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Does demographic factors affect investment on mutual funds? - A study of employees of Bhel, Ranipet Unit
A. Senthamizhselvi,
Published in IAEME Publication
2018
Volume: 9
   
Issue: 9
Pages: 21 - 31
Abstract
Indian mutual fund industry experiences a tremendous growth due to savings and investment behaviour of individuals as well as growth in infrastructure, habit of saving and investing. In current day market, mutual funds act as an important savings vehicle for most people in developed countries. Present research helps to identify the critical gap to understand the mutual fund investor's behaviour towards various investment avenues with the help of demographic factors. The study was conducted among BHEL employees of various departments by using structured questionnaire to know and understand whether there is any significant influence of investor's towards mutual fund investment or not. For this the researcher applied stratified random sampling technique to select the sample and data is collected. After understanding the demographic diversity of the sample, their relationship to investing on mutual funds is tested applying statistical tools such as correlation and Pearson's regression analysis and inferences are drawn. © IAEME Publication.
About the journal
JournalInternational Journal of Mechanical Engineering and Technology
PublisherIAEME Publication
ISSN09766340