A study of

investors behaviour towards investment decision

in mutual fund in Bhiwani city

dissertation
submitted in partial fulfilment of the requirement
for the award of the degree of
Master’s in commerce (M.COM)

Supervised by submitted by:

Dr. upasana sheoran megha
Assistant professor roll no: 221270501025
Department of commerce m.com (sem iv)
m.n.s govt. college m.n.s govt. college
Bhiwani Bhiwani

Chaudhary Bansi lal university

Bhiwani
Session : 2023-2024

DECLARATION

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I Megha a Bonafide student of M.com (sem iv) of M.N.S Govt. College, Bhiwani
Affiliated to Chaudhary Bansi Lal University ,would like to declare that the
dissertation entitled submitted “A study of investors behaviour towards
investment decision in mutual fund” by me in partial fulfilment of the
requirements for the award of the Degree of MASTER OF COMMERCE is my
original work and no one else has submitted it.

Signature of the supervisor Signature of the candidate

DR. UPASANA SHEORAN MEGHA
Department of Commerce M.com 4th semester
University roll no: 221270501025

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 CERTIFICATE

This is to certify that the dissertation entitled “A study of investors

behaviour towards investment decision in mutual fund” is the beneficial
research work carried out by Miss. Megha, a student of M.com( IV Sem) of
M.N.S Govt. College affiliated to Chaudhary Bansi Lal University during the
academic year 2023-2024 in partial fulfilment of the requirements for the
award of the M.com degree and previously the dissertation has not served as
the foundation of the award of any degree, diploma or other comparable title.

Signature of the supervisor Signature of the candidate

DR. UPASANA SHEORAN MEGHA
Department of Commerce M.com 4th semester
University roll no: 221270501025

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 ACKNOWLEDGEMENT

I would like to acknowledge and give my warmest thanks to the Principal and
Head of Department of Commerce of M.N.S Govt. College, Bhiwani, for giving
me this opportunity to work on this important and strategic topic.

My next debt of gratitude goes to My mentor Dr. UPASANA SHEORAN who

made this work possible. Her guidance and advice carried me through all the
stages of writing my project. I also want to thank the faculty of commerce
department for constructive and encouraging comments and advises.

Finally, I would like to express my gratitude to the participants of this study,

without whom this research would not have been possible. The willingness to
share their experiences and insights has enriched this work and contributed to
the advancement of knowledge in this field.

Thank you all for your valuable contributions to this research.

Signature of the supervisor Signature of the candidate

DR. UPASANA SHEORAN MEGHA
Department of Commerce M.com 4th semester
University roll no: 221270501025

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Introduction:

Understanding investor behaviour towards mutual funds is a critical aspect of

financial research, given the pivotal role mutual funds play in modern
investment portfolios. Mutual funds serve as popular investment vehicles,
offering individuals and institutions a convenient and diversified approach to
wealth accumulation and capital appreciation. The study of investor behaviour
towards mutual funds delves into the complex interplay of psychological,
cognitive, and emotional factors that influence investment decisions, portfolio
allocation, and fund selection.

This introduction sets the stage for a comprehensive exploration of investor

behaviour towards mutual funds, beginning with an examination of the
characteristics that define these investment vehicles. Mutual funds are pooled
investment funds that gather capital from numerous investors to invest in a
diversified portfolio of securities, such as stocks, bonds, or a combination of
both. They are professionally managed by fund managers who make
investment decisions on behalf of investors, aiming to achieve specific
investment objectives, whether it's growth, income, or capital preservation.

One of the defining characteristics of mutual funds is their accessibility, offering

investors of varying financial means the opportunity to participate in the

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financial markets. Mutual funds also provide diversification benefits, allowing
investors to spread their risk across a range of assets, sectors, and geographies.
Moreover, mutual funds offer liquidity, enabling investors to buy and sell fund
shares on a daily basis at the fund's net asset value (NAV).

Beyond these fundamental characteristics, the study of investor behaviour

towards mutual funds delves into the nuances of how investors perceive,
evaluate, and interact with these investment vehicles. It explores the
psychological biases and heuristics that shape investor decisions, such as risk
aversion, herd mentality, and overconfidence. It also examines the influence of
demographic factors, investor experience, and market conditions on
investment behaviour.

By dissecting investor behaviour towards mutual funds, researchers seek to

uncover patterns, trends, and anomalies that shed light on the underlying
motivations driving investment decisions. This knowledge is invaluable for fund
managers, financial advisors, policymakers, and individual investors alike, as it
informs strategies for investor education, product design, and risk
management.

In summary, the study of investor behaviour towards mutual funds offers a

fascinating glimpse into the complexities of human decision-making in the
realm of finance. By understanding the characteristics of mutual funds and the
factors shaping investor behaviour, we can gain deeper insights into the

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dynamics of the mutual fund industry and empower investors to make more
informed and rational investment decisions.

 The study of investor behaviour towards mutual funds encompasses

several key characteristics that shape its scope and focus:

 Psychological Factors: This aspect examines the psychological biases and

emotions that influence investor decisions, such as risk aversion, loss
aversion, overconfidence, and herd mentality. Understanding these
psychological factors helps researchers unravel the cognitive processes
underlying investment behaviour.

 Demographic Variables: Investor behaviour towards mutual funds is

often influenced by demographic variables such as age, gender, income
level, education, and investment experience. Research in this area seeks
to identify how these demographic factors impact investor preferences,
risk tolerance, and investment strategies.

 Market Conditions: The study of investor behaviour towards mutual

funds considers the influence of market conditions, including economic
indicators, market volatility, interest rates, and geopolitical events.
Analysing how investors react to different market environments provides
insights into their decision-making processes and risk perceptions.

 Investor Sentiment: Investor sentiment refers to the overall attitude or

mood of investors towards the financial markets or specific asset classes,
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 including mutual funds. Research in this area examines how investor
sentiment affects fund flows, market valuations, and investment
performance.

 Investment Goals and Objectives: Investor behaviour towards mutual

funds is shaped by individual investment goals, such as capital
appreciation, income generation, or wealth preservation. Understanding
investor objectives helps researchers assess the alignment between fund
characteristics and investor preferences.

 Information Processing: The study of investor behaviour towards mutual

funds explores how investors gather, process, and interpret information
related to fund performance, fees, risks, and investment strategies. This
includes analyzing the impact of financial media, fund disclosures, and
peer recommendations on investor decision-making.

 Investment Horizon: Investor behaviour varies based on investment

horizon, with short-term traders exhibiting different tendencies
compared to long-term investors. Research in this area examines how
investor behaviour towards mutual funds differs across different
investment horizons and time frames.

 Regulatory Environment: The regulatory framework governing mutual

funds plays a significant role in shaping investor behaviour. Research
explores the impact of regulations, such as disclosure requirements, fee
structures, and tax policies, on investor decision-making and fund flows.

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 MUTUAL FUNDS

Overall, the study of investor behaviour towards mutual funds is characterized

by its multidisciplinary nature, drawing insights from psychology, economics,
finance, and sociology. By examining these characteristics, researchers gain a
deeper understanding of the dynamics driving investor behaviour in the mutual
fund industry and can develop strategies to enhance investor education,
improve fund design, and promote investor welfare.

Mutual funds are investment vehicles that pool money from multiple investors
to invest in a diversified portfolio of securities, such as stocks, bonds, money
market instruments, or a combination thereof. These funds are managed by
professional portfolio managers, who make investment decisions on behalf of
the investors, aiming to achieve specific investment objectives.

In essence, mutual funds allow individuals to invest in a professionally

managed portfolio of securities without needing to directly buy and manage
individual stocks or bonds themselves. Investors purchase shares of the mutual
fund, which represents their proportional ownership of the fund's assets. The
value of these shares, known as the net asset value (NAV), is calculated based
on the total value of the fund's underlying securities. Mutual funds offer
diversification, liquidity, and professional management to investors, making
them a popular choice for those seeking exposure to various asset classes and
investment strategies.

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"An In-Depth Analysis of Mutual Fund Schemes in India:
Evaluating Merits and Drawbacks for Investors"

Introduction: -

The Indian mutual fund industry has experienced remarkable growth in recent
years, propelled by increasing investor awareness, favourable regulatory
reforms, and a growing appetite for diverse investment avenues. Within this
dynamic landscape, a multitude of mutual fund schemes cater to the varying
needs and preferences of investors. This thesis endeavours to undertake a
comprehensive examination of mutual fund schemes in India, unravelling their
distinctive characteristics, merits, and drawbacks. By exploring a spectrum of
schemes, including equity funds, debt funds, hybrid funds, and thematic funds,
this study seeks to provide investors with valuable insights into the
opportunities and challenges inherent in each scheme.

 Equity Funds:
Equity funds are those mutual funds that primarily invest in stocks. You
invest your money in the fund via SIP or lumpsum which then invests it in
various equity stocks on your behalf. The consequent gains or losses
accrued in the portfolio affect your fund's Net Asset Value (NAV).

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  Merits:

 Potential for high returns over the long term, driven by the growth
potential of Indian equities.
 Diversification across sectors and market capitalizations, mitigating
company-specific risk.
 Professional management by experienced fund managers adept in
navigating Indian stock markets.

 Drawbacks:

 Volatility, as equity funds are susceptible to market fluctuations and

economic cycles, particularly in emerging markets like India.
 Higher expense ratios compared to passive investment options,
impacting overall returns.
 Regulatory and taxation risks, as changes in regulations and tax policies
can affect fund performance and investor returns.

 Debt Funds:

A debt fund is a mutual fund scheme that invests in fixed income instruments,
such as Corporate and Government Bonds, corporate debt securities, and
money market instruments etc. that offer capital appreciation. Debt funds are
also referred to as Income Funds or Bond Funds.

 Merits:

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  Stability and regular income through investments in fixed-income
securities such as government bonds, corporate bonds, and money
market instruments.
 Lower volatility compared to equity funds, making them suitable for
conservative investors seeking income and capital preservation.
 Diversification across a range of debt instruments, offering risk
management benefits.

 Drawbacks:

 Interest rate risk, as bond prices are inversely related to changes in

interest rates, impacting fund NAVs.
 Credit risk, particularly in lower-rated bonds, where issuers may default
on interest payments or fail to repay the principal amount.
 Liquidity risk, as certain debt funds may face challenges in meeting
redemption demands during periods of market stress.

Hybrid Funds:

A combination of equity and debt investments that are designed to meet the
investment objective of the scheme. Each hybrid fund has a different
combination of equity and debt targeted at different types of investors.

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  Merits:

 Balanced exposure to both equities and fixed-income securities,

providing a blend of growth potential and income generation.
 Diversification across asset classes, reducing overall portfolio risk.
 Flexibility to adapt to changing market conditions through dynamic asset
allocation strategies.

 Drawbacks:

 Complexity in portfolio construction and management, requiring skilled

fund managers to navigate asset allocation decisions effectively.
 Performance may be influenced by the relative performance of equity
and debt markets, impacting overall returns.
 Higher expense ratios compared to single-asset-class funds, affecting net
returns for investors.

Thematic Funds:

Thematic funds are a type of equity fund, investing in stocks of companies that
are focused on a specific theme. These funds aim to capitalize on emerging
opportunities by investing in sectors aligned with themes like manufacturing,
innovation, real estate, transportation, and pharma.
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 Merits:

 Opportunity to invest in specific sectors, themes, or trends poised for

growth, such as technology, healthcare, or infrastructure.
 Potential for higher returns compared to diversified funds during periods
of sectoral outperformance.
 Ability to express investment convictions and capitalize on thematic
investment themes.

 Drawbacks:

 Concentration risk, as thematic funds are exposed to the performance of

a specific sector or theme, amplifying volatility and potential losses.
 Lack of diversification compared to diversified funds, increasing
vulnerability to adverse sectoral developments.
 Dependency on the fund manager's ability to identify and capitalize on
thematic investment opportunities, which may vary in effectiveness.

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 Review of literature

1. Barber, B. M., & Odean, T. (2000). Trading Is Hazardous to Your Wealth:

The Common Stock Investment Performance of Individual Investors. This
seminal study investigates the trading behaviour and performance of
individual investors in the stock market. While not specific to mutual

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 funds, it provides insights into investor behaviour, including overtrading
and its negative impact on returns, which can be extrapolated to mutual
fund investing.

2. Grin blatt, M., & Kelo Harju, M. (2000). The Investment Behaviour and
Performance of Various Investor Types: A Study of Finland’s Unique Data
Set. This study examines the investment behaviour and performance of
different investor types in Finland. It explores factors such as trading
frequency, portfolio turnover, and performance persistence, which are
relevant to understanding investor behaviour in mutual funds.

3. Cronqvist, H., & Thaler, R. H. (2004). Design Choices in Privatized Social-

Security Systems: Learning from the Swedish Experience. While focused
on retirement savings systems, this study by Cronqvist and Thaler
explores how individuals make investment decisions under various
choice architectures. Understanding decision-making processes in
retirement savings can provide insights into how investors approach
mutual fund selection and allocation decisions.

4. Graham, B., & Dodd, D. L. (2009). Security Analysis: Principles and

Techniques. Although not a recent study, this classic work by Graham
and Dodd lays the foundation for understanding investor behaviour and
decision-making processes in the context of securities analysis. Principles
discussed in this book, such as margin of safety and intrinsic value,
remain relevant to mutual fund investors assessing fund characteristics
and performance.

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5. Benartzi, S., & Thaler, R. H. (2013). Behavioural Economics and the
Retirement Savings Crisis. This study explores behavioural biases that
contribute to the retirement savings crisis and proposes behavioural
solutions to improve retirement outcomes. While focused on retirement
savings, the insights on behavioural biases, such as procrastination and
loss aversion, have implications for understanding investor behaviour in
mutual fund investing.

6. Barberis, N., & Thaler, R. H. (2003). A Survey of Behavioural Finance. This

comprehensive survey provides an overview of behavioural finance
theories and empirical evidence. It covers topics such as prospect theory,
mental accounting, and overconfidence, which are pertinent to
understanding investor behaviour in mutual fund investment decisions.

7. Statman, M. (2017). Finance for Normal People: How Investors and

Markets Behave. In this book, Statman explores the behavioural aspects
of finance, including investor behaviour and decision-making processes.
Chapters on topics such as risk perception, social preferences, and
investor mistakes provide valuable insights into understanding investor
behaviour in mutual fund investing.

8. Feng, G., & Seas holes, M. S. (2005). Do Investor Sophistication and

Trading Experience Eliminate Behavioural Biases in Financial Markets?
This study investigates whether investor sophistication and trading

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 experience mitigate behavioural biases in financial markets.
Understanding how investor characteristics influence decision-making
can provide insights into mutual fund investment behaviour.

9. Christoffersen, S. E., Evans, K. P., & Musto, D. K. (2007). What Do

Consumers’ Fund Flows Maximize? Evidence from Their Brokers’
Incentives. Examining the incentives of financial intermediaries, this
study sheds light on how brokers' motivations may influence investors'
mutual fund investment decisions. Understanding the intermediary's
role can provide insights into investor behaviour and fund flows.
10.Chen, J., Hong, H., & Stein, J. C. (2002). Breadth of Ownership and Stock
Returns. While focused on stock ownership, this study investigates how
investor demographics and characteristics, such as breadth of
ownership, influence stock returns. Similar factors may influence mutual
fund investment decisions and performance.

11.Dhar, R., & Zhu, N. (2006). Up Close and Personal: Investor Sophistication
and the Disposition Effect. This study examines the disposition effect—
the tendency for investors to sell winning investments too early and hold
onto losing investments too long—and its relation to investor
sophistication. Insights from this research can inform understanding of
investor behaviour in mutual fund investing.

12.Goyal, A., & Wahal, S. (2008). The Selection and Termination of

Investment Management Firms by Plan Sponsors. Focusing on

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 institutional investors, this study explores the factors influencing the
selection and termination of investment management firms.
Understanding the criteria used by institutional investors can provide
insights into investor behaviour in mutual fund selection.

13.Huang, J., & Sialm, C. (2009). Risk Shifting and Mutual Fund Performance.
Investigating risk-shifting behaviour among mutual fund managers, this
study examines how fund managers' incentives and risk preferences
affect fund performance. Understanding managerial behaviour can help
investors assess mutual fund performance and make informed
investment decisions.

14.Hirsh Leifer, D. (2015). Psychological Bias as a Driver of Financial

Regulation. This paper explores how psychological biases contribute to
financial market anomalies and argues for incorporating behavioural
insights into financial regulation. Understanding regulatory implications
can provide context for investor behaviour in mutual fund investing.

15.Harris, L. E., & Gurel, E. (1986). Price and Volume Effects Associated with
Changes in the S&P 500 List: New Evidence for the Existence of Price
Pressures. Although not specific to mutual funds, this study examines
price and volume effects associated with changes in stock market
indices. Insights from this research can inform understanding of investor

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 behaviour in response to index changes, which may impact mutual fund
flows and performance.

16.Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of

Decision under Risk. This seminal paper introduces Prospect Theory, a
foundational concept in behavioural economics. Understanding how
individuals weigh gains and losses can provide valuable insights into
investor behaviour in mutual fund investment decisions.

17.Fama, E. F., & French, K. R. (1993). Common Risk Factors in the Returns
on Stocks and Bonds. While focused on asset pricing, this study identifies
common risk factors in stock and bond returns. Insights from this
research can inform understanding of investor behaviour in mutual fund
investing and its relation to underlying risk factors.

18.Daniel, K., Hirsh Leifer, D., & Subrahmanyam, A. (1998). Investor

Psychology and Security Market Under- and Overreactions. Investigating
under- and overreactions in financial markets, this study explores how
investor psychology influences asset prices. Understanding market
anomalies can provide insights into investor behaviour in mutual fund
investment decisions.

19.Duflo, E., & Saez, E. (2003). The Role of Information and Social
Interactions in Retirement Plan Decisions: Evidence from a Randomized
Experiment. This study examines the role of information and social

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 interactions in retirement plan decisions. Insights into decision-making
processes in retirement savings can inform understanding of investor
behaviour in mutual fund investing.

20.Kumar, A. (2009). Who Gambles in the Stock Market? Investigating

individual investor behaviour in the stock market, this study explores
factors influencing stock market participation and trading behaviour.
Understanding investor characteristics and behaviour can provide
insights into mutual fund investment decisions.

21.Gennaioli, N., Shleifer, A., & Vishny, R. W. (2015). Money Doctors. This
study examines the role of financial advisors in shaping investor
behaviour and financial decision-making. Insights into the influence of
financial intermediaries can inform understanding of investor behaviour
in mutual fund investing.

22.Choi, J. J., Laibson, D., & Madrian, B. C. (2010). Why Does the Law of One
Price Fail? An Experiment on Index Mutual Funds. This experimental
study investigates deviations from the law of one price in index mutual
funds. Insights from this research can inform understanding of investor
behaviour in mutual fund pricing and arbitrage opportunities.

23.Tufano, P. (2016). Retail Financial Innovation and Investor Behaviour.

Exploring retail financial innovation and its impact on investor behaviour,
this study examines how new financial products shape investor

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 preferences and decision-making processes. Understanding the effects of
financial innovation can provide insights into mutual fund investment
behaviour.

24.Heath, C., & Tversky, A. (1991). Preference and Belief: Ambiguity and
Competence in Choice under Uncertainty. Investigating decision-making
under uncertainty, this study explores how preferences and beliefs
influence choice behaviour.

25.Baker, M., & Wurgler, J. (2006). Investor Sentiment and the Cross-Section
of Stock Returns. This study examines the impact of investor sentiment
on stock returns. Insights into how sentiment affects asset prices can
provide valuable context for understanding investor behaviour in mutual
fund investing.

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Research Methodology

Research Methodology for a study on investor behaviour towards investment

decisions regarding mutual funds involves outlining the approach, techniques,
and tools you'll employ to gather and analyse data. Here is the outline of the
conducted study on mutual fund.

 OBJECTIVES:

Specifically, the research methodology aims to achieve the following

objectives:

 To Understand Investor Behaviour and gain insights into the attitudes,

preferences, motivations, and decision-making processes of investors.
 To Identify Factors Influencing Investment Decisions and exploring the
factors that influence investors' choices regarding mutual funds.
 To Assess Risk Perception and Risk Tolerance power and evaluate
their willingness to accept risk in pursuit of investment returns.
 To Examine the sources of information investors’ rely on when making
investment decisions regarding mutual funds, including financial
advisors, online resources.
 To assess investors' level of knowledge and awareness about mutual
funds, including their understanding of fund types, investment
objectives and performance metrics.

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 By addressing these objectives through a well-designed research
methodology, the study aims to contribute valuable insights to the field
of finance and investment, informing decision-making processes and
facilitating the development of investor-centric strategies and policies.

 SOURCE OF DATA COLLECTION

Primary and secondary methods are used to acquire the data:

 The term "Primary data" refers to information that has been collected
directly by the researcher. It is how data was originally stored.
 Data that has previously been gathered by another party is referred to as
secondary data. the information that has already been compiled and is
already available.

In this study, secondary data were gathered through the internet, books,
and other dissertation papers that were available online, while the main
data were gathered through questionnaires utilising the Google Forms
platform.

 Sampling design:

 Sample universe:
The sample universe includes the people of Bhiwani city.

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 Sample size:
The sample size of the participants was of 100 peoples.

 Sample design:
A questionnaire is designed and provided to the overall population. The
questions designed in my questionnaire are structured as multiple-
choice questions. The questionnaire is about the “stress management
among college students”.
In this study, a straightforward random sample approach is applied.

 Tools for analysis include:

The data gathered is analysed using a pie chart.

 The study's purview:

The best method would be to perform the study from the perspective of
the students, taking the research's goal into consideration. This study
aids students in understanding the factors that influence
how stress effects in their study. In order to develop fresh insights, data
from the student’s perspective is gathered using questionnaires.

 LIMITATIONS OF THE STUDY

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  The investigation was finished in a relatively short period of time,
which leads to quick and impulsive responses which is one of the
study's limitations.
 Respondents are unwilling to unveil their private information.
 Primary data aren't always reliable.
 Data analysis:
 Pie graphs and the percentage conduct are used to assess the data
that has been gathered.
 Each question is investigated separately by presenting total replies in
the form of a pie chart that the proportion of different options that
are available on that specific questionnaire.

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Age No. of respondents % of respondents

Under 25 32 31.7%
25-35 28 27.7%
36-45 27 26.7%
46-55 11 10.9%
56 and above 3 3%
total 101 100

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Educational No. of respondents % of respondents
Qualification

High School
Bachelor's Degree
Master's Degree
Doctorate/Professional
Degree
Total

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Annual income No. of respondents % of respondents

0- 1,50,000
1,50,000-3,00,000
3,00,000-5,00,000
5,00,000 and more
Total

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Employment Status No. of respondents % of respondents

Employed
Unemployed
Student
Retired

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In which Investment No. of respondents % of respondents
Avenues you have
invested?
Fixed deposits 48 47.5%
Cryptocurrency 17 16.8%
Stock market 57 56.4%
Real estate 33 32.7%
Govt. Securities 30 29.7%
Bonds 16 15.8%
Startups 7 6.9%
Mutual funds 11 10.9%
Others 3 3%

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On average, what No. of respondents % of respondents
percentage of your
investment portfolio is
allocated to the mutual
fund?
10%-20% 27 27%
20%-40% 41 41%
40%-60% 25 25%
60%-80% 7 7%

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Purpose of investment No. of respondents % of respondents

Additional income 28.7%

Fixed income 38.6%
Influence by family and 23.8%
friends
To meet contingencies 8.9%

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Risk tolerance power No. of respondents % of respondents
regarding investment
Low risk taker 32.7%
Medium risk taker 53.5%
High risk taker 13.9%

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In which mutual fund No. of respondents % of respondents
scheme,you have
invested?
Open ended scheme 17.8%
Close ended scheme 30.7%
Growth fund scheme 41.6%
Regular income 9.9%
scheme

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How do you conduct No. of respondents % of respondents
your research for
investing in mutual
fund?
Print media 11.9%
Internet 46.5%
Financial advisor 32.7%
Social media 8.9%

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 No. of respondents % of respondents
Which factor influence
you to take decision
towards investing in
mutual fund?
Safety of investment 27 26.7%
Cost of investment 35 34.7%
Political factor 33 32.7%
Tax benefit 41 40.6%
Social prestige 16 15.8%
Risk diversification 22 21.8%

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In which AMC (asset No. of respondents % of respondents
management company
of mutual fund) you
have invested?
SBI MF
HDFC MF
KOTAK MF
ICICI MF
TATA MF
TOTAL

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Have, would you rate No. of respondents % of respondents
your knowledge about
mutual fund?
Very low
Low
Moderate
High
Very high
Total

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How much % of your No. of respondents % of respondents
investment in mutual
fund grow last year?
5%-10%
10%-20%
20%-30%
30%-40%
Total

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How long would you No. of respondents % of respondents
like to hold your
mutual fund’s
investment?
0-1 years
1-3 years
3-5 years
5 years and above
Total

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What is the biggest No. of respondents % of respondents
barrier’s you have
faced while investing in
mutual funds?
Lack of family support
Shortage of capital
Lack of financial
knowledge
Risk of return
Total

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How would you like to No. of respondents % of respondents
receive the returns in
upcoming years?
Dividend payout
Dividend re-investment
Growth in NAV (Net
asset value)
Exit mutual funds.
Total

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How do you foresee No. of respondents % of respondents
your mutual fund
performance in near
future?
Bright future 42 41.6%
Bleak future 40 39.6%
Absolutely avoid. 19 18.8%
Total 101 100%
Q19

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