Investment Pattern Over the Life Cycle of Family(2)
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Transcript of Investment Pattern Over the Life Cycle of Family(2)
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Investment pattern over the life cycle of family
,Institute for Technology and Management Kharghar August 2010
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Agenda
Investment pattern over the life cycle of family Introduction, Management Problem Research Objective Research Variable
Research Methodology, Assumptions and Hypothesis Test Applied and output Analysis & Interpretation, Findings, Conclusion and Suggestions, Learning.
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Introduction This research is conducted in order to identify and understand
saving and investment patterns as well as object based on agegroup, income group and stages of life an Indian family goesunder.
This research would fruitful in introducing a financial productaimed at focused group
R esea rch O b je ctive s
,ome invested and period of investment by different age groups income groups a.ference life stages
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Research Variables
Exploratory research Survey Questionnaire
Convenient Sampling Sample population is 204.
R ese a rch M e th o d o lo g y
A ge G rou p In com e g rou p s
Life stag e s In ve stm en t p re fe ren ces
Pe riod o f in ve stm en t Pe rcen tag e o f d ispo sab le in com e fo r in ve stm en t
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Reliability Statistics
Cronbach'sAlpha
No of Items
.659 56 . %,R eliab ility a n a lysis of th e co lle cted d a ta is 65 9 w hich m e an it is
.m o d era te ly re liab le d a ta
Data Analysis
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Where do Indian put there money?
The chart represent the where people invest most into. Saving account, bank fixed deposit , insurance and Gold/silver attract most
investable income. Only 405 of respondent invest into equity marketdirectly. Others invest through other investment products such as mutualfunds, bonds, PPF, NSC, Post office savings.
o w r i sk I n ve s tm e nt s e di um r is k i g h r i s k T r a d i t i o n a l U p c o m i n g
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Chi-Square Tests Value df Asymp. Sig.(2-sided)Pearson Chi-Square 9.474 a 10 .488
Likelihood Ratio 9.740 10 .464
Age groups investment pattern
H 0 : /There isno statisticalsignificantdifference b w age groups:H 1
Reliability StatisticsCronbach'sAlpha
N of Items.226 3
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as
-hi Square TestsValue df . . ( -symp Sig 2
)ided-earson Chi
Square.2 677 a 15 .091
ikel ihood
Rat io .7 153 15
.028
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as
aired Samples Test a ir ed D if fe re nc es t df .ig
( - )ai led%5 Confidence
nterval of the Differenceean .td
Deviat ion
.td r rorMean
Lower Upper
Pair1
% What of savings do
you invest?- Age Group
- .1 09314 .1 34865 .09442 - .1 27932 -.90696 - .11 577 203 .000
Pair2
What is the time period
you prefer-to invest? Age Group
-.36765 .1 47128 .10301 -.57075 -.16454 - .3 569 203 .000
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H0: There is no statistical/significant difference b w
income groups and period of.investment
H1: Period of investment increases with increasing
income .Null hypothesis rejected
There is a significant difference between the two
.factors High degree of association
( : %)is observed Sig 100
Investment pattern based on Income group
Reliability StatisticsCronbach'sAlpha N of Items.441 3
Chi-Square Tests Value df Asymp. Sig.
(2-sided)Pearson Chi-Square 26.412 a 6 .000Likelihood Ratio 25.055 6 .000
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A s
Chi-Square Tests Value df Asymp. Sig.
(2-sided)Pearson Chi-Square 18.442 a 4 .001Likelihood Ratio 19.061 4 .001
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Findings, Conclusion and Suggestions
as
aired Samples Test Paired Differences t df .ig( -
)ai led
%5 Confidence
nterval of the Differenceean
.td
Deviat ion
.td
r rorMean
Lower Upper Pair
1 What percentage
of savings do you-invest? Annual Household income
-.49261 .85810 .06023 -.61136 -.37386 - .8 179 202 .000 Pair
2 What is the time
period you prefer-to invest?
Annual Householdincome
.22660 .1 05675 .07417 .08036 .37285 .3 055 202 .003
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As
Chi-Square TestsValue df Asymp.
Sig. (2-sided)Pearson Chi-Square 14.448 a 10 .154Likelihood Ratio 11.805 10 .298
Reliability StatisticsCronbach's Alpha N of Items.266 3
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As
Chi-Square TestsValue df Asymp. Sig.
(2-sided)Pearson Chi-Square 23.105 a 15 .082Likelihood Ratio 26.278 15 .035
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as
Paired Samples TestPaired Differences t df Sig.
(2-tailed)95% Confidence Interval of the Difference
Mean Std.Deviation
Std.ErrorMean
Lower UpperPair 1 What %of savings doyou invest? - currentstage of life?
-.64706 1.47322 .10315 -.85043 -.44368 -6.273 203 .000
Pair 2 What is the time period you prefer toinvest? - currentstage of life?
.07843 1.68263 .11781 -.15385 .31072 .666 203 .506
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Multiple Regression
As
odel SummaryR R Square Adjusted R Square .Std Error of the
Estimate.265 a .070 .051 .97616. : ( ), , , ,a Predictors Constant Gender Age Group Annual Household income current stage.of life
Coeff ic ients a ns tanda rdi zed Coeff ic i en t s .ig . %5 0 Confidence
nterval for B.td Error ower Bound pper Bound( )Constant .1 552 .359 .4 328 .000 .845 .2 259 Annual Householdincome
.373 .104 .3 575 .000 .167 .578 Age Group .082 .089 .924 .357 -.093 .257
current stage of life -.042 .074 -.566 .572 -.188 .104Gender .018 .157 .114 .909 -.291 .327. :a Dependent Variable What is the time period you prefer to invest?
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As
odel SummaryR Square djusted R
Square.td Error of the
Est imate.283 a .080 .061 .64645. : ( ), , , ,a Predictors Constant Gender Age Group Annual Household income current stage
.of lifeCoeff ic ients a
.nstandardized Coefft Sig.
. %5 0 Confidence Interval or B.td Error ower Bound pper Bound( )Constant .1 621 .238 .6 826 .000 .1 153 .2 089.Ann Household income .164 .069 .2 368 .019 .027 .300
Age Group -.154 .059 - .2 620 .009 -.270 -.038 current stage of life .149 .049 .3 037 .003 .052 .245Gender -.040 .104 -.382 .703 -.244 .165. :a Dependent Variable What percentage of savings do you invest?
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ANOVA Sum of
Squaresdf Mean
SquareF .Sig
/I am cautious in trying new different financial products
BetweenGroups
.9 497 5 .1 899 .1 361 .241 Within Groups .276 439 198 .1 396Total .285 936 203I try to find out as much as I can
about a financial product before.buying it
BetweenGroups
.11 159 5 .2 232 .2 391 .039 Within Groups .184 777 198 .933Total .195 936 203
I would rather stick with a product I usually buy than try something I am
.unfamiliar with
BetweenGroups
.33 789 5 .6 758 .5 758 .000 Within Groups .232 383 198 .1 174Total .266 172 203
It is better to be safe and have a moderate income than to take financial risks to make a high
.income
BetweenGroups
.11 684 5 .2 337 .1 695 .137 Within Groups .273 002 198 .1 379Total .284 686 203
I am more comfortable in putting my money in a bank account than in the
.stock market
BetweenGroups .
48 046 5.
9 609.
5 925.000
Within Groups .321 131 198 .1 622Total .369 176 203,In terms of investing safety is more.important than returns
BetweenGroups
.5 962 5 .1 192 .1 073 .376 Within Groups .219 936 198 .1 111Total .225 897 203
I plan my investments after giving considerable thought to the
consequences
BetweenGroups
.4 566 5 .913 .1 050 .389 Within Groups .172 120 198 .869Total .176 686 203
Anova on Stages of life
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Mean Plot for risk factor and stages of life
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Mean Plot for risk factor and stages of life
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Learning's
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Thank You:Presented By Group 4
Roll No Name71 Ajay Garg50 Arun Thakur23 Ashish Shrivastava137 Goldi37 Gunjan Agarwal175 Pooja Shugani113 Ruchir Masand22 Yash Ahuja
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Assumptions and Hypothesis