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Investor?s Demographics And Its Influence On Investment Objectives
Subject area: Management and Commerce · Area of research: Management (Finance)
Abstract
Every individual save a part of their income in order to invest it in some financial product. This investment pattern is guided by the purpose for which he desires to compromise on current needs and save to fulfill some future need. Choice of investment objective is dependent on many independent variables. One of the variables that influence this decision is the demographic profile of investors. The present research aims to analyze the impact of this independent force on the investment objective preference of investors. Data from 536 investors was collected across India. The objectives were categorized as capital appreciation, regular income, future security, tax benefit and status quo. Investors were asked to rank these objectives in order of their preferences. Kruskal Wallis and Mann Whitney tests were used to analyze the results
Keywords
demographics, investment objectives, mann whitney, kruskal wallis
References
[1] Bishnoi S (2014), “Relation between Investment Objectives and Demographic Variables”, Journal of General Management Research, Vol. 1, No. 1, pp. 91–107.
[2] Droms, W.G., (1987), “Investment asset allocation for PFP clients” Journal of Accountancy, Vol. 163 Issue 4, pp.114-118.
[3] Firer, C., (1988), “The individual investors on the JSE”, The Investment Analyst Journal, Vol. 31 Winter, pp. 21-31.
[4] Hoffmann, A.O.I., Shefrin, H. and Pennings, J.M.E., (2010), “Behavioral portfolio analysis of individual investors” Available at SSRN: http://ssrn.com/abstract=1629786, accessed on 28 March, 2017.
[5] Ikeobi N R and Arinze P E (2016), “The Influence of Demographic Factors on the Investment Objectives of Retail Investors in the Nigerian Capital Market” European Journal of Business and Management, Vol.8, No.11, pp.147-155.
[6] Seetharaman A , Niranjan I , Patwa N and Kejriwal A (2017), “A Study of the Factors Affecting the Choice of Investment Portfolio by Individual Investors in Singapore”, Accounting and Finance Research, Vol.6, No.3, pp.153-168.
How to cite this paper
@article{1700123,
author = {Shruti Maheshwari, Dr. Manish Mittal},
title = {Investor?s Demographics And Its Influence On Investment Objectives},
journal = {Iconic Research And Engineering Journals},
year = {2017},
volume = {1},
number = {6},
pages = {32-38},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1700123.pdf},
abstract = {Every individual save a part of their income in order to invest it in some financial product. This investment pattern is guided by the purpose for which he desires to compromise on current needs and save to fulfill some future need. Choice of investment objective is dependent on many independent variables. One of the variables that influence this decision is the demographic profile of investors. The present research aims to analyze the impact of this independent force on the investment objective preference of investors. Data from 536 investors was collected across India. The objectives were categorized as capital appreciation, regular income, future security, tax benefit and status quo. Investors were asked to rank these objectives in order of their preferences. Kruskal Wallis and Mann Whitney tests were used to analyze the results},
keywords = {demographics, investment objectives, mann whitney, kruskal wallis},
month = {December},
}