INDIVIDUAL FINANCIAL PORTFOLIO TO CHANNELIZE CAPITAL AMOUNT WITH REFERENCE TO CHIT FUNDS AND PERSONAL LOAN

The concept of standard of living has played a very important role in the life of an individual, financial planning to keep up with the pace of standard of living has been highly discussed topic off late. The paper focuses on such planning based on the options available to an individual who has sufficient fixed assets to pledge/ mortgage either to borrow or to claim the chit funds regulated by the government. The data is based on secondary sources and the available data is converted as per requirement to apply the financial tool to arrive at meaningful conclusions. The data is collected from different sources; conversion is made considering the prevailing economic scenario in the country by considering the prevailing interest rate for borrowing of personal loan and prevailing inflation to calculate the present values of the currency.