Socio-economic factors on Individual Behaviour of Mutual fund in Chennai City, India: Evidence from Juvenile age group

Abstract

Juvenile age group face new and daunting economic challenges that stem from a number of sources including the financial market breakdown, outburst of the housing bubble, and the rapidly changing demographics of the nation. Using survey data, this study reveals that gender, income, knowledge, and experience emerge as important personal and social influences on juvenile age group investing behaviors in mutual funds. This underscores the importance of financial socialization of juvenile age group at school and home. In an economic downturn that demands individual responsibility and self sufficiency, wealth management is an essential component of a successful adult life. Given the importance of financial well-being, understanding these influences and contributing factors in investing behaviors in mutual funds may pay off significantly for juvenile age group’ financial future.

Keywords: Individual Behaviour, Socio-economic, Mutual fund and Chennai City