Irrespective of gender, 41% are found low risk tolerance and 34%have high risk tolerance level. Investors prefers to invest in financial products which give low risk returns like PPF, FD, bonds etc.
Irrespective of gender, 41% are found low risk tolerance and 34%have high risk tolerance level. Investors prefers to invest in financial products which give low risk returns like PPF, FD, bonds etc.
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Irrespective of gender, 41% are found low risk tolerance and 34%have high risk tolerance level. Investors prefers to invest in financial products which give low risk returns like PPF, FD, bonds etc.
Direitos autorais:
Attribution Non-Commercial (BY-NC)
Formatos disponíveis
Baixe no formato DOC, PDF, TXT ou leia online no Scribd
v, 2003,investors demographic and risk capacity , the
objective of the study is to develop a profile of sample individual investor in term of their demographics and to know their risk tolerance level . He observed 150 sample by using chi-square methodology. He found that irrespective of gender, 41% are found low risk tolerance and 34%have high risk tolerance level. From his findings and solutions investors prefers to invest in financial products which give low risk returns like PPF, FD, bonds etc.
2. MacGregor, Slovic, Berry and Evensky (1999)focused on how
the financial decision-making process is linked to various aspects of investments/asset classes, specifically expert’s perceptions of returns, risk, and risk/return associations.
A survey was mailed to financial advisors in which, the 265
participants that responded were asked to provide their assessment of a series of 19 asset classes with 14 specific variables.
The main findings revealed with the utilization of multiple
regression analysis with perceived risk as the dependent variable revealed that three significant factors (worry, volatility, and knowledge) explained 98% r-square of the experts’risk perception. 1 3. Karthikeyan (2001) has conducted research on Small Investors' Perception on Post Office Saving Schemes and found that there was significant difference among the four age groups, in the level of awareness for Kisan Vikas Patra (KVP), National Savings Schemes (NSS), and Deposit Scheme for Retired Employees (DSRE), and the overall score confirmed that the level of awareness among investors in the old age group was higher than in those of the young age group. No difference was observed between male and female investors except for the NSS and KVP. Out of the factors analysed, necessity of life and tax benefits were the two major ones that influence the investors both in semi- urban and urban areas. Majority (73.3 per cent) of investors of both semi-urban and urban areas were very much willing to invest in small savings schemes in future provided they have more for savings.
4.Securities and Exchange Board of India (SEBI) and NCAER
(2000) 'Survey of Indian Investors' has reported that safety and liquidity were the primary considerations which determined the choice of an asset. Ranked by an ascending order of risk perception fixed deposit accounts in bank were considered very safe, followed by gold, units of UTI-US64, fixed deposits of non- government companies, mutual funds, equity shares, and debentures. Households' preference for instruments in which they commonly invested matched the risk perception. Bank deposits, which had an appeal across all income classes, and tax-saving schemes were preferred by middle-income and higher-income groups. There was a correlation between the income levels and investments of households in market-related securities.
5.sunaya khurana (2008) analyzed the customer preference in life
insurance industry in India . she had analyzed the customer preference regarding plans and company, their purpose of buying insurance policies, satisfaction level and their future plans for the new insurance policy.
6.Gupta L. C(1993) conducted a retail investor survey with 150
participants with the objective to provide data on investor preference on mutual funds and other financial assets.
7.Corter and chen, 2006, the success or failure of past investor
experience influences the tendencies of investors towards risk and risk perception, and further affects decision making behavior.
8. Investments are made with an avowed objective of maximising
wealth. Investors need to make rational decisions for maximising their returns based on the information available by taking judgements free from emotions. Investors' behaviour is characterised by over excitement and overreaction in both rising and falling stock markets. Most of the investments and financial theories (Steinbacher, 2008) are based on the idea that everyone takes careful account of all available information before making investment decision. This research is conducted to analyses the factors influencing the behavior of investors in capital market. Empirical evidence suggests that demographic factors influence the investors' investment decisions. This research article also investigates how investor interprets and acts on various capital market information to make informed investment decisions.
9. Gavini and Athma (1999) found that social considerations, tax
benefits, and provision for old age were the reasons cited for saving in urban areas, whereas to provide for old age was the main reason in rural areas. Among the post office schemes, Indira Vikas Patra (IVP), KVP and Post Office Recurring Deposit Account (PORD) were the most popular, in both urban and rural areas.
10.Tamilkodi (1983) has stated that small savings schemes have
a psychological appeal and it provides an opportunity for ordinary men, women, and even children to park their savings. It reaches a large number of people and covers a wide range of areas. She also suggested that efforts should be taken to simplify the procedure of small savings schemes to suit the needs of illiterate and socially downtrodden people. Further, she suggested an increase in the rate of interest of small savings schemes to meet the challenges of commercial banks.
Enotes:
1.Rajarajan.V (2003) “Investors’ Demographics and Risk Bearing
Capacity”,Finance India, Vol. XVII, No. 2, June 2003, pp.565-576.
2. MacGregor, D. G., Slovic, P., Berry, M., and Evensky, H. R.
(1999). Perception of financial risk: A survey study of advisors and planners. Journal of Financial Planning, 12, 8: 68-86. 3.Karthikeyan, B., (2001), 'Small Investors' Perception on Post Office Small Savings Schemes', unpublished thesis, Madras University, Tamilnadu, India.
4. NCAER, (1961), 'Savings in India', New Delhi. SEBI-NCAER,
(2000), 'Survey of Indian Investor', Mumbai
5.sunaya khurana (2008) , journal of behavioural finance, issue
44.
6.Gupta .L.C ,1993”International research journal of finance and
economics”vol 4pp-361
7.Corter and chen, Do investment risk tolerance attitudes predict
risk? Journal of Business and psychology, vol no3,pp381.
8. Shanmugasundaram, V and Balakrishnan, V., investment
decision making,behavioural approach , International Journal of Business Innovation and Research, Volume 4, Number 6, 3 October 2010 , pp. 584-597(14)
9. Gavini, Augustine, L., and Prashanth Athma, (1999), 'Small
Saving Schemes of Post Office Need to Be Known More', Southern Economist, 37(20), February 15, pp. 13-14.
10.Tamilkodi, A.P.P., (1983), 'Small Savings Schemes in Tamil
Nadu: A Trend Study (1970-80)', unpublished thesis, University of Madras, Tamilnadu.