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Black Book The Comparative Study On The Investors Perception Towards Stock Market and Mutual Fund - Edited
Black Book The Comparative Study On The Investors Perception Towards Stock Market and Mutual Fund - Edited
PROJECT REPORT
ON
“A COMPARATIVE STUDY ON INVESTORS PERCEPTION TOWARDS STOCK
MARKET AND MUTUAL FUND”
FOR
MOTILAL OSWAL FINANCIAL SECURITIES LIMITED
SUBMITTED BY
RIYA MANOJ PAI
CLASS: MMS-B & ROLL NO: 11
SPECIALIZATION: FINANCE
BATCH: 2020 - 2022
Place: Mumbai
Place: Mumbai
Date:
I take this opportunity to express my gratitude to the people who have been involved in the
completion of this project
First and foremost, I would like to thank Mr. Rajeev Vora, Business Partner, who gave me this
opportunity to carry out the major concurrent project, as well as all other employees of the
organisation who helped me either directly or indirectly in this undertaking
My sincerest thanks to Dr. R.G. Ratnawat, Director, Atharva Institute of Management Studies,
Malad, to Prof Bincy Baby, Assistant Professor (Masters of Management Studies), Atharva
Institute of Management Studies, Malad and to Mrs. Renu Jaiswal, Head of Placements and
Training Atharva Institute of Management Studies, Malad, for allowing me to undergo the
major concurrent project
I heartly thank all the teaching and non-teaching staff members of Atharva Institute of
Management studies, Malad, who have helped me either directly or indirectly during the
training period
This project is a comparative study on investors' perception of the Stock market and Mutual
Fund. It talks about the various perceptions people have about Mutual Fund and Stock Market.
Many people find it difficult in how to start their investment, which will be the suitable option,
Stock market or Mutual fund which instrument is safe for investing. This factor creates various
perceptions. Also, perception depends on the experiences of some in the Stock market and
Mutual Fund (positive or negative) The project will also focus on the investor’s perception and
with investor's data we can find out which is the suitable option for investment.
As a Finance Student, I talked with a few investors and other people to know how they think
when it comes to investing in Stock Market and Mutual Fund then try to find out which is the
suitable investment according to them.
Sr.No. Topic Page No.
2 Theoretical Background 4
3 Research Methodology 11
3. What is a Research 11
6 Conclusion 30
7 Bibliography 31
8 Annexure 32
A Comparative Study on Investors perception towards the stock
market and mutual fund
1. INTRODUCTION
It's difficult for new investors who have never invested in equity to know where to start.
However, everyone is aware that there are two ways to invest in equity. One option is to select
stocks and buy/sell them yourself. Mutual funds, on the other hand, are a good place to put your
money. The ultimate goal is the same to profit from the higher returns offered by investing.
However, the two paths are diametrically opposed in terms of what you're doing. Investing in
equities directly does not make sense unless you are an expert investor or are willing to put in
the time and effort required to become one. Many people invest on their own and achieve
fantastic results.
The odds are stacked against you. For every 100 people who try, only five or ten will be
successful. A bigger issue is that even the few who succeed will almost certainly do so only
after many failures, and each of those failures will cost them money. Many people want to
easily increase the returns on their savings. As a result, this business of learning through failure
appears to be a deal breaker.
Mutual funds are a simple solution to these issues. Fund managers work within an organized
framework that follows certain investing ground rules. These could be a set of rules defining
the investments, such as requiring a minimum of 15 or 20 stocks with no but a particular
percentage of the entire portfolio.
Money is important in everyone's life; in order to deal with problems in the future, everyone
should invest their money. Savings are invested in various assets based on their preferred risk
and return, cash safety, liquidity, available investment avenues, and so on.
The purchase of a financial product with the expectation of attractive near-term returns is
referred to as a "investment." Investing is a serious subject that will have a significant impact
on investors' future security. Investors can invest their money in a variety of vehicles. The risks
and returns associated with each of these investment options differ significantly.
Many investment avenues are available in India, some of which are marketable and liquid while
others are not, and some of which are highly risky while others are almost risk less.The investor
must carefully select investment options based on his specific needs, risk tolerance, and
investment objectives and expected returns. Investors must always highlight safe investment
opportunities. Ordinary people should develop the habit of saving a portion of their earnings in
their early lives in order to ensure a far better and safer future. Investors should also be fully
aware of their investment option in order to avoid future loss
1
1.1 STATEMENT OF THE PROBLEM
Should we invest in Mutual funds or the stock market is always a big question to investors.
There is always a need for the common investor to know how to enter into a market and make
a profit in it and not exit with disappointment.
This project is an attempt to research and analyse the profitability of investment in various plans in
mutual funds or stock markets in order to inform investors about which one is more advantageous.
The project titled “A Comparative Study on Investors perception towards the stock market
and mutual fund” is being carried out for Atharva Institute of Management Studies, Mumbai.
The assessment of financial planning has been improved through the years, which is best seen
from the customer point of view. Now a day’s investment has presumed great importance.
People are more inclined towards investing their savings as they are aware of market
unpredictability.
As far as research methodology is concerned, a sample of 50 respondents has been taken and
the method of sampling used is Non-probability sampling. It is presumed that data collected are
fresh i.e. primary Data and all data collected are unbiased.
The main goal of this project is to make people aware of Mutual Funds and the Stock Market,
to compare Mutual Funds and the Stock Market, and to assist new investors in understanding
the concepts of both. As an M.M.S Finance student, it is my responsibility to educate people
about mutual funds and the stock market, as well as to understand their thought process when
it comes to investing in it.
In this project, great importance is given to the investor’s mind in respect to Directly Investing
in Shares or Investing through Mutual Funds. This project will help beginners to know where
to start investing.
• Research the investor's attitude toward investing in mutual funds or the stock market.
• Through this analysis, we find out the best investment plan from the comparison statement.
• To suggest to the customers which plan is suitable for their investment in future.
• The primary goal of comparing investments is to compare mutual funds with stocks.
2
1.3 IMPORTANCE OF STUDY
• The study will help investors to know the behaviour, perception, and preference towards mutual
fund or stock market
• It will help us to know the factors that why investors choose to invest in the stock market or
Mutual fund as well as the motivating factors that encourage them to invest in the mutual fund
industry or Stock Market.
• This study will help Financial Planners to make better strategies to target those investors who
are not investing in any of them, as well as those who have lack knowledge.
• It will assist in understanding the significance of mutual funds and the stock market.
• It will make it easier for researchers to use the studied data in their research.
Null hypothesis: -
Investing directly in the Stock market is riskier even when varied properly as market
unpredictability has a superior effect on it when compared to mutual fund schemes.
Alternative Hypothesis: -
Investing directly in the stock market is just as safe as a mutual fund when varied properly, and
market unpredictability has the same effect both
3
CHAPTER 02 – THEORETICAL BACKGROUND
This project is done to compare the financial performance of Mutual Fund and Stock market
and to give a detailed explanation of the difference between Mutual Fund and Stock market.
4
STRUCTURE OF MUTUAL FUND
Mutual Funds in India are created as trusts. The events concerned are:
1) Sponsor – This is frequently the only one who units up the mutual fund or agrees with. A
sponsor is similar to a promoter of an organization. The sponsor of a mutual fund appoints/units
up the board of trustees, the asset control company, or the fund residence and appoints the
custodian.
2) Board of trustees -The trustees' role is to ensure that mutual fund holders' interests are
protected. The board of trustees should also ensure that the fund residence complies with all of
the standards established by the Securities Exchange Board of India (SEBI).The trustee's
actions are consistent with the agreement reached through the sponsor. The board ensures that
the fund residence has connected the preferred infrastructure and that strategies are in place to
effectively manipulate and control the fund. The board appoints the majority of fund residence
participants, which include the board of administrators and fund managers (scheme-wise). They
additionally devise the fund residences manipulate and audit strategies consisting of the
standards for enrolling and handling brokers/agents.
3) Asset Management Company (AMC)/Fund residence - An AMC or fund residence will
act due to the funding supervisor for the agree with. It may be responsible for everyday
operations. This manner that it is been looking after all of the coins installed through investors.
The AMC or fund domestic is appointed through the sponsor or the board of trustees. SEBI
approval is needed for solving the AMC. 40% of its internet really well worth have to be
contributed through the sponsor.
4) Custodian – A custodian has custody of all of the stocks and securities invested in through
the AMC. The custodian is accountable for the funding account of a fund residence.
The net asset value of a scheme is the market value of its assets less its liabilities. The NAV per
unit is calculated by dividing the scheme's net asset price by the number of units outstanding
on the Date Of valuation.
2. Sale Price
It is the price you pay when you invest in a scheme. It is also known as the Offer Price
and may include a sales load.
5
3.Repurchase Price
It is the price at which units in open-ended schemes are repurchased by the Mutual Fund,
and it is related to the NAV.
4.Redemption Price
It is the price at which closed-ended schemes redeem their units when they reach maturity.
These prices are NAV-related.
5.Sales Load
It is a charge collected by a scheme when it sells the units. Also called, Front-end ‘load.
Schemes that don't charge a load are called No Load ‘schemes.
Fund
Investor Securities
Returns
7
2.5 HOW STOCKS WORK
Stocks operate in a very different manner than mutual funds. Instead of investing in lots of
different companies, stockholders purchase shares in a single company. The share price
represents the amount of money the company will make if its products continue to be sold later
this year. Once the product is available for purchase, the company paid shareholders for each
unit sold. Each shareholder receives a portion of the proceeds based on their percentage of
ownership.
Let us look at the benefits of mutual funds and the stock market. This will allow us to
distinguish between their characteristics.
MUTUAL FUND
• One don't need much knowledge to start using them. All you need to do is open up a bank
account with enough cash to cover the initial costs of purchasing shares. Then, whenever you
would like to shop for new shares, simply transfer a number of your existing savings into
another account. It's pretty simple!
• There are lots available with thousands of mutual funds being offered today, finding the right
one shouldn't be difficult. Most major banks offer free online research tools that allow you to
match various options without paying a penny until you discover something suitable.
• They supply diversification. One thing that sets mutual funds aside from individual stocks is
that they tend to spread risk around multiple companies. For example, if you were to take a
position of Rs 100,000 in Tata steels, L&T technology, Reliance, Bajaj Finance, you'd only lose
half your original capital if either of those companies went bankrupt. But if you had invested
Rs 100,000 in 10 separate mutual funds, you'll potentially lose everything if even one among
these companies failed.
• They give you tax advantages, as long as you keep track of your expenses carefully, you may
be able to deduct specific fees associated with mutual funds against your income taxes. These
deductions include management fees, sales charges.
8
• It helps to protect your portfolio by spreading your money across numerous companies, you
reduce the chances of losing significant amounts of money due to poor performance. Since
mutual funds usually hold many securities, they also function insurance policies against
unexpected events like natural disasters or economic downturns.
• Mutual Fund lets you take advantage of low-interest rates which are currently meager, but
they won't stay this way forever. So, instead of putting your money under lock and key, consider
taking advantage of the present situation by opening up a high yield bank account.
STOCK MARKET
There are many reasons why people prefer to own their stocks rather than buy mutual funds:
1) They can control where their investment goes. When to dump any remaining shares, investors
have complete control over which companies receive their profits. This means that they will
never find themselves owning a whole company simply because somebody else wanted to urge
eliminate all their holdings right away.
2) It can earn higher returns since stocks represent actual ownership stakes in businesses, they
typically pay more dividends per share than mutual funds. Dividends are cash payments made
to shareholders supported by the profit earned during the previous fiscal quarter.
3) Mutual fund managers don't always explain exactly how their portfolios are structured.
Stockbrokers, however, are required to disclose detailed information about the companies
whose shares they trade. Therefore, it is easier to know the structure
4) While mutual funds charge annual fees ranging between 1% and 2%, some brokerage firms
waive them entirely. In addition, most brokerages offer free trades, so there is no need to worry
about paying commissions.
5) You'll be able to quickly liquidate your position if you choose to sell your shares before they
mature, you will probably incur little or no penalty. On the opposite hand, if you wish to unload
your mutual fund shares immediately, you may end up facing steep fines.
6) It is easy to begin small. Many individuals who've tried both kinds of investments agree that
starting with individual stocks is much simpler than trying to navigate through the complexities
of mutual funds
9
CHAPTER 03 – RESEARCH METHODOLOGY
Quantitative Methodology
Quantitative data refers to a collection of data in quantitative form that can be formally and
firmly subjected to difficult analysis.
Qualitative Methodology
The qualitative approach is concerned with the specific evaluation of opinions and behaviour.
11
3.2 RESEARCH DESIGN
The pre-selection of techniques for information gathering and analysis with two important
factors in mind is known as research design. –
• Time Availability
• Purpose of Research
To put it another way, Research Design serves as a road map for the researcher, informing him
of each and every turning point that occurs.
As a research design, descriptive research is used to study a comparative study on investors'
perceptions of the stock market and mutual funds.
Descriptive research refers to studies that are concerned with relating the characteristics of a
specific individual or group.
Sampling is one of the most fundamental concepts in any research project. Furthermore, most
research studies attempt to simplify or draw interpretations about the population based on their
study of a subset of the population known as the sample.
1. Method of Probability
2 Non-Probability Method
In this study, I used non-probability sampling and snowball sampling method. In general, my
Sample consists of both retail and corporate investors. Based on this sampling, I created this
project and eventually arrived at the findings and conclusion.
12
3.5 SAMPLING TECHNIQUE
In terms of the Sampling Technique, the Investors submitted a well-written Questionnaire while
dealing with their requests for information.
Because most corporate investors do not have enough time to fill out the form, it was discovered
that filling out the information at the time of handling queries was more convenient.
As a Comparative study has been conducted on investors’ perception towards Mutual Fund and
the stock market, Primary methods of data collection are used.
All the data collected is unbiased
13
3.8 LIMITATIONS OF STUDY
• The project's duration is insufficient to cover such a broad subject, and time has become a
major constraint.
• The sample size used to reach a conclusion was insufficient to provide an accurate result.
• Changing people's minds about investing in a specific financial product is a difficult task.
14
3.9 LITERATURE REVIEW
A large number of studies have been conducted in India, covering various aspects of mutual
funds, consumer behaviour, how much people are aware of it, and what factors attract them the
most when investing, among other things.
1.4.1 Madhusudhan V Jambodekar (1996) conducted a study to determine investor awareness
of Mutual Funds and to identify the factors that influence purchasing decisions and fund
selection. Newspapers and magazines are the primary sources of information for investors
seeking information on mutual fund schemes, and fund provider service is an important
consideration when selecting Mutual Fund Schemes.
1.4.2 The SEBI – NCAER Survey (2000) was carried out in order to estimate the number of
households and shareholders, as well as their demographic and economic pattern, portfolio size,
and investment preference for shares and other savings instruments. This is a unique and
comprehensive study of Indian investors, with data collected from over 3,000,000
geographically diverse rural and urban households. Some of the study's main insights are as
follows:
Households prefer instruments that match their risk perception; bank deposits are appealing
across all income classes; 43 percent of non-investor households, equivalent to approximately
60 million households (estimated), appear to lack awareness of stock markets; and, when
compared to low-income groups, higher income groups have a higher share of investments in
Mutual Funds (MFs) and stocks market indicating that mutual funds and the stock market have
still to become truly viable investment vehicles for small investors.
Sarishand (1.4.3) Ajay Jain (2012), the purpose of investment or saving, investors have the
option of investing money in mutual funds and other financial instruments such as equity shares,
debentures, bonds, warrants, and bank deposits. A typical investor who invests their savings in
various assets is unfamiliar with mutual funds.
15
CHAPTER 04 – DATA ANALYSIS & INTERPRETATION
INTRODUCTION
A survey of 50 people has been conducted to learn about investors' attitudes toward mutual
funds and the stock market. Mutual funds and the stock market are gaining popularity as
investment vehicles in India. Beginners frequently have doubts about where to invest their
money, and they are unsure whether to invest in the direct stock market or in Mutual Funds.
The study sought to ascertain investors' attitudes toward investing in mutual funds and the
stock market, as well as to compare the two in order to determine which option is preferable.
This Questionnaire addresses the majority of the requirements.
Interpretation:
As per the observations, it can be seen that out of 50 respondents 30% of people find themselves
on the average of 3 which means they are not highly aware of the stock market and Mutual
Funds and not least aware of Mutual Fund and the stock market. They come in a neutral
category.
12% of people are highly aware of Mutual funds and Stock Market. 28% of the respondents
have selected 4 scalings.
18% & 12% respectively are least aware of Mutual Funds and Stock Market.
16
4.1.2: Graphical Interpretation on do they invest in the stock market
Interpretation:
As per the observations, we can see that 60% of respondents are investing in the stock market,
and the rest 40% of respondents do not invest in the Stock market
Interpretation:
As per the observations, we can see that 66.7% of respondents are investing in the Mutual
Funds and the rest 33.3% of respondents do not invest in the Mutual Funds
17
4.1.4 Graphical Interpretation on why respondents are not investing in the
stock market
Interpretation
As per the observation, out of 50 targeted respondents, 60% invest in the stock market and 40%
do not invest in the stock market following are some reasons why they do not invest
33.3% of respondents are not investing in the stock market because of a Lack of interest.
16.7% of respondents are not investing in the stock market because they find it risky
8.3% of respondents think that they can earn more through own their business
8.3% respondents there is the complexity of Products
16.7% of respondents have lack of knowledge
8.3% of respondents are waiting for the opportunity
18
4.1.5: Graphical Interpretation on why respondents have not invested in
Mutual Funds
Interpretation
As per the observation, out of 50 targeted respondents, 66.7% invest in mutual funds and
33.3% do not invest in Mutual Funds following are some reasons why they do not invest
10% of respondents are not investing in the stock market because of a lack of interest.
10% of respondents are not investing in the stock market because they find it risky
10% of respondents think they have a better option
50% of respondents have lack of knowledge
20% of respondents are waiting for the opportunity
19
4.1.6: Graphical Interpretation on which instruments they would prefer to
invest
Interpretation:
As per the observation, it can be seen that the majority of respondents have invested in Mutual
Funds
Around 52.6% of respondents prefer to invest in Mutual Fund
36.8% of respondents prefer to invest in Stocks
8% of respondents prefer to invest in both that is Stocks and Mutual Funds
And rest 2.6% of the respondents prefer to invest in Fixed deposits, Gold.
20
4.1.7: Graphical Interpretation on investor needs some level of expertise to
invest directly in the stock market
Interpretation:
As per the observation, it can be seen that,
76.7% of respondents say there is a need for some level of expertise to invest directly into the
stock market
13.3% of respondents are not sure about this, they think maybe there is a need for some level
of expertise
10% of respondents do not think there is a need for expertise.
21
4.1.8: Graphical Interpretation on do investors think Mutual fund is as
profitable as directly investing in stock Market
Interpretation:
22
4.1.9: Graphical Interpretation on do investors think Mutual fund is safer
than directly investing in stock Market
Interpretation:
As per the observations, out of 50 respondents, it can be seen that 43.4% of respondents think
Mutual Fund is safer than directly investing in Stock Market.
36.7% of respondents think that Mutual funds are safer than directly investing in the stock
market.
20% of respondents think that Mutual funds may or may not be safer than directly investing in
Stock Market
The highest respondents think that mutual fund is safer than directly investing in the
stock market.
23
4.1.10: Graphical Interpretation on having invested in mutual fund through
a financial advisor
Interpretation:
As per the observations, it can be seen that 50% of respondents have invested in Mutual funds
through financial advisors. 50% of respondents have invested in Mutual Fund but not through
a financial advisor.
Interpretation:
As per the observations, it can be seen that 27.3% of respondents have invested in Stock Market
through a financial advisor. 72.7% of respondents have invested in Stock Market but not
through a financial advisor.
24
4.1.12: Graphical Interpretation on which factors influence the most while
investing
Interpretation:
As per the observation, out of 50 respondents
High returns influence around 60% of respondents the most while investing.
Low-risk influences’ around 68% respondents the most while investing
Liquidity is influencing around 50% of respondents the most while investing
Last but not least company’s reputation is influencing 60% of respondents the most while
investing
25
4.1.13: Graphical Interpretation on time horizon preferred by investors for
investments
Interpretation:
As per the observation, out of 50 respondents
40% of respondents invest their money in the stock market or mutual funds for the year between
5 years to 10 years
33.3% of respondents invest their money in the stock market or mutual funds for the year
between 1 year to 5 years
23.3% of respondents invest their money in the stock market or mutual funds for less than 1
year
3.4% of respondents invest their money for more than 10 years
26
4.1.14: Graphical Interpretation on overall experience with investing in
mutual funds?
1 – Highly Dissatisfaction
3 – Averagely Satisfied
5 – Highly Satisfied
Interpretation:
Out of 50, 66.7% of respondents are investing in Mutual Funds this graph represents
overall experience in investing in Mutual funds.
We can see that,
41.2% of respondents have average satisfaction experience in investing in Mutual Funds.
35.3% of respondents are satisfied with their investment in Mutual funds.
11.8% of respondents are highly satisfied with their investment in Mutual Funds
11.8% of respondents are not satisfied with their investment in Mutual Funds
27
4.1.15: Graphical Interpretation on overall experience with investing in stock
market
1 – Highly Dissatisfaction
3 – Averagely Satisfied
5 – Highly Satisfied
Interpretation:
Out of 50, 60% of respondents are investing in Stock Market this graph represents
their overall experience in investing in Stock Market
We can see that,
25% of respondents have average satisfaction experience in investing in Stock Market
37.5% of respondents are satisfied with their investment in Stock Market.
25% of respondents are highly satisfied with their investment in Stock Market
6.3% of respondents are not satisfied with their investment in Stock Market
6.3% of respondents are highly dissatisfied with their investment in Stock Market.
28
4.1.16: Graphical Interpretation on Considering the risk appetite and
expected returns
Interpretation:
As per the observation, the above graph represents investors risk appetite and in which
instrument they think that they get good returns
33.3% of respondents have chosen Both Mutual Funds and Stock Market
26.7% of respondents have chosen Mutual Funds
23.3% of respondents have chosen Stock Market
16.7% of respondents have chosen none as their option
29
CHAPTER 05: FINDINGS & SUGGESTIONS
• This project demonstrates the significance of investor perception in mutual funds and the
stock market.
• Appropriate knowledge and statistics, as well as good brokers, are important when investing
• According to this study, investors invest more in mutual funds than in the stock market, but
• This study also demonstrates that some investors prefer both the Mutual Fund and Stock
• Many people avoid investing in the stock market and mutual funds because they lack
• Before investing, investors should gather accurate information about mutual funds and the
• Investors should gather proper information regarding mutual funds and Stock Market before
investing and should study well before taking any decision Investors should analyse all the
risk factors and performance of the investment plans with proper study they should invest.
30
CHAPTER 06: CONCLUSION
• Financial advisors should encourage investors to invest in the stock market and mutual funds.
• The Indian stock exchange is playing a critical developmental role in the allocation of scarce
resources in the emerging economy.
• According to the respondent, mutual funds are safer than the stock market because investing
in a share by a single person can result in loss due to his lack of knowledge about the stock
market, whereas in a mutual fund, a pool of money from several people is invested in the
stock market with various research.
• According to the advisor poll, 66.7 percent of people are interested in investing in a mutual
fund, but the remaining 33.3 percent are not. The reasons for this are as follows: lack of
knowledge, lack of interest, finding it risky, and waiting for the opportunity
• According to an advisor poll, 60% of people are interested in investing in the stock market,
but the remaining 40% are not. The reasons for this are as follows: lack of knowledge, lack
of interest, finding it risky, and waiting for an opportunity.
• As a result, the research study concludes that people are investing more in mutual funds, but
they are also investing in the stock market, with little difference.
31
CHAPTER 07: BIBLIOGRAPHY
Seetharaman, A., et al. “A Study of the Factors Affecting the Choice of Investment Portfolio
by Individual Investors in Singapore.” Accounting and Finance Research,
https://sciedupress.com/journal/index.php/afr/article/view/12102/0.
Bussière, Matthieu, and Kate Phylaktis. “Emerging Markets Finance: Issues of International
Capital Flows – Overview of the Special Issue.” Journal of International Money and Finance,
vol. 60, 2016, pp. 1–7., https://doi.org/10.1016/j.jimonfin.2015.09.007.
Van Rooij, Maarten, et al. “Financial Literacy and Stock Market Participation.” Journal of
Financial Economics, vol. 101, no. 2, 2011, pp. 449–472.,
https://doi.org/10.1016/j.jfineco.2011.03.006.
_@groww. “Online Demat, Trading and Direct Mutual Fund Investment in India.” Groww,
https://groww.in/.
“Stock Market and Mutual Fund.” Corporate Finance Institute, 14 Dec. 2019,
https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/stock-market/.
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CHAPTER 08: QUESTIONAIRE
6) Among the following instruments, which would you prefer to invest in?
Mutual Fund
Stocks
Other:
33
7) Do you think you need some level of expertise to invest directly in the stock market
Yes
No
Maybe
8) Do you think a Mutual fund is as profitable as directly investing in Stock Market?
Yes
No
Maybe
9) Do you think Mutual Fund is safer than investing indirectly Stock Market
Yes
No
Maybe
10) Have you invested in Mutual Fund through a financial planner /advisor?
Yes
No
11) Have you invested in stock markets through a financial planner /advisor?
Yes
No
12) Which of the following factors influence you the most while investing
High Returns
Low Risk
Liquidity
Company Reputation
13) What is the time horizon preferred by you for investments?
Less than 1 year
1 to 5 years
5 to 10 years
More than 10 years
14) Your overall experience with investing in mutual funds?
Highly Dissatisfactory
1
5
Highly Satisfactory
15) Your overall experience with investing in stock markets?
Highly Dissatisfactory
1
5
highly Satisfactory
16) Considering your risk appetite and expected returns, which among the following is a
Favorable option to you.
Mutual funds
Trading in the stock market
Both
No
34