A Summer Internship Report On

Impact Of Financial Literacy Training

on Youth Investment Awareness;
A Study of Mind Club Foundation’s Initiatives

SUBMITTED TO THE
School of Management Studies
In Partial Fulfillment of the Requirements
For The Degree Of
Bachelors Of Business Administration

Graphic Era Hill University, Bhimtal Uttarakhand

(2023-2026)

SUBMITTED TO SUBMITTED TO

Name: - Mrs. Kavita Khati Name: - Pratibha Joshi

Course & Semester: - BBA 5th Sem

Roll No: - 59

Enrolment No: - PV-23500113

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 PREFACE

Financial literacy has become an indispensable life skill in the modern era, where financial
decision-making plays a pivotal role in shaping individual and national prosperity. The
Increasing complexity of financial products and investment avenues makes it essential for
youth individuals to acquire sound financial knowledge and skills.
This dissertation, titled “Impact of Financial Literacy Training on Youth Investment
Awareness: A Study of Mind Club Foundation’s Initiatives” is an effort to explore how
structure financial literacy programs can influence the investment awareness, behavior, and
decision-making capabilities of youth. This study focusses on the training initiatives
conducted by the Mind Club Foundation, which aims to empower young people through
practical financial education.
This work has been both intellectually stimulating and personally rewarding. I hope it
provides valuable insights for educators, policymakers, and organizations committed to
fostering financial literacy among young people.

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 ACKNOWLEDGEMENT

I Take this opportunity to express my heartful gratitude to all those who have contributed to
the successful completion of this Dissertation titled “Impact of Financial Literacy Training
on Youth Investment Awareness: A Study of Mind Club Foundation’s Initiatives”.

I want to express my sincere thanks to my mentor Mrs. Kavita Khati for their continuous
support, valuable guidance, and constructive feedback throughout the research process. Their
expertise and encouragement were instrumental in shaping this dissertation into its present
form.

I extend my deepest appreciation to the Mind Club Foundation for granting me the
opportunity to study their initiatives and for their cooperation during data collection. I’m
particularly grateful to the participants who took part in the survey and shared their honest
views and experiences, which served as the foundation for this study.

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 ABSTRACT

The growing importance of financial literacy among youth has gained global recognition, as
young individuals today face increasingly complex financial environments. This study titled
“Impact of Financial Literacy Training on Youth Investment Awareness: A Study of
Mind Club Foundation’s Initiatives”, investigates the influence of financial literacy
programs on the investment awareness and behavior of young participants.

The research focuses on the training sessions and initiatives organized by the Mind Club
Foundation, which aims to promote financial education and investment awareness among
youth. The objectives of the study include assessing participants’ pre-training financial
knowledge, understanding the role of training in shaping investment attitudes, and evaluating
the overall effectiveness of the Foundation’s programs.

The findings reveal that financial literacy training significantly enhances participants’
understanding of investment options, risk management, and long-term financial planning.
Moreover, the study highlighted the importance of continuous financial education and
awareness programs to develop financially responsible youth.

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 CERTIFICATE OF SUPERVISOR (GUIDE)

It is Certified that the work incorporated in this Project Report, “Impact of Financial Literacy
Training on Youth Investment Awareness; A Study of Mind Club Foundation’s Initiatives”
Submitted by Pratibha Joshi, is her original work and is satisfactorily completed under my
supervision.
Material Obtained from other sources has been duly acknowledged in this Project Report.

Date: -

Signature Of Guide: -

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 DECLARATION BY THE STUDENT

This is to declare that I have carried out this project to work myself for the Dissertation
Report Program of Graphic Era Hill University, Bhimtal.
The work is original, has not been copied from anywhere else, and it has not been submitted
to any other University/Institute for an award of any degree/diploma.

Date: -

Place: -

Name: -

Signature: -

6
7
 STUDENT AND SUPERVISOR INTRACTION CERTIFICATE

This certificate verifies that student has visited the supervisor, and the corrections indicated in
the report are modified and verified by the student through supervisor. The details of visit,
remarks and modifications are mentioned below;

[Link] Project Discussion Area Modification Signature with date

(Supervisor)

Signature

HOD

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 TABLE OF CONTENT

CONTENT PAGE NO.

• Preface………………………………………………………………
• Acknowledgement………………………………………………….
• Abstract/Executive Summary………………………………………
• Declaration by the supervisor………………………………………
• Declaration by the student………………………………………….
• Certificate from the Organization………………………………….
• Student Supervisor Interaction Certificate…………………………..

CHAPTER 1 INTRODUCTION

1.1 Introduction…………………………………………………………….

1.2 About the Research Problem…………………………………………...

1.3 About the Organization…………………………………………………

CHAPTER 2 REVIEW OF LITERATURE

2.1 Theoretical Framework

2.2 Literature Review

CHAPTER 3 RESEARCH METHODOLOGY

3.1 Objective of The Study

3.2 Scope of The Study

3.3 Limitation of The Study

3.4 Research Design

3.1 Research method

3.2 Sampling
3.3 Sampling method
3.4 Sample Size
3.5 Sources of Data
3.6 Primary sources
3.7 Secondary Sources

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CHAPTER 4 DATA ANYLYSIS AND DISCUSSION

4.1 Secondary Data & Interpretation

4.2 Primary Data Analysis & Interpretation

CHAPTER 5 FINDINGS, SUGGESSTIONS AND CONCLUSION

5.1 Findings

5.2 Suggestions

5.3 Conclusion

BIBLIOGRAPHY

ANNEXURE

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CHAPTER 1 INTRODUCTION

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 INTRODUCTION

In today’s world, lifestyle of people has rapidly changed due to the advancement of
technology and intense market competition which has led to a robust economic performance
that has created an increase in the GDP of the country from 6.1% to 6.8% as per the 2024
projection. It creates impact on our Indian economy, where a rises of the price of an Income
and an Expenditure in an Individual’s purchasing power. This had led youth to earn an
additional set of an Income, that helps them to improve their lifestyle and safeguard for the
future. So, there are various investment opportunities and avenues such as Mutual Funds,
Shares, Bonds, Real Estate, etc., but nowadays many other investment options have risen in
this investment market such as Cryptocurrency, Bitcoin. Thus, many of the youth generation
prefer to invest in traditional methods such as Chit funds and property which helps to earn
stable income in the long run with less risk appetite.

In recent days, one survey was conducted by Standfort Graduate School of Business, where
the conclusion was found that millennial and Gen Z investors are anxious about social and
environmental problems such as income inequality and carbon emissions.

Nowadays living expenses have increased, which has led many of the younger generation to
work part-time to pay off the debt. Many of the youth prefer to invest in various investment
options at the beginning of the month and earn a higher return at the end of the month. Thus,
returns can float due to market fluctuations. This helps the youngsters save and earn a higher
return in a shorter period.

Thus, most youngsters invest in various investment options to quote suggest “Don’t put all
eggs in one basket” with small amounts and earning a stable return. The youth or young
adults are people from 18-34 years who are known for striving, enthusiastic behavior that
embarks on being the future leaders of the upcoming world. Many of the youths have started to
be entrepreneurs or earn small incomes before applying for corporate jobs. Thus, the youth
generation has manifested in utilizing the technology platform to earn and learn new
opportunities that are prevailing in the market. The younger generation is very creative and
innovative compared to the older generation.

Thus, they make them advance in many ways, but an absence of financial knowledge and
investment awareness exists. There are various sets of enticing opportunities, but knowledge
limits mutual funds, gold, and property which provide stable returns in the long run. The
investment awareness among youth comes from their awareness which are friends, family,
environment, personal interest and savings behavior, where they take the initiative to look for
more specific information about investments and develop the practice of making financial
plans. Thus, financial literacy among the youth is influenced by the environment and digital
world more than the education provided by the institutions.

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Over the years, the digital world has thrived the pathways for the younger generation to learn,
explore, and venture into investments. The transformation of technology has paved the way for
young investors a hand to gain more insight into new investment avenues and information
about various factors such as return, risk etc. Therefore, the youths are more interested to
invest in assured investment such as bank deposits, and other financial instruments offered by
the government and marketplace that are thriving because of market explosive growth.

Nowadays youths are more active in digital platforms where more of the advertising
campaigns are created. Most of the youths prefer to invest in Mutual fund as it has bought
awareness through advertisement campaigns. Recently many financial services companies
have started to use the digital platform to promote and create awareness about the financial
services such as Angel One app. Angel one app has a partnership with IPL (Indian Premier
League).

IPL is one of the most watched cricket series throughout the world and thus many crickets’
enthusiasm will have a greater knowledge about financial service and investment awareness.
Therefore, the digital platform and service have contributed to the development of financial
service and awareness among the youth generation. Nowadays the term fintech has bloomed
and popular among the youth generation as they believe that Fintech has created a convenient
and cost-effective pathway for online transactions.

There are various emerging financial tools for finance such as green financing that contribute
to the sustainability of the environment. Green financing or sustainable financing are emerging
technologies that created a boom in today's world, yet the youth generation is not aware of
green financing. Unnikrishnan, S., et al (2019). But in a recent study conducted, it has found
that youths are ready to invest and are aware of the term green financing.

The evidence further shows that the large and robust effect sizes identified for financial
programs for the youth are derived from delivery models that incorporate personal finance
material through a mandatory course requirement. Instead, voluntary after-school programs
yield meagre or null effects.

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 ABOUT THE RESEARCH PROBLEM

Despite the rapid expansion of financial markets and the increasing accessibility of investment
products to young people, youth investment awareness remains critically low in many parts of
India. Numerous studies have shown that young individuals often lack essential financial
knowledge, demonstrate limited understanding of investment risks, and are prone to
behavioural biases that hinder sound financial decision-making. As a result, they either refrain
from investing altogether or engage in uninformed, speculative financial activities that expose
them to significant losses.

In response to this gap, several non-profit and educational organizations have started offering
financial literacy programs. Among them, the Mind Club Foundation has emerged as a key
organization providing structured financial education, investor-awareness sessions, and skill-
building initiatives aimed specifically at youth. However, what remains unclear is the actual
effectiveness of these initiatives in improving young people’s investment awareness, attitudes,
and behaviour.

There is limited empirical evidence on:

• Whether these training programs genuinely enhance financial knowledge among youth.

• If increased literacy translates into greater investment awareness and responsible investment
behaviour.

• How such initiatives influence long-term financial attitudes, risk perception, and participation
in formal financial markets.

• Whether the design, duration, and content of Mind Club Foundation’s training are adequate to
create measurable behavioural change.

This lack of systematic evaluation creates a research gap: without understanding the impact of
Mind Club Foundation’s financial literacy initiatives, it is difficult to assess their real value,
improve their effectiveness, or justify their expansion to wider youth populations.

Therefore, the core problem addressed in this study is:

To what extent does financial literacy training provide by the Mind Club Foundation influence
youth investment awareness, knowledge levels, attitudes, and investment-related behaviour?

Understanding this relationship is essential for strengthening financial education programs,

informing policy decisions, and empowering youth with the capability to make informed
financial choices in an increasingly complex economic environment.

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 ABOUT THE ORGANIZATION

Mind Club Foundation is a nonprofit organization established in 2023 in Uttarakhand that

promotes financial literacy and skill development, particularly focusing on shifting from
saving to investing. It is only SEBI-recognized securities market training organization in
Uttarakhand and works as a vendor for National Stock Exchange (NSE) and CDSL to conduct
free Investor Awareness Programs (IAPs) across India for universities, colleges, NGOs and
corporations. The foundation also offers NISM certification training and provides internship
opportunities.

VISION: - Mind Club seeks to “unite like-minded individuals to uplift financial literacy,
foster skill development, and empower citizens for India’s progress.

MISSION: It aims to deliver impactful financial literacy programs in collaboration with

various stakeholders. It also focuses on skill-building, establishing a supportive platform for
investors, and shifting people from a traditional “saving mindset” to a more investment-
oriented mindset.

Dr. Ankur Bhatnagar has a distinguished career in academia, training, and project
management. Starting as an Assistant Professor in college, he completed a 2-year Azim
Premji fellowship and served three years as a resource person at Azim Premji Foundation. He
later held the role of State Head for learning services in Uttarakhand at Team Lease Services
Ltd for six years. Currently he leads Mind Club Foundation, Uttarakhand’s only SEBI
recognized securities Market Trainer organization and a vendor for the National Stock
Exchange’s Investor Awareness program.

Dr. Bhatnagar is a dedicated financial literacy advocate conducting over 2000 workshops
and webinars in partnership with SEBI, NCFE, PERDA, AMFL, ICAI, and NISM. An
accomplished researcher, he has authored over 25 papers and participated in QIP programs at
IIT Roorkee and IIT Kharagpur. His accolades SEBI’s 2024 champion of Investor Education
Award, Best Resources Person in Uttarakhand’ (2017,2019), and the AWOKE India
Foundation’s Leadership Award.

KEY ACTIVITIES: -

1. Investor Awareness Programs (IAPs): - It conducts free sessions through webinar and in-
person events to educate people about financial literacy, investment options, and financial
planning.
• Skill Development- Aims to equip individuals with the knowledge and skills needed to
navigate the financial market confidently.

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• Transition from Saving to Investing- Works to shift the focus from a traditional savings
mindset to a more dynamic, investment-oriented approach.
• NISM Certification Training- Offers training for National Institute of Securities Markets
certifications.
• Internship Programs- Provides hands-on experience and learning opportunities in finance
and project coordination.

2. Collaboration & Partnership: -

• National Stock Exchange (NSE)- Is an empanelled partner with NSE for Investor Awareness
Programs.
• CDSL- Wokes with Central Depository Services (India) Ltd.
• Educational Institutions and Corporation- Conducts programs in universities, colleges,
MSMEs and corporate entities.
3. Leadership & Structure: -
• Dr. Minisha Gupta- Director with 15+ years of experience in Academics and research.
• Mrs Princy Bhatnagar- H.R & Operation Head- with experience in HR, Marketing, Large
Scale projects.
• Mr. Abhishek Singh- Academic Team Executive – with finance certifications (CFA Level 1,
NISM modules) and expertise in coordinating NISM trainings.
4. NISM Certification Trainings: -
• They offer training on various NISM modules (securities market certifications) to students
and institutions.
• They have worked with more than 100 academic institutions (e.g. Banas thali Vidyapeeth,
Delhi University, BHU etc to deliver this training.

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CHAPTER 2 REVIEW OF LITERATURE

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 THEORETICAL FRAMEWORK

• Human Capital Theory (Becker, 1964)

This theory posits that Investment in education and training enhance individuals’ skills and
knowledge, leading to improved economic outcomes.
Applications to the Study:

➢ Financial literacy training offered by Mind Club Foundation is a form of human capital
investment.
➢ Youth who receive such training develop stronger knowledge in budgeting, saving, and
investment.
➢ Increased financial knowledge leads to higher investment awareness and better financial
decision making

• Theory Of Planned Behaviour (Ajzen,1991)

This theory states that an Individual’s behavioural intention is influenced by: - Attitude
towards the behaviour and Subjective norms and perceived behavioural control
Applications to the Study:
➢ Financial literacy training can shape positive attitudes towards investment.
➢ Peer influence and social norms created during training sessions may influence youths’
intention to invest.
➢ By increasing knowledge, training enhances perceived behavioural control, making youth feel
more capable of investing.

• Social Learning Theory (Bandura, 1997)

This theory emphasizes that individuals learn through observation, imitation, and modelling.
Application to the Study:

• Youth participating in Mind Club Foundation programs often learn by observing trainers,
mentors, and peers.

They adopt investment behaviours or attitudes modelled during group discussions, workshops,
and practical demonstrations.

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 LITERATURE REVIEW

Financial Literacy on Investment Awareness One of the main elements of the investment
awareness is financial literacy. In India, only 27% of adult men and 24% women are aware of
the various type of investment avenues and opportunity.

Pandey.P (2023) The education industry has improved and commenced various sets of
courses such as Fintech, Sustainable accounting, CMA, CFA and many other, which has
helped to advance and aware of the various risk and return strategy for investment avenues
and opportunities. But the main drawback is the practical implication and on-hand
experiences are absent. Moreover, the youths have moderate to good on the basic financial
concepts but there is a need for more on had experience and advance knowledge as it helps to
improve the financial literacy and lifestyle of the youths.

Irfan B.S et al (2023) As the world is being dynamic in their technology and services, it will
decipher many opportunities and introduced new products that can help youth to be literate
and at the same help them to avoid online traps and scams. The importance of digital literacy
as a component of financial literacy is growing. Nowadays online courses, webinars, mobile
apps, and financial blogs help youth to be aware of various investment options and financial
literacy.

[Link] al (2023) Therefore, increasingly financial service and courses have rapidly
increased, which has helped them to educate and understand various types of investment
avenues and financial literacy. Recently many of the youths have started to gain financial
literacy through social media influencers who provide financial guidance and advice.

Ians. (2022) Due to widespread knowledge through digital platforms, it has enhanced
awareness of investment and various other opportunities. Personal Interest on Investment
Awareness Investment awareness is backed by many factors; one of them is personal interest.
Personal interest is influenced by friends, family, environment, personality, and many more.

Azhar (2017) In many studies it is found that investment awareness is influenced by society.
Thus, the youth’s investment and awareness on various avenues is influenced by the
environment. It is also seen that many of the youths want to invest in Mutual fund and
Systematic investment plan.

Verma Detal (2023) As the world is evolving, the rapid advancement of technology also gave
a pathway for youths to invest in various avenues such as shares and mutual. Nowadays there
are many apps and websites such as Zerodha etc. who have made it easy for youth to invest.
Thus, youth prefer to invest in shares as there is scope for future return and risk. The role of
social media influencing investment decisions, particularly through content creators and
influencers. These studies collectively underscore the need for targeted financial education
and the potential of social media as a tool for increasing investment awareness among Indian
youth.

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Gupta (2025) This study examines how financial literacy, financial behavior and attitudes
shape investment choices. It highlights the importance of education in improving financial
decision making. The findings suggest that better financial knowledge leads to more rational
investment decisions.

(Mr. Mohan, 2023) The research investigates how financial literacy influences investment
preferences in India. It finds that financially literate individuals are more likely to diversify
their investments. The study also emphasizes the role of financial education in reducing
investment risks.

(Budi Yono, 2024) This paper explores how financial self-efficiency and risk tolerance
impact young adults’ investment decisions. It concludes that individuals with higher financial
confidence are more willing to take risks. The study suggests integrating financial education
into university curricula.

(Rana, 2024) Using structural equation modelling, the study analysis how financial literacy
affects investment behavioral in Nepal. It finds that well informed investors make better
financial choices. The research recommends targeted awareness programs for young
investors.

(Maheshwari, 2024) This study investigates the role of financial literacy alongside investor
attitude and overconfidence. It finds that overconfident investors tend to take excessive risks.
The paper suggest that financial education should also address behavioral biases.

(Mivya, 2024) The study highlighted the link between financial literacy and investment
choices, with risk tolerance as a mediator. It finds that those with higher financial knowledge
are more likely to engage in diversified investment. The research suggests personalized
financial advisory services for young investors.

(Garcia Mata, 2021) This research explores the impact of financial literacy and gender on
retirement savings. It finds that women generally have lower financial literacy, which affects
their investment decisions. The study calls for gender-focused financial education programs.

(Megha, 2025) This study reinforces the idea that financial behavior and attitude are crucial
in shaping investment choices. It suggests that young adults with a positive attitude towards
financial planning make better decision. The findings emphasize the need for interactive
financial education.

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CHAPTER 3 RESEARCH METHODOLOGY

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 OBJECTIVE OF STUDY

• To measure the level of financial knowledge and investment awareness among youth before
and after attending Mind Club Foundation’s training program.
• To examine the influence of financial literacy training on youths’ investment decision, such as
risk perception, and portfolio diversification.
• To Identify challenges faced by youth in applying financial literacy concepts in real-life
investment decisions.

SCOPE OF STUDY

Financial Lite.... This study focuses on evaluating how financial literacy training provided by
the Mind Club Foundation influences youth investment awareness, attitudes, and related
financial behaviors. The scope includes the following dimensions:

1. Geographical Scope
The research will be limited to areas of communities where the Mind Club Foundation
actively conducts its financial literacy programs. This may include selected schools,
universities, youth centers, or community groups within the foundation’s operational
locations.

2. Target Population
The study will primarily involve youth participants, typically aged between 15 and 35 years,
who have taken part in the foundation training sessions. It may also include program
facilitators or coordinators for additional insights.

3. Thematic Scope
This study will explore: -
• The level of financial knowledge gained from the training
• The extent of investment awareness developed among participants
• Changes in attitudes towards saving and investment
• The relationship between financial literacy training and actual investment intentions or
behaviors
• Perceived effectiveness and relevance of Mind Club Foundation’s training approach

4. Time Scope
The study will consider the foundation’s initiatives within a specific period (e.g., the last 1 – 5
years), allowing for adequate assessment of program outcomes

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 RESEARCH DESIGN

• Research Method: -
In this research survey, adopted a Descriptive Research Method to assess the financial
literacy level, investment, awareness and Behaviral changes among participants after
attending the financial literacy training. The survey method used to collect data from
participants regarding their knowledge perception and confidence levels.

Descriptive Research: - This research aims too accurately and systematic describe a
population, situation or phenomenon. It can answer what, Where and how questions, but
not why Questions.

• Sampling: -
This study majorly focused on participants of Mind Club Foundations Financial Literacy
Training Program. The respondent’s primary belonged to the 18-25 years age group,
including both male and female students from under graduate and post graduates’
programs.
The target population were- Participants of Mind Club Foundation’s Financial Literacy
Program. They are mostly young adults, both males and females.

• Sampling Method: -
In this Research survey, Convenience Sampling Method was taken charge, to select
respondents who had attended the financial literacy training program, whether it was
online offline or hybrid. This method was chosen to ensure that it is very easy to access to
participants and gather data from those who had directly experienced the training
program.

Convenience Sampling: - It is a non-probability sampling method Where units are

selected for inclusion in the sample because they are the easiest for the researcher to
access. This can be due to geographical proximity, available at a given time, or
willingness to participate in the research.

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• Sample Size
The study was conducted on a sample of 56 respondents which includes mostly young
adults who are pursuing graduation and both males and females. This sample size was
deemed adequate to gather meaningful insights and analysis participants financial literacy
levels and behavioural changes effectively

• Sources of Data: -
The Data collection is the process of acquiring, collecting, extracting, and storing a
voluminous amount of data, which may be in a structured or unstructured form like text,
video, audio, XML files, records, or other image files used in later stages of data analysis.
There are basically 2 types of sources of data which help a researcher to make predictable
research analysis which are: -
• Primary sources
• Secondary Sources

o Primary Data:
The data which is Raw, original, and extracted directly from the official sources is
known as primary data. This type of data is collected directly by performing
techniques such as questionnaires, interviews, and surveys. The data collected must be
according to the demand and requirements of the target audience on which analysis is
performed otherwise it would be a burden in the data processing.
Techniques: - Questionnaire responses from participants.

o Secondary Data:
Secondary data is the data which has already been collected and reused again for some
valid purpose. This type of data is previously recorded from primary data and it has
two types of sources named internal source and external source.
Techniques: - Literature review, previous studies, books/articles on financial literacy
and investment behaviours

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CHAPTER 4 DATA ANALYSIS AND
DISSCUSSION

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 DATA ANALYSIS & INTERPRETATION

This presents the analysis and interpretation of the primary data collected from 56
participants. The responses obtained for each questionnaire item have been processed using
percentage analysis. To enhance clarity, the results have been illustrated through graphical
tools such as pie charts and bar diagrams. Each figure is followed by a brief interpretation
highlighting the major insights.

1. DEMOGRAPHIC PROFILE OF RESPONDENTS

• Age of Respondent

Below 18 18-21 22-25 Above 25

Interpretation: -
In my survey, most of the respondent fall in the age group of 18 – 21 year of age group, which
indicating the largest share in the sample. The second highest proportion belongs to 22-25
years category. This indicates that the majority of participants are young adults and making
the sample youth centric.
This also showing that the study mainly covers mostly younger participants, from which this
study will be more impactful.

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• Gender of Respondent

Prefer not to
say

Male

Female

Interpretation: -
In my survey, a majority of respondents are females, while the proportion of male’s
participants is comparatively lower. This indicates that the sample is female dominated,
suggesting higher participants or representation of women in the study.
This also shows that the sample is slightly skewed toward one gender that is female category.
This figure also wants to tell that female are more proactive learner for the topic about
financial literacy, which is great enough.

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• Education Qualification

School
Students

Postgraduate

Undergraduate

Interpretation: -
In my survey, most of the participants are undergraduate, followed by postgraduate while a
smaller portion consists of school students. This shows that the sample is largely composed of
individuals pursuing or having completed higher education, with limited representation from
school-level participates.
Most Respondents are undergraduates, followed by Postgraduates and only a few are school
students showing that respondents are more adaptive and it also shows that the sample mainly
includes higher education learners.

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2. ANALYSIS OF QUESTIONNAIRE RESPONDENT

• Attendance in Mind Club Foundation’s Literacy Training?

Yes No

Interpretation: -
In my survey, the analysis shows that most of the respondents have attended the Mind Club
Foundation’s Financial Literacy Training, while only few reported that they did not attend the
program. This clearly indicates that a large majority of the participants were exposed to the
training content and had the opportunity to learn about financial concepts through the
sessions.
The high participation rate reflects strong interest and engagement among respondents toward
financial literacy initiatives. Since most individuals attended the training, the findings and
impact assessment derived from the subsequent questions can be considered reliable, as they
are based on feedback from those who actually experienced the program. The small
percentage of non-participants suggests minimal exclusion and shows that the training
successfully reached a wide section of the target audience.”

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• Mode of Training attended?

Ofline Online Hybrid

Interpretation: -
In my survey, the findings indicate that an overwhelming majority of respondents, attended
the training in the online mode, which clearly highlights the strong preference and
accessibility of digital learning platforms among participants. The convenience, flexibility,
and ease of participation associated with online sessions may have contributed to this high
proportion.
A smaller segment, reported attending the training through a hybrid mode, suggesting that a
few participants experienced a blend of online and offline learning. This reflects the
adaptability of the training program in catering to individuals who prefer a mixed learning
environment.
Only few of the respondents attended the training offline, indicating limited engagement with
the in-person mode. This lower percentage may be due to geographical distance, time
constraints, or the increasing comfort level of participants with virtual modes of learning.
Overall, the data suggests that the training was primarily delivered and accessed online,
demonstrating the effectiveness and reach of digital platforms in promoting financial
literacy.”

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• Level of basic financial knowledge?

Very Low Low Moderate High Very high

Interpretation
The analysis reveals that a majority of the respondents, most of the rated their basic financial
knowledge as moderate before attending the training. This indicates that most participants
possessed only an average understanding of fundamental financial concepts and were neither
completely unaware nor highly knowledgeable in this area.
A smaller proportion of respondents classified their knowledge as low or very low, showing
that a notable segment of the sample had limited financial awareness and required
foundational guidance. This highlights the importance of financial literacy programs in
addressing these knowledge gaps.
Meanwhile, a relatively small number of participants rated their knowledge as high or very
high. This suggests that only a few individuals had strong prior understanding of financial
topics, making them exceptions rather than the norm within the group.
Overall, the distribution of responses shows that the majority needed structured training to
enhance their financial understanding, and the program was well-positioned to cater to
participants across varying levels of existing knowledge.”

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• Awareness of saving and budgeting concepts?

Yes No

Interpretation
The data indicates that a significant majority of the respondents, reported that they were
already aware of the concepts of saving and budgeting before attending the training. This
suggests that most participants had some prior understanding of basic money management
practices, which are commonly discussed in households, schools, or through personal
experience.
On the other hand, around few of the respondents stated that they did not previously know
about these concepts. This highlights that a notable minority lacked fundamental financial
awareness and may have been encountering structured knowledge on saving and budgeting
for the first time through this program.
Overall, the findings show that while most participants had preliminary knowledge in this
area, the training still played a crucial role in strengthening and formalizing their
understanding. For those who were unaware earlier, the program acted as an important
introductory platform for essential financial habits.”

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• Awareness of Investment options? (Before training)

Yes No

Interpretation
The results show that a majority of the respondents, around 75%, were aware of various
investment options such as stocks, SIPs, mutual funds, and PPF even before attending the
training. This indicates that most participants had some level of exposure to modern and
traditional investment avenues, likely through social media, peers, family discussions, or
personal curiosity. Their prior awareness suggests that financial products are becoming
increasingly visible and accessible to the youth.
However, about 25% of the respondents reported that they were not aware of these investment
options earlier. This highlights a considerable portion of the sample that lacked essential
knowledge about available financial instruments, which could limit their ability to make
informed financial decisions.
Overall, the data reflects that although a majority of participants had preliminary awareness,
there was still a significant group that needed basic guidance. The training program, therefore,
played an important role in bridging this knowledge gap and ensuring that all participants
gained a clearer understanding of the different investment opportunities available to them.”

33
• Previous Investment Experience

Yes No

Interpretation
The findings reveal that approximately 66% of the respondents had some form of prior
experience in investment before attending the financial literacy training. This indicates that a
significant portion of the participants was not entirely new to financial activities and had
already taken initial steps toward saving or investing their money. Their previous involvement
suggests existing awareness, interest, or guidance regarding financial planning, possibly
influenced by family, peers, or personal motivation.
On the other hand, around 33% of the respondents reported having no prior investment
experience. This highlights that one-third of the participants were beginners who had not
explored investment options before. The lack of earlier exposure could be due to limited
financial knowledge, lack of confidence, insufficient resources, or absence of proper
guidance.
Overall, the data suggests a mixed group of respondents—while many had already
experimented with investment options, a notable portion was starting from scratch. This
diversity underlines the importance of the training program in addressing the needs of both
experienced individuals and complete beginners, ensuring that everyone gains a clearer
understanding and confidence in managing their finances.”

34
• Ease of understanding of training content?

Strongly Agree Agree Neutral Disagree Strongly Agree

Interpretation
The responses indicate that the majority of participants found the training content
understandable. About 28% strongly agreed and 39% agreed that the concepts were explained
clearly and were easy to grasp. This combined 67% positive response shows that the training
material was well-structured, logically presented, and learner-friendly.
However, around 28% of respondents remained neutral, which suggests that although the
content was not difficult, some participants may have required more examples, more
interactive activities, or additional clarification to fully understand certain financial concepts.
Only 3.6% strongly disagreed, indicating a very small portion of participants who felt the
content could have been simpler or better explained.
Overall, the responses show a strong positive inclination toward the clarity and
comprehensibility of the training but also highlight the need for minor improvements to
ensure that all participants—especially those who are new to financial concepts—feel equally
confident in understanding the material.”

35
• Clarity of concept explained

Strongly Agree Agree Neutral Disagree Strongly Agree

Interpretation
The responses show a highly positive perception regarding the trainers’ clarity in explaining
financial concepts. A combined 72% of respondents (42% agree and 30% strongly agree) felt
that the trainers communicated the topics effectively. This indicates that the facilitators were
successful in breaking down complex financial terms into simple, understandable language,
making the learning process smooth and engaging.
Around 21% of participants selected neutral, suggesting that while they did not face major
difficulty, they may have expected even more examples, demonstrations, or interactive
explanations to fully grasp certain topics.
Only a very small portion of respondents expressed dissatisfaction, with 3.6% strongly
disagreeing and one respondent disagreeing. This indicates that a minimal segment might
have struggled due to personal learning pace, limited prior knowledge, or preference for a
different teaching style.
Overall, the results reflect that the trainers performed effectively, with strong evidence that
their teaching methods contributed positively to the participants’ understanding of financial
concepts.”

36
• Effectiveness of topics covered

Financial frawd

Digital Payments

Tax Awareness

Insurance

Stock Market

SIP

Mutual Funds

Banking Basic

Savings

Buggeting

0 10 20 30 40 50 60 70 80

Interpretation

The analysis of responses regarding the topics covered in the training indicates that
participants found several key areas to be highly effective. Among all the topics, Savings
emerged as the most effectively covered topic, with 71.4% of respondents acknowledging its
clarity and usefulness. This suggests that participants were able to clearly understand how to
save, why to save, and the benefits of early financial discipline. Closely following this,
Budgeting received 69.6% positive responses, showing that the training successfully helped
participants understand how to plan, track, and manage their monthly expenses.

The topic SIP (Systematic Investment Plan) was also well-received, with 64.3% of
respondents agreeing that it was explained effectively. This indicates that many participants
gained clarity about systematic investing, risk management, and long-term wealth creation.
Similarly, other investment-related topics such as Mutual Funds, Stocks, PPF, Insurance, and
Emergency Funds also received strong positive responses, although the percentages varied.
These variations reflect participants’ existing knowledge levels and comfort with different
financial instruments.

Overall, the results show that the training effectively covered a wide range of financial topics,
especially focusing on foundational areas like saving, budgeting, and SIPs. It also indicates
that the participants not only understood the core concepts but also gained practical insights
into multiple investment options.”

37
• Adequacy of training duration

Too Short Adequate Too Long

Interpretation

The responses regarding the duration of the training show that a large majority of participants
felt the timing of the sessions was appropriate. About 90% of the respondents stated that the
training duration was adequate, indicating that the sessions were neither too long nor too short
for effective understanding. This suggests that the trainers managed the content well within
the allotted time and ensured that participants could comfortably follow the flow of the
session.

A smaller portion, about 7.1%, felt that the training was too short. This implies that these
participants may have wanted more time for detailed discussion, additional examples, or
deeper exploration of certain financial topics. Their response indicates a desire for more in-
depth knowledge or extended interaction with the trainers.

Only 1.8% of respondents felt that the training was too long, suggesting that for a very small
portion of the audience, the pace or amount of content may have felt slightly overwhelming or
more time-consuming than expected.

Overall, the findings indicate a strong positive response toward the session timing, with the
majority feeling satisfied and only a few participants suggesting minor adjustments based on
individual learning preferences.”

38
• Activities contribution most to learning

Videos Live Teaching Practical Examples

Worksheet Group Activities Disscussions

Interpretation

The responses indicate that participants learned the most from live teaching sessions, with
37% of respondents selecting this as the most effective method. This suggests that real-time
interaction with trainers, the ability to ask questions, and immediate clarification played an
important role in enhancing understanding. Live sessions likely made the complex financial
topics easier to grasp and created a more engaging learning environment.

Around 23% of participants mentioned that practical examples helped them learn the most.
This shows that real-life scenarios, demonstrations, and relatable financial situations
improved concept clarity. Practical examples helped participants connect theoretical
knowledge with real-life financial decision-making.

Additionally, 17.9% of respondents found videos to be the most useful. This indicates that
visual content, animated explanations, and recorded demonstrations supported their learning
process, especially for those who benefit from visual learning styles.

Overall, the results show that while different participants preferred different learning methods,
live teaching sessions emerged as the most impactful, followed by practical examples and
videos. This highlights the importance of interactive teaching combined with real-life
illustrations to support effective financial literacy training.

39
• Financial knowledge, (after training)?

Very Low Low Modrate High Very High

Interpretation

The results show a significant improvement in participants’ financial understanding after

completing the training. The largest group, 48% of respondents, rated their financial
knowledge as moderate. This indicates that nearly half of the participants felt they had
achieved a reasonable and functional understanding of key financial concepts. They may not
yet consider themselves experts, but they now possess enough clarity to make informed
decisions in their day-to-day financial activities.

Additionally, 31.5% of respondents rated their knowledge as high, reflecting that the training
had a strong positive impact on their confidence and understanding. These participants likely
absorbed the concepts well and felt capable of applying them independently. A smaller but
notable group, around 14%, rated their knowledge as very high. This suggests that the training
was particularly effective for these individuals, possibly because they were more engaged,
had prior exposure, or found the teaching methods extremely suitable to their learning style.

Overall, the data shows that the training successfully enhanced financial literacy for the
majority of participants. With the majority reporting ‘moderate to high’ knowledge levels, it is
clear that the program contributed significantly to building financial competence and
confidence among learners.”

40
• Confidence in budgeting and personal finance

Yes No To Some extent

Interpretation

The responses show that the financial literacy training had a strong positive impact on
participants’ confidence in managing their personal finances. A large majority—70% of
respondents—reported that they now feel confident in budgeting and handling their financial
responsibilities. This indicates that the training successfully equipped them with practical
tools, techniques, and knowledge necessary for planning expenses, tracking spending, and
making responsible financial decisions.

Around 24% of participants stated that they feel confident to some extent. This suggests
partial improvement: while these respondents have gained some clarity and skills, they may
still require more practice, deeper understanding, or additional guidance to apply budgeting
strategies consistently and effectively.

A very small portion, 5.6%, responded that they do not feel confident. These participants may
need more personalized support, simpler explanations, or extended training sessions to boost
their financial management abilities.

Overall, the results clearly indicate that the training significantly enhanced financial
confidence for the majority of participants, demonstrating the program’s effectiveness in
improving day-to-day money management skills.”

41
• Post training awareness of investment initiation

Yes No

Interpretation

The analysis indicates that the financial literacy training significantly improved participants’
understanding of how to begin investing. A majority of 85% of respondents reported that they
are now aware of how to start investing, reflecting the effectiveness of the program in
delivering clear guidance on investment procedures, options, and initial steps.

Approximately 14% of participants stated that they are still not aware of how to start
investing. This suggests that a small portion of the respondents may require additional
support, clarification, or practical demonstrations to feel fully confident in initiating
investments.

Overall, the data demonstrates that the training successfully enhanced the financial knowledge
of most participants, enabling them to take informed steps toward personal wealth creation.
The high level of post-training awareness indicates that the program effectively bridged the
knowledge gap for the majority of learners.”

42
• Comfortable investment options

Not Confident

Crypto

Gold Investment

FD/RD

Stock Market

SIP

Mutual Funds

0 5 10 15 20 25 30

Interpretation

The responses indicate the investment preferences and comfort levels of participants after
attending the financial literacy training. The largest group, 27% of respondents, felt most
comfortable with Mutual Funds, suggesting that participants found this investment option
accessible, relatively safe, and well-explained during the training. Close behind, 24% selected
SIP (Systematic Investment Plan), reflecting that many participants appreciated the benefits of
disciplined, periodic investing and understood how it can build wealth gradually over time.

About 13% each felt comfortable with Stock Market and Gold investments, showing that a
moderate portion of participants are willing to explore riskier or more traditional investment
avenues with confidence. The remaining 9.3% preferred Recurring Deposits (RD) and Fixed
Deposits (FD), indicating that a small segment of respondents favors low-risk, stable
investment options.

Overall, the data demonstrates that the training effectively increased participants’ confidence
across a variety of investment types, with a clear preference for Mutual Funds and SIPs. This
highlights the impact of the program in making participants more aware and comfortable with
both modern and traditional financial instruments.”

43
• Initiation of saving or investing after training

Yes No Planing To start

Interpretation

The responses indicate that the financial literacy training influenced participants’ financial
behavior to varying degrees. About 42% of respondents reported that they have already
started saving or investing after attending the training, showing that the program successfully
motivated a substantial portion of participants to take immediate action toward financial
planning and wealth creation.

Around 20% of participants indicated that they have not started saving or investing yet. This
suggests that a small segment may still face barriers such as lack of funds, uncertainty about
investment options, or the need for more confidence before taking the first step.

Interestingly, a notable 37% of respondents mentioned that they are planning to start soon,
indicating a positive intention to act on the knowledge gained. This shows that the training
has created awareness and motivation, even among those who have not yet implemented their
learning.

Overall, the data reflects that the financial literacy program was effective in encouraging
participants to begin saving and investing, with a combined 79% of respondents either already
acting or planning to act, demonstrating strong behavioral impact.

44
• Factors motivating investment

investing more than 3yrs

Understanding long term benefits

Peer Influencing

Real life exapmes

Trainer Guidance

0 10 20 30 40 50

Interpretation

The responses reveal the key factors that encouraged participants to consider investing after
attending the financial literacy training. The largest proportion, 42% of respondents, reported
that real-life examples shared during the training motivated them the most. This indicates that
practical demonstrations and relatable scenarios helped participants connect theoretical
concepts with real-world financial decision-making. Around 29% of participants mentioned
that their motivation came from understanding the long-term benefits of investing, showing
that knowledge of wealth creation, financial growth, and future security had a strong influence
on their willingness to start investing.

Additionally, 24% of respondents cited guidance from trainers as the primary motivator,
highlighting the importance of clear, personalized instruction and encouragement in building
participants’ confidence to take financial actions.

Overall, the data suggests that a combination of practical examples, awareness of long-term
benefits, and effective trainer guidance played a crucial role in motivating participants toward
investment. The findings emphasize the effectiveness of interactive and illustrative teaching
methods in influencing positive financial behaviour.”

45
• Improvement in investment awareness

Strongly Agree Agree Neutral Disagree Strongly Agree

Interpretation

The responses indicate that the financial literacy training was effective in enhancing
participants’ awareness about investments. A majority of 52% of respondents agreed that their
investment awareness improved, while 28% strongly agreed, reflecting a combined 80%
positive response. This demonstrates that most participants felt the training successfully
increased their understanding of investment concepts, options, and strategies.

About 13% of respondents remained neutral, suggesting that while the training had some
impact, these participants may require additional guidance, reinforcement, or more practical
exposure to fully appreciate the concepts.

Overall, the data highlights that the training significantly contributed to improving investment
awareness for the majority of participants, establishing a solid foundation for informed
financial decision-making.”

46
• Understanding the importance of financial planning

Strongly Agree Agree Neutral Disagree Strongly Agree

Interpretation

The responses indicate that the training effectively enhanced participants’ understanding of
financial planning. About 50% of respondents agreed that the program helped them recognize
the importance of planning their finances, while 28% strongly agreed, resulting in a combined
78% positive response. This shows that the majority of participants gained clarity on the need
for budgeting, goal-setting, and systematic financial management.

Approximately 13% of respondents remained neutral, suggesting that while the training
provided valuable insights, some participants may require additional examples, reinforcement,
or practical exercises to fully grasp the importance of financial planning.

Overall, the data demonstrates that the training played a significant role in creating awareness
about the value of organized financial decision-making, equipping participants with the
knowledge to plan their financial future effectively.”

47
• Motivation to make responsible financial decisions

Strongly Agree Agree Neutral Disagree Strongly Agree

Interpretation

The responses indicate that the training had a strong impact on participants’ motivation to
make responsible financial decisions. About 50% of respondents agreed that the program
encouraged them to take responsible actions, while 30% strongly agreed, resulting in a
combined 80% positive response. This suggests that the majority of participants felt
empowered by the training to apply the knowledge gained in making informed and thoughtful
financial choices.

Approximately 15% of respondents remained neutral, indicating that while the training
provided useful insights, a small portion of participants may require further reinforcement,
practical examples, or follow-up guidance to fully internalize the importance of responsible
financial decision-making.

Overall, the data reflects that the training successfully instilled a sense of financial
responsibility among most participants, highlighting its effectiveness in promoting prudent
financial behavior.”

48
• Willingness to recommend the training to others

Yes No May Be

Interpretation

The responses indicate a highly positive perception of the financial literacy training. A vast
majority of 82% of respondents expressed their willingness to recommend the program to
others, demonstrating strong satisfaction with the content, delivery, and practical applicability
of the training. This reflects that participant found the sessions valuable and believe that
others could also benefit from the knowledge and skills imparted.

A very small proportion, around 3.8%, indicated that they would not recommend the training.
This minimal negative response may be due to individual learning preferences, prior
knowledge, or personal expectations that were not fully met.

Overall, the data suggests that the training was widely appreciated and is likely to have a
positive ripple effect, as satisfied participants are inclined to encourage peers, friends, and
family to participate in similar financial literacy initiatives.

49
CHAPTER 5 FINDINGS, SUGGESSIONS AND
CONCLUSION

50
 FINDINGS

The analysis of the data collected from the respondents after the financial literacy training
conducted by Mind Club Foundation provides the several key insights, these insights I got
from the questionnaire that I circulated to my colleges and friends who attends the training
program, whether it was Online, Offline or Hybrid. So here are some insights that I got from
my research survey:

• Demographic Profile of Respondents:

The majority of participants were young adults, with most respondents in the 18–21 years
age group, followed by those aged 22–25 years. This indicates that the program primarily
engaged youth, which is crucial as financial literacy at an early age can shape better long-
term financial habits.
Gender distribution showed a higher proportion of female participants, suggesting strong
engagement among women in financial literacy programs. Regarding education,
undergraduates formed the largest group, followed by postgraduates and a smaller
proportion of school students. This indicates that the program successfully attracted
participants from higher education backgrounds who are likely to apply financial
concepts in their personal and professional lives.

• Pre-Training Financial Knowledge and Awareness:

Before the training, most participants rated their financial knowledge as moderate, while
a smaller segment reported low or very low knowledge levels. About 82% of respondents
were aware of saving and budgeting concepts, and 75% knew about different investment
options such as stocks, SIPs, mutual funds, and PPF.
Additionally, 66% had prior investment experience, indicating a moderately informed
audience, while a third were beginners who needed structured guidance.

• Training Experience and Effectiveness:

The training content and delivery were rated positively by participants. About 67% found
the content easy to understand, and a majority agreed that the trainers explained concepts
clearly.
Regarding the training activities, live teaching sessions (37%) and practical examples
(23%) were identified as the most helpful methods, followed by videos (17.9%). This
highlights the importance of interactive and example-based learning in understanding
financial concepts. The training duration was considered adequate by 90% of participants,
ensuring that the content was delivered effectively without overwhelming the learners.

51
• Post-Training Outcomes:
Improved Financial Knowledge: After the training, 48% of participants rated their
financial knowledge as moderate, 31.5% as high, and 14% as very high, indicating
significant knowledge enhancement. Confidence in Financial Management: A large
majority (70%) reported increased confidence in budgeting and managing personal
finances, while 24% felt confident to some extent.
Awareness of Investment: 85% of respondents were now aware of how to start investing,
with comfort levels highest for Mutual Funds (27%) and SIPs (24%), followed by stocks,
gold, and RD/FD. Behavioural Impact: About 42% had already started saving or
investing, and 37% planned to start soon, demonstrating a tangible impact on
participants’ financial behaviours.

Motivation Factors: Participants were most motivated by real-life examples (42%),

followed by understanding long-term benefits (29%), and guidance from trainers (24%).
Overall Satisfaction: Around 80% agreed or strongly agreed that the training improved
their investment awareness and motivated responsible financial decisions. Additionally,
82% of respondents expressed willingness to recommend the program to others,
indicating strong satisfaction and perceived value.
This demonstrate that Beha viral motivation is not solely dependent on knowledge but
also on relatability and understanding practical benefits

52
 SUGGESTIONS

Based on the above findings and the research survey, got some of the following suggestions
that can help improve future financial literacy training programs:

• Increase Practical Exposure:

While live sessions and practical examples were highly effective, participants who
remained neutral or less confident may benefit from additional hands-on activities such as
mock investment exercises, budgeting simulations, or interactive workshops.

• Segmented Approach for Beginners and Advanced Learners:

Since the audience had mixed prior knowledge, training modules can be customized for
beginners and those with prior investment experience. This can ensure that all
participants are challenged appropriately without losing interest.

• Enhanced Use of Digital Content:

Videos and recorded tutorials were helpful for 17.9% of participants. Expanding the
availability of online modules, recorded sessions, and interactive quizzes can help
participants revisit and reinforce learning at their own pace.

• Follow-Up Sessions and Guidance:

Some participants expressed plans to start investing soon or lacked complete confidence
in financial management. Conducting follow-up sessions, Q&A webinars, or mentorship
programs can help sustain motivation and support practical application.

• Focus on Real-Life Application:

Real-life examples were the strongest motivator for participants. Future training can
include case studies, success stories, and scenario-based exercises to make learning more
relatable and actionable.

53
 CONCLUSIONS

• The financial literacy training conducted by Mind Club Foundation has had a positive and
measurable impact on participants’ knowledge, confidence, and behavior regarding
financial management and investment. The program successfully catered to a youth-
dominated, largely female, and educated audience, delivering content that was
understandable, interactive, and practically relevant.
• The training effectively increased participants’ awareness about saving, budgeting,
investment options, and responsible financial decision-making, with a significant portion
of participants already applying the concepts learned. The strong satisfaction rates,
motivation to start investing, and willingness to recommend the program indicate the
program’s overall success and relevance.
• To further strengthen the impact, future programs can incorporate more practical
exercises, personalized learning modules, follow-up guidance, and expanded digital
resources. Such measures would help address the needs of participants with varying prior
knowledge levels and ensure long-term application of financial literacy principles.
• Overall, the program demonstrates that well-designed financial literacy initiatives can
empower youth and adults alike to make informed financial decisions, develop
responsible financial habits, and contribute to their long-term financial well-being. The
findings underscore the importance of continuous and interactive financial education as a
tool for enhancing financial competence and promoting proactive financial behaviour
among participants.
• The financial literacy training conducted by the Mind Club Foundation has clearly
demonstrated a significant positive impact on participants’ financial knowledge,
confidence, and behaviours. The program successfully catered to a youth-dominated and
educated audience, with a majority of participants being undergraduates in the 18–25 age
group and a notable representation of female learners. This demographic profile suggests
that the training reached a segment that can benefit greatly from early financial awareness
and carry these skills into their personal and professional lives.
• Prior to the training, while many participants had some awareness of saving, budgeting,
and basic investment options, a considerable portion reported moderate to low financial
knowledge and limited practical experience in investments. The training effectively
bridged this gap by providing structured learning, clear explanations, interactive sessions,
and practical examples, which resulted in substantial improvement in both knowledge
and confidence. Post-training, a majority of participants reported being aware of how to
start investing, comfortable with investment options like mutual funds and SIPs, and
motivated to make responsible financial decisions.

54
 BIBLOGRAPHY

• The Impact of Financial Literacy on Investment Decisions among Young Adults, B B

Hrulekha
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• Sabri, Mohamad Fazli. Pathways to financial success: Determinants of financial
literacy and financial well-being among young adults. Iowa State University, 2011.
• Sherraden, Margaret S. "Financial capability: What is it, and how can it be created?
(2010)
• Williams, Toni. "Empowerment of whom and for what? Financial literacy education and
the new regulation of consumer financial services." Law & Policy 29.2 (2007): 226-256.
• Williams, Toni. "Empowerment of whom and for what? Financial literacy education and
the new regulation of consumer financial services." Law & Policy 29, no. 2 (2007): 226-
256.
• Williams, Toni. "Empowerment of whom and for what? Financial literacy education and
the new regulation of consumer financial services." Law & Policy 29.2 (2007): 226-256.
• Carpena, Fenella, et al. "The ABCs of financial education: Experimental evidence on
attitudes, behaviour, and cognitive biases." Management Science 65.1 (2019): 346-369.
• Fessler, Pirmin, Maria Silgoner, and Rosa Weber. "Financial knowledge, attitude and
behaviour: evidence from the Austrian Survey of Financial Literacy." Empirica 47.4
(2020): 929-947.
• Fessler, P., Silgoner, M. and Weber, R., 2020. Financial knowledge, attitude and
behavior: evidence from the Austrian Survey of Financial Literacy. Empirica, 47(4),
pp.929-947.

55
 ANNEXURE
Name-

Age-

Gender-

Educational Background-

Have you attended Mind Club Foundation’s Financial Literacy Training?

Mode of training attended-

PRE-TRAINING INVESTMENT AWARENESS (BEFORE TRAINING)

Before attending the training, how would you rate your basic financial knowledge?

Did you previously know about the concept of saving and budgeting?

Before the training, were you aware of different investment options (stocks, SIPs, mutual
funds, PPF, etc.)?

Did you have any prior experience in investment?

TRAINING RELATED QUESTIONS

The training content was easy to understand?

The trainers explained concepts clearly?

The training covered the following topics effectively (select all that apply):

Duration of the training was?

Which training activities helped you learn the most?

POST TRAINING HOST- TRAINING INVESTMENT AWARENESS

After the training, how would you rate your financial knowledge?
Are you now more confident in budgeting and managing your personal finances?
After the training, are you aware of how to start investing?
Which investment options do you feel comfortable with now?
Have you started saving or investing after the training?
What motivated you the most to consider investing after the training?

56
PERCEIVED IMPACT OF MIND CLUB FOUNDATION TRAINING
Overall, the training improved your investment awareness.
The training helped you understand the importance of financial planning
The training motivated you to take responsible financial decisions
Would you recommend this financial literacy training to others?
Any suggestions to improve the training?

GOOGLE FORM LINK: -

[Link]
jklmmCFx8vSVhwriZE/edit

RESPONDANT LINK: -
[Link]
Aar4_Fq6dLxmY99Ilg/viewform?usp=dialog

57