Please advice me

Sanjay K Pal (Employee) (133 Points)

14 February 2012  

We the group of  9 friends like to form a platform where we like to deposit Rs. 500.00 per month each. The accumulated fund will invest so that risk will be minimum. In case of needs any body of our group will be able to take loan from that fund against interest. We like to give a ligal shape of this platform.

Which type of formation will be ligally beneficial to us ?