Open AccessA Study of Investors’ Attitude towards Mutual fund in Kathmandu City, Nepal
Author(s) -
Rajan Bilas Bajracharya
Publication year - 2018
Publication title -
journal of advanced academic research
Language(s) - English
Resource type - Journals
eISSN - 2362-1311
pISSN - 2362-1303
DOI - 10.3126/jaar.v4i1.19514
Subject(s) - mutual fund , investment (military) , manager of managers fund , preference , business , fund administration , likert scale , target date fund , finance , socioeconomic status , investment fund , open end fund , economics , institutional investor , political science , statistics , corporate governance , population , mathematics , demography , sociology , politics , market liquidity , law , microeconomics
Mutual fund is an investment tool which assembles the savings of millions of small investors into huge capital formation. The primary goal behind investment in mutual fund is to earn goods return with comparatively low risk. The main purpose of doing this research is to find out a relationship between selected demographic and socioeconomic characteristics and investors’ attitude towards mutual. Another purpose of this research was to rank different sources investors use to make investment decision on the basis on their preference. By using Likert scale (0 to 1) and three levels (positive, neutral, negative) in structured questionnaire, researchers have measured the level of attitude towards mutual fund and levels of preference of sources are to investment decision. It is found that, the investors attitude is not independent towards mutual fund on the basis of demographic and socio economic variable (age, gender, monthly income, investment level, educational qualification). Also, among selected sources, investors provide their highest preference to Brokers/Agents to make investment. The study has suggested some important policy measures such as regulatory change, creating investors awareness, encouraging the private companies to raise fund through mutual fund.