Reach Your Dreams Faster: Saving with Chits

Have you ever glanced at your bank balance and thought, “Surely, there’s a more efficient approach?”

Let’s be honest, who wouldn’t want their savings to magically multiply? 

But unless you get lucky and find a hidden treasure, growing your money takes some planning and smart moves.

Don’t worry, this isn’t rocket science. 

Making smart investments doesn’t have to involve a stockbroker or mountains of paperwork. Though there is no one-size-fits-all investment approach, with some careful planning and wise decisions you can make your cash grow. 

We’re all on the lookout for ways to make our money work harder for us. But with stocks seeming like a gamble, mutual funds feeling mysterious, fixed deposits offering snail-paced growth, and real estate requiring a small fortune, investment can feel like an uphill battle.

Different investment options come with different levels of risk and potential rewards. The best choice of investment for you depends on what you want to achieve financially, how much risk you’re comfortable with, and how long you plan to invest. Even with just a basic understanding of financial products, there are plenty of smart investment moves you can make. So, grab a cup of coffee, and let’s dive into the world of smart investment!

What is a smart investment? 

A smart investment is not about getting lucky or trying to hit the jackpot. It means making careful and well-informed decisions with your money to grow it over time while keeping risks low. Smart investment involves doing your homework to understand where you’re putting your money, spreading your investments across different areas to avoid big losses, and planning the investment for the long haul instead of trying to get rich quickly. Don’t forget to stay on top of market trends and your investment goals. Regularly review your investments to make sure they’re still the right fit for you.

Before deciding on investment options, educate yourself. The more you know, the better equipped you are to make decisions that grow your money. Focus on investments tailored to meet your specific needs in order to achieve your future financial objectives.

How much should you invest?

Well, it depends on your goals!  Are you putting money aside for your retirement, or do you have a more immediate financial goal in mind? How much money comes in each month, and how much goes out towards bills and living costs? Are you looking for potentially higher returns from your investment in the long term or comfortable taking risks? Once you’ve nailed these details, you’re ready to pick the perfect investment amount. A common starting point is to invest 10-20% of your income. While this can be a good rule of thumb for investment, it still may not be right for everyone.
The key is to start investing early and consistently, and to stay invested even when the market goes down.

Understanding Your Investment Goals

Before jumping into specific investment options, it’s essential to outline your investment objectives clearly. Are you aiming for an investment for short-term goals, such as a vacation, or are you focused on long-term investments like retirement? For short-term investment goals, prioritizing easy access to funds is crucial, while for long-term investment objectives like retirement, emphasizing growth potential becomes more significant.

For a better understanding of investment, consider when you will need the money, how comfortable you are with potential losses of your investment, and how much you can invest regularly or as a lump sum.

Once you have a clearer picture of your investment goals, you can explore different investment options that align with them.

A Look at Various Investment Paths

Let’s dive into some of the main investment options available, each with its own unique characteristics and the risks associated with each type of investment.

Potential Stock Investment Pitfalls to Avoid

Let’s explore stocks as an investment option and the risks associated with it. Investing in stocks can be exciting because this investment option offers high potential returns, but the investment also comes with higher risk. First up, stocks can be as unpredictable as the weather. One day, your shares might shoot up high like a kite in a gusty wind, and the next, they could drop faster than a lead balloon. 

Consider stocks as small fragments of ownership in a company. When the company performs positively, the stock price tends to increase, offering the opportunity to sell for a potential profit. But, stocks can be highly volatile, with prices sometimes changing drastically within short periods. Companies are not obligated to pay dividends, and they can cut or eliminate dividends at any time, which will affect your income from your investment. The performance of individual stocks can be affected by factors specific to the company, such as management decisions, financial performance, product recalls, or scandals.  If the company you’ve invested in messes up – like a product flop – your shares could take a nosedive. 

Plus the value of stocks can fluctuate due to changes in the overall market conditions, influenced by economic downturns, political instability, and unexpected events like pandemics. Some stocks may not be easily sold without a significant drop in price, especially those of smaller or less well-known companies. Even if your shares seem to be doing well, inflation can creep in quietly, slowly eating away at the value of your returns over time.

Mutual Funds: Are They Safe Investments

Now, let’s chat about the wild world of mutual fund investment. Investing in mutual funds can be thrilling, no doubt about it. But it’s crucial to be aware of the risks to protect your investments. Mutual funds are like mixed bags of investments containing stocks, bonds, or other stuff, and they can be as risky as picking individual stocks. How well they do depends mostly on the people running them, and if they’re not doing a good job, you might not make much money. In addition, various fees such as management fees, sales charges, and other expenses can reduce your investment returns.

FDs & RDs: Investment Risks 

Investing in Fixed Deposits (FDs) and Recurring Deposits (RDs) is usually seen as a safe option compared to other investments, but they aren’t without risks.  There is interest risk involved. Imagine you lock in an FD interest rate for a few years. If interest rates in the market go up in the meantime, you could be earning more elsewhere.  Another thing to consider is the liquidity risk. That means you can’t easily withdraw your money from FDs or RDs before they mature. If you need the money early, you might have to pay a penalty or get a lower interest rate.  There’s also inflation to think about. Inflation refers to the gradual increase in prices of goods and services over a period of time. If your FD or RD interest rate is lower than the inflation rate, your money actually loses buying power over time.  But don’t worry, there is a reliable method to not only grow your wealth but also shield it from unforeseen risks. It’s more than just financial growth; it’s about securing your assets.   

Have you ever considered investing in chit funds? People tend to think of them as old-fashioned, but it’s more than just investment; it’s about securing your assets. Did you know Chit funds can offer really high returns, sometimes up to 12%?  It’s definitely worth considering!

Why Chit Fund is a Smart Investment Move

Forget ups and downs in the market, chit fund aren’t affected by that. They’re pretty stable because they’re not affected by changes in interest rates. It’s simple to join, save, and even borrow money if you need it. Depending on the chit fund, you might be able to get your money earlier. Plus, you can also get a chance to access a bigger amount of money when it’s your turn.  Chit funds let you use the funds for whatever you need, be it starting a business, covering educational costs, tackling medical bills, or even growing your wealth through investments. It’s your money, your decision.

“Chit funds, when managed properly, can yield returns that are on par with or even exceed those of conventional savings accounts and fixed deposits.” – N. Srinivasan, Economic Analyst.

Contrary to popular belief, Chit funds often offer higher returns compared to traditional savings accounts and fixed deposits. The dividend received from the bid amounts adds to the effective returns on your contributions. Chit funds can be an accessible form of investment for those who might not have access to formal banking and credit facilities.

Smart Tips to Maximize Returns from Chit Funds

Learn about the different kinds of chit funds and always choose a registered chit fund that has a history of good performance and positive reviews from current or past members. This is a crucial step to ensure your investment is safe. 

Pick a chit fund with a subscription amount that you can comfortably afford and that fits your financial situation and risk level. To ensure stable returns on your investment, consider joining multiple chit funds with different amounts and time durations. Use online platforms that facilitate chit fund participation and management. These platforms often provide better transparency and ease of use.

The Takeaway

In the world of investment, informed and strategic decisions are the key to maximizing returns. Chit funds, when chosen wisely and managed effectively, can be a smart investment move to maximize your returns. They offer a unique blend of savings and credit, high potential returns, and flexibility. So, delve into the world of chit funds, make informed choices, and watch your investments grow. Which investment strategy is your go-to? Share your tips in the comments!

Fill the Form

We happy to assist you!

Job Description

Female Host

Experience: 2+ Years

Qualification: Any Degree 

Roles and Responsibilities

  • Host video programs or shows, presenting content in an engaging and entertaining manner.
  • Respond to viewer requests, dedications, and comments, and interact with the audience through social media or other online platforms. 
  • Collaborate with the production team to create and produce engaging video content, including special segments, interviews, or behind-the-scenes footage.
  • Adhere to channel guidelines and regulations regarding content, language, and broadcasting standards. 
  • Attend promotional events, live broadcasts, or public appearances to interact with viewers and promote the channel or program.

Desired Candidate Profile

  • Excellent verbal communication and presentation skills, with the ability to engage and captivate an audience. 
  • A confident and vibrant personality with a passion for entertaining and connecting with people. Comfort and ease in front of cameras, microphones, or live audiences. 
  • Strong knowledge and interest in music, popular culture, and entertainment trends. 
  • Ability to research and gather information quickly, organizing it into interesting and engaging content. 
  • Familiarity with broadcasting equipment and software, including audio/video editing tools (if applicable). 
  • Professionalism and the ability to handle sensitive or controversial topics with tact and sensitivity. 
  • Availability to work flexible hours, including early mornings, evenings, weekends, or holidays, depending on the nature of the role. High level of professionalism, integrity, and ethical conduct in all interactions.

Note: This job description is gender-specific as requested. However, it is important to ensure equal opportunity and non-discrimination in the hiring process.

Join our Team!

We always welcome talented minds as a part of our Family!!

Job Description

Video Editor

Experience: 2+ Years

Qualification: Any Degree 

Roles and Responsibilities

  • Ultimately, as a Video Editor, you should be able to bring sight and sound together in order to tell a cohesive story
  • very good at Premier Pro, after effects and other video editing tool.
  • Should have keen knowledge of social media trends to make videos more engaging and interesting.
  • knowing colour grading is additional perk.
  • Edits videos to targeted length and specifications
  • Handles and organizes raw and edited video files
  • Exports videos and facilitates mobile and web distribution
  • Shoots video and produces content as necessary
  • Explores different versions and directions
  • Ensures compliance with highest journalist standards
  • Adjusts formats and file sizes as needed

Desired Candidate Profile

  • Proven work experience as a Video Editor
  • Solid experience with digital technology and editing software packages (e.g. Avid Media Composer, Lightworks, Premiere, After Effects and Final Cut)
  • Demonstrable video editing ability with a strong portfolio
  • Thorough knowledge of timing, motivation and continuity
  • Familiarity with special effects, 3D and compositing
  • Creative mind and storytelling skills
  • BS degree in film studies, cinematography or related field

Join our Team!

We always welcome talented minds as a part of our Family!!

Job Description

Content writer

Experience: 1+ Years

Qualification: Any Degree 

Roles and Responsibilities+

  • Work with content strategists to build editorial calendars
  • Collaborate with team members to ensure alignment and consistency in branding, style, and messaging
  • Strong attention to detail
  • Ability to meet tight deadlines
  • Creative and strategic thinking skills

Desired Candidate Profile

  • Proven experience as a content writer 
  • Ability to collaborate with other writers and DM team
  • Compelling writing style, voice, and tone
  • Portfolio of relevant writing samples
  • Research industry-related topics (combining online sources and studies)
  • Write clear marketing copy to promote our products/services
  • Prepare well-structured drafts using Content Management Systems
  • Proofread and edit blog posts before publication
  • Promote content on social media
  • Identify customers’ needs and gaps in our content and recommend new topics
  • Ensure all-around consistency (style, fonts, images, and tone)
  • Should be able to write content in Tamil and English 

Join our Team!

We always welcome talented minds as a part of our Family!!

Powered by Kopuram Chits Private Limited

Job Description

Senior Software Engineer

Experience: 5 – 10+yrs

Qualification: Any Degree 

Roles and Responsibilities+

  • Design implement and support highly scalable applications and web services using Microsoft technologies (ASP.NET, MVC, C#, SQL Server, Windows Forms, Web API/Rest API)
  • Front-end development using Angular 8 or above
  • Candidates should have the ability to train and work along with development teams to ensure timelines and quality deliveries.
  • Participate and contribute to project estimations, system architecture and performance engineering of projects
  • Work with the quality assurance team to ensure that the software is fully unit tested, can be performance tested, and passes quality requirements

 

Desired Candidate Profile

  • Minimum 5+ years of experience in developing applications on the .NET platform using Angular as front-end.
  • Experience in Web application Architecture and Development with hands on expertise in delivering solutions based on/customizing ASP.Net 4.0 / MVC and above.
  • Strong understanding of OOPS fundamentals, Entity Framework, LINQ and REST APIs.
  • Good knowledge of SQL Server.
  • Experience in Azure
  • Good to have: .NET Core, ASP.NET Core MVC
  • Proficient understanding of code versioning tools (TFS/SVN/Git).
  • Proficient understanding of build/DEPLOYMENT/release management processes.
  • Must have experience of working in Agile/Scrum environment.
  • Must possess very good logical, analytical and communication skills.

Join our Team!

We always welcome talented minds as a part of our Family!!