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Demographic Factors and Investment Pattern of Households in Haryana


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1 Haryana School of Business, Guru Jambheswar University of Science and Technology, Hisar, India
     

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The present paper is an attempt to know the role of demographic factors in the investment pattern of households in Haryana. The study is based on 200 respondents in Haryana only. Chi square test has been employed to test the relationship between demographic factors and various investment related characteristics. The study found that child marriage, emergency need, wealth creation and tax concession are the major objectives of the savings of household investors and insurance, postal schemes are most preferred investment avenue by the household investor of Haryana. The study also observed that high rate of return; safety and liquidity are most effective factors affecting investment decisions of household investors of Haryana. The study concluded that the demographic factors have affect on selecting investment avenues, investment objectives, sources of information for investment decision of households in Haryana.

Keywords

Investment Avenues, Conservative, Aggressive, Demographic, Return.
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  • Demographic Factors and Investment Pattern of Households in Haryana

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Authors

Suresh K. Mittal
Haryana School of Business, Guru Jambheswar University of Science and Technology, Hisar, India

Abstract


The present paper is an attempt to know the role of demographic factors in the investment pattern of households in Haryana. The study is based on 200 respondents in Haryana only. Chi square test has been employed to test the relationship between demographic factors and various investment related characteristics. The study found that child marriage, emergency need, wealth creation and tax concession are the major objectives of the savings of household investors and insurance, postal schemes are most preferred investment avenue by the household investor of Haryana. The study also observed that high rate of return; safety and liquidity are most effective factors affecting investment decisions of household investors of Haryana. The study concluded that the demographic factors have affect on selecting investment avenues, investment objectives, sources of information for investment decision of households in Haryana.

Keywords


Investment Avenues, Conservative, Aggressive, Demographic, Return.