Study of Factors Influencing Investment Decisions in Mutual Fund Schemes
Periodic Research (P: ISSN No. 2231-0045 RNI No. UPBIL/2012/55438 VOL.-6, ISSUE-4, May-2018 E: ISSN No. 2349-9435)
Abstract
Suresh K. Mittal
Associate Professor, Haryana School of Business, Guru Jambheshwar University of Science and Technology, Hisar, Haryana, India
The present paper is an attempt to examine the factors influencing investment decisions in mutual funds schemes. The study is descriptive in nature based on primary data of 134 respondents from Haryana and NCR region. The t-test and ANOVA has been used in analyzing the factors influencing mutual fund investment decision. The study found that diversification and scheme expenses ratio were major factor which were considered by the investors at the time of mutual fund investment. It was also observed that male investors relatively more active toward mutual fund investments in comparison of female investors. The study also observed that the past performance, fund reputation and size of corpus were major factors which were preferred by the high income group investors. The ownership of fund and size of corpus were most preferable investment variables which considered by the mutual fund investors on the basis of educational level. But on the basis of occupation of investors, the past performance and fund reputation are the most influential factor affecting the investors’ preference towards the mutual fund investment. The study concluded that the demographic factors have the influence on investment decisions in mutual fund schemes.
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