Our Chit Schemes
Discover the Diversity in our Chit Funds, offering a range of options to suit your financial goals and preferences.
Monthly Subscription Amount
No of Months/ Installments
Total Chit Value
We, Shri Shimavahini Chit Funds (P) LTD are the pioneers in introducing the concept of Fraction chit in India
A fraction chit is an unique type of chit funds where the value of the chit is divided into fractions, each representing a different monetary value. Subscribers can buy any number of fractions they want, and at the end of each period of the chit cycle or during any chit auction, the participant holding that fraction receives the prize amount. The amount that a participant receives at the auction is proportional to the number of fractions they hold. Fraction chits are often used by those who do not need the full value of the chit but would like to participate in the chit funds for a smaller amount.
Example of fraction chit: