Analysis of Investment Pattern of Mutual Funds Investors – An Empirical Study in Orissa

GITAM Journal of Management, April 2013, ISSN: 0972-740X, Issue. Vol. 11 No. 2, pp 192-207

22 Pages Posted: 20 Aug 2015

See all articles by Suman Chakraborty

Suman Chakraborty

Department of Commerce, Manipal Academy of Higher Education

Sabat Digal

Utkal University - Department of Commerce

Date Written: April 1, 2013

Abstract

Mutual fund industry in India has developed rapidly and gained a lot of popularity from the past couple of decade, especially after incorporation of Unit Trust of India in 1964. There has concomitantly evolved a rich plausible academic literature consisting of numerous topics related to mutual funds. One of the most frequently addressed topics in the current literature is Investor’s perception and preferences about various mutual funds schemes and the factors which influences different class of investors to invest in mutual funds. With this background, a survey was conducted among 200 mutual fund investors in nine urban and semi-urban cities of Orissa (India). On the basis of literature review, nine factors are chosen and grouped into four major components by applying Principal Component Analysis. Study reveals, safety, past return and liquidity are the most influencing factors in inducing most of the investors to opt for the mutual fund schemes. For the purpose of the study, parametric and non-parametric statistical methods have been employed. From the research point of view, such a study will help in developing and expanding knowledge in this field of personal investment.

Keywords: Mutual funds, financial market, savings, investments

JEL Classification: N1, N2, G2

Suggested Citation

Chakraborty, Suman and Digal, Sabat, Analysis of Investment Pattern of Mutual Funds Investors – An Empirical Study in Orissa (April 1, 2013). GITAM Journal of Management, April 2013, ISSN: 0972-740X, Issue. Vol. 11 No. 2, pp 192-207, Available at SSRN: https://ssrn.com/abstract=2541855

Suman Chakraborty (Contact Author)

Department of Commerce, Manipal Academy of Higher Education ( email )

Near 9th Block MIT Campus,
Manipal 576104, Karnataka, India
Manipal, KS Karnataka 576104
India
8904916912 (Phone)

HOME PAGE: http://https://manipal.edu/doc.html

Sabat Digal

Utkal University - Department of Commerce ( email )

Vanivihar
Bhubaneswar
India

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