MAJOR RESEARCH PROJECT

On

“A Comparative Study of Investment vs. Saving - Risk & Opportunities”

For partial fulfillment of the requirement for the Degree of

Master of Business Administration

Batch 2018-2020

Guided By: Submitted by

Jolly Sushma (Asst. Prof) Pratik Singh (MBA 4 TH SEM)
(IPS Academy, IBMR) Business Economics (Finance)
2018-2020

IBMR IPS ACADEMY

Rajendra Nagar, A.B. Road, Indore–452012 (M.P.)
 PREFACE

The bookish knowledge of any program, which we get from educational institutions,
is not enough to be used in our day-to-day life. The more practical knowledge we
have, the more beneficial it is for our learning.

To make the students aware of the working of the business world every student of
MASTER OF BUSINESS ADMINISTRATION (Business Economics 4 th SEM
-Finance) has to undergo a major research project where he/she experiences many
aspects of business under the supervision of Professional Managers.

I strongly believe that the knowledge gained from this experience is more than the
knowledge gained from the theories in the book.

Place: Indore Student Name:

Date: Pratik Singh (MBA 4 TH SEM)
2018-2020
 CERTIFICATE

This is to certify that Mr. Pratik Singh Student of Institute of Business Management
and Research, IPS Academy, Indore of MBA - Business Economics (Finance)
program has prepared Major research Project report on topic “A Comparative Study
of Investment vs. Saving - Risk & Opportunities” under my guidance.

Internal Examiner (Guide) External Examiner

Director
IBMR, IPS Academy

STUDENT DECLARATION
I Pratik Singh Student of Institute of Business Management and Research, IPS
Academy, Indore of MBA (Business Economics) program has prepared Major
research Project report on topic “A Comparative Study of Investment vs. Saving
-Risk & Opportunities”.

The Research as per my knowledge is original and genuine and not published in any
research Journal previously.

Pratik Singh (MBA 4 TH SEM)

Business Economics (Finance)
2018-2020

ACKNOWLEDGEMENT
I often wondered why the project reports always began with acknowledgement. Now,
when I have undertaken project myself, did I realize that project report involves not
just the researcher but so many people that help in making the research possible.
Therefore, I take pleasure in beginning the most beautiful part of the report.

I fall short of words to express my gratitude to my guide Prof. Ms. Jolly Sushma
who despite her busy schedule were able to find some time to guide me through
trouble and solve my problems to the best of abilities. Without their unfailing
guidance, encouragement and patience this project would not have been possible. It
has been a learning experience under him/her.

I am thankful to my faculty guide Prof. Ms. Jolly Sushma who gave me detailed
instructions during my MRP.

CONTENTS
[Link]. CONTENT PAGE NO.
1 Introduction 1 to 5

2 Differences between Savings and Investment 6

3 Saving vs. Investment profile and Elements 7 to 9

4 Review of Literature 10 to 12

5 Rational of study 13

6 Objective of study 14

10 Research Methodology 15 to 32

11 Finding 33

12 Suggestions 34

13 Conclusion 35 to 36

14 References 37 to 38

15 Annexure 39 to 42
 INTRODUCTION

When a number of government and non-government investment options are available

at the door step of the investors, attitude of investor towards an investment avenue
influence the investing decision of the investor. Investors in today’s scenario are
mostly driven by the lucrative returns of the various investing avenues and the
attractiveness that it holds besides the basic aim of the investor to invest. It is of great
significance to understand what an investor think, perceive and act so that the avenue
can be accepted as per the investing requirement and it further helps to establish a
fruitful return in the future as per the goals of the investor . An investor shows positive
attitude for the avenues whose return are closer to the investor’s goals. What are the
factors responsible for the acceptance of the investment avenue? There may or may
not be some factors associated with investment decision of investing in various
avenues available by the salaried individuals and with this study answer to this
question can be found.

1
Saving

Savings, according to Keynesian economics, consists of the amount left over when the
cost of a person's consumer expenditure is subtracted from the amount of disposable
income he earns in a given period of time. Saving is income not spent, or deferred
consumption. Methods of saving include putting money aside in, for example, a
deposit account, pension account, an investment fund, or as cash. Saving also involves
reducing expenditures, such as recurring costs. In terms of personal finance, saving
generally specifies low-risk preservation of money, as in a deposit account, versus
investment, wherein risk is higher; in economics more broadly, it refers to any income
not used for immediate consumption. Saving differs from savings. The former refers
to the act of increasing one's assets, whereas the latter refers to one part of one's
assets, usually deposits in savings accounts, or to all of one's assets. Saving refers to
an activity occurring over time, a flow variable, whereas savings refers to something
that exists at any one time, a stock variable.

Investment

Investment is the cost of certain present value for the uncertain future reward. In other
words investment refers to assurance of funds to one or more assets that will be held
over some future time period. Anything not used today but saved for future use can be
termed as investment. One also needs to understand that investment is not gambling,
gambling is putting money at risk by betting on uncertain outcome with the hope that
you might win money. It requires arriving at number of decisions such as type, mix,
amount, timing, grade etc. of investments and disinvestments. Moreover, such
decision-making has not only to be continuous but rational too. An investment
decision is a trade-off between risk and return. All investment decisions are made at a
point of time in accordance with the personal investment ends and in thought of
uncertain future. The daily usage of the term investment can mean a variety of things,
but to the man on street it usually refers to a money assurance of some sort. Every
investor differs from each other in various aspects like demographic factors, socio-
economic background, marital status, educational qualification, age, gender, etc.

2
Risk of Investments

Risk basically means the possibility of losing some or all of original investments. In
other words it can be understood as the chance that an investment’s actual return will
be different than expected. In considering the various economic and political factors,
investors commonly identify five major risks which their investments are exposed and
these are as follows:

 Business and Financial Risk: Business risk, which is also called, operating
risk, is the risk which is associated with the normal day to day operations of the
firm. On the other hand financial risk is the risk which is created by the use of
fixed cost securities (that is, debt and preference shares).
 Purchasing Power Risk: whenever investors desire to preserve economic
position over time, they utilize investment outlets whose values vary with the
price level. They select investments whose market values change with
consumer prices which compensates them for cost of living increase.
 Market Risk: Market risk can be understood as the risk related to the
likelihood of incurring capital losses from price changes engendered by a
speculative psychology.
 Interest Rate Risk: Interest rate risk is the risk related to the changes that
occur in the various interest rates and this type of risk affects all kind of
investors.
 Social or Regulatory Risk: The social or regulatory risk arises when an
otherwise profitable investment is impaired as a result of adverse legislation,
harsh regulatory climate, or in extreme instance nationalization by a socialistic
government.

3
We can divide the various investment avenues according to their risk patter in broadly
four categories which are as follows:

 Low Risk Avenue: Saving Accounts, Bank Fixed Deposits, Public Provident
Fund, Government Securities, etc.
 Moderate Risk Avenue: Mutual Fund, Life Insurance Policy, Debentures,
Bonds, etc.
 High Risk Avenue: Share Market, Commodity Market, FOREX Market, etc.
 Traditional Avenues: Real Estates (Property), Gold, Silver, etc.

Returns on investment

A major purpose of investment is to get a return or income on the funds invested in

various avenues. On a bond, every investor expects to receive interest. On a stock,
dividends may be expected. The investors may expect capital gains from some
investments and rental income from house property. Return may take several forms
depending upon the nature of the investment.

4
Importance of Investments

Investments are both important and useful in the context of present-day conditions.
There are many factors which have made these investment decisions increasingly
important are as follows:
1. Longer Life Expectancy
2. Interest Rates
3. Inflation
4. Income

Investment Option Available

There are a large number of investment instruments available today. The people has to
choose Proper Avenue among those available, depending upon their specific need,
risk preference, and return that are expected. Different Investment avenues can be
broadly categories under the following heads.

1. Debentures
2. Company Fixed Deposits
3. Fixed Deposits
4. Mutual Fund
5. Corporate
6. Post office Savings
7. Public Provident Fund
8. Real Estate
9. Life Insurance
10. Gold/Silver/Other

5
 DIFFERENCES BETWEEN SAVINGS AND INVESTMENT

The differences between savings and investment are explained in the following points:

(1) Savings means to set keep aside a part of your earned income for future use.
Investment is often defined as the act of putting funds into the productive uses, i.e.
investing in such investment vehicles which can reap money over a period of time.

(2) People often save money, to fulfill their unexpected and sudden expenses or
urgent money requirements. Conversely, investments are made or done to generate
returns over the period so that it can help in capital formation of an individual.

(3) With an investment, there is follows always a risk of losing money. Unlike
savings, there are comparatively fewer chances of the losing the hard-earned money.

(4) Investment provides higher returns than savings, as there is assured and nominal
rate of interest on savings. However, the investments in turn can earn money more than
the invested amount, if invested wisely.

(5) You can have easily have access to your savings, anytime because they are highly
liquid and flexible, but in the case of investment you cannot have easy access to money
as compared , because the process of selling the investments and making liquid takes
some time.

6
 SAVING

Saving differs from savings in that the first refers to the act of putting aside money for
future use, whereas the second refers to the money itself once saved. For example: you
may decide to start saving 10% of your income; because you aim for your savings to
grow into an amount sufficient to buy an automobile. In common usage, saving generally
means putting money aside, for example, by putting money in the bank or investing in a
pension plan. In a broader sense, saving is typically used to refer to economizing, cutting
costs, or to rescuing someone or something. In terms of personal finance, saving refers to
preserving money for future use - typically by putting it on deposit - this is distinct from
investment where there is an element of risk. Saving is closely related to investment. By
not using income to buy consumer goods and services, it is possible for resources to
instead be invested by being used to produce fixed capital, such as factories and
machinery. Saving can therefore be vital to increase the amount of fixed capital available,
which contributes to economic growth.

SAVING IN PERSONAL FINANCE

Within personal finance, the act of saving corresponds to nominal preservation of money
for future use. A deposit account paying interest is typically used to hold money for
future needs, i.e. an emergency fund, to make a capital purchase (car, house, vacation,
etc.) or to give to someone else (children, tax bill etc.).
Within personal finance, money used to purchase shares, put in a collective investment
scheme or used to buy any asset where there is an element of capital risk is deemed an
investment. This distinction is important as the investment risk can cause a capital loss
when an investment is realized, unlike cash saving(s). Cash savings accounts are
considered to have minimal risk. In the United States, all banks are required to have
deposit insurance.

7
 ELEMENTS OF INVESTMENTS

RETURN: Investors buy or sell financial instruments in order to earn return on them.
The return includes both current income (current yield) and capital gain (capital
appreciation).

RISK: Risk is the chance of loss due to variability of returns on an investment. In case of
every investment, there is a chance of loss. It may be loss of investment; however risks
and returns are inseparable.

TIME: Time is an important factor in investment. Time period depends on the attitude of
investors who follow a ‗buy‘& ‗hold ‘policy.
A serious minded investor will have to consider the following important categories of
investment opportunities:-

 Protective investments.
 Tax oriented investment.
 Fixed income investment.
 Speculative investment.
 Emotional investment.
 Growth investment.

8
 INVESTOR PROFILE

An investor profile or style defines an individual's preferences in investment

decisions, for Example:

 Short term trading (active management) or long term holding (buy and hold)
 Risk averse or risk tolerant / seeker
 All classes of assets or just one (stocks for example)
 Value stock, growth stocks, quality stocks, defensive or cyclical stocks...
 Big cap or small cap stocks,
 Use or not of derivatives.

9
 REVIEW OF LITERATURE

(Dr. Amaraveni P. & Mrs. Archana M, 2017) - House hold savings are invested in
different type of assets which are based on their risk and return appetite, liquidity, capital
protection, the availability of investment avenues etc.

(Dr. Chaubey, Dhani & Dev, Rishabh, 2016) - The majority of the investors from all
age class, gender and occupations like to invest their savings in long term investment
opportunities. They also conclude that the female investors invest their savings in safe
investments whereas the males are more aggressive in their investments.

(S. C. Das & Vivek Kumar, 2016) - studies the relationship between the saving and
investment of middle household in India. The study notifies that monthly income and
type of employment has no impact on the saving behavior of an individual however the
investment behavior is largely depends on the monthly income of the investor.

(Devi, 2015) - Every investor differs from each other in various aspects Demographic
factors the government should also design some policy to make People invest their
money which they have kept with themselves at home..

([Link] & [Link], 2015) - These days new age financial products are available,
to understand about the products, the individuals must have awareness on investment
which affects the overall portfolio selection as well.

(Sood & Kaur, 2015) - It was propounded that the most preferred investment options are
LIC and bank deposits and most of the factors influencing investment decisions were
high returns, tax benefit and safety.

10
(Cvrlje, 2015) - To change the perspective and instead of simply pushing citizen for their
noncompliance government should try to provide them an incentive and motivate them to
actively participate in taxation arena.

(Shivakumar & Thimmaiah, 2015) - Majority of the respondents said risk coverage &
children education as the major objective of their saving & investment

(Kothari,H 2014) - It was found that younger people are more interested in investment
in comparison to elder and middle age people and the different age group have different
perception towards investment.

(Goyal & Sharma, 2014) - Investors have sufficient knowledge about various
investment avenues as bank deposits, real estate but are not aware about stock market,
equity, bonds.

(Bhushan, 2014) - The high financial literacy groups have higher awareness level for all
financial products except for post office savings. Respondents are quite aware about
traditional and safe financial products whereas awareness level of new age financial
products is low. Majority of the respondents still park their money in traditional avenues.

(Jagongo & Mutswenje, 2014) - Result of factors analysis revealed that the most
important factors were firm position & performance, investment return & economic
condition, diversification & third party opinion.

(Patil & Nandawar, 2014) - The study concluded that investors are aware about
investment avenues available in India but still investors are preferred to invest in bank
deposits, real estate, metals (gold, silver)

11
(Chakraborty & Digal, 2011) - The result shows that objective to saving is significantly
influence by demographic factors such as age, occupation and the income level of
investors. It was found female investors tend to save more in a disciplined way than male
investors.

(Bairagi & Rastogi, 2008) - There is an explosion in the growth of middle class families
due to double income and increase in number of working women hence effort should be
made to attract women investors by providing right information and knowledge about the
market through advertisement.

(Ranganathan, 2006) - The availability of more saving instruments with varied risk-
return combination would make the investors more alert and choosy. Running a
successful MF requires complete understanding of the peculiarities of the Indian Stock
market and also the psyche of the small investors.

12
 RATIONALE OF STUDY

With the entry of various financial products in Indian Market, the decision of investment
is emerging as a new challenge for the various investors in the market. When this set of
investors is composed of a significant number from salaried class range than it becomes a
talk of great importance. For retaining this group of investors who had just tasted the
return essence it is of crucial importance to understand what the possible factors are that
are paving them towards investment and vice versa. Why a middle income person is so
keen in investing and with which level of knowledge about the same.
If answer to this can be found by investment companies than they could better understand
their target set of investors (mostly upper middle income class population- as per various
surveys), and would better be able to cater their requisites. The study will help to
understand the various factors of salaried class investors towards various investment
avenues with regard to their knowledge and level of satisfaction. It would further help to
understand the congruence of investment decision and investment patterns that would in
turn help the financial marketers to better understand the mindset of Indian salaried class
investors and would be able to attract more and more investors.
When studies on investment decisions are looked for either on any of the search engines
or any other platform, than mostly the earlier studies that are found had been conducted
in southern part of India, hence this study is proposed to be conducted in various cities of
India. Salaried employees in general have fix flow of income & their investments
patterns are found also different. In connection with this Researcher has tried to find out
investment behavior of salaried investors in Pune region. It will be helpful to understand
the investment preferences of investors. The research paper will become the helping hand
to the research scholars as well as students for their further studies in their respective
area.

13
 OBJECTIVES OF STUDY

 To study the behavioral pattern of investments among salaried people working in

private sector.
 To study the difference in perception of an individual related to various investment
alternatives.
 To provide an insight into factors considered for an appropriate investment.

14
 RESERCH METHODOLOGY

Research Design: The following Research is done through Exploratory Design and
Descriptive Design.

Data Collection: Data is collected from growing working population i.e. salaried
individuals using structured questionnaire based on five point likert scale and various
multiple choice questions. The secondary data is collected through research publications,
standard journals, periodicals and web.

Universe of the study: Universe for the proposed study is the growing working
population of India in both public and private sector.

Sample Design: The study sample comprised of 100 salaried people in private sector.
Using stratified random sampling method the salaried people were classified into two
categories on the criterion of sex. 50 were male and 50 were female. Both the
respondents male as well as female were salaried employees employed in various
Companies in manufacturing, trading and service providing sectors.

Tool for data collection: A questionnaire was framed consisting of closed end questions
and open end questions covering the personal and demographic profile.

Tools for data analysis: The tools are used in this study:

1. For Descriptive Statistics.

2. To find out the relationship.
3. SPSS 22 & AMOS.

15
 DAT ANALYSIS AND INTERPRETIONS OF THE RESULTS

 The survey conducted to investigate “The Investment perspective of the salaried

people in the Private Sector” which discloses the reasons, methods, types and
modes of investment followed by these people. The graph below depicts the same.

(1) PERSONAL PROFILE

Interpretation

 It is evident from the chart that the number of male and female respondents was
equal in number.

16
(2) MARITAL STATUS

Interpretation

 It is evident from the chart above that most of the respondents, male as well as
female are all married.

17
(3) AGE GROUP

Interpretation

 It is evident from the chart above that majority of the respondents fall in the age
group of 41 to 50 years and minimum in below 30.

18
(4) EDUCATION

Interpretation

 It is observed that maximum of the respondents are graduates, followed by post

graduate and professionals whereas the minimum are undergraduates.

19
(5) DESIGNATION

Interpretation

 It is observed that the majority of the respondents both male and female are
employed as Executive whereas minimum are on the post of Director.

20
(6) FILING OF INCOME TAX RETURN

Interpretation

 It is observed that the majority of the male respondents file their Income Tax
Returns while majority of female respondents do not file their Income Tax
Returns.

21
(7) ANNUAL INCOME

Interpretation

 It is observed that majority of the Male respondents have annual Income in range
of 2-5 Lac while majority of Female respondents have annual income in range of
1-2 Lac.

22
(8) ANNUAL SAVINGS

Interpretation

 It is observed that majority of the Male respondents have annual Savings in range
of 1-2 Lacs while majority of Female respondents have annual savings below 1
Lac.

23
(9) ANNUAL INVESTMENT

(CONSIDERING THE TOTAL OF ALL THE AVENUES)

Interpretation

 It is observed that majority of the Male respondents have annual Investment in

range of 1-2 Lac while majority of Female respondents have annual Investment
below 1 Lac.

24
(10) AVENUES OF INVESTMENT

Interpretation

 It is observed that majority of Investment of Male respondents is in the Stock

market followed by Mutual Fund , Real Estate and Government Securities while
the minimum is in Gold. Whereas the majority of Investment of Female
respondents is in the Government Securities followed by Gold, Mutual Fund and
Stock Market while the minimum is in Real Estate the as the first

25
(11) RETURN ON INVESTMENT

Interpretation

 It is observed that the majority of Male respondents invest in those Avenues of

Investment where the Return on Investment is more than the Prevailing Market
Return. Whereas the majority of Female respondents invest in those Avenues of
Investment where the Return on Investment is Less than or Equal to the Prevailing
Market Return.

26
(12) PROPORTION OF SAVINGS TO INCOME

Interpretation

 It is observed that majority of the Male respondents have proportion of savings to

income in range of 10-20% while majority of Female respondents have proportion
of savings to income in range of below 10%.

27
(13) PROPORTION OF INVESTMENT TO INCOME

Interpretation

 It is observed that majority of the Male respondents have proportion of investment

to income in range of 10-20% while majority of Female respondents have
proportion of investment to income in range of below 10%.

28
(14) PROPORTION OF INVESTMENT TO SAVINGS

Interpretation

 It is observed that majority of the Male respondents have proportion of investment

to savings in range of 50- 60 % while majority of Female respondents have
proportion of investment to savings in the range of 40-50%.

29
(15) REASON FOR INVESTMENT

Interpretation

 It is observed that the majority of Male respondents invest for getting higher
returns on their funds/savings where as majority of female respondents invest for
safety of their funds/savings.

30
(16) PREFERENCE OF INVESTMENT

Interpretation

 It is observed that the male respondents prefer Higher Returns with High Risk
while the female respondents prefer Lower Returns with Lower Risk.

31
(17). SATISFACTION FROM INVESTMENT

Interpretation

 It is observed that the Male respondents are satisfied with their savings and
investments while the female respondents are not clear on the matter.

32
 FINDINGS

1) In this study finds the majority of Male respondents invest for getting higher
returns on their funds/savings where as majority of female respondents invest
for safety of their funds/savings.
2) There is significant relationship between the income level & awareness of the
investments among respondents as comparatively higher income class people
are more aware about different investment avenues than respondents with
lower income class people.
3) It this study finds the male prefers Higher Returns with High Risk while the
female prefer Lower Returns with Lower Risk.
4) In this study we find that Male satisfied with savings and investments while the
female are not clear on the matter.
5) The main objectives of investors are good returns followed by future security
on investments.

33
 SUGGESTIONS

 "If you want to get rich, save whatever you get. Even A fool can earn money;
but then it takes a wise man to save and to dispose of it to his own
advantage."

-- Brigham Young

It is absolutely essential to save your income what you earn, to have a plan for your
future, and to resist spending funds that you do not already have. Mutual fund is the also
found as most favored option by the youngsters today. Investment in mutual funds
through the way of Systematic Investment Plan (SIP) is a favored investment option by
the youngsters.

Awareness programs needs to be conducted by stock broking firms, because most of the
respondents i.e. investors are thinking that these avenues are loss making & having are
having no good return on it. Hence the researchers have concluded that most of the
investors prefer secured regular income on investment in the study Area.

 “In investing money, the amount of interest you want should depend on
whether you want to eat well or sleep well”

-- J. Kenfield Morley

Are you on the road to a secure future? The following points should be kept in mind
while taking the decisions related to savings and investment of the savings:

34
 CONCLUSIONS

The economy is prospering, the job market is booming and salaries are touching a new
high. The new breed of Indian youth has its pockets full and is intelligent enough not to
let its money rust in bank accounts. Investment is on their mind and an option that has the
potential to multiply their savings and provide maxi-mum tax rebate is the one they
crave. Traditional saving options like post office schemes and fixed deposits are now
passé. ―Options like post office schemes and fixed deposits are not very popular with
the youth as the rate of interest on them is lower as compared to other in-vestment
options available. Safety and security which were once upon a time the main reasons for
investment are no longer the major criteria that determine the choice of investment. With
money in hand and age on their side, the young investors are not hesitant in taking risk.
―Fixed deposits are not a very attractive investment option for youngsters these days.
Most of the people who opt for fixed deposits are senior citizens is revealed in one of the
surveys conducted in India. Saving tax is one of the major reasons behind investment by
the youth. Traditional saving schemes do not provide any tax benefits and are, therefore,
keeping the youngsters away from them. ―Why should I invest in fixed deposits and
post office schemes when they provide no tax rebates and the rate of return on them is
fixed and also lower than other investment options,‖ is what Young saver and investor has
to say.

Mutual fund is the most favored option of the youngsters today. ―The stock market is
doing so well. I am a little apprehensive about investing directly in the stock market but
at the same time I want to avail of the benefits of the rapidly rising stock market. So,
mutual funds are the best option for me is what a 30 something Investor has to say.
Investment in mutual funds through the Systematic Investment Plan (SIP) is a favored
investment option for the youngsters. This is especially true of the young salaried class
which has just started earning and does not have a fat bank balance as yet. ―In case of

35
Systematic Investment Plans, instead of bulk payment, a small amount is to be paid every
month. This makes them very popular with the salaried class who find it difficult to shell
out a large amount at one go. Real Estate market is also the one which youngsters prefer
after all the above ones. Especially in a city like Mumbai where Real estate is always on
the high or up, this is not at all bad investment option. But there is no fixed return and the
risk and amount of investment is high. Other Traditional Investment option like the Fixed
Deposit or the Post Office schemes (PPF/NSC/NSS/KVP/IVP) are losing their way due
to blocking of funds and lower returns. Gold is still preferred to some extent especially
when it comes to females. Due to rise in price of gold from somewhere around 4,000-
5,000 in 2003 to around 17,000 in 2010, gold is still shining as an investment option.
Youngsters today are aware of what is happening around them and are intelligent enough
to decide what is best for them. Every option is considered and the pros and cons of each
weighed carefully before the decision to invest the hard-earned money is taken.

36
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ANNEXURE

38
1. Name : ________________________

2. Gender:

a) Female
b) Male

3. Date of Birth: ________________________

4. Marital Status:

a) Married
b) Unmarried

5. Age Group:

a) Below 30
b) 30-40
c) 41-50
d) Above 51

6. Education:

a) Undergraduate
b) Graduate
c) Post Graduate
d) Professional
e) Any Other

7. DESIGNATION

39
 a) Officer
b) Executive
c) Manager
d) Director

8. FILING OF INCOME TAX RETURN

a) Income Tax Return Filled

b) Income Tax Return Not Filled Trading

9. ANNUAL INCOME

a) 1-2 Lac
b) 2-5 Lac
c) 5-10 Lac
d) Above 10 Lac

10. ANNUAL SAVINGS

a) Below 1 Lac
b) 1-2 Lac
c) 2-4 Lac
d) Above 4 Lac

11. ANNUAL INVESTMENT

a) Below 1 Lac

40
 b) 1-2 Lac
c) 2-4 Lac
d) Above 4 Lac

12. RETURN ON INVESTMENT

a) Less than or equal to the prevailing Market Return

b) More than the prevailing Market Return

13. PROPORTION OF SAVINGS TO INCOME

a) Below 10%
b) 10-20 %
c) 20-30%
d) Above 30 %

14. PROPORTION OF INVESTMENT TO SAVINGS

a) Below 40%
b) 40-50 %
c) 50-60%
d) Above 60 %

15. REASON FOR INVESTMENT

a) Safety
b) Higher Returns
c) Any Other

16. PREFERENCE OF INVESTMENT

a) Higher Returns with High Risk

b) Lower Returns with Lower Risk
c) Medium Returns with Medium Risk

17. SATISFACTION FROM INVESTMENT

41
a) YES
b) NO
c) NOT CLEAR

42