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RESEARCH PROJECT REPORT
ON
“COLLEGE STUDENTS PREFERENCE TO INVEST IN
SHARE MARKET IN VARANASI CITY”
Submitted in partial fulfilment of the requirement for two year
POST GRADUATE DIPLOMA IN MANAGEMENT
(SCHOOL OF MANAGEMENT SCIENCES, VARANASI)
SUBMITED TO SUBMITED BY
Dr. Shardul Chaubey Manoj Jain
Reader, SMS BBA 4th Sem.

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Acknowledgement
In the successful completion of this project inspiration and
guidance of many people was involved. A mere form of
acknowledgement would be demeaning the status of this whole
effort which has had the blessings and supervision of the eminent
person around me.
First of all I would like to thank whole heartedly Mr.
Shardul Chaubey Who was there to guide me at every step during
the course of this project. She gave me tips for the improvement in
project whenever required. Special thanks to Prof. P .N. Jha,
Director, SMS for providing eminent direction. Apart from this I
feel indebted to all faculty members of SMS, especially who have
helped, developed the right kind of attitude and scholastic excellence
in me. Last but not the least; I am very thankful to my parents,
friends and all those persons who made this research project
possible, for their consistent guidance and constructive criticism.
Manoj Jain
BBA 4th Sem.

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The conventional reason for investing in the stock market--
perhaps offered with a bit less confidence now that we're in
the midst of a stock market crash--is, "It offers higher
returns." But that gets us ahead of ourselves. We can learn a
lot by taking a couple of steps back and looking first at our
financial goals.
Most people have a long list of financial goals, starting withthings like paying the rent, putting food on the table, keeping
the lights turned on, and so on. Work your way down the list
and you get to things like replacing the old car, buying a
house, putting the kids through college, and (sooner or later)
retiring.
Most people's wants, if you list them all out like that, will
exceed their expected lifetime earnings (even before including
the Ferrari, apartment in Paris, yacht, and private jet). And

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that's why people so automatically shoot for investments that
offer the maximum returns--outsized returns are their only
hope of satisfying all their wants.
That thinking, though, leads people to make all sorts of poor
choices.
As a thought experiment, imagine someone whose wants
could be comfortably satisfied by his or her income. (Since
wants tend to expand without limit, I admit this is a bit tricky,
but give it a try.) Such a person wouldn't need to invest at all(beyond establishing an emergency fund). In fact,
investments would only make sense in the context of some
particular goal--leaving a legacy for example.
I'd like to suggest that this is really true of everyone. You just
lead yourself astray if you line up all your wants on one side,
and then create an aggressive portfolio on the other, hoping
for some big wins to bridge the gap between your income and
all the stuff you want.
Note that I'm not suggesting that you target particular
investments to specific goals--that's definitely the wrong
approach. Your entire investment portfolio supports all your
goals. Rather, the defect is in letting your wants grow without
bound, putting you in a situation where the sum of your

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income and the return to ordinary saving still doesn't add up
to enough to satisfy them.
Now, it's fine to have some out-of-reach desires. (For
example, I'd like to have a private rail car, which although
much cheaper than a private jet, is still likely to be forever
beyond my means.) The problem is letting them get out of
control in a way that distorts your entire investment strategy.
My suggestion is that you classify your wants into the
important ones and the unimportant ones--and that theportion of your portfolio that's going to fund the important
ones needs to be conservatively invested.

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Sr. Particulars Page no.
1 Preface 2
2 Acknowledgement 3
3 Executive summary 4
4 Introduction about the company 65 Research Objectives 13
6 Research Methodology 14
7 Data analysis 15
8 Findings 30
9 Limitations 31
10 Conclusion 32
11 Bibliography 33
12 Annexure 34

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INTRODUCTION
The lesson plan is divided into two activities. The Introductory Discussion
provides context and vocabulary for the lesson and Activity 1 provides an
application activity for extension of the concepts learned in the lesson.
Activity 2 is intended to raise student awareness of the lesson subject, to
introduce larger concepts, and to pose challenging questions.
Instructional Goal
Students become familiarized with the impacts of international investments
Learning Outcomes
• Students define the role of investment in an economy.
• Students compare and contrast the types of foreign investment.
• Students understand the differences between foreign direct investment
and foreign portfolio investment.
• Students apply knowledge of foreign investment to understand current
events

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Materials
1. Copies of Handout 1, “Questions on Foreign Investment Reading”
2. Copies of Handout 2, “Advanced Discussion Questions”
3. Copies of Handout 3, “Investment Scenario”
Time Required
2-3 classes
Procedure
Introductory Discussion and Activity 1
1. Have students read the Investment Brief sections entitled,
“Introduction,” “Why Do Companies Invest Overseas,” and
“Concerns About Shifting Production Due to Foreign Investment”
pages, either on-line or printed out, either in-class or as homework,
depending on your preference and student access to computers.
2. Start the lesson with a brief review of key investment terms discussed in
the reading and in the Introductory Activity. Students need a firm grasp
of the broad concepts of investment prior to learning more specific

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nuances. Prior to moving forward, be sure that students understand the
basic dynamics of foreign investment, that companies choose to invest
in other countries for a variety of economic reasons, and that a closer
review of an often-articulated argument against foreign investment
provides a balanced perspective.
Glossary of Terms:
http://www.globalization101.org/issue_sub/investment/Glossaryte
rm/
Import Substitution Industrialization: An international economic and
trade policy based on the belief that a nation should reduce its
dependency on foreign investment and goods by domestic production of
industrial goods
Interest rates: Interest rates have a powerful effect on the volume of a
nation's money supply. By raising interest rates, i.e., making the cost of
borrowing money more expensive, governments or banks can decrease
the money supply. A decrease in the money supply tends to be counter-
inflationary, which makes a currency more valuable compared to other
currencies.
3. Distribute Handout 1 with discussion questions on the nature of foreign
investment. The questions are divided into three subsets, corresponding

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to different portions of the Investment Issue Brief: “What Are the
Different Kinds of Foreign Investment?”; “Differences Between
Portfolio and Direct Investment”; and, “Why Has Foreign
Investment Increased So Dramatically in Recent Decades?”
4. Students will answer the questions in a “jigsaw” exercise. Divide
students into groups of threes, and assign each student to respond to one
subset of questions. Each student will then share his or her answers
with the other students in the group. Each group should then present its
answers to the class.
5. You may conclude with one of two options. First, you may summarize
the discussion, drawing student attention back to the student objectives,
checking for knowledge, and then providing a concluding assessment
activity (if necessary).
6. Alternatively, you may assign the students the questions from Handout
2 to respond to as homework or as an in-class writing assignment. (The
first two questions are also provided on the website)
Activity 2: Role-Playing Exercise
1. This activity will present a brief scenario concerning a nation newly
open to investment. A variety of investment choices will be available,

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and students will discuss the choices. Then, the facts of the scenario
will change, and students will review their choices based on the changed
circumstances.
2. The scenario, described in Handout 3, is that of a small country whose
Finance Minister is trying to attract new foreign investment and has
three options for how to do so.
3. Read the scenario in Handout 3 to the class or provide a copy of
Handout 3 to each student. Acting as the Finance Minister, ask students
to evaluate the three different options for how to attract foreign
investment. Students may answer orally in-class as a group, or
individually as a written in-class or homework assignment.
4. Depending on your preference, you may assign students to do extra
research using the Globalization101.org website, such as using the links
in the Investment Brief and in the Links section of the website to find
out more information about foreign investment from governments,
international organizations, or media websites.
5. After the students have tackled the initial round of questions, you can
modify the scenario and have students respond to a new set of
circumstances, such as the following:

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• In the course of the deliberations, a series of violent incidents are
initiated by a new, previously unknown revolutionary group. The
group seeks to subvert the new government and seize private
assets for redistribution to the poor. (Comment: threats to private
property tend to frighten investors, and general unrest may lead to
widespread civil disorder—a bad climate for development,
discouraging large commitments by banks and other investors.
Governments may see loans as a way of pacifying the
revolutionaries.)
• A report by a human rights organization claims that in the new
government’s zeal for domestic peace, large numbers of
intellectuals and dissenters are being arrested and held without
trials. (Comment: governments and international organizations
often are concerned with public opinion in their home countries,
and may seek to connect more freedom with more loans, or may
wait until the political climate is more favorable. This usually has
little effect on private investors.)
• The Finance Minister informs his staff that a group of commercial
banks has indicated that they will provide substantial loans to the
country, if they can receive commitments from the government
that the money will be used for a series of infrastructure projects.
These projects, however, are very unpopular with some citizens,
and include a new oil pipeline and the damming of a rural river.

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(Comment: popular discontent towards foreign banks and the
perception that these banks are seeking to tell the country what to
do may lead to unwillingness on the part of the government to
seek these loans. Conversely, the government may have intended
the money for these uses anyway. International investors may be
reluctant to get involved when local politics (in the Finance
Minister’s country) are at issue.
6. End the scenario by asking students to think of the last two decades in
world history. What events have occurred that have created situations
like the one in the scenario (most classes will probably already have
made that connection in the discussion, but the end of the Cold War is
the most likely example)?. What countries still are either closed to
foreign investment or only just starting down that path (for example,
Cuba)?. How would the students describe a country like China in this
context—open to investment, yet still controlled by a strong government
that imposes many limits? Ask the students how knowledge of foreign
investment helps them to understand today’s global financial crisis.

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RESEARCH OBJECTIVES
MAIN OBJECTIVE OF THE RESEARCH
The objective of my research is “TO STUDY INVESTOR
INVESTMENT BEHAVIOR IN STOCK MARKET & SUGGESTING
GOOD INVESTMENT STRATEGY “
OTHER OBJECTIVES
To study the investment habit of the people in the stock market.
To know about the people’s preference for investment whether
investment or trading
To understand the frequency of investment in the market
To analyze from total saving how much portion of amount people invest
in stock market
To understand how much people invest at a time
To know that for how much period people invest in stock market

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To understand the expected return of people from investment
To know on what basis people invest in stock market
The preference of people for investment in a particular sector
To analyze the preferred price range of share by people
To understand the people’s investment strategy
To find out the common mistakes made by investors
To define certain views for making money in stock market

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RESEARCH METHODOLOGY
RESEARCH APPROACH
To achieve this objective I have conducted a survey and then collected
data and analyzed it and lastly find out the needed results
SAMPLING METHOD
I have used simple random sampling method for my research
SOURCES OF DATA COLLECTION
Data sources of are two types
1) Primary data sources
2) Secondary data sources
1) Primary data sources
Primary data can be collected through the questionnaire. Which contain
the different question about the investment behavior and investment
strategy. Primary data sources are very helpful for research. This
provides information related to the investor’s investment behavior &
investment strategy.

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2) Secondary data sources
Secondary data can be collected through e-learning. It provides
information regarding Geojit Financial Services Limited
SAMPLE SIZE
I used 60 samples for my study
STATASTICAL TOOL USED FOR DATA ANALYSIS
PERCENTILE METHOD
AREA OF STUDY
THE CUSTOMERS OF GEOJIT FINANCIAL SERVICES LIMITED,
MEHASANA

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DATA ANALYSIS
1) Do you think about financial planning?
a)Yes b) No

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2) Do you know about Share Market?
a)Yes b) No

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3) Do you have a Demat Account?
a)Yes b)No

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4) Have you ever invested in Share Market?
a)Yes b) No c) Thinking

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5) Who made you to invest in Share Market?
a) Suggested by a friend b) Own interest
c) Influence by an Agent d) Other

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6) Since how long have you been investing in Share Market?
A)Last 1 year b)Last 2 years c)Recently

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7) How was your experience in Share Market?
a) Good b) Average
c) Worst d) Excellent

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8) “Investing in Share Market is a Wise decision”
a) Agree b) Disagree
c) Strongly Agree d) Strongly Disagree
0%
5%10%
15%
20%
25%
30%
35%
40%
45%
Agree Disagree Strongly
Agree
Strongly
Disagree
Series1

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9 In which sector will you like to invest your money in Share Market?
a)Equity b)Commodity
c)Future d)Currency
EquityCommodity
Future
Currency

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10) If in Equity then which script will you prefer?
a)Pharma b)FMCG
c)Banking d)IT e)Others
30%
25%
17%
13%
15%
Pharma FMCG Banking IT Others

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11) Which type of investing do you prefer?
a) Trading b)Long-term
c)Short-term d)None of Above
0%
10%
20%
30%
40%
50%
60%
70%
Trading Long-term Short-term None of
Above
Series1

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12) Through which medium do you invest your money in Share Market?
a)Broker b)Computer
c)Mobile d)Others
0%
10%
20%
30%
40%
50%
60%
Broker Computer Mobile Others
Series1

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13) TA/hat’s your primary objective?
a)Dividend b)Capital gain c) Other
Dividend
Capital gainOther

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14) Which type of Fund do you invest in Share Market?
a)Own Fund b)Borrowed Fund
Series10%
50%
100%
Own FundBorrowed Fund
Series1

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15) “Share Market is subject to market risks”
a)Agree b)Disagree
c)Strongly Agree d)Strongly Disagree
Agree
Disagree
Strongly Agree
Strongly Disagree

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16) In which segment of Equity do you prefer to invest?
a)Small cap b)Midcap
c)Large cap d)None of these
0%
5%
10%
15%
20%
25%
30%
Small cap Midcap Large cap None of
these
Series1

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17) Why you do not prefer to invest in Banks and Government
Securities?
a)Only Fixed and Less return b)Time Boundation
c)No Capital Gain d) Other
40%
15%
25%
20%
Only Fixed and Less
return
Time Boundation No Capital Gain Other
Series1

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People who invest in stock market have experience of stock market
average 2 to 4 years.
Most of the people do not want to invest in stock market more than 2
lack.
Many people take decision to invest in stock market as per opinion of
their friends and relatives.
People prefer to invest in stock market rather than trading
People who invest in stock market have some investment knowledge &
understanding regarding stock market.
Most of the people make investment in stock market weekly or monthly.
People would like to invest about 40% of their saving in stock market.
People like to invest up to 10,000 rs. At a time

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Most of the people would like to invest for 1 to 3 months in stock
market.
Most of the people expect 15 % return of their investment.
Most of the people invest on the basis of their own study, broker’s
advice & market situation.
Most of the people prefer to invest in energy & power sector and
banking & construction sector.
Most of the people prefer price of share about 50 to 100 rs.
Invest in company which give good return to shareholder & have good
performance.
Take delivery and wait up to sufficient return
Intention (market) environment based selection of sector and in that
sector invest in powerful companies
Long term investment in powerful companies in recession time
Study the companies, make your own policies for investment and do not
fall victim of fear and greed

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Some of the respondent does not give proper answers of questions.
Respondent refuse to give answers of questions.
Mostly in my research I have to face language barrier, people do not
understand English language well, so I have to explain them in Gujarati.
It is difficult to complete the research well in 21 days.
Some respondent tries to avoid feeling questionnaire.

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It is a good experience for me to conduct research about study of investor
investment behavior in stock market & suggesting good investment strategy.
It will prove very helpful to me in my future career.
While conducting this research I can understand the strategies of the people
who invest in stock market, their preference for investment, their experience of
stock market, frequency of investment, expected return, on which basis they
invest & their views to about to make money in stock market.

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WEBSITE
www.geojit.com
ANNEXURE
Questionnaire

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I Manoj lain of BBA 4th semester am conducting survey on
COLLEGE
STUDENTS PREFERENCE TO IN VEST IN SHARE MARKET in
Varanasi city.
• NAME:
• GENDER:
• AGE:
• OCCUPATION:-
1) Do you think about financial planning?
a)Yes b) No
2) Do you know about Share Market?
a)Yes b) No
3) Do you have a Demat Account?
a)Yes b)No

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4) Have you ever invested in Share Market?
a)Yes b) No c) Thinking
5) Who made you to invest in Share Market?
a) Suggested by a friend b) Own interest
c) Influence by an Agent d) Other
6) Since how long have you been investing in Share Market?
A)Last 1 year b)Last 2 years c)Recently
7) How was your experience in Share Market?
a) Good b) Average
c) Worst d) Excellent
8) “Investing in Share Market is a Wise decision”
a) Agree b) Disagree
c) Strongly Agree d) Strongly Disagree
9 In which sector will you like to invest your money in Share Market?
a)Equity b)Commodity
c)Future d)Currency
10) If in Equity then which script will you prefer?
a)Pharma b)FMCG
c)Banking d)IT e)Others
11) Which type of investing do you prefer?
a) Trading b)Long-term
c)Short-term d)None of Above
12) Through which medium do you invest your money in Share Market?
a)Broker b)Computer

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c)Mobile d)Others
13) TA/hat’s your primary objective?
a)Dividend b)Capital gain c) Other
14) Which type of Fund do you invest in Share Market?
a)Own Fund b)Borrowed Fund
15) “Share Market is subject to market risks”
a)Agree b)Disagree
c)Strongly Agree d)Strongly Disagree
16) In which segment of Equity do you prefer to invest?
a)Small cap b)Midcap
c)Large cap d)None of these
17) Why you do not prefer to invest in Banks and Government
Securities?
a)Only Fixed and Less return b)Time Boundation
c)No Capital Gain d) Other
Thanks for giving your valuable time and support towards filling this
Survey.

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