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    Male Female Total: Gender No. of Respondent Percentage

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    noufal
    The document summarizes survey results about respondents' financial planning habits. It finds that most respondents were between ages 21-45, the most active career stage. It also finds that most respondents earned under $2,000 annually and were moderately willing to take risks, with risk tolerance decreasing with age. Most common investments were life insurance, fixed deposits, mutual funds and PPF funds.

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    Male Female Total: Gender No. of Respondent Percentage

    Uploaded by

    noufal
    28 views14 pages
    The document summarizes survey results about respondents' financial planning habits. It finds that most respondents were between ages 21-45, the most active career stage. It also finds that most respondents earned under $2,000 annually and were moderately willing to take risks, with risk tolerance decreasing with age. Most common investments were life insurance, fixed deposits, mutual funds and PPF funds.

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    The document summarizes survey results about respondents' financial planning habits. It finds that most respondents were between ages 21-45, the most active career stage. It also finds that most respondents earned under $2,000 annually and were moderately willing to take risks, with risk tolerance decreasing with age. Most common investments were life insurance, fixed deposits, mutual funds and PPF funds.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    28 views14 pages

    Male Female Total: Gender No. of Respondent Percentage

    Uploaded by

    noufal
    The document summarizes survey results about respondents' financial planning habits. It finds that most respondents were between ages 21-45, the most active career stage. It also finds that most respondents earned under $2,000 annually and were moderately willing to take risks, with risk tolerance decreasing with age. Most common investments were life insurance, fixed deposits, mutual funds and PPF funds.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 14

    Gender Percentage

    No. of Respondent
    Male
    Female
    Total
    6.1. Age distribution of the respondent

    Age group of respondents No. of Respondent Percentage


    21-30 42 44.4%
    30-45 18 40/7%
    45-60 11 8.2%
    above 60 4 6.7%
    Total 80 100%

    INTERPRETATION

    Almost 70% of respondent was from age group 21yrs to 45yrs this is considered to be most
    active age group. During this age, life of an individual changes very drastically. The career is in
    growing stage in starting few years and there are hardly any responsibilities, at this time there is a lot
    of funds available for disposal. It is this age where maximum risk can be taken and a greater period
    can be given to grow the amount invested. As a person enter into their 30’s they have increased family
    responsibility and gradually the risk taking ability reduces with the age. With a greater portion of such
    population included in data collection a greater degree of understanding can be gained how financial
    planning is done by young India.
    6.4 Age distribution of the respondent

    Income Respondent Percentage


    upto 2,00,000 18 36
    2,00,000 - 3,00,000 13 26
    3,00,000 - 4,00,000 9 18
    4,00,000 - 5,00,000 6 12
    above 6,00,000 4 8
    Total 50 100

    INTERPRETATION

    Financial planning is about assessing our present cash flows; estimating the required cash flow after a certain
    period of time and to determine the steps required to achieve this over a period. The amount of disposable
    income at hand determines various investment decisions. It also helps in making tax plans so that maxim benefit
    can be gained through various tax exemptions. So it is necessary to know the income inflow of an individual.
    The above graph shows that a major portion of respondent are in income slab of upto Rs.2,00,000 p.a.; this
    indicates that the persons may be in the beginning stage of career. With increasing income slab the no of
    respondent are reduced.
    6.3. Person willingness to take risk according to age

    Age group Willingness to take risk Total


    High Moderate Low
    21-30 8 8 1 17
    31-45 7 9 2 18
    46-60 2 4 5 11
    above 60 1 1 2 4
    Total 50

    The investment decisions are more based on the willingness to take the risk rather than the
    ability to take risk. The above graph describes the willingness to take risk at various life
    stages. At the younger age people are more willing to take risk which reduces over the
    years as responsibility increase. Although different individual may have different
    preferences which could contradict their age. Many a time investment is a function of
    willingness rather than ability which is clearly described by above graph.
    6.4. Investment made by the respondent in various avenues

    Avenue Respondent Percentage


    Life Insurance 50 100
    Fixed Deposit 31 62
    Mutual Fund 29 58
    Equity Market 14 28
    Gold 6 12
    PPF 41 82
    Post Office Deposit 24 48

    A fair idea of asset allocation of individuals in various asset class can be


    observed through this. It was observed that the all respondent had a life cover
    policy. This shows that the basics of financial planning were achieved. The next
    major portion was Provided Fund due to it being more secure investment and
    also tax exemption offered. Major investments were also made in Bank Fixed
    Deposits and Post Office Deposits. Equity was not a preferred investment
    among many due to its volatile nature but many used it as a long term
    investment by investing in large companies. Investment in gold was more in
    form of jewelry which is not a good option as investment. Very few invested in
    gold coins/bars and Gold ETFs.
    A fair idea of asset allocation of individuals in various asset class can be observed
    through this. It was observed that the all respondent had a life cover policy. This
    shows that the basics of financial planning were achieved. The next major portion
    was Provided Fund due to it being more secure investment and also tax exemption
    offered. Major investments were also made in Bank Fixed Deposits and Post Office
    Deposits. Equity was not a preferred investment among many due to its volatile
    nature but many used it as a long term investment by investing in large companies.
    Investment in gold was more in form of jewelry which is not a good option as
    investment. Very few invested in gold coins/bars and Gold ETFs.

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