AN IN-DEPTH OPINION ANALYSIS ON THE GENERAL PUBLIC ABOUT CHIT BUSINESS AT SELECTED DISTRICTS IN TAMILNADU

Management

Chit Funds are indigenous financial institutions in India that combines credit and savings in a single scheme. "Chit" means a transaction (whether called chit fund, chit, kuri or by any other name), by which the foreman enters into an agreement with a number of subscribers that everyone of them shall subscribe a certain sum for a certain period and each subscriber in his turn as determined by lot or by auction, shall be entitled to a prized amount. An investment is a commitment of funds made in the expectation of some positive rate of return. Investors who are investing in stocks, bonds and mutual funds now have chit fund as an alternative means of investment. But there are a number of reasons an individual investor to invest in Chit funds. Chit Fund is an attractive Investment Option which caters to people from all walks of life. It is especially beneficial to the Households, Salaried Class, Professionals, Businessmen and Self Employed. In this study find out the active chit fund companies in Tamilnadu and chit funds opinion from general public especially those who known about chit funds but not committed it and how many people’s are not aware chit funds yet.

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