Investing in Mutual funds: Does profession matter?
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 2
Abstract
Purpose Mutual fund has of late become a prominent saving tool for people of India. The present study aims to determine the effect of profession of mutual fund investors on selection of mutual funds. Design/methodology/approach The research involves the collection of data from 94 respondents belonging to different profession as classified by the researcher. The research was performed by purposive sampling method. A structured questionnaire was used to collect data from the mutual fund investors. Findings The findings indicate that profession has an effect in choosing the period of mutual fund investment. While in selection of types of funds profession did not have an effect. Knowledge of mutual fund and parameters for selecting mutual fund had no relationship with the profession of the mutual fund investors. Research limitations This research has been only confined to a single city of Odisha. Futher there can be a comparative analysis within the state and between other states and Odisha. Originality/value This study has incorporated profession as a medium for selection and preference of mutual funds by the mutual fund investors.
Authors and Affiliations
Dr. Pallabi Mishra, Dr. Biswajit Prasad Chhatoi
Keywords
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- EP ID EP409860
- DOI 10.9790/487X-2002093844.
- Views 33
- Downloads 0
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