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Chit Fund Calculator

Monthly Installment, Dividend & Net Savings per Win Position

Each month one member wins the auction and receives that month's prize. The discount (chit value − prize) minus the foreman's commission is shared as dividend among the eligible members. Enter a prize for every month below, then see each win position's net savings.

Monthly Installment

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Avg Dividend / Member / Month
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Last Person (final month)

Prize Received
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Dividend Earned
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Total Paid
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Net Savings
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Effective Return
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How is the last person's outcome calculated?

Best Position

Win Month
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Net Savings
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Worst Position

Win Month
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Net Savings
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If You Never Win

Total Dividend Received
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Total Paid
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Net Outcome
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If you never win an auction, you keep paying installments and only collect dividends — your capital funds the winners' prizes, so the outcome is usually negative.

Month-wise Prizes (edit each month)

Month Installment Dividend / Member Net Outflow Prize (edit)

Type a prize for any month. Use “Apply to all months” to set every month to one discount %. The dividend, payout summary and per-position table update live.

Frequently asked questions

How is the monthly installment calculated?
The chit value is divided equally among all members, so each member pays that share every month for the full tenure. The tenure is the number of months the chit runs (often equal to the number of members).
What does the effective annual return mean?
When you win, you receive the prize amount (chit value minus the discount) while paying smaller, dividend-adjusted installments. The effective return annualises that cashflow into a comparable yearly rate (MIRR, assumed 6% p.a.).
Why does the last person often do best?
Under the standard rule, members who haven't won yet share each month's dividend. The last winner has collected dividends in every earlier month and still receives a prize, so their net savings are usually the highest.