Nidhi Company and Mutual Funds
Mutual Funds and Nidhi are two different companies. They differ in their object, the nature of the business and other things that follow. We will list a few difference to clear their difference.
Mutual Fund Society or Nidhi or Mutual Benefit Funds are one and the same. In fact, they have many other names also.
Differences – Nidhi Company and Mutual Funds
Develop a habit of savings and self-reliance among members
|To increase the wealth of depositors.|
|Nature of business||
Lending and borrowing among members. No involvement in the business of chit fund, hire purchase finance, leasing finance, insurance or acquisition of securities issued by any Body corporate.
|Acceptance of deposits and making investments.|
|Use of deposits||Lending to members.||
Making investments, carry on the business of chit fund, hire purchase finance, leasing finance, insurance or acquisition of securities issued by any Body corporate, etc
Get complete information on Nidhi Company Registration – Documents, Procedure, & Requirements.
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