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Sudhabhagya  Chits Pvt. Ltd.  started its operations in the year 2011 with a single branch and has in a short span grown into a trusted household name for making Chits a viable form of saving and borrowing to all sections of the society.  Sudhabhagya  Chits  now has a turn over exceeding Rs. 100 Cores. Sudhabhagya  Chits  operates in Maharashtra, where it has a reputation for timely disbursement of funds and excellent customer service which differentiates it from other companies. Using state of the art Computer Systems / Networks and a transparent accounting system. Sudhabhagya  Chits  have transformed this contemporary method of Savings into an attractive personalized alternative to the Banking System.

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Mr.  Sudhakar  B.  Laghane Managing Director

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Mission- To endeavor - Safe, Secure, and Simple Financial Investment Options To enable - Schemes suiting customers of every type. To engage - Customers by understanding their financial business planning To provide a 'Safe and Secure Financial Investment Option' to choose from. To educate the people with financial planning about chit fund investments and borrowings to  financialy  grow higher goals. Vision-  Systematically scale-up in value chain by Consistently Supporting Customers with Customized Financial Service To be the most trusted Financial Chit Fund Companies in India. To contribute to the growth of our great nation.

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What is a Chit? It is a CONTRACT between the foreman, as the Promoter is called, and the subscribers, who join voluntarily. It is a FINANCIAL SYSTEM under which the periodical and regular savings of a group of subscribers are made available to each subscriber, a SPECIFIED AMOUNT every month ( instalment ) for a SPECIFIED PERIOD. The Pooled funds every month are offered to the subscribers at monthly AUCTIONS and the subscriber who BIDS for the highest DISCOUNT is declared the PRIZE WINNER and given the PRIZE AMOUNT on proper security. A Prized subscriber also should continue to pay the subscriptions till the termination of the chit. The amount foregone as discount, less  foreman?s  commission is distributed among the subscribers as dividend.

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The following illustration will explain how a chit works. There is a new chit group that is commencing. The value of the chit is  500,000 . This amount is known as the  Chit Value . For the purpose of this illustration, we will consider the duration of the chit to be  50 months.  This is known as  term period  for the chit group. The Foreman or Chit Fund Company has to gather  50 people  who are interested in investing in this chit group. These 50 persons are called  Subscribers. Once the chit group commences, the foreman has to register the chit with the registrar of chits. He has to pay 100% of the chit value as security. This amount can be withdrawn only after the said chit group closes and every subscriber is paid what is due to him or her. This regulation protects the interests of the subscriber to a certain extent.

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The amount to be saved every month by the Subscriber is Chit value/No of person's i.e. 500,000/40 = 12,500. This is also known as  Monthly Subscription.  It may be noted here that the number of persons investing in a chit and the duration of the chit is always the same. The maximum monthly contribution or  Subscription Amount  that a Subscriber will pay is 12,500. The Subscriber does not always pay the entire Subscription amount every month. Let us find out how and why he does not have to pay the entire amount. The maximum discount or maximum bid permitted ranges from 5% to 40%. For the purpose of this illustration we will assume that a Subscriber has bid 40% of the chit value. 40% of 500,000 is 2,00,000. This amount is known as  Chit Discount. foreman charges 5% of chit value as commission. In this illustration, that would amount to 25,000. This is deducted from Chit Discount i.e. 2,00,000-25000=175,000. This amount is available for equal distribution among the subscribers.

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In our example, 175,000 would be divided equally among 40 subscribers. Each subscriber would get a discount of 150,000/40 = 4375. This amount is known as  Dividend. In the following month, all subscribers would have to only pay 8125 instead of 12,500. This is because they have earned a chit discount of 4375. Depending upon the competition within the chit group the discount percent would vary. The least discount would be 5% which is the foreman's commission. The bidding process will continue until the end of the chit period. In this manner, the subscribers can borrow more than what they paid in the first half period of the chit term and save their money if they decide wait further into the chit period.

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Since-2011
SUDHABHAGYA
Act-1982
chits pvt. ltd
FULL FIL YOUR DREAMS
Complete Transparency at Every step
(Incl Regulatory Approvals and Legal Documentation)
o
Sudhåbnagya
tiits
s'
MY Chits
•w.sudhabhagyachifin MY Account CODY
O
MY Profile
MY Outstanding
O
Newly Group
WiSE INVESTMENT FOR BETTER BORROWiNq
SR.NO.
01
02
03
04
CHIT VALUE
MONTH
50TH
50TH
30TH
40TH
INST AMT.
50,000/-
30,000/-
50,000/-
12,500/-
Note: Bidding is Discounted Amounted is paid from Discounted Amount. As Against
Chit value 5% to 40% Bidding is allowed. Dividend Varies as per bidding.
Low Interest
Mobil Apps.
Safely & Higher Return Online Payment
Regulated by Central Govt.act 1982 Chit fund
Office Add.: Lucky Raj Complex, 2nd Floor, Above Indian Overseas Bank,
Opp.S.F.S. School, Jalna Road, Aurangabad. 431 001 (M.S.)
Contact: 9823922228, 9923600015 Ph.: 0240-2363177 www.sudhabhagyachits.in

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ICONIC BRAND OF THE YEAR AWARD BEST CHIT FUND COMPANY IN MARATHWADA REGION AWARDED BY 94.3 MY FM.

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Slide 1

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 Sudhabhagya  Chits Pvt. Ltd.  started its operations in the year 2011 with a single branch and has in a short span grown into a trusted household name for making Chits a viable form of saving and borrowing to all sections of the society.  Sudhabhagya  Chits  now has a turn over exceeding Rs. 100 Cores. Sudhabhagya  Chits  operates in Maharashtra, where it has a reputation for timely disbursement of funds and excellent customer service which differentiates it from other companies. Using state of the art Computer Systems / Networks and a transparent accounting system. Sudhabhagya  Chits  have transformed this contemporary method of Savings into an attractive personalized alternative to the Banking System.

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 The following illustration will explain how a chit works. There is a new chit group that is commencing. The value of the chit is  500,000 . This amount is known as the  Chit Value . For the purpose of this illustration, we will consider the duration of the chit to be  50 months.  This is known as  term period  for the chit group. The Foreman or Chit Fund Company has to gather  50 people  who are interested in investing in this chit group. These 50 persons are called  Subscribers. Once the chit group commences, the foreman has to register the chit with the registrar of chits. He has to pay 100% of the chit value as security. This amount can be withdrawn only after the said chit group closes and every subscriber is paid what is due to him or her. This regulation protects the interests of the subscriber to a certain extent.

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 The amount to be saved every month by the Subscriber is Chit value/No of person's i.e. 500,000/40 = 12,500. This is also known as  Monthly Subscription.  It may be noted here that the number of persons investing in a chit and the duration of the chit is always the same. The maximum monthly contribution or  Subscription Amount  that a Subscriber will pay is 12,500. The Subscriber does not always pay the entire Subscription amount every month. Let us find out how and why he does not have to pay the entire amount. The maximum discount or maximum bid permitted ranges from 5% to 40%. For the purpose of this illustration we will assume that a Subscriber has bid 40% of the chit value. 40% of 500,000 is 2,00,000. This amount is known as  Chit Discount. foreman charges 5% of chit value as commission. In this illustration, that would amount to 25,000. This is deducted from Chit Discount i.e. 2,00,000-25000=175,000. This amount is available for equal distribution among the subscribers.

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