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Pendse, Vishwas
- Personal Financial Planning Behavior of Investors in Ahmednagar
Abstract Views :146 |
PDF Views:64
Authors
Affiliations
1 PDVVPF’s IBMRD,Ahmednagar, IN
2 C.D.Jain College, Shrirampur, IN
1 PDVVPF’s IBMRD,Ahmednagar, IN
2 C.D.Jain College, Shrirampur, IN
Source
IBMRD's Journal of Management & Research, Vol 2, No 1 (2013), Pagination: 324-333Abstract
Over the past retirement planning has become less of an institutional and more of an individual responsibility. The reasons for this change are well known and include a shift from defined benefit to defined contribution retirement programs, longer life spans, and growing uncertainty and even company pensions. The savings rate has been declining on one hand and process of portfolio management becoming more and more complex. The Government of India intends to spread financial literacy and awareness through its ambitious policies. The investors though are aware of need of systematic planning; do not engage them in such effort. The present study is an attempt to understand the underlying reasons for such disinterest by investors. Many reasons such as lack of knowledge of financial planning, unawareness of the role of financial planners, self rated expertise was found to be prominent among them. The study is limited to Ahmednagar city and can be useful in identifying underlying reasons for non engagement in financial planning or help by professionals.Keywords
Socio Demographic Characteristics, Financial Planning- Financial Management Practices of Investors:An Insight from Monthly Budgetary Allocation
Abstract Views :97 |
PDF Views:78
Authors
Affiliations
1 Dr. Vikhe Patil Foundation's IBMRD, Ahmednagar, MS, IN
1 Dr. Vikhe Patil Foundation's IBMRD, Ahmednagar, MS, IN
Source
We'Ken- International Journal of Basic and Applied Sciences, Vol 2, No 1 (2017), Pagination: 1-7Abstract
With less than 1% of population in organized employment coupled with shifting of government focus from a regulator to a facilitator socialist welfare state the onus of retirement planning and life after retirement has been rested with individual. The budgetary allocation towards investment irrespective of its type has become imperative for investors in order to take care of their post retirement life. The study investigated budgetary allocation of retail investors for various budgetary heads which included daily necessities in order to fulfill their short term and long term goals. Two important constituents of financial management namely goal setting and budgetary allocation were inquired and it was found that majority of investors though acknowledge the importance of financial planning, they do fail to put it into practices and seldom engage themselves in record keeping and disciplined investing mode. Rather to achieve the goals majority of respondents do not have fixed provision or proportion of income that is set aside to achieve it.Keywords
Budget, Financial Management Practices, Financial Planning.References
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