongoing Cycle: The process repeats each period (e.g., monthly), with members continuing to contribute and participate in the auction or lottery until the chit fund’s duration ends. By the end of the scheme, all members have had the opportunity to benefit from the pooled funds as per their financial requirements.
Benefits of Margadarsi Chit Funds
There are numerous benefits of planning your investments with Margadarsi Chit Funds:
- Enables Savings and Borrowings: Provides a structured way to save regularly while also offering access to funds through an auction system.
- Good Yield of Dividends: Offers good returns through dividends, enhancing the overall value of your investment.
- Enables Early Withdrawal of Large Amounts: Members can access a substantial portion of the pooled funds even in the initial months, depending on the auction results.
- Not Affected by Market Conditions: Operates independently of market fluctuations, ensuring good returns regardless of economic changes.
- Requires Minimal Monthly Effort: Requires minimal management with contributions made monthly, making it easy to integrate into your financial routine.
Is Margadarsi Chit Fund Right for You?
If you're someone who is looking for a sophisticated investment plan for 5 years with a prospect of yielding good returns, Margadarsi Chit Funds should be your go-to.
Over the years, Margadarsi Chit Funds has established a reputation for reliability. Participating in our chit funds can help you plan for your financial future, offering flexible contribution options and the potential for great returns. With our experience and management expertise, Margadarsi Chit Funds can be a viable option for those considering a 5-year investment plan.
Choose Margadarsi to be Your True Friend
Investing wisely is a crucial part of managing your personal finances and requires careful research and planning. It’s essential to understand your long-term 5 year savings goals, evaluate financial risks, and clearly define your investment objectives before making any decisions.
Margadarsi Chit Funds stand out as a dependable option for those seeking both financial security and the potential for growth of their hard-earned money. With Margadarsi, you’re not just investing in a fund; you’re choosing a partner committed to supporting your financial journey. Trust Margadarsi to be a reliable ally in your path to success, because it’s not just a fund, it’s a true friend.
