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PERCEPTION TOWARDS
MUTUAL FUND WITH
SPECIAL REFERENCE TO
AXIS BANK (PUDUCHERRY)
Banks 27
Peer Group 4
Advertisement 24
0 5 10 15 20 25 30 35 40 45
% AMOUNT OF INVESTED IN
50
49
MFs
45
40
35
30 25
25
20 16
15 10
10
5
0
" " " " " " " "
MODE OF INVESTMENT
PREFERRED
MODE FREQUENCY
SOURCE OF
40 36 INFORMATION
35 29
30
25
16
20 14
15 10
10 6 5
5
0
0
70
60 58
LEVEL OF RISK 50
39
40
30
20
10
3
0
High Moderate Low
EXPERIENCE IN
More than 4 years 30
FINANCIAL
MARKETS
1 to 4 years 41
0 5 10 15 20 25 30 35 40 45
REASONS FOR INVESTING IN MUTUAL FUND OF AXIS BANK
Chi-Square Tests
Asymp. Sig.
Value df (2-sided)
Pearson Chi-Square 19.856a 9 0.019
49% of the respondents have invested Rs. 25,000 annually in Mutual funds, and these groups are earning annual
income of Rs. 1.2 to 3 lakhs. Since the valuation of significance using chi-square at (df of 9) is 0.019, there
exists a significant dependency relationship between income of the respondents and the amount invested by the
mutual funds.
KIND OF INVESTMENTS / ANNUAL INCOME CROSS TAB
KIND OF
INVESTMENTS / ANNUAL Up to Rs. Rs. 1.2 to Rs. 3 Lakhs Above Rs.
Total
INCOME 1.2 Lakh 3 Lakhs to 4.8 Lakhs 4.8 Lakhs
Bank Deposits
2 20 6 13 41
Life Insurance
4 22 14 15 55
Mutual Funds
4 16 16 8 44
Post Office NSC
2 3 3 5 13
Shares / Debentures
1 7 5 4 17
Gold / Silver
2 10 8 10 30
Real Estate
1 6 8 4 19
It can be observed from the above table that most of the Mutual
Fund investors belong to the middle income group of 1.2-4.8 lakhs.
KIND OF INVESTMENTS * OCCUPATION CROSS TAB
KIND OF INVESTMENTS
* OCCUPATION Govt. Private Total
Sector Sector Business Agriculture Others
Bank Deposits
6 19 7 0 9 41
Life Insurance
6 25 16 0 8 55
Mutual Funds
4 21 12 0 7 44
Post Office-NSC
2 5 1 0 5 13
Shares / Debentures
2 10 3 1 1 17
Gold / Silver
3 18 4 0 5 30
Real Estate
1 8 4 1 5 19
It can be observed from the above table that majority of the mutual fund
investors are occupied in the private sector.
AMOUNT INVESTED IN MUTUAL FUNDS *
OCCUPATION
CROSS TABULATION (CHI-SQUARE)
AMOUNT INVESTED Occupation
IN MUTUAL FUNDS
Govt. Private
Sector Sector Business Agriculture Others Total
"less than 25,000" 5 30 7 0 7 49
"25,000 to 40,000" 4 10 8 1 2 25
"40,000 to 70,000" 2 7 1 0 0 10
"more than 70,000" 0 5 7 0 4 16
Total 11 52 23 1 13 100
Chi-Square Tests
The value of significance using Pearson Chi-Square (df of 12) is 0.080, which
indicates that there is no significant dependency relationship between the amount invested
in mutual funds and occupation of the investors.
LEVELS OF RISK * AGE - (CHI-SQUARE)
RISK *AGE < 30 years 30 - 40 years 40-50 years > 50 years Total
High 2 1 0 0 3
Moderate 17 16 4 2 39
Low 25 22 8 3 58
44 39 12 5 100
(df of 6) is 0.976
LEVELS OF RISK * QUALIFICATION - (CHI-SQUARE)
RISK AND Less than Under Post Technical /
QUALIFICATION graduate Graduate Graduates Professional Total
High 0 1 1 1 3
Moderate 1 14 16 8 39
Low 2 26 19 11 58
Total 3 41 36 20 100
(df of 6) is 0.966
LEVELS OF RISK * OCCUPATION - (CHI-SQUARE)
RISK AND Govt. Private
OCCUPATION Sector Sector Business Agriculture TOTAL
Others
High 1 1 1 0 0 3
Moderate 3 20 11 1 4 39
Low 7 31 11 0 9 58
TOTAL 11 52 23 1 13 100
(df of 8) is 0.702
KNOWLEDGE LEVEL OF MUTUAL FUND * AGE CROSS-TAB (CHI-SQUARE)
Chi-Square Tests
The value of significance using Pearson Chi-Square (df of 9) is 0.334, which indicates there is
no significant dependency relationship between the knowledge level of mutual fund and age.
KNOWLEDGE LEVEL OF MF * QUALIFICATION (CHI-SQUARE)
Knowledge level of mutual
fund investor * Qualification
Less than Under Post Technical /
graduate Graduate Graduate Professional Total
"Totally ignorant" 1 18 15 6 40
Partial knowledge of mutual
funds 1 10 12 9 32
Fully Aware 1 6 1 3 11
Total 3 41 36 20 100
Chi-Square Tests
Asymp. Sig.
Value df (2-sided)
Pearson Chi-Square 8.554a 9 0.479
The value of significance using Pearson Chi-Square (df of 9) is 0.479, which indicates there
is no significant dependency relationship between the knowledge level of mutual fund and
qualification.
KIND OF AXIS MF INVESTMENT SCHEMES
Kind of Axis Investment
Less than 30 30 to 40 40 to 50 More than
Schemes * Age Total
years years years 50 years
"Axis equity" 12 16 4 1 33
Axis ELSS scheme 6 3 0 1 10
Axis triple advantage fund 9 4 1 0 14
Axis gold ETF fund 9 10 4 0 23
Other Fund 8 6 3 3 20
Total 44 39 12 5 100
Majority of the respondents belonging to the age group of 30 to 40 years, prefer to invest
in Axis equity fund. The value of the correlation is 0.077(+), which signifies the existence
of a positive correlation between the kind of Axis MF investment schemes preferred by
investors and their age.
Suggestions & Recommendations
Customers of Axis Bank seem to be attracted to the Mutual fund of Axis Bank
because of the good services provided by the bank staff and reasonable and average
returns, while customers prefer other Mutual fund companies because of the high
returns provided by such companies and Strong brokerage support.
Axis bank must publicise its schemes in a more effective manner, so that
information reaches the ignorant masses, not only about its schemes, but also about
Mutual fund investment in general.
The Bank should try to focus more on investors who are young, those who are
earning medium income and those who are occupied in the service sector.
Customer follow up should be timely so that the customer may not have problem in
getting any information regarding the company and about the new products.
So that the customer may not have problem in getting any information regarding
the company and about the new products.
CONCLUSION
strides taken shall yield very good results, which will be good for the