Retail Investors and Indian Stock Market-A Survey of Kolkata

Authors

  •   Kajal Gandhi Department of Commerce(Morning), Shri Shikshayatan College

DOI:

https://doi.org/10.21095/ajmr/2016/v9/i1/103778

Keywords:

Retail Investors in Kolkata, Indian Stock Market, Chi-Square Test, ANOVA.

Abstract

The economic liberalization process undertaken by the Indian government during early 1990s has opened up new dimensions for Indian economy. The Indian capital market especially stock market has achieved new heights with the implementation of liberalized reforms. Since then the stock market has grown in leaps and bounds. Despite of such robust growth of stock market, participation of retail investors is minimal. In this paper a survey was undertaken in five cities of India to assess participation of retail investors. Indian retail investors still prefer traditional forms of investment like Bank Fixed Deposits, Post office savings, National Saving Certificates etc. Indian stock market remains to be dominated by Foreign Institutional investors and Domestic Institutional Investors. To counter affect such, it is necessary that domestic retail investors should participate more in the Indian Stock Market.

Downloads

Published

2016-03-01

How to Cite

Gandhi, K. (2016). Retail Investors and Indian Stock Market-A Survey of Kolkata. Adarsh Journal of Management Research, 9(1), 44–51. https://doi.org/10.21095/ajmr/2016/v9/i1/103778

Issue

Section

Articles

References

Barnewall, M.M. (1987). “Psychological Characteristics of the Individual Investor†.In W. Droms, ed., Asset Allocation for the Individual Investor, Charlottesville,VA.: The Institute of Chartered Financial Analysts.

Evans, J. (2004). “Wealthy Investor Attitudes, Expectations and Behaviors towards Risk and Returns.†Journal of Wealth of Management (Summer, pp. 1218).

Franke, T., Ho, T. and Christie, C. (2012). “The Chi-square Test Often Used and More Often Misinterpretedâ€. American Journal of Evaluation (vol. 33(3), pp. 448-458).

Kannadhasan, M. (2006).“Risk Appetite and Attitudes of Retail Investors with Special Reference to Capital Market.†The Journal of Management Accountant (Issue- June, pp. 448-453).

Lease, R. ,Lewellen, W., and Schlarbaum, G.( 1974).“The Individual Investor: Attributes and Attitudesâ€. The Journal of Finance (vol. 29, pp.413- 433).

Lewellen, W., Lease R. and Schlarbaum, G.(1977).“Pattern of Investment Strategy and Behavior among Individua l Investorsâ€. The Journal of Business (vol.50, No.3, pp.296-332).

Rajarajan, V. (2000). “Investor’s Lifestyles and Investment Characteristics.†Finance India (vol. XIV, No. 2, pp. 465-478).

Riley, W. and Chow, K. (1992). “Asset Allocation and Individual Risk Aversion.†Financial Analysts Journal (vol.48, No. 6, pp.32–37).

Schooley, D., and Worden, D. (1999). “Investors Asset Allocations versus LifeCycle Fundsâ€. Financial Analysts Journal (vol. 55, pp. 37–43).

Shah, J. (2012). “Markets in MotionsDevelopments that Matters in Financial Marketsâ€, Newsletter published by Financial Technologies Knowledge Management Company Ltd. (vol. 3, No. 29).

Warren, W, Stevens, R., and William, C. (1990).“Using Demographic and Lifestyle Analysis to Segment Individual Investorsâ€, Financial Analysts Journal (vol. 46, No. 2, pp. 74 -77).