Global Journal of Research in Management

Varsha Gondaliya ¹, Dhaval Pandya ²

Affiliations
1 Ph.D., Financial Anxiety and Financial Advice, School of Commerce and Management, Dr. Babasaheb Ambedkar University, Anhmedabad
2 He is Enthusiastically Guiding Five Research Scholar, Four as Philosophy in Doctorate, Masters of Philosophy, IN

Abstract

Investment is an activity done by an investor for many purposes from their financial savings. It is the way in which salaried people can earn extra income or reduce the tax. The present study is considering different reasons for saving, investment avenues and factors affecting investment of salaried people working in different sectors. Structured questionnaire is designed and circulated among 214 prospective respondents with diversified age, income and education. Non probability sampling design yielded 153 responses from Surat - an economic capital of Gujarat state. The effort is made to factorize various desires for savings and to know saving and investment pattern of salaried people. Collected responses were factorized using exploratory factor analysis and the result includes seven statements, represented by two factors named as Living Augmentation and future Orientation, aggregately explained 42.72 percentage of variance. Correlation and one way ANOVA is also used to find a relationship between different variables from which conclusion has been made that income of salaried people and savings are significantly related and as saving increases investment also increases of the same class people. The study enables future researchers to expand the knowledge in the area of savings and investment by combining it with financial literacy or financial anxiety and various demographic characteristics of population of India.

Keywords

Factor Analysis, Investment Avenues, Saving and Investment Pattern.

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Sumit Gopaldas Dhamani ¹, Varsha Gondaliya ²

Affiliations
1 Assistant Professor, Vivekanand College for BBA Affiliated to Veer Narmad South Gujarat University
2 Headship, Bachelor of Business Administration Course, Vivekanand College for BBA, Affiliated to VNSGU, IN

Abstract

The paper studies the factors responsible for the usage of debit/credit cards among the banking customers of Surat city in India. Primary data is compiled using structured questionnaire method along with reference of secondary information from various research articles and certified journal publications A sample of 186 respondents was considered by drawing sample through non-probability convenience sampling method. Factor analysis was used to analyse the data. Questionnaire was framed by considering variable like Security in usage of cards, Convenience, Risk associated with carrying cash compared with cards, Suitability to Personality, Benefits available, Cheapest when compared with carrying cash, Good customer services, Discounts, Reliability, Safety and Control on Black Money. The analysis discloses that three factors namely Reliability (Safety), Discount and Personality are prime factors responsible for usage of debit/credit cards.

Keywords

Plastic Money, Debit Card, Credit Card.

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