The emerging mutual fund industry in India: an impact analysis of investors' awareness on investment behaviour Online publication date: Tue, 22-Dec-2020
by Sodi Jasbir Kaur; Jehangir Bharucha
International Journal of Business and Globalisation (IJBG), Vol. 27, No. 1, 2021
Abstract: India has more than 1.2 billion people, yet, a mere 3.5% are mutual fund unit investors. This study attempts to explore investors' awareness, perception and experiences towards mutual funds in the Indian city of Indore. The sample size covered 300 investors in Indore who were spread throughout the city and its suburbs. A series of chi square tests were conducted on the data. Out of the respondents, 68 are not even aware of mutual funds and of the 196 respondents who are aware of mutual funds, only 68 (34.69%) have invested in mutual funds. The fixed deposits of banks are the most preferred channel of investment. This study has shown that investment in mutual funds is more often influenced by qualifications, occupation and income. The issue of low penetration of mutual funds can be by increasing the level of financial literacy of Indian investors.
Online publication date: Tue, 22-Dec-2020
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business and Globalisation (IJBG):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email firstname.lastname@example.org