sbi mutual fund in kerala - shodhgangashodhganga.inflibnet.ac.in/bitstream/10603/6350/13/13_chapter...

CHAPTER - V

SBI MUTUAL FUND IN KERALA

5.1 ECONOMIC PROFILE OF KERALA

5.2 CAPITAL MARKET ENVIRONMENT IN KERALA

5.3 MAJOR MUTUAL FUNDS IN KERALA

5.4 PERFORMANCE OF SBI MUTUAL FUND IN KERALA

5.1 ECONOMIC PROFILE OF KERALA

Kerala has unique features when compared to the other states of lndia. It

ranks very high in terms of the quality of life index, literacy level, reach of print

media, education. rnedical facilities, sanitation, banking facilities, access to NRI

funds and rate of nousehold savings The state appears to be particularly

equipped to develop a dery large constituency of investors in corporate securities.

Kerala, wh~ch Ineans the 'land of coconuts' and recenty described as

'God's Own Country 1s situated in the Southwestern tip of lndia with the Arabian

Sea on the west and the Western Ghats in the east. The state is divided into three

regions- the Coastai lowlands, the fertile m~dlands and the highlands.

Blessed with abundance of monsoons, Kerala is a lovely state with

sparkling streams, shlrnrnering backwaters and palm-fringed coastal areas. For

millions of people around the world, this state has come to mean a land of lush

green lagoons and scenic backwaters.

Kerala IS blessed with abundance of natural resources and human

resources. It has the largest resources of beach sands in lndia containing the

richest concentration of ilrnenite and monazite in the world. It has also the highest

density of science and technology personnel in lndia and a good communication

netwoi-k

Kerala has unlque cropping pattern. It accounts for 92 percent of India's

rubber. 70 percent of coconut, and 60 percent of tapioca and almost 100 percent of

lemon grass oil. Kerala is the single largest producer of a number of other crops

like banana and ginger oesides tea and coffee in abundance. Coir and cashew

are two of the largest traditional industries in the state. Handloom and bamboo-

based industries are well developed. Kerala accounts for about one third of India's

marine exports In 1951 the state announced a new industrial policy of

liberalization for pr~vate entrepreneurs

Kerala 1s the slate havlng the highest literacy rate. According to the census

of housing and ernpioyment there are lakhs of people who are working in other

states in lndia More !ria! 15 lakhs Malayalees work in Gulf countries alone. We

have the highest NRi rt.mlttances of Rs.7000 crores in the banks. Kerala is the

State having the rr:a:i!rli~lin number of non- resident Indians. They bring huge

amount of fore~gn exchange to the country. The Gulf boom increased the standard

of living of the people ihey are deploying their money for the construction of

palatial bungalows arid lot the consumption of luxurious articles. NRI investments

contribute a major portion of total deposits in Kerala.

The growth rate of population in Kerala has come down while life

expectancy has gone up The physical quality of life index in Kerala is quite high.

Kerala is the only state in which maximum people read newspapers. An analysis

of the consumption expenditure shows that the total expenditure in Kerala, both on

food and non- food items are higher than that of other states in the country.

Kerala's urban population spends a large portion of its total expenditure on food

than the rest of lndia

Consumerism is one of the important factors affecting Kerala economy.

People spend too rnucrl money on consumer durables. Since Kerala is a

consurner market, almost every Indian company opts Kerala for 'test marketing'.

After liberalization consumerism has developed in Kerala and saving mentality is

coming down with the entry of a lot of sophisticated articles into the market, a

major portion of the people's income is diverted to this channel

From the banking statistics of Kerala, the Cash Deposit (CD) ratio has

come down drast~cally Only a meager Increase was there in 1999. It is often

criticized that money raised by banks in Kerala especially through Gulf

remittances is mostly canalized into other states due to the lack of concrete

investment opportunit~es wlthin the state

Complex rnlxes of formal and semi- formal institutional systems, purely

informal and non- institutional arrangements of various kinds, have characterized

the Financial Sector In Kerala. During the seventies and in the early eighties a

large number of private untncorporated organizations sprang up like mushrooms

in Kerala. Most of them failed as quickly as they came up and brought misery to

large number of small investors. Early nineties witnessed a substantial increase in

the business of non-banking finance companies with Kuries and Chitties. In the

area of deposit mobilization, the co-operative banking system has provided a role

model for the country.

The Kerala model of development has been attracting international

attention for quite sometime. There is a high degree of rural development in the

state. This has happened much before the inflow of Gulf remittances and even

when the per captta consumption expenditure was lower than the national

average.

5.2 CAPITAL MARKET ENVIRONMENT IN KERALA

The state of Kerala offers tremendous opportunity for the rapid

development of the cap~tal market. because of the following reasons:

High literacy rate if properly marketed equlty culture will spread faster.

Lots of people have experience in work~ng with several sophisticated

markets in the world

Very low credit deposlt (CD) ratio among the banks of the state

. It has the largest number of no' es~dent lndrans

Thus if the profitability of investment in ~ndustrial securities is marketed

properly, Kerala car1 experience expioslve growth in the investment in capital

market. Before the establishment of Cochin Stock Exchange (CSE), the people of

Kerala had to depend on stock exchanges of Madras. Bombay, and Bangalore.

Keralites had therr Investments in commercial and co-operative banks, LIC,

Employees Provident Fund, Post Office savrngs and private Kuries all of which

had already spread thelr network in all parts of Kerala including its remote rural

areas, Investment in gold and real estate was another much appreciated form of

investment.

The volume of savings in an economy generally depends upon the level of

income and propensity to save. The level of income influences the propensity

itself. The rate of savlngs in Kerala is one of the highest among the 25 Indian

states. After liberalization the market was flooded with a number of issues in the

primary market. Investment of around Rs.60. 0001- crores was made by Indian

and foreign corporate by starting new jcint ventures or by starting fully owned

subsidiaries. The number of scrip traded increased to 1000. The Indian capital

markets witnessed drast~c changes like the abolition of Comptroller of Capital

Issues, setting of SEBl after the Mehtha scam etc. The NSE was set up in 1993,

and now it has more turn over than BSE.

Cochin Stock Exchange headed the growth of equity cult among the

general publ~c of Kerala Table 5 1 shows the popularity of equity cult in Kerala

Table 5 1

Table showlng the Shareholders' Density in Kerala -- - --

Shareholders denslty I Natlonal Average 1

(No of shareholders per (Shareholders density) I

100 people in Kerala) 1 I . - - -_t_ _I

I

- ibouT°b (from p u b ~ i c Y - I I 1 Between 2% to 4% s u e ) I

/ 1996-2000 - 5% --- - - 1 Between 3% to 7% 1

Source Records of CSE Coch~n

Table 5.1 shows that during 1983-89 the density of shareholders in Kerala

is only 0.09 percent but it Increased to about two percent in 1990-96. And the

national average also Increased from 0.44 percent to between two percent to four

percent. In 1996 to 2000 the density of share holders in Kerala doubled from

1996. It indicates the increasing trend of popularity of equity culture in Kerala

The liberalization policies, the scam, setting up of SEBI, NSE etc. had its

impact on the Cochin Stock Exchange also. The establishment of NSE was a

major threat to the reg~onal stock exchanges including CSE. Initrally only five

companies were listed in CSE. The listing fee is one of the major sources of

exchange's income Dur~ng the year 1998-99, 243 companies were listed

including 90 regional companies and 37 Kerala based companies

In Kerala about one third of the ~nvestors entered the capital market

through investments in mutual funds UTI mutual funds are the favor~tes of the

investors and most of the mutual fund investors in Kerala are from middle-income

group (Tomy Varghese A study of individual investors in the icap~tal market in

Kerala-I 999)

5.3 MAJOR MUTUAL FUNDS IN KERALA

There are different investment avenues with varying degrees of risk and

return. In Kerala, mutual funds have beer preferred as an avenue for investment

by the household serves only from 1990s During the early period Unit Trust of

India monopolized the mutual fund nou us try. Then from 1987 onwards Bank

sponsored and financial institution sponsored rnutual funds were started. The

private sector also entered the area of mutual funds from 1993 onwards.

At present there are 36 mutual fund industries existing other than UTI. It

includes bank sponsored, institution sponsored, joint venture predominantly lndian

funds, joint venture predominantly foreign funds and lndian private sector funds.

None of these funds Head Oftice located in Kerala, but all of these funds offer

investment facilities to the investors in Kerala Initially UTI captured the mutual

fund industry in Kerala, later bank sponsored mutual funds such as SBI, Can

bank, Indian bank etc and at present pr~vate sector funds such as Reliance, Kotak

Mahindra, Kothari Pioneer. Sundaram etc flourished in Kerala.

Table 5.2 shows the major mutual fund industries functioning in Kerala

Table 5.2

Table showing Mutual Funds Functioning in Kerala -- - -~

~ --

SI.No. Name of MF Industry Date of Head Office No. of

commencement schemes - --~- - -~ ~~ -~

1. UTI 01 02.1964 Mumbai - ~- ~~~~ ~ -- ~ ~ --

92

2. Bank Sponsored Funds -- -- ~

I) SBI Mutual F uno

ii) BOB Mutual Fund 30 10.1992 Mumbai - ~

~~ -~ ~ ~~

4

iii) BOI Mutual Fund 09.06.1990 Mumbai --- ~~ ~~ ~ .~

4 --

IV) Indian Bank MF 17 11 1989 Murnbal 5 -

v) PNB Mutual Fund 08 08.1989 New Delhi -~~~

9

vi) Can Bank MF 15 12 1987 Murnbai - - --

16

3. lnstitutlon Sponsored Funds - - -- -

i) LIC Mutual Fund 19.06.1989 Murnbai 24 -~ ~~ ~~ - .- --

if) GIC Mutual Fund 10 12.1990 Mumbai ---

9 -. -

iii) IL & FS Mutual Fund 01.01.1998 Murnbai 3

iv) IDBl Mutual Fund 25.1 1.1994 Murnbai ~ ~ .- -.

1. Joint Venture - Predorn~nantly Foreign Funds - ~ - ~ ~ -

i) Alliance MF 3012,1994 Mumbai 10 -~~~ ~-~p~ . ~ ~

ii) DSP Merrill Lynch MF 16.12.1996 Mumbai 5 . ~

iir) Dundee MF 01.09.1998 New Delhi 5 .- -~. . ~ --

iv) ING Savings Trust . -~ ~ 11.02.1999 Murnbai - 3

~~~-~ ~ -~ ~-

v) ITC Thread Needle MF (1997 - 99) Mumbai .- ~. ~ ~- -.--pp----

vi) Jardine Flern~ng India MI 26 05 1995 Murnbai ~~~ ~-

2

vii) Morgan Stanley lnd~a 05.11 1993 Mumbai 1 ~ ~ ~ ~ ~

viii) Prudential IClCl 25 08 1993 Murnbai -~ ~-

10 -~

~p~ ---

ix) Sun & FC 09 10 1995 Murnbai 4 --

x) Templeton lnaa 19.02 1996 Mumbai ~

6 -- ~-

xi) Zurich India 30 10 1993 Mumbai ~- p-p ~

8 ~~~p ~ ~ - ~

i. Joint Venture - lnd~an Funds: ~~ ~ ~ --

i) Birla MF 24.721994 Murnbai - - ~

9

ii) Kothari Pioneer 2907,1993 Chennai 24 pp . ~~~~

iii) TataMF 30.06.1995 Mumbai 9 . ~~ --- ~ ~p ~- --

iv) Taurus MF 20.08 1993 New Delhi 4 -~ ~ - --

V) Cholamandalam MF 03.01.1997 Mumbai 7 ~ . ~ -- -

vi) Sundram Newton 24,081996 Chennai -. -. . ~~ -~ ~.~

6

5. Indian Private Sector Funds -- -

i) Apple MF ~ .-

ii) Escorts MF 5.04.1996 New Delhi - ~ ~~~~ ~~ -- ~~- -~ -----

3

iii) Reliance MF 30.06.1 995 Mumbai .... ~~ ~ ~

4 ---

iv) Kotak Mahindra MF 23.06.1 998 Mumbai 4 -- ~~ ~. ---

v) Shriram MF 27.05.1994 Mumbai p~~ ~

5 -~

vi) JM MF. ----- 15.09.1994 Mumbai 9

Source : Mutual Fund Year Book 2000

5.4 PERFORMANCE OF SBI MUTUAL FUND IN KERALA

The State Bank of lnd~a (SBI) is the first public sector bank to start the

mutual fund business after the Government of lndia permitted banks to do mutual

fund business. SBI Funo Management Ltd is the principal trustee to SBI mutual

fund. The SBI mutual furid launched its f~rst scheme- Magnum Regular Income

Scheme (MRIS 81) i r i '(I8% and mobilized Rs.131 crores. The main objective was

to provide a regular lnciirne to the investors. SBI mutual fund has 22 investor

service centers all over the country, from among those one is situated at Cochin

and publishes 'Magnuni News' a bulletin in the leading newspapers all over lndia

in the first week !:t t v r " ) month and it gives information about NAVs and

repurchase price of the scneme.

SBI mutual fund 1s one of the leading mutual funds in Kerala; its schemes

are attractive to small investors. More and more investors are today investing in

mutual funds expecting h~gh return and low risk coverage. This chapter presents

the performance evaluation of SBI mutual fund in Kerala by analyzing the primary

data collected from four districts of Kerala viz; Ernakulam, Thiruvananthapuram,

Thrissur and Kozh~kode for the study. Interpretations are made on the basis of

analyzed data. For th~s the profile of the respondents are tabulated, cross-

tabulated and the opinion is analyzed with due care.

SURVEY DATA ANALYSIS WITH THE HELP OF TABLES

Table 5.3

District-wise profile of SBI Mutual Fund lnvestors

I I D~str~cts Frequency Percentage C-- i- .- I

1 Ernakulam ! 53 52.40 ~p -- ~

1

Thiruvananthapuram 15 14.85 -- 2 ~ I

Kozhikode 1

L Total 100 00

--

Source : Survey Data

Table 5.3 shows district-wise classification of respondents 52.4 percent

respondents were from Ernakulam District. SBI has its Capital Market Service

Centre in Kochi. 14.85 percent respondents were from Thiruvananthapuram,

14.85 percent from Thrissur followed by 17.82 percent from Kozhikode District

Table 5.4

Area-wise profile of SBI Mutual Fund Investors - Locat~on of Res~dence I Percentage

t- Rural I

1 --7 24 8

Semi-urban

Urban


38 - 38 37.6

Total

37.6

I- I I 101

Table 5 4 shcws the area-wlse residence of Mutual Fund Investors. 24.8

percent of the respondents were from rural area, 37.6 percent from Semi-urban

area followed by 37 6 percent from urban areas. It reveals the Urban and semi^

Urban people for the investment in SBI Mutual Fund gave equal importance

;.:.if +iise profile of SBI Mutual Fund lnvestors . ~ ~ - - ---- ~

Age *---~ ~~

Frequency Percentage . ~ --

I I Below 35 year?

~

6.9

I 35 to 50 years ~ ~ , ~ - ~

58 + -~ ~~ -

i Total L____---

10; - -


Table 5.5 shows 6 9 percent respondents were below 35 years of age,

57.4 percent of the investors were from the age group of 35 to 50, the rest 35.6

percent were in the age group above 50 years. It shows majority of the investors

are in the age group of 35 to 50

Table 5.6

Gender-w~se profile of SBI Mutual Fund lnvestors 7

- - -I--

1 Female

1 Total

Frequency Percentage -- 4-1


Table 5.6 shows the respondents include 77.2 percent male and 22.8

percent female. It reveals majority of the SBI Mutual fund investors are male

Marital Status profile of SBI Mutual Fund Investors -- -~ ~ . T--- ~p ~

7-'- -- 1 Marital Status I

I Frecuency I Percentage 1. - - - - C ~

Married I

k- ii3 I - - -- - - -4

92.1 I I I

Unmarried ?! I ~

4.0 i r - - -

- 1 ~. - I Widowed I 3.0

i

I- -- 1 . ~~ + - ~

' Not Responded ! I I 1 0

~~ - . -- -- 7 i Total i(il I 100.0 1 . ~ ~- . >~ - - - - L Source : Survey Data

The respondent's marital status is classified into three categories.

Table5.7 shows 92.1 percent belongs to married category. Four percent belongs to Unmarried category followed by one percent in the widowed category and the

rest one percent not responded It shows that the majority of SBI Mutual fund

investors are from married category.

Table 5.8

Educational profile of SBI Mutual Fund lnvestors I 1 Education Frequency I Percentage 1

I I School Education / 12 1 11.9 I College Education 1

-- ~~~~

71 70.3 * --

Professional Education ~ k 17 16.8 Ji h o t responded

- ~~~~ .- 1 , -~ - - ~ ~ - ~~ ~- - - ~-

Total r- ~ ~ . .~ ~ - 101

Source : Survey Data.

In the education-wise classification 11.9 percent investors have only

school education, 70.3 percent got College education followed by 16.8 percent

having Professional education and one percent not responded. It shows majority of SBI mutual fund investors are college educated.

Table 5.9

Occupation-wise profile of SBI Mutual Fund Investors ~ ~ ~ --

7-

Occupation 7 Frequency

I Employee I

-

) Busmess -___- ~ - -

Professional - - - ~- - ~~ -

14.9 ! I Agricultural

~ ~ ~ - - ~~ -- 6 9

I I Others (Students & Housewives)

- ~ - ~. ~ - -

! Total L -- - -~

101 --

Source. Sunfey data

In the above occupation-wise classification, 55.4 percent constitute

employees, 15.8 percent from business class followed by 14.9 percent from

professionals and, 6.9 percent belongs to agricultural and the rest 6.9 percent

from students and housew~ves. It shows that majority of investors are from

employees.

Table 5.10

Income profile of SBI Mutual Fund Investors

Monthly family income in Rs .- - ~

Below Rs. 10,0001- - ~- ~ ~~~~ ~ --

10,0001- to 20.0001- - -

20,0001- TO 30,0001- - ~

Above 30,0001- ~~, ~~ .~

Not responded - ~~~ -.

Total - .~ ~.

100.0 -- Source : Survey Data.

The respondents are classified Into four groups in terms of their household

income as shown in the above table 11.9 percent belongs to monthly family

income category below Ks 10.0001- 57 4 percent belongs to income category

10,000/- to 20.0001-, 22 8 percent in inccrie level 20,0001- to 30,000/- and the rest

5.9 percent belongs to above 30,0001- ricome level. The table shows that the

middle-income group made significant i r : ~ t stment in SBI Mutual fund.

Table 5 11

Monthly Famlly Savings profllf: 3f SBI Mutual Fund Investors

Monthly fam~ly savlngs C Frequency Percentage

(In Rs ) - - --

Total 1Cl 100.0 -- -- -


The monthly fam~ly savings of the respondents are classified into four

categories. 31.7 percent are having savings below Rs. 2000, 51.5% belongs to

the category of 2000 to 5000 followed by 10.9 percent in the category of 5000 to

10000 and 4 percent belongs to the above 10000 category. 2 percent not

responded. The above table shows that majority of the investor's monthly savings

is between 2000 to 5000

Table 5.12 Family Srze profile of SBI Mutual Fund Investors

-- r-

Family size ~ ~ , ~ ~ Frequency Percentage

I I Small 2; L ~ ~- . - ~ ~

I ~ -- - -- --

Medium .- ,. i L 1 !

~~ ~~ ~ ~ - I I Big

~

2 ~ -----

2 0 I ~~~

1

I Total I~ ~

101 ~ -

1~10.00 1 ~ ~ - - - - - ~-


The family slze of the respondent is classified into three groups. 26.7

percent belongs to small group. 71.3 percent from medium group and the rest two

percent belongs to b ~ g famrly group. It is clear that majority of the investors

belongs to medium family size.

Table 5 13

Nature of Investment-wlse distribution of SBI Mutual Fund Investors

7 7- -- v--- 7 Nature of Investment Frequency Percentage 1 - -- A-1

I Total 101 L.__ ~~ . 1 100.0 I

~--__-_~l__i


Table 5.13 shows that 37.6 percent of the respondents are having regular

investment habit and 62.4 percent or the majorities are having the occasional

nature of investment&

Table 5.14

Table showing Motives behind Investment in SBI Mutual Fund ~- ~-

C- Items Average score ~- -- ~ --

Emergency of needs ~- ~-~ ~ ~~~ - ~ p ~ - - -~

: Welfare of Children - ~~ ~~ -- ~ accumulate fund ~

- -. ~ -- -

Source of retirement income C ~ 4 ~

-

To obtain tax benef~t 1 1 -- Source : Survey Data

Table 5.14 shows that the mair: n~otive behind investment is Welfare of

children followed by accumulation of fund, Emergency needs, Source of

retirement income and last. to obtain tax benefit.

Table f 15

In Money set aside for Emergency

On the basis of monthly emergency savings investors are grouped into four

categories. 53.5 percent belongs to the category money set aside emergency

needs below rupees 1000 34 7 percent belongs to 1000 to 2000 category

followed by 5.9 percent constitute 2000 to 5000 and 5.6 percent not any amount

set aside for emergency needs. It is clear from the table that majority belongs to

the group who set aside below rupees 1000 for emergency needs

Table 5.16

Tax payer or not division of SBI Mutual Fund Investors

r A l t e r n a t , " e s -~~ -.

r ~

! Yes 74 , - . . - ~~~-p ~ ~~ . -

No 27 I

-~ j

Total -~ ~ ~ ~

10" 100 . . 1

Source : Survey Dara

'Table 5.16 shows that majority of SBI Mutual fund investors that are 73.3

percent are taxpayers and 26.7 percent are non-taxpayers.

Table 5.17

Grouping of SBl Mutual Fund lnvestors based on Tax Payment Range ~

I I

Amount in percentage Frequency Percentage ~ ~~~ ~~

Below 10 .- ~ i - -

10 to 20 I 16

Above 30

Total I

. 1 - 74 1 100 1 .-


Table 5.17 shows that 2.7 percent of the tax payer investors are from below

10 percent category, 21.6 percent belongs to 10 to 20 percent category followed

by 62.2 percent in the 20 to 30 percent and the rest 13.5 percent in the above 30

percent category. It is clear that majority of the tax payer investors belong to the

20 to 30 percent tax paying category.

Table 518

Distribution of SBI Mutual Fund lnvestors based on Source of lnformation

Source of Information Freqgency Percentage -- - ~, .~ ---

"'$ - ~ ~

--

Advertisement 22 ~ ~.

21.8 . I - . ~ -

I and relatives 5.0

- ~

~~ - I - -


It is clear from the table that major~ty of investors came to know about SBI

Mutual Fund schemes through SBI B~anchlAgents. About 21.8 percent of the

investors came to know about the SBI rnutual fund schemes from advertisements.

Friends and relatives were the source of information for five percent investors.

Table 5.19

Distribution of lnvestors based on their Mode of Purchase of SBI Mutual Fund

Schemes

-- ~ ~ - Fre; Mode of purchase -

Through Agents ~ -~

- ~ t - - Directly from SBI Service Centre

+ .~

From SBI Branch 30.7 . ~ -

-- From Stock Exchange

--- . ~ - ~ ~- -. 2.0

Not responded 1 .O ~ ~~ -- ~. - ~-

Total ~- ~

101 100.0


Table 5.19 shows that majority 152 5 percent) purchased SBI Mutual fund

schemes through agents 13.9 percent purchased directly from SBI Sewice

Centres followed by 307 percent frorn SBI Branches, two percent from Stock

Exchange and one percent not responded

Distribution of SBI Mutual fund Investors based on Amount invested 7 ~- - - . - ~ - - ~ -~ -

Amount in Rupees ! Frequency i -- - - C ~ ~ --

Percentage

Below 5000 -

- - -. - -~

5001 to 10000 I 35 . . ~.~

10001 to 25,000 - 1

28

25001 to 50000 I

2 1 20.8

Above 50000

Not Responded 1

Total , . - .-

100.0


Table 5.20 shows that majority of the investors (34.7 percent) are in the

investment category of 5001 to 10000 in various schemes of SBI Mutual fund. 6.9

percent invested below Rs 5.000/-. 27 7 percent invested from Rupees 10001 to

25000 in various schemes followed by 20.8 percent in rupees 25001 to 50000

category and 8.9 percent invested above rupees 50000. One percent did not

reveal the amount invested in Mutual Fund

D~stribut~on of lnvestors who Invest In other than SBI Mutual Fund

I Yes

Total

-~ - --

Frequency i- Percentage -~ -~ - ~p -~ -

.?> ~

56.4 .__-__

, ,. .- .. ~- - --

43.6 -. -

i r -~ ~-

I 100 - - L-~

Source : Sunley Data

It is clear from the above table tha! F.6 4 percent of the investors invested in

other mutual fund schemes 43.6 percent investors invested only in SBI Mutual

fund schemes

Table 5 22

Distribution of SBI Mutual Fund lrlvestors based on the Amount Invested in other

Mutual Funds --- ~.

Amount in rupees I . _..-.Frequency.

Nil I

26 t

Below 5,000 ~.. I 11 I- +

5001 to 10,000 - -- ~~~. I ~ 25.7

10001 to 25000 9 -~ ~. ~. --- , - -

Above 25000 9 - - - 1 ~- - -.

Not Responded - . ! - 2 0 ~

Total .~ ~ ~- 101 ~ - ~ i 100


Table 5.22 shows that 10 9 percen: lnvestors ~nvested below rupees 5000

in other mutual fund schemes. 25.7 percent invested rupees 5001 to 10,000 in

other mutual funds, 8.9 percent invested rupees 10001 to 25000 and 8.9 percent

invested above rupees 250001

Table 5.23

Factors lnfluenc~ng SBI Mutual Fund Investment - -- - -- -

Factors ~~ ~

Average Score Rank

Image & Past record of SBIMF. 1.89 I - -- - - - - --- --

I 1 -6 ------- I

Friend or colleague's suggestion -~ -

0.86 2 . 4

Advertisement 0.41 1 ~ -~ . --- ~

3 _1_----~--.-! Source : Sun/ey Data

The main cons~deration that influenced the investors is the image and past

record of SBI Mutual fund. The secona factor, friends or colleagues' suggestion

and third being advert~senient

Table 5.24

Factors lnfluenc~ng SBI Mutual Fund Investors' Preference - - ~. ~ - --

Objectives Average score

2.74

.- - ~ ~~

2.56

Minimum Risk 2.49 ~ . ~ - ~ L~


The SBI Mutual fund ~nvestors give f~rst preference to Capital Appreciation,

Second to Maximum profith'ield, third to Assured Regular income. Easy sale or

transferability, with average score of 2.56 stands at the fourth place and Minimum

risk objective comes fifth

Table 5.25

Distributron of SBI Mutual Fund Investors based on Schemes ~ --

I

I Scheme Frequency c e r m r 8 a g e 7---

6 . - -- , . ~ -. I income Scheme

~

20 7 ~ -~ ---- -~~

Growth Scheme . . -~

02 -~

Balance Scheme ~

L - ~~~ ~ - ~ - -. - 10 ~- - - -- - f-q. Tax-Saving Scheme

---- ~p 29

8 .. - ~

1 28.7

i 32.7 I

- - - J

-

Industry Specific Scher17t. , 3 3 -~ - , ,00

Total : 01 , ~ - --

I Source: Sunfey Data

Table 5.25 describes the scheme wise classification of the respondents

19.8 per cent of the ~nvestors are having income scheme. 41.6 percent have

growth fund. 9.9 perzer: 'iave balanced schemes, 28.7 percent owns tax-saving

schemes and 32.7 per cent owns industry specific scheme. It shows majority of

the investors having growth scheme fund

Table 5.26

Level of Importance that Influence the Investors


Table 5.26 shows that 69.3 percent Investors considered higher return from

investment as a very Important factor. 21 8 percent considered higher return as an

important factor followed by two percent who did not give much importance to the

higher return and one percent not at at, rons~dering higher return factor. 5.1 per

cent investors have not responded.

About twenty percent considerec short lock in period as very important

factor of investment in SBI Mutual fui-lc;. 57 4 per cent considered short lock in

period as important tactor followed by 72 9 percent who did not give much

importance and four- per cent not at all co~~sidering short lock in period as a factor

of investment. 5.9 per cent investors have not responded.

Fifty Nine percent of Investors conslder possibility of capital appreciation as

very important factor. 27 7 per cent consldered possibility of capital appreciation

as important factor, followed by 6.9 per cent who did not give much importance

and one per cent not at all considering this important. Five per cent investors

have not responded.

Thirty per cent of investors consider tax benefit as a very important factory

for investment in SBI Mutual fund, 27.7 per cent consider tax benefit as important

factor, 13.9 per cent who did not give much importance and 25.7 per cent not at all

considered tax benefit as important factor of investment. Three per cent have not

responded.

Forty per cent of the Investors con~~dered i~quldlty as a very ~mportant

factor of SBI mutual fund, 47 5 per cent consldered it as an important factor, 6 9

per cent dld not regard th~s as ~mportant and 5 9 per cent have not responded

Table 5.26 descr~bes that the majority of the investors were influenced by

these factors in the following order, h~gher return, possibility of capital

appreciation, short lock in period, easy liquidity and tax benefit.

Investors' opinion based on lnvestor Services

Investor

Grievance redressal

~ ~-

Speed & Easiness in

getting Services .-

Source: Sunfey Dath

Table 5.27 shows that for 31.7 per cent of the investors, investor guidance

service provided by SBI capital market is Good, 56.4 per cent of the investors

regard it as average, one percent opined it as below average and two percent

opined bad. 8.9 per cent have not responded

Eighteen per cent investors record good opinion on Grievance redressal

67.3 per cent investors op~ned it as average. two percent of the investors opined it

as below average and one percent viewed it as bad. 7.8 per cent have not

responded

Good opinion on transferability of un~ts given by 21.8 per cent investors

63.4 per cent opined it as average, two per cent states it as below average and

one per cent states it as bad. 11 9 per cent of the investors have not responded

Twenty Two per cent of the investors feel that speed and easiness in

getting services provided by SBI capital market is good, 65.3 per cent opined it as

average, five per cent op~ned it as below average and three per cent states it as

bad. Five per cent have not responded

Majority of the investors are of the opinion that the Investor Services such

as Investor Gu~dance. Grievance redressal. Transferability and Speed and

easiness in getting servlces provided by SBI Capital Market is Average

Table 5.28

D~str~but~on of ~nvestors based on Investment Year I---- - -

-- --- -- __7

Frequency C Percentage

1

1991 --

-~ ~ ~

1992

1993 --- &~ - -

4.0 L-

~ ~ , ~ ~~ ~ .-- ~~~ ~-

2000 8 I - ~ - .+

Not mentioned 5 I 5' / L-

Total ~~~. .

101 I -

Source: Survey Data

Table 5.28 shows that one percent started investment in SBI Mutual fund

schemes during the year 1987, 9.9 per cent in the year 1990, 10.9 per cent in

1991, 9.9 per cent in 1992, four per cent in 1993, five per cent in 1994, 14.9 per

cent in 1995, 5 9 per cent in 1996, five per cent in 1997 8 9 per cent in 1998, 11 9

per cent in 1999 and 7 9 per cent in 200C Five per cent of the investors have not

mentloned the year in wh~ch they started rnvestment It shows from 1987 or from

the first scheme onwards lnvestors prefer SBI Mutual fund schemes

Table 5 29

Distribution of lnvestors' based on their Opinion

~~ - ~ -- Item V e s r - - -

-. ~ ~ ~ ~ - - - A-

I I Listing is better than 18 17.8 14 13.9

Repurchase

Repurchase is better than ltsttng -- -- -- --

Both systems are --

27 7

Don't know 26 7

Source: Survey Data

Table 5.29 shows that 17.8 percent of the investors are of opinion that

Listing of mutual fund units in the stock exchange is better than repurchase, 27.7

percent opined that repurchase is better than listing. 27.7 percent of the investors

state that both listing and repurchase are equally good and 26.7 percent didn't

know listing or repurchase system

Fourteen percent completely reject listing of mutual fund units in stock

exchange and 19.8 percent fully oppose repurchase facility of mutual fund units. It

is clear that majority of the mutual fund investors support repurchase facility of

mutual fund units

Table 5.30

Distribution of Investors' based on various lncome Schemes

Scheme

~ -~ . MMIS - 91 9 37.5

- ~~ .

MRIS - 93 5 20.8 5.0 . . - t - .-42--+-

MMIS - 97 1 1 MMIS - 98 (i) . .

-~ . -- ~ ~

MMIS - 98 (ii) ~~ !

Total 24 1000


About thirty elght percent of the lncome Scheme investors invested in

Magnum Monthly Income Scheme - 91 ,MMIS - 91), 20.8 percent invested in

Magnum Ris~ng Inc.cmt. Scneme - 93 'MRIS - 93), 4.2 percent invested in

Magnum Monthly lncome Scheme - 97 lMMlS - 97) followed by 25 percent in

Magnum Monthly lncome Scheme - 98 (i) and 12.5 percent in Magnum Monthly

lncome Scheme 98 (ii) it shows majority of the income scheme investors

invested in MMlS - 91

Table 5 31

Distribut~on of investors' based on various Growth Schemes


.-7--. ~

I 7--

Scheme Frequency j Percentage to 1 total of 53

- i +- - MPTL - 91 7

-- - . .-. . - - 13.2

MMS - 90 T

. I 8 15.1 ' +~~ - -

MEX - 91 3 - 4 - - ~

5.7

MMPS-93 1 21 ! ~ ~ ~ + --

39.6

MGF - 94 5 9.4 . - . -

9,4 MGF - 99 5 ---. ,~ ~ . - - J -

MFU - 4 7.5 - t ~ -

Total I 53 - 1 L- - 100

Percentage to total respondents

5.0

4.0

52.5 --

Table 5.3lshows that 13.2 percent of 53 investors of growth scheme

invested in Magnum Triple Plus - 91 15.1 percent invested in Magnum Multiple

Scheme - 90, 5 7 percent invested in Magnum Express - 91, 39.6 percent

invested in Magnum Mult~plier Plus Scheme - 93 followed by 9.4 percent invested

in Magnum Global Fund - 94. 9.4 percent in Magnum Global Fund - 99 and 7.5

percent invested in Magnum Sector Furid Umbrella. It is clear from the table that

majority of the growth scherne investors invested in Magnum Multiplier Plus

Scheme - 93

Table 5.32

~ ~- ~ ~

Alternative -- -

Yes ~ - -

No -

Not responded ~~

Total ,~ ~


Distribution of Balanced Scheme 1

#, ~ r e q u e " i y - - - T ~ P e G e n t a ~ e . -~ ~ ~ -

13 4 - - - _- - - _ _ _

17

7 1

! 10:

, . -~ ---- ~

j _~ _ -

I 2 ~~ - ~

Table 5.32 shows that only 12.9 percent of the investors invested in

balanced scheme.

Table 5 33

Distribution of Investors based on various Tax Saving Scheme Investment

Frequency Pepcentage to total respondents

4 ~ ~ -

MELS - 91 5 -*. ~- ~ - . -

MGIFTS- 92A ! 6 --.~ ~ -

4

MTPS - 94 .- ~ .~~ ~-

2.0

MELS - 96 . ~ - ~ ~ ~ . ~

25.0 ~~ ~ -

7.9

Total 100.0 31.7


Table 5.33 shows that 15.6 percent of the total 32 tax saving scheme

investors invested In Magnum Equity L~nked Saving - 91. 18.8 percent invested in

Magnum GIFTS -- 9: A 12 5 percent in Magnum GIFTS 92 I3 Scheme, 12.5

percent invested In Magnum Tax Ga~n Scheme - 93 followed by 9.4 percent in

Magnum Tax Profit Scheme - 941 6.3 percent invested in Magnum Equity linked

Scheme - 95 and 25 percent of the Investors in Magnum Equity Linked Scheme -

96. It shows that majority sf the tax saving scheme ~nvestors Invested in Magnum

Equity Linked Sav~ng Scheme - 96

Table 5.34

D~str~but~on of >nvestors' based on Various Industry Schemes ~ .~~

Percentage to Frequency

~ ~ - i-

( PHARMA 4 .- - 9.5 4.0 1 1 FMCG I 6

t - - - 143 5.9 /


Table 5.34 clears tnat 59.5 percent of the total 42 investors of industry

specific schemes Invested in IT schemes, 9.5 percent invested in PHARMA

Scheme, 14.3 percent invested rn FMCG Scheme and 16.7 percent in CONTRA

Scheme. It shows major~ty of the rndustry specific investors invested in IT

Schemes.

Investors' Comment or the Return on investment

C comment .-

I Very High

Average --

Very Low L- 1 Not Responded -

1 Total

I Frequency 1 - - ~

1 Percentage

I

-, 1 ~, ~- ~ - ---


The table shows that majority of the investors are of opinion that they get

average return from their investment in SBI Mutual fund schemes. Nobody opined

Very High return from his investment. 10.9 percent opined high return from their

investment, 64.4 percent opined average return, 11.9 percent opined Low return,

and followed by 11 9 percent opined very low return and one percent did not

responded.

Table 5.36

Cross tabulation of Investors' Opinion on Return from SBI Schemes and their

I Rural I 0

Semi Urban j o C --- I +

I I / Urban ) o I

Total 0 1-

Location of Residence , -~

High

Freq % , Freq % Freq.

~ - - - -

- J i

8.9

5

? ! 110 65.0


The cross tabulation presented in the above table shows the relationship

between the location of residence of investors and opinion on return on

investment from SBI Mutual fund schemes. Majority of the rural, Semi - urban

and urban investors opin~oned that return on investment from SBY Mutual fund

schemes is average.

Chi-square test

To test whether there exist a relationship between the location of

residence of investors and opinion on return on investment from SBI Mutual fund

schemes Chi-sauare test can be used.

Hi There exist no relationship between the location of residence of

investors and their opin~on on return on investment

The calculated value of Chi-square is 4.722. From the table, the value of

Chi-square at 5% srgnificance level for 6 degree of freedom is 12.592. The

calculated value is lesser than the 12 592. So the hypothesis can be accepted.

Hence we can conclude that the varfables location of residence and opinion or,

return on investment are not significant and the factors are independent.

Table 5.37 Relationship between investors' opinion on Return on Investment and their Age

Average Very Low / Total -

Age Freq % i

Below 25

Above

50 years

Total -

Chi. Value


The cross tabulation presented in the above table shows the relationship

between age of investors and opinion on return on investment from SBI Mutual

fund schemes. Majority of the investors optned the return on investment is

average and belongs to the age group of 35 to 50 years

Chi -square test

To test whether there exist any relationship between the age of investors

and opinion on return on Investment from SBI Mutual fund schemes, Chi-square

test can be used

Hi: There exlst no relationship between age of investors and their opinion

on return on investment

The calculated value of Chi-suuare is 3.555. From the table, the value of

Chi-square at 5% stgnificance level for 5 degree of freedom is 12.592. The

calculated value is lesser than the table value. So the hypothesis can be

accepted. Hence we can conclude that the variable age of investors and their

opinion on return on Investment are not significant and the factors are

independent

Table 5 38

Relationship between Investors' Op~n~on on Return on Investment and their Sex m----7--- 7- 7 - - - - - - - - - - T - - I I

Opinions Very High High 1 Average 1 LOW 1 Very Low Total 1 I - .<--. -

2.29468 Df. 3 I

I

I . , ~ - L-


The above table shows that the relationship between sex of investors and

their opinion on return on investment from SBI Mutual fund schemes. 77 percent

of the investors are male and from these 64.9 percent or majority opined the

return on investment IS average

Chi-square test.

To test whether there exist any relationship between the sex of investors

and their opinion on return on investment from SBI Mutual funcl schemes Chi-

Square test can be used

Hi : There exist no relationship between the sex of investors and their

opinion on return on investment

The calculated value of Chi-square is 2.29468. From the table, the value

of Chi-square at 5% s~gnificant level for 3 degree of freedom is 7.815. The

calculated value is less than the table value, so hypothesis can be accepted.

Hence we can conclude that the variables of sex of investors and their opinion on

return on investment are not significant and the factors are independent.

Table 5.39

Relationship between Investors' opinion on Return on Investment and Marital

status

~ i g h Average 1 Low Very Low Total - - - --

Marital I

ireq % 'i ireq. % 1 ireq. % Freq. % Freq. %

Unmarried 0 ~ - * ~

Widowed + -- -

Total 0 .- -

I 6 I,

.- - ~ . -- . L Source : Suwey Data.

The cross tabulat~on presented in the above table shows the relationship

between marital status of Investors and their opinion on return on investment from

SBI Mutual Fund schemes. 92 percent of the investors are married and from

these 65.2 percent op~ned that the return on investment is average.

Chi-square test.

To test whether there IS any relatlonsh~p between the nrlarltal status of

~nvestors and thelr optrxon on return on Investment from SBI Mutual fund schemes

uslng Chi-square

Hi: There exist no relationship between the marital status and their opinion

on return on investment

The calculated value of Chi-square is 3.66916. From the 'able, the value

of Chi-square at 5 percent significant level for 6 degree of freedom is 12.592. The

calculated value is lesser than the table value, so the hypothesis can be accepted.

Hence we can conclude that the variables marital status and opinion on return on

investment are not significant and the factors are independent.

Table 5 40

Relationship between lnvestors' opinion on Return on lnvestment and Education


Table 5.40 shows the relationship between the education of investors and


of the investors are college educated and majority of them (69%) opined that

return on investment is average and 58.3 percent of the School educated and 56.3

percent of the professionals also had the same opinion.

Chi-square test.

To test whether there is any relat~onship between education and their

opinion on return on Investment from SBI Mutual fund schemes Chi square test

can be used.

Hi: There ex~st no relationship between the education and opinion on

return on investment


of Chi-square at 5% significant level for 6 degree of freedom is 12.592. The

calculated value is lesser than the table value, so the hypothesis can be accepted.

Hence we can conclude that the relation between the variables Education of

investors and opinion on return on investment are not significant and the factors

are independent.

Table 5.41


Table 5.41 shows the relationship between Occupation of investors and

Relationship between Investors' Opinion on Return on Investment and Occupation

Opinions

Occupation

Employee

Business

Profession

Agriculture

Others

Total

Very High

Freq. --

0 0 3 5.4 71.4 j 7 -~

0 6.3 -

100

0 t 14.3 3 ~ - ~-

21.4 14 100

0 0 1 14.3 7 100

0 0 1 14.3 -~

14.3 7 100

0 0 11 .-

Chi. Value 7.92624 Df.


of the investors are employees and they opined that the return on investment is

average. Majority of bus~nessmen, Professionals and agriculturist also opined that

the return on investment 15 average.

Chi-square test

To test whether there exist any relationship between the occupation and

the investors' return on lnvestment from SBI Mutual fund schemes Chi-square test

can be used.

Hi: There exlst no relationship uetween occupation and opinion on return

on investment.

The calculated value of Chi-square 1s 7.92624. From the table, the value of

Chi-square 5% significant level for 12 degree of freedom is 21.026. The


accepted. Hence we conclude that the relationship between the variables

occupation and oplnlon on return on investment are not significant and the factors

are independent.

Table 5.42

Relationship between Investors' Opinion on Return on lnvestment and Monthly Family Income

I Opinions I Vely High / High I Average 1 Low I Velylow-1 --..- -. + Freq % Freq. 0/6


Table 5 43 shows the relationship between monthly family income of

investors and therr oplnion on return on investment from SBI Mutual fund

schemes. 58 percent of the investors are under the monthly family income

category of Rs 10.000 to 20,000. Of this 74.1 percent opined that the return on

investment is average The other iricome group also opined that the return on

investment is average

Chi-square test

To test whether there exlst any relattonship behveen the monthly farr~~ly

Income and oprnlol on return on Investment from SBI Mutual fund schemes CII-

square test can oe ~Sed

HI: There exist no relationship behveen monthly family income of investors

and their opinion on return on investment.

The calcuiated value of Chi-square is 17.36776. From the table, the value

of Chi-square at 5% significant level 'or 9 degree of freedom is 16.919. The

calculated value is greater than the table value, so the hypothesis can be rejected.

Hence we can conclude that the relationship between the variables monthly family

income and opin~on on return on investment are associated and the factors are

dependent.

Table 5.43

Investor's Comment on Decision making information provided by SBI Fund

Management

Comment I Frequency I Percentage 1 * - -

Strongly Agree ~ .

1

Agree ~ ,~

Disagree -

43 3 - - - -- - -

Strongly Disagree 3 - . , --

Not responded i ~- ~ , . - , _

Total 101 ,~

1130.0 --


Table 5 43 shows that one percent of the investors strongly agree to the

comment, SBI Management provides enough information to take decision on

investment in Mutual fund schemes 52.5 percent investors agree to the

statement. 42 6 percent d~sagree ard three percent strongly disagree. One

percent of the Investors have not responded it reveals majority of the Investors

agree to the statement that SBI management prov~des enough Information to take

decision on investr?-ient

Distribution of Investors based on comparison of alternatives on investment - . . -~ ~- p~

Alternatives I Frequency I

~ - . -- - Yes j a7

~

NO

Not responded 2 ~ ~ ~ - . -. 1 - ~-

Total ! 01 -- ~ ,~ -~ -- -

100.0


Table 5.44 shows that 46.5 percent of the investors compare the

alternatives before investing in SBI Mutual fund, 51.5 percent investors have not

compared the alternatrves Two percent of the ~nvestors have not responded.

Table 5.45

Distributrori of Investors based on Satisfaction of Return ,

Alternatives , Frequency ~~- p - T % r c e n t a g e ~

Yes 37 36.6 . - .--+ ---- NO I 64 , ~ ~ ~ ~~

63.4

Total 10.1 - ~ . ~ - ~


Table 5 47 shows that 30.7 percent of the investors are l~i l l ing to invest in

SBI Mutual Fund in future also 65.3 percent are not willing to invest in future.

Four percent of the investors have not responded. It shows majority of the

investors are not w~lliny to iiivest in future n SBI mutual fund schernes.

Table 5.48

Relationship between Investors' opin~on on Information provided by SBI Mutual

Fund and place of residence -~ ,~

~ . I Strongly Agree , ~ i s a ~ ~ ~ ~ ~ ~ 1 Agree ,

- - - - -+ . -~ . Disagree

- - . - --- ------ ---

Location of Freq 5' , Freq. % Freq

Residence - - - - - - -

1 - - - Rural l o . ~ , 10 40.0 13

1 urban 1 1 Urban 1 1 2 6

-- 1 Total I I 1 --


The cross tabulat~on presented in the above table shows the relationship

between investors' place of res~dence and their opinion on information provided by

SBI Mutual Fund. 38 per cent of the investors were from urban residence and

they agreed that SBI mutual fund provided enough information to invest in mutual

fund schemes. 52 per cent of the rural resident investors disagree.

Chi-square test

To test whether there exist any relationship between the place of residence

of investors' and the~r oprnion on information provided by SBI rnutual fund Chi-

square test can be used

Hi: There exist no relatronship between place of residence of investors and their

oplnron on Investment mformation supplied by SBI Fund Management Ltd


Chi-square at 5% s~gnificant level for 6 degree of freedom is 12.592. The


accepted. It is the relationship, which is insignificant, and not the factors

themselves

Table 5 49

Relationship between Investors' opinion on information provided by SBI Mutual

Fund Management and Age ~~~~ .

Opinions Strongly j A z e Agree

---

Age Freq % ~~~~ I F r e q % Freq. % I: + -- Below 35 0 0 4 57.1 1 3 100

years ~- ~ ~ ~ t ~~ ~

3 , 33 57.9 i ., years 1- . _ -__ i 1 L-i

! Above 50 1 1 2 8 1 6 44 .4 ; :8 50.011 2 . 8 1 3 6 l o o / years , -

Total 53 53.0 43 43.0 3 3.0 ! 100

Df 6 -~ .


The above table shows the relationship between age of investors and

their opinion on ~nformation supplieu by SBI Mutual fund management Ltd. 57

percent of the investors are under the category of 35 to 50 years. Of this 57.9

percent agreed to the comment that SBI Fund Management provided enough

information about Investment.

Chi-square test

To test whether there exrst ar y relatronship between the age of ~nvestors

and the~r optnlon on ~nformation prov,ded by SBI Management Ltd Chi square

test can be used

Hi: There exist no relationship between the age of investors and opinion on

information supplied by SBI Mutual Fund L.td


of Chi-square at 5Oh significant level for 6 degree of freedom is 12.592. The

calculated value 1s lesser than the table value. So the hypothesis can be

accepted. Hence we can conclude that the relationship between the variables age

of investors and thew opinlon on ~nformation supplied are not significant and the

factors are independen:

Table 5 50

Relationship between investors' opinion on information provided by SBI Mutual Fundandsex

-

Freq % Freq. % . ~~ - ~~ . ~

/ + _ - _ Female 56.5 9 4.3 100

Total - - - ~, . ~~ --

~~ . Df ~

- -. ~- --

Source: Survey Data.

Table 5.50 shows the relat~onship between investors' sex and their

opinion on information supplied by SEl fund management Ltd. 77 percent of the

investors are male and they agreed that SBI fund management provided enough

information on lnvestment. Majority of the female investors idso agreed to the

statement that SRl Fund management provided enough information on

investment

Chi-square test

To test whether there exist any relationship between investors' sex anci

their opinion on information supplied by the SBI Fund Management Ltd. Chi.

square test can be bsed

Hi: 1-here exlst no relatlonship beween the investors' sex and their opinion on

information supplled by SBI fund management Ltd.


Chi-square at 5'/0 s~gnlficant level for 3 degree of freedom is 7.815. The

calculated value is esser than the table value. So the hypothesis can be

accepted. Hence we can conclude that the relationship between the variables sex

of investors' and their opinion on information are not significant and the factors are

independent.

Table 5.51

Relationship between investors' opinion on information provided by SBI Mutual Fund and Marital Status

Opinions Strongly -1- Agree -- .~ Disagree I I

Mar~tal I

status I

1 Freq % Freq % Freq % 1 Freq % I Freq % 1 I

Widowed -

Total -- -- ~

Chi. Value 11.49615 Df.


I Table 5.51 shows the relation between marital status of investors' and

opinion on information provided by SBI Mutual Fund Management. 92 percent of

the investors are married; of this 55.4 percent investors agreed that SBI fund

management provides enough information on mutual fund schemes.

Chi-Square test.

To test whether there is any relationship between the marital status of

investors' and their opinion on information provided by SBI Mutual fund

management Ltd.. Chi-square test can be used.

HI There ex~st no relatlonshlp between the marltal status of Investors and thew

oplnlon on lnformatton prov~ded

The calculated value of Chi-square is 11.49615. The table value of Chi-

square at 5% significant level for 6 degree of freedom is 12.592 The calculated

value is lesser than the table value. So the hypothesis can be accepted. It is the

relationship, which is insignificant, and not the factors themselves.

Table 5.52

Relationship between investors' opinion on information provided by SBI Mutual

Fund Management and Education

7 ( Opinions 1 Strongly I Agree 1 Disagree Strongly ~ o t a F - 1

i 1 Agree 1 1 1 Disagree 1 1 Education Freq % Freq % 1 Freq % 1 Freq % I Freq X ~ School --

Education 0 0 4 333 6 500 2

- -


1 Total

1 Chi. Value

1 1 0

17.19733

3 3.0 9 9 100 1 53 53.5 42 4 2 4

Df. 6

Table 5 52 shows the relationship between educatiort of investors' and

opinion on informatron provided by SBI Mutual fund management Ltd. 71 percent

of the investors are college educated, of this 60.6 percent agreed to comment

SBI mutual fund management provided enough information on investment. 50

percent of the schoo; educated and St5 3 percent of the professionals disagreed

with the statement

Chi-square test

To test whether there exist any relationship between the education anc!

opinion on informat1011 provided by SBI Fund Management Ltd Chi-square tes

can be used

Hi: There extst no relationship between the education and opinion on information

provided by SBI Fund Management Ltd


of Chi-square at 5% stgnificant level for 6 degree of freedom is 12.592 The

calculated value .s greater than the table value. So the hypothesis can be

rejected. Hence we conclude that the relationship between the variables

education and oplnlon on information provided by SBI Fund Management Ltd. are

significant and the factors are dependent.

Table 5.53

Relationship between ~nvestors 'opin~on on Information provided by SBI Fund Management and Occupation

O p i n i o v / S t & - T-- Disagree Strongly Total i Agree Disagree

- . -

0 3 1 55.4 24 42.9 1 + ~ -

1.8 -

- .- .- -. 0 ! 11 68.8 5

1 - . __-. 31.3 0 0

Profession i 7 3 , 5 , ~~ ~ i-

Agriculture I ; - -

0 3 , -~

28.6 2 ~- --

Others 0 3 57.1 0 0 A---~ ~ ~ >, Total i 1

i -

12 . 1 -- Source : Survey Data

Table 5.53 shows the relationship between occupation of investors and

therr opinion on Information provided by SBI fund management Ltd. 56 percent of

the investors are employees, of this 55.4 percent agreed that the fund

management suppiled enough informatron to take investment decision.

Chi-square test

To test whether there exlst any relat~onsh~p between the occupation ant!

oplnlon on ~nformatlon prov~ded by SBI fund management Ltd Chi-square tes

can be used

Hi: There exlst no reiat~onship between the occupation and opinion on information

provided by SBI Fund Management Ltd


of Chi-square at 5% significant level for 12 degree of freedom is 21.026. The

calculated value is greater than the table value. So the hypothesis can be

rejected. Hence we conclude that the relationship between variables occupation

of investors and the~r oprnlon on information supplied by SBI Fund Management

Ltd. are significant and the factors are dependent.

Table 5.54

Relationship between investors' opinion on information provided by SBI Fund

Management and Monthly Family Income ~ ~ T--

p i o n s I Strongly 1 Agree Disagree Disagree

I ' family 1 Freq % Freq. % 1 Freq. % Freq % 1 Freq % I in RS. 1 I -+ . . - . - Below 10 000 0 O ! 3 .-__A__ ~ ~ , - ~


Table 5 54 shows the relat~onshlp between monthly famrly income of

Investors and thew oplnlon on ~nformatit~n provlded by SBI Fund management Ltd

58 percent of the rnvestors are under the category of monthly family Income of Rs

10,0001- to Rs 20 0001 Of th~s 53 4 oercent agreed that SBI Fund Management

provlded enough lnformatlon on tnvestrrirnt

Chi-square test

To test whether thet-e exlst anv c-ationship between the level of income of

investors and thetr oplnlor; or ~riformat~:,r supplied by SBI Fund Management Ltd.

Chi-square test can be used

Hi: There exlst no I-elarionsh~p betwe~v, the monthly family income of investors

and their opinion on lnforrnation on investnient.


square at 9 degree of freedom is 16 919 The calculated value is greater than the

table value. So the hypothesis can be rejected We can conclude that the

relationshrp between the variatdes IS slgrl~ficant and the factors are dependent.

Table 5 55

Relationship betweert Investors' oplnlon on comparison of alternatives in

Investment and place of residence. ~~ ~ ~

Opinions Yes - ~- - -.

Location of i Freq "/a Freq. Freq.

Residence I - -

Rural E -C I

Seml - urban 21 - 1

Urban 20

Total 47

Chr Value

1

41.7 - - -~ + -~ --

5 2 6 , 18 47.3 . - ~ . ---

100

47 5 52 52.5 99 --

100 - .

7.632 Df. --


The cross tabulation presented in Table 5.55 shows the relationship

between the place of residence of Investors and their opinion on comparison on

alternatives in investment 36 per cent of the investors are rural residents, of this

76 percent are not comparing alternat~vrs in Investment and 24 percent compare

alternatives. Another 36 per cent are kemi-urban residents, of this 58.3 percent

compare alternatives irl investment and .:! 7 percent do not compare alternatives.

38 percent of the lnvestors are urban residents, of this 52.6 percent compare the

alternatives in investment and 47.3 percept do not compare the alternatives.

Chi-square test

To test whether there exist s r y relationship between the place of

residence and their opinton on comparison of alternatives in investment Chi-

square test can be used

Hi: There exist no relationship between place of residence of investors and

opinion on comparison of alternatives in investments.


square at 5% significant level for 2 degree of freedom is 5.991. The calculated

value is greater than the table value. So the hypothesis can be rejected. Hence

we can conclude that the relationship between the variables place of residence of

investors and their opinion on comparison of alternatives are significant and the

factors are dependent.

Table 5.56

Relationsh~p between investors' oplnlon on Comparison of Alternatives in

Investment and Age ~ ~ -- -~ - --

Oplnlons . . - Yes -~ p~ No A Total 1 F req ~ % Freq. 1 F r x

I , ~ - % %- + . -~ -~ ~p

4 57.1 - 3 42.9 p~ -~ 100

35 to 50 ygars 25 44.6 ~ 31 1 -~ ~ -~ 100 - -- 1 Above 50 years

-~ . 1 E! 50.0 ~-~p

18 3--

50.0 -. --

I Total - . 4 7 47.5 ~ 52 52.0 ! 99 100

I -~ -- -- -- .-

I Value 0.53455 ! LCtl--- ~ . > Df. 2


Table 5.56 shows the relationship between age of investors and their

opinion on comparison of alternatives in investments. Majority of the investors are

of age group 35-50. Of this 55.4 percent opined that they have not compared

alternatives in investment and 44.6 percent compare the alternatives

Chi-square test

To test whether there exist any relationship between the age and opinion

on comparison of alternative in irlvestment Chi-square test can be used

Hi: There exist no relationship behrveen age and opinion on comparison of

alternatives


square at 5% sign~ficant level for 2 degree of freedom is 5.991. The calculated

value IS lesser than the table value. So the hypothesis can be accepted. It is the

relationship, which IS insignificant, and not the factors themselves.

Table 5 57

Relationship between investors' opinion on Comparison of Investment Alternatives

and Sex -- ~ ~ . ~-

Oyinions 1 - -- ~- . Yes ~-

I Sex

Male 40 51 9 7,7 ~~ - ~ ~ ~~

.. - 48.1 .~ -- - -- - Female ~ ~ - ~~ 31 8 ~ -- 15 ~ ~- 68.2 ----- ~~ ~

122 100

- ' Total 47 52 52.5 : 99 100 i 47.5

~~ ~~ ~~ .~ ~

~~

Chi. Value t ~ 8 2 78054 ~.~~ ~ - - ~ ~~~ ~

Df


Table 5.57 shows the relationship between six of investors and their

opinion on comparison of investment alternatives. 77 percent of the investors are

male, of these 51 9 percent opined that they compared the investment alternatives

before investing in SBI Mutual Fund Schemes and 48.1 percent did not compare

the alternatives. 31.8 percent of the female investors compared invest

alternatives and 68.2 percent have not compared. Majority of the investors are

not compared the investment alternatives.

Chi-square test

To test whether there exist any relationship between sex and their opinion

on comparison of investment alternatives Chi-square test can be used.

Hi: There exist no relationship between sex and opinion on comparison on

investment alternatives


Chi-square at 5% significant level for 1 degree of freedom is 3.841. The


accepted. It is the relationship, which is insignificant, and not the factors

themselves.

Table 5.58

Relationship bemeen investors' opinion on Comparison of Investment Alternatives

and Marital Status

/ Opinions

1 Married Stabs

~ - ~ ~ --- -7- Yes No I Total - - - 1 ( - - - -

I F req % i Freq. %

~ ---- 1- -

3:: 47.3 ( 48 ~

100

1 I 0 ~ -~ - - -

1 4

100 10 .. ,-~ 0

46 ~~- ---

5 3 1

6 93337 I -

~ ~ - Df.

Source : Survev Data

Table 5.58 shows tnt? ~elationship between marital status of investors and their

opinion on comparison on ~nvestment alternatives. 91 percent of the investors are

of the marrled category of this 52 7 percent not compared the investment

alternatives and 47.3 percent compared the investment alternatives. Cent percent

of the unmarried investors also did not compare the investment alternatives. Cent

percent of the widowed investors compared the alternatives.

Chi-Square test

To test whether there exist any relationship between the marital status of

investors and the~r op~tiioi. on comparison on investment alternatives Chi-square

test can be used.

Hi: There exist no relat~onshlp between the marital status of investors and opinion

on comparison on investment alternatives

The calculated value of Chi-square is 6.93337. The table value of Chi-square

at 5% significant level for 2 degree of freedom is 5.991. The calculated value is

greater than the table value So the hypothesis can be rejected and can conclude

that the relationsh~p t)etweert the variables marital status and opinion on

comparison on investment alternatrves are significant and the factors are

dependent

Table 5 59

Relatronshrp betweiac: rilestors Oprn~on on comparison of Investment alternat~ves

and educat~on

---- -~

Yes

-- School Education 4 33.3 66.7 100

-- - . College Education 37 53.6 I 32 46.4 69

I - -- i-- 35'3 ' 1 1

, . 64.7 100

4 :,- ~~ ~- .

48.0 52.0 98 100

. -. I


Table 5 59 shows the relationship between education of investors and

their opinion on comparison on investment alternatives. 69 percent of the

investors are having college education; of this 53.6 percent compared investment

alternatives before investing in SBI Mutual fund and 46.4 percent did not compare

the investment alternatives 66.7 percent of the school educated investors and

64.7 professional investors did not compare the invested alternatives

Chi-square test

To test whether there exist any relationship between education of

investors and their opinlor, on comparison on investment alternatives Chi-square

tests can be used

Hi: There exist no relat~onship between education and opinion on cornparison on

investment alternatives



value is less than the table value Sc the hypothesis can be accepted and can

conclude that the relat~onshrp betweeri the varrables education and oplnron on

comparlson on lnvestrnent alternatrve, sre not slgnlficant and the factors are

Independent

Relationship between Investors' Oprriron on Comparison of Investment

Alternatives and Occupation ~

Opinions Yes -. -~. ~

Occupation F req . . .

Employee

~

31.3 100

Professional 40.0 9 60.0 100 ~

Agriculture 100

Others 14.3 j 6 85.7 100 - i -

Total 47.5 ; 52 52.5 100 ---

Chi. Value 7.47368 ~-

Df.


Table 5 60 shows the relatlonstirp between occupation of Investors and

their opinion on comparlson of Investment alternatives. 54 percent of the

investors are employees, of this 50 percent compared investment alternatives

before investing SBI mutual fund schemes and the other fifty percent did not

compare investment alternatives. 68.8 percent of the business investors

compared and 31.3 percent did not compare the investment alternatives. 60

percent of the professionals did not compare and the remaining forty percent

compared the alternatives 71.4 percent of the agriculturists and 85.7 percent of

others did not compare and 28.6 percent of the agriculturists and 14.3 percent of

the others com~ared the investment alternatives

Chi-square test

To test whether there exist any relationship between the occupation and

op~nion on comparison of tnvestnient alterriattves Chi-square test can be used.

Hi, There exist no relationship between the occupation and opinion on

comparison of Investment alternatives

The calculated value of Chi-square IS 7 47368. From the table, the value of

Chi-square at 5% signiftcant level for 4 degree of freedom is 9.488. The

calculated value 1s lesser than the table value. So the hypothesis can be

accepted and we can conclude that the relationships between the variables are

not significant and the factors are independent

Table 5.61

Relationshtp between Investors' Oplnlon on Comparison of Investment

Alternat~ves and Monthly Family Income

Opinions i Total

income in Rs. - ~~ &~

20,000 to 30,000 -

65.2 34.8

Above 30.000 50.0 t-

Total 47 48.5 ~ ~.

Chi.Value 3.51721 --

Source : Sunfey Data.

Table 5.61 shows the relationship between monthly family Income of

investors and their oplnlon on comparison of Investment alternatives. 56 percent

of the investors are under the category af monthly family income c~f Rs. 10,000 to

20,0001- Of this 57 1 percent did no: compare investment alternatives before

investing in SBI mutual lund and rerna ning 42 9 percent compared investment

alternatives. Majority in :ne other lr.::oirie groups compared the investment

alternatives

Chi-Square test

To test whether there exlst any relat onshlp between monthly family income

of investors and their oplnion on comparisor of Investment alternatives Chl-square

test can be used

Hi: There exist no relatlonshlp between rnonthly family income and opinion on

comparison of investment alternatives

The calculated value of C~I-square IS 3 51721. The table value of Chi-


value is lesser than the table value So the hypothesis can be accepted. It is the

relationship, which 1s insignrficant, and not the factors themselves

Table 5.62

Relationship between investors' Satisfactton on Return on Investment and Place

of Residence.

Residence ~~~ ~ , --

Rural 32.0 68.0 -.

100

Semi-urban , 15 39.5 22 ~~~ ~~ -- ,

60.5 100

Urban 36.8 24 63.2 100

Total 3 7 63.4 101 100

Chi.Value 0.36398 ~ A--.


Table 5.62 shows the relationship between place of residence and

investors satisfaction on return on SBI mutual fund investment 25 per cent of the

investors are from rural area; of this 68 percent are not satisfied ,with SBI mutual

fund return. 38 per cent ~nvestors are semi-urban, of this 63.2 percent are not

satisfied with the return on investment It shows major~ty of the investors

irrespective of rhelr place of residence are not satisfied with the return on SBI

mutual fund

Chi-square test

To test whether there exists any relationship betweer the place of

residence and investors satisfaction on return on investment Chi-square test can

be used.

Hi: There exist no relationship between the place of residence of investors and

their satisfaction on return on SBI mutual fund.



value is lesser than the table value, so the hypothesis can be accepted. It is the

relationship, which IS ~ns~gnificant, and not the factors themselves.

Table 5.63

Relationship between Investors' Satisfactions on Return on SBI mutual

Fundandage

Opinions .

Age Freq - ~~ . Below 35 years , 2 28.6 71.4 100

35 to 50 years 23 39.7 35 60.3 58 - ~ ~~. ~. . ~ ~ ~~~ -

Above 50 years .~ ~~ ~ ~~

12 33.3 ; 66.7 .. .

100

37 t ~ .~

Total 7

36.3 64 63.4 101 100 +

Chi Value 0.59303 Df. --


Table 5.63 shows the relationsh~p between age and satisfaction on return

on SBI mutual fund Major~ty of the investors of all age group are not satisfied with

return on SBI mutual fund 71.4 percent of the below 35 years of age. 60.3

percent of the 35 to 511 vears of age and 66.7 percent of the above 50 years of

age are not satisfied wlth return on SBI mutual fund

Chi-square test

To test whether there exis,t any relationship between age of investors and

their satisfaction on reti.rri on SBI mutual fund, Chi-square test can be used.

Hi: There exist no relat~onsh~p between the age and satisfaction on return on

investment.


of Chi-square at 5% s~gn~frcant level for 2 degree of freedom is 5.991. The

calculated value IS lesser rhan the table value, so the hypothesis can be accepted

It is the relationshrp, whrch IS ins~gnificant, and not the factors themselves.

Table 5.64

Relationsh~p between Investors' Satisfactions on SBI Mutual fund

and Sex

Total .- ~~~ , 36.6 64 10'1 100 - - -- ---

0 60105 .- 2

Source : Sunley Data

Table 5.64 shows the relationship between sex and satisfaction of

investors on SBI mutual fund 78 percent of the investors are males; of this 65.4

percent are not satisfied with return on SBI mutual fund return.

Chi-square test

To test whether there exlst any relationship between sex of investors and

their satisfaction on return on SBI mutual fund, Chi-square test can be used

Hi: There exist no relationship between the sex and satisfaction on SBI mutual

fund return

The calculated value of Chi-square is 0.60105. The table value at 5%

significant level at 1 degree of freedom is 3.841 The calculated value is lesser

than table value. so the hypothesis can be accepted. It is the relationship, which

is insignificant, and not the factors themselves.

Table 5.65

Relationship between Investors' Satisfactions on Return on Investment

and Marital Status

Unmarried

Source: Survey Data

Table 5.65 shows the relationship between investor's marital status and

satisfaction on returri on SBI mutual fund. 93 percent of the investors are from

married category; of this 60.2 percent are not satisfied with SBI mutual fund

return. Cent percent of the unmarried and widowed investors are also not

satisfied with SBI mutual fund return

Chi-square test

To test whether there exis: t iny relationship between marital status of

Investors and thew sat~sfact~on on retu i on SBI mutual fund. Chi-square test can

be used

HI There exlsts no relatronshlp beme -? rnar~tal status and satisfact~on on returq

on SBI mutual fund investmenl:.

The calculates value of Chr-scuare 1s 4 42055. The table value at 5%

srgn~ficant level for 2 degree of freedc.1: is 5 991 The calculated value IS lesser

than the table value, so the hypothest5 can be accepted. It is the relationship,

which is insignificant, and not the factors themselves

Relationship between Investors' Satrsfaction on Return on Investment and

Education . ~ ~ -~

I Opinions Y e!j

- - - . .. --. ,

Total

Education . f

School education

College education 30 42.3 - -

100

Professional ~- ~

11.8 ' 15 -~

100

Total 1 37 - ~

37.0 : 63 .~~ + -

100 1

Chi Value ~ -~

5 597'10 Df. . -~ ~


Table 5.66 shows the relationship between education of investors and their

satisfaction on return on SBI mutual fund 58 3 per cent of the school educated.

57.7 per cent of the college educated, 88.2 per cent of the professionals are not

satisfied with SBI mutual fund return.

Chi-square test

To test whethel there exist any relationship between educational

qualification of investors and sat~sfaction on return on SBI mutual fund, Chi-square

test can be used.

HI There ex~st no relat~onsh~p between educat~on and satisfact~on on

return on SBI mutual funa

The calculated value of Chi-square is 5.59710. The table value at 5%

significant level for 2 degree of freedom is 5.991. The calculated value is lesser

than the table value So the hypothesis can be accepted. It is the relationship,

which is insignificant arid not the factors themselves.

Table 5.67

Relationship between Investors' Satisfaction on Return on Investment and


Occupation

Table 5.67 shows the relationship between occupation of investors and

. ~- 7- --

Opinions Yes No ~ A--

Occupation % Freq. % ~ -..-. --

~ -~

39.3 ; 34 ---

60.7

31.3 1 1 68.8

80.0

57.1

-. 42.9

-. 63.4

Chi Value ~

3.54248 - i

Df. -~ - ~

their satisfaction on return on SBI mutual fund. Majority of the investors

-- Total

Freq.

56

16 --

15

7 100

7

101 100

---

irrespective of their occupation are not satisfied with return on SBI mutual fund

Chi-square test

To test whether there exist ally relationship between occupation and

satisfaction on return on SBI mutual func Chr-square test can be used

Hi: There exist no relationshrp ketween occupation of investors and their

satisfaction on return on SBI mutual furid ~nvestment

The calculated value ot Ch~-sqii<+re is 7 47368 The table value at 5%

s~gnlficant level for 4 degree ol freedor s 9 488 The calculated value IS lesser

than the table value So the hypothes,~ can be accepted. It IS the relationship,

which is insignificant. and not the factors t*iemselves

Relationship between 1nvesl:ors' Satisiactlon on Return on Investment and Monthly Fam~ly Income

-- 7 ' ~ ~ ~7 - --

Opinions Yes ~ -~~ . - ~

Monthly family Freq % Freq

income in Rs. -- - ~ ~ ~.~ ~

Below 10,000 / 4 1~ -

l0,OOO to 20,000 I ;3

- ~~ ~~ 1 - - 20,000 to 30,000 39.1 7 4

. ~.~ --

60.9 23

Above 30,000 I ' 16.7 5 + . - - ----

83.3 6

Total 37 37.4 6% 62.6 99 1~~ - ~ --

Chi Value - ~. 1 3421'

~~ ~~. . ~ ~ -.


Table 5.68 shows the reiationshrp between monthly family income of

investors and satisfaction on return on SBi mutual fund. Majority of the investors

irrespective of their level of income are not satisfied with return on SBI mutual

Chi-square test

To test whether there exist any r;.lationsh~p between the place of residence

and comment encouraglng others foi ,vestment in SBI mutual fund, Chi-square

test can be used

Hi: There exist no relationsh~F! :.?tween place of residence and commenf

on encouraging others in Sal mutual f ~ i ; t i investment.

The calculated value of Chi-sc1.13re is 4.5109. The table value of Chi-

square at 5% sign~ficant level for 8 degree of freedom is 15.507. The calculated

value is lesser than the table value. Sc. :ne hypothesis can be accepted. It is the

relationship, which IS ins~gnlficant, and gar the factors themselves

Relationship between Investors' Comment on SBI Mutual Fund Investment by

j Opinions

1.; Below 35

1 years

Others and Age ~~~~ ~ ~ ~~ -- ~~ - ~-

n c o r a e c TTfZaTj Totally I much 1

-- - 1 -~ + - - ~

I Much

Freq. % Freq. % ! Freq % Freq Freq. % Freq. % ~ , i -

1 14.3 1 I 4 3 I c 0 ' 3 42.9 2 28.6 7

I

Above 50 1

years

*

~- ~


Table 5.70 shows the relat~onsh~p between age of investors and comment

on SBI mutual fund investment by others 42.9 per cent of the investors below 35

years, 48.3 per cent of 35 to 50 years. 40 percent of the above 50 years opined

that they are not much encourage others for SBI mutual fund investment.

Chi-square test

To test whether there exist any relationship between age of investors and

thelr comment on SSI mutual fund Investment by others, Chi-square test can be

used

HI Thert rxlst r1o relatlonshlp between age of Investors and comment on

SBI mutual fun0 lnvestment by others

The calc~l'dri~ci dalue of Chl-square IS 5 93311 The table value of Ch-

square at 5% siqrlif~cant level for 8 degree of freedom is 15.507. The calculated

value is lesser tnan the table value. So the hypothesis can be accepted. It is the

relatlonsh~p, which 1s insign~ficant, and not the factors themselves

Table 5 71

Relationship between lnvestors' comment on SBI Mutual Fund investment by

others and Sex

Total 3

Chi Value 0.35695 -~ -

Source : Survey Dafa

Table 5.71 shows the relationship between sex of investors and comment

on encouraging others tor investing in SBI mutual fund. 44.2 per cent of the male

investors and 47.8 per cent of the female investors are opined that they are not

much encouraging others in SBI mutual fund investment

Chi-square test

To test whether there exist any relationship between sex and comment on

encouraging others for investing in SBI mutual fund, Chi-square test can be used.

HI There ex~st no relat~onsh~p between sex of Investors and comment 01

encouraging others for fnvestllig in SBI ,nutual fund


square at 5% slgriiffcant level for 4 degree of freedom is 9.48:5. The calculatetl

value is lesser than the table value. So the hypothesis can be accepted. Hence

we can conclude that the relationship between the variables is insignificant and

the factors are independent.

Table 5.72

Relationship behveen investors' comment on SBI mutual fund investment

by others and their marital status -~

Status

Married

) 0 100 I

Widowed 0 -~ -~~ ~

a ~ O ' O

Chi Value 5.56579 ... -~

D f . ~~


Table 572 shows the relationship between the marital status of investors

and their comment on SBI mutual fund investment by others. 43.5 per cent of the

married investors and 50 per cent of the unmarried, 66.7% of the widowed

investors opined that they did not much encourage others in SBI mutual fund

investment.

Chi-square test

To test whether there exls: dny relationship betweerl marltal status and

comment encouraging others for investing in SBI mutual fund, Chl-square test can

be used

HI There exist no ielations7 p between marital status of Investors and

comment on encouraging others In SF; niutual fund investment

The calculated value of Chi-square IS 5.56579. The :table value of Chi-

square at 5% slgn~ficant level for 8 de'3ree of freedom IS 15.507. The calculated

value is lesser than the table value So the hypothesis can be accepted. Hence

we can conclude that the relationsh~p between the variables is insignificant and

the factors are independent.

'able 5.73

Source : Sun/ey Data

Relationship between irivestors' Comment encouraging others for Investing

in SBI Mutual Fund and Education

Table 5.73 shows the reiationsh~p between education of investors and their

comment on SBI mutual fund investment by others. 41.7 per cent of school

Opinions

Education School

education

College

education

Professional Total

1 Chi Value

educated investors, 46.5 per cent of the college educated and 43.8 per cent of the

professional educated investors d ~ d not niuch encourage others in SBI mutual

fund investment.

~.~~ !

Encouraged Very rnuch : Much

Totally \~ - _1- ~~

Freq. % !rreq4 % feq, YO Freq. % Freq. % Freq. %

1 8.3 ! 1 16.7 5 41.7 3 25.0 12 100

- ~ +. - - - 2 2.8 12 15.5 71 100

-. ~ - - +. ~-

0 ~- 25.0 16 100

3

3.27644 - Df.

Not Much Not at all Total

Chi-square test

To test whether there exist any relationshlp between education and

Investors comment SBi mutual fund 1.1vestors' by others, Chi-square test can be

used

HI There exists no relationsh~p between education and lnvestors comment

encouraging others for investment in SBI mutual fund.

The calculated value of Chi-square is 3.27644 The table value of Chi-

square at 5% signlflcant level for 8 degree of freedom 1s 15 507 The calculated

value is lesser than the table value. So the hypothesis can be accepted It is th?

relationshlp, wh~ch is insignificant, and not the factors themselves Table 5.74

Relationship between lnvestors' Comment Encouraging Others for

lnvestmer~t in SBI Mutual Fund and Occupation ' - -

NO^ M U C ~ I ~ o t at a11 T I

6.3 6 37.5 4 25.0 16 20.0 8 53.3 2

4 14.3 5 71.4 'I 14.3 7 Others 28.6 1 14.3 2 28.6 1 7

Df. 16 --


Table 5 74 shows the relationship between occupation of' investors and

their comment on SBI mutual fund investment by others. Majority of the investors

irrespective of the~r occupation opined that they have not encouraged others much

in investing SBI mutual fund. 45.5 percent employees, 37.5 percent of the

businessmen. 533 percent of the professionals, 71.4 percent of the agriculturists

and 14.3 percent of others opined they are not much encouraged others for

investing SBI mutual fund

Chi-square test

To test whether there exlst any relationship belween occupation of

investors ana comment on encouraging others for investing in SBI mutual lund,

Chi-square test can be used.

HI There ex~st no relatlorish~p between occupatlon and comment of

Investors regard~ng encouraging others in SBI mutual fund Investment

The calculated value of Chi-jquare is 15.01571. Tk~e table value of Chi-

square at 5 percent s~gnificant level for 16 degree of freedom is 26.296. The

c;alculated value !s lesser than the table value. So the hypothesis car1 be

accepted Hence we conclude that the variables are insign~ficant and the factors

are independent

Table 5.75 Relat~onsn~p between investors' comment encouraginlg others for Investing

n SBI Mutual Fund and Monthly Family Income - 2i"i:T;uraged Totally 1 7 ~ Very ~- much

Monthly % Freq. %

family

income in

Much

Freq %

Not Much Not at all

Freq. % / Freq. %

I Total

Freq. %


Table 5 75 shows the relationship between monthly family income of

Investors and the~r opinion on SBI mutual fund Investment by others 58.3 percent

of the investors' of lncome below Rs 10.000/-. 49 1 percent of 10,000 to 20.000

level Investors and 45 5 percent of income of 20.000 to 30.000 level Investors did

not much encourage others in SBI mutual fund investment

Chi-square test

To test whether there exrst an) relat~onsh~p between monthl) fam~ly incoine

of Investors and comment encouraglrfg others for Investment in SHI mutual fund,

Chi-square test can be used

HI There exlst no relat~onshlp between Income of Investors and oplnlon on

encouraging others for ~nvestrng in SBI mutual fund


square at 5 percent significant level for 12 degree of freedom 1s 21.026. The


accepted. Hence we conclude that the relationship between the variables is

insignificant and the factors are independent.

Table 5.76

Relationship between lnvestors' Willingness in future Investment and place

of Residence 7--- ' 0 inions 1 - a . .. No

i Location of Freq. YO YO Freq. I

I Residence - i - . - -

i Rural -

6 - .

11 ~ ~ ~ 31 4 , c - . - - , -- - - - , ~~ -

Urban ~ - . 14 37.8 1 23 62.2 37 100 + I ~

~

Total -- ~- . i 31 32 0 66

Chi Value ~ .- 1 .- 32086 - - Df.


Table 5 76 shows the relationship between place of residence of investors

and their willingness in future investment in SBI mutual fund. Majority of rural

investors (76 per centi Semi-urban investors (68.6 percent) and urban investors

(62.2 percent) are not willing to invest in future in SBI mutual fund schemes.

Chi-square test

To test whether !tiere exist any ,elationship between place of residence cf

investors and wiliiriglriess to :west in SBI mutual fund, Chi-ssquare test can bl-:

used.

Hi: There exists no relationship between place of residence and investors'

willingness to invest ,n tuture

The calculated vaiue of Chi-square is 1.32086. The table value of Chi-

square at 5 percent significant level for 2 degree of freedom is 5.991. The


accepted. It is ih'? relationship, which is insignificant, and not the factors

themselves.

Table 5.77

Relat~onsh~p between Investors' Willrngness in Future Investment and Age - ~- ~ . -

Opinions

Age . . J

Below 35 - years , 2

35 to 50 years ~~~-~ . 17 30.9

12 100

Total ~ ~ 3 .. 1 ~ 32 ~ 0 100

Chi Value

Source Sunley ilara

Table 5 77 shows the relationship between age of investors and theii-

willingness to invest iri future in SBI mutual fund. Majority of irwestors below 35

years (66.7 percent). 35 to 50 years (69 1 percent), above 50 years (66.7 percent:^

are not willing to invest in future.

Chi-square test

To test whether there exrst any relationship between aye of Investors ard

their wlllrngness lo invest in future. Chi-square test can be used

HI There erls: rlc relat~onshrp between age and will~ngness of Investors tc~

rnvest rn future

The caicti!a;i?:: ;slue of Chi-sq~are is 0.06436. The table value of Chi-

square ai E ' k SI(;.,~I:,A.,': le,~el for 2 degree of freedom is 5.991. The calculated

value is lesser :tiarl the table value. So the hypothesis can be accepted. It is the

relationshrp. which is insignificant, and not the factors themselves.

Table 5.78

Relationshrp between lnvestors' willingness in Future Investment and Sex r----- - -

~ r----

+rons Yes I - -- - ~ a-Total]

.-

Female - ~- 47.6 52.4 100 -- - Total ~, 32.0 66 68.0 97 100

Chi Value 3.02284 J Df.

Source Surdey Data

Table 5.78 shows the relationshrp between sex of investors and their

willingness to invest in tuture. Majority of both male (72.4 percent) and female

(52.4 percent) are r,or will~nq to invest in future

Chi-square test

To test whether there exist any relationship between sex and willingness Of

investors to Invest in future Chi-square test can be used.

Hi: There exist no relationship between sex and willingness of investors to

invest in future.


square at 5% signlticant level for 1 degree of freedom is 3.841. The calculated

value is lesser tharl !tie table value So the hypothesis can be accepted. Hence

we can conclude t:w the relationsnu between the variables is insignificant and

the factors are indei:)?!-?dent.

Relationshiu Lie:,..-!:!: Ir.~vestors VL' llingness in Future Investment and Marital

Status r - ~ - ~- ~-

Yes - ~- ~~

~-

unmarried - ~ ~ .~~ ~ 100

!

Total 31 32.3 ~ .- 67.7 100

2.05516 -. L Df.

Source: Survey Date

Table 5.79 presented above shows the relationship between marital status

of Investors and the~r w~llingness to ~nvest SBI mutual fund in future. 65.6 percent

of the married investors and cent percent of the unmarried and ,widowed investors

are not wllllng to ~nvesl 4 : i future

Chi-square test

To test whether there exist any relationship between marital status of

investors and thelr w~llingness to invest in future, Chi-square test can be used.

Hi: There exist no relationship between marital status and willingness of

investors to invest in future

The calculated value of Chi-square 1s 2.05516. The table value of Chi-

square at 5% significant level for 2 degree of freedom is 5.991 The calculated


relatlonsh~p, whlch 1s inslgnlficant, an0 . i c t the factors themselves

Relationship between Investors' will~~~griess in Future Investmerit and Education

-- ~~


Table 5.80 shows the relationship between education of investors and their

willingness in future investment in SBI mutual fund schemes. 66.7 percent of the

school educated investors, 64.2 percent of the college educated and 82.4 percent

of the professionals are not willing to invest in.

Chi-square test

To test whether there exist any relationship between education and

willingness to invest in future. Chi-square test can be used

Hi: There exist no relationship between education and willingness in future

investment.

The calculated value of Chi-square IS 2.05516. The table value of Chi-

square at 5% significant level for 2 degree of freedom is 5.99'1. The calculated


relationship, which is ins~gnificant, and not the factors themselves8

Table 5.81

Relationship between Investors' willingness in future investment and occupation

I -

L O P E ~ ~~

I Oc-on ,--~ ~ -~

i Professional

I Agriculture

Others

~ . ~ ~ ~

Yes ~ ~~pp .--- ~.~ No ----- 1 Total

% F re* F r e q ~ ~~ . - ~ % - Freq. %

18 -~ 34.0 Ei 3 100 . ~~~ -.

31 3 3 ~ ~ . -- 11 --- 100

20 C --

12 ~ 80.0 1 'I5 ---- I 14.2

-- ~ ~ . ~ 85.7

1 66.7 2 ~~ 33.3 1 6 I- -W.i

31 32 0 66 ---- 68.0 - (37

5 41737 Df. I 4 - - . . -

loo -1 I

-J

Source Suive) Oata

Table 5 81shows the relationship between occupation of investors and their

willingness in f ~ ~ t u r t ~clvestrnent in SBI mutual fund schemes. Majority of the

employees (66 percent). Businessmen (68.8 percent), Professionals (80 percent).

agriculturist (85 7 percent) and 33.3 percent of others are not willing to invest in

future

Chi-square test

To test whether there exist any relationship between occupation and

willingness in future investment, Chi-sql lare test can be used

Hi: There exlst no relationship between occupation and willingness to

invest in future

The calcuiate~j value of Chi-square IS 5.41737 The table value of Chi-


value is lesser than the table value. So the hypothesis can be accepted. Hence

we can conclude that the relationship between the variables is insignificant and

the factors are inde~endent

Table 5.82

Relationship between Investors' \rvililngness in Future Investment and Monthly

Farnily Income ~ ~ . - ~ - ~~ - - -

O~nrons ~ -. - , ~ ~~ Yes No i i Total ] ~~. ~ - - -+-

i Monthly family Freq. v~: Freq % Freq. % 1 income in ~ -~ Rs - , ~ . ~ ~ -

I -

Below 10,000 I

~ 4 ~~ - -- - -~ 33 . ~ @ 667 1 12 ~ ~~ - - - -- -. 100

10,000 to 20 '~ 000 . 19 23 < 37 . -~ ~~ ~~~ ~ ~~ 100 I

- 20,000 to 30,000 ~- ~ 7 3 1 8 ' 15

+ -~ _.___ . - _ ~~ ~ ~- ~ - -.

Above 30,000 - 1 83.3 I ~ ~ - ~ ~ ~ . ~ ~

Total 4 31 677 1 -

Chi Value - ~ ~~ -


Table 5.82 shows the relatlonshrp between monthly family income of

investors and their willingness to invest in future 66.7 percent of the investors of

income below Rs. 10.0001-, 66.1 percent of income Rs. 10,000/- to 20.000, 68.2

percent of income between 20,000 and 30,000 and 83.3 percent of income above

30,000 are not willing to invest in future in SBI mutual fund

Chi-square test

To test whether there exist any relationship between monthly family income

of investors and willingness to invest in future. Chi-square test can be used.

Hi: There exist no relationsh~p between monthly fanlily income and

willingness to invest in future

The calculated value of Chi-square is 0 74681. The table value of Chi-



relationship, which is ins~gn~ficant, and not the factors themselves

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