How It Works
A simple, transparent way to save and access lump sums
A chit fund combines disciplined monthly savings with the flexibility of receiving a lump sum when you need it.
The process
6 steps from joining to completion
Choose a chit plan
Pick a chit value and duration that fits your goal and budget. Our advisor helps you match the right scheme.
Join the chit group
Complete simple documentation. You become a member of a group of contributors for that scheme.
Pay monthly instalments
Every month you contribute a fixed amount along with all other members in the group.
Participate in the auction
Members bid for the prize amount each month. The winner accepts a discount from the chit value.
Receive prize or dividend
The winner receives the prize amount. The discount minus commission is shared as dividend to all members.
Complete the plan
Continue paying until the cycle completes. Every member eventually receives the prize at some month.
Ready to plan with clarity?
Use our calculator or talk to an advisor for a personalised recommendation.