Journal
| Title | Investors’ Behaviour in Perspective of Educational Qualification and Income in Futures Trading | |
| Author's Name | Agha Nuruzzaman and Asad Rehman | |
| ISSN | 0974-7281 | |
| Page(s) | 76-91 | |
| Volume No. | 4 | |
| Issue Month | January 2012 | |
| Keywords | Confidence, Education, Futures, Income, Risk attitude | |
| Abstract | The Behavioral finance experts have proved it quite well that investment decision making is not a completely rational process. Individuals’ investment decisions are guided by not only their intellectual aspects but also the emotions, desires & prejudices one has. These are the factors which weave out their goals. Gender, age, income, education, wealth and marital status of individuals also influence the investment decision. This paper investigates how income and educational qualification of retail investors affect their investment decisions in futures market in India. The study employs primary data collected from a sample of 411 retail investors who trade in futures and options with the help of a structured questionnaire. The survey was carried out in Delhi, NOIDA, Gurgaon, Agra and Aligarh during March- November 2010. The results indicate that income and educational qualification are significant factors impacting the trading behavior of retail investor in Indian futures market. |
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