Title: Risk perception of Indian women towards mutual funds investment decision

Authors: Sachita Yadav; Shubha Chandra

Addresses: Arun Jaitley National Institute of Financial Management, An Autonomous Institute of Ministry of Finance, GoI, M44 B, Adani Samsara, Sector 60, Gurgaon, 122011, India ' Garden City University, H. No. 18, Sixth Cross II Block, Akshay Nagar, T.C. Palya Main Road, Bengaluru, 560016, Bangalore, India

Abstract: This paper emphasises three important aspects, i.e., first is the risk perception of Indian women towards mutual funds investment decisions, second is to identify the factors which are affecting risk perception and third is to find out the significance of these factors on the overall risk perception and investment decision of Indian women. Primary data has been collected through a questionnaire. Various statistical tools like descriptive analysis, reliability tests, exploratory factor analysis, and regression analysis have been used to analyse the collected data. The empirical analysis depicted the fact that Indian women are having a moderate level of risk perception in taking mutual fund investment decisions. This paper contributes to the literature by examining the factors of risk perception impacting investment decisions and finding the three vital factors responsible for that, i.e., lack of knowledge, lack of confidence, and dearth of security.

Keywords: Indian women; investment decision; risk perception; mutual fund; factor analysis.

DOI: 10.1504/IJBIR.2026.153952

International Journal of Business Innovation and Research, 2026 Vol.40 No.2, pp.147 - 164

Received: 10 Aug 2022
Accepted: 05 Mar 2023
Published online: 09 Jun 2026 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article