A

Summer Internship Project Report

ON
“Investor’s Perception About Systematic Investment Plan (SIP) In
Mutual Fund”

Submitted to:
Department of Business Management
Sankalchand Patel College of Engineering, Visnagar

In partial fulfillment of the requirement of the award for the degree of

MASTER OF BUSINESS ADMINSTRATION
IN
SANKALCHAND PATEL UNIVERSITY

Under the guidance of:

Jitendra Angnani (Unit manager)
From N.J India invest Private ltd.

Submitted by:

Vagdodiya Nayan Kiranbhai 2022095900014397

Raval Mit Dineshbhai 2022095900014513
Patel Nirav Chetanbhai 2022095900014494

Batch 2022-24 MBA Semester-II

 STUDENT DECLARATION

We the undersigned, hereby declare that this major research project titled “Investor’s Perception
About Systematic Investment Plan (SIP) In Mutual Fund” is a result of our own work and our
indebtedness to other work publication, references, if any, have been duly acknowledged. If we
are found guilty of coping any other report or published information and showing as our original
work, we understand that we shall be liable and punishable by SPU, which may include ‘fail’ in
examination, ‘repeat study & re-submission of the report’ or any other punishment that SPU may
decide.

PRN No. Name Signature

2022095900014397 Vagdodiya Nayan Kiranbhai
2022095900014513 Raval Mit Dineshbhai
2022095900014494 Patel Nirav Chetanbhai

Place: Visnagar
Date:

II
 COMPANY ISSUED SIP CERTIFICATE

Date:
Place:

This is to certify that (Vagdodiya Nayan Kiran Bhai) a student of MBA program at Department
of Business Management Sankalchand Patel College of Engineering, Visnagar has completed his
Summer Internship Project titled (Investor’s Perception About Systematic Investment Plan
(SIP) In Mutual Fund) at (N.J India Invest Private LTD) for (45). He was working under the
Guidance/ Mentorship of (Jitendra Angnani) in the areas of (Finance). His performance and
discipline were found satisfactory and we wish him/her good luck for a bright future ahead.

Name and Signature of concerned Authority

Company’s name
Seal

III
 COMPANY ISSUED SIP CERTIFICATE

Date:
Place:

This is to certify that (Raval Mit Dinesh Bhai) a student of MBA program at Department of
Business Management Sankalchand Patel College of Engineering, Visnagar has completed his
Summer Internship Project titled (Investor’s Perception About Systematic Investment Plan
(SIP) In Mutual Fund) at (N.J India Invest Private LTD) for (45). He was working under the
Guidance/ Mentorship of (Jitendra Angnani) in the areas of (Finance). His performance and
discipline were found satisfactory and we wish him/her good luck for a bright future ahead.

Name and Signature of concerned Authority

Company’s name
Seal

IV
 COMPANY ISSUED SIP CERTIFICATE

Date:
Place:

This is to certify that (Patel Nirav Chetan Bhai) a student of MBA program at Department of
Business Management Sankalchand Patel College of Engineering, Visnagar has completed his
Summer Internship Project titled (Investor’s Perception About Systematic Investment Plan
(SIP) In Mutual Fund) at (N.J India Invest Private LTD) for (45). He was working under the
Guidance/ Mentorship of (Jitendra Angnani) in the areas of (Finance). His performance and
discipline were found satisfactory and we wish him/her good luck for a bright future ahead.

Name and Signature of concerned Authority

Company’s name
Seal

V
 ACKNOWLWDGEMENT

We are indebted to HOD, MBA Department, and SPCE for providing an opportunity of preparing
this project report and allowing us to use the resources of the institution during this project.

We are also thankful to the other faculty members of MBA Department, SPCE for extending their
valuable support for this project.

Finally, we would also like to thank our family members, who are always a source for inspiration
for us, for showing their understanding, patience and for all their possible help for the preparation
of this project.

VI
 SUMMARY / ABSTRACT
A Mutual Fund is a type of proficiently manage collective investment vehicle that pools money
from a lot of investors to buy securities. As the Mutual Fund sector has developed, there's been a
growing acceptance by most policy holders that the assured return era is a thing of the past. This
study would help in explaining the investor’s perception About Systematic Investment Plan (SIP)
in Mutual Fund.
In Few Years Mutual Fund has emerged as a tool for ensuring one’s financial well-being. Mutual
funds have not only contributed to the India growth story but have also helped families tap into
the success of Indian Industry. As information and awareness is rising more and more people are
enjoying the benefits of investing in mutual funds. The main reason the number of retail mutual
fund investors remains small is that nine in the people are aware of mutual fund investment
opportunities, the number who decided to invest in mutual funds will increase to as many as one
in five people. The trick for converting a person with no knowledge of mutual funds to a new
mutual fund customer is to understand which of the potential investors are more likely to buy
mutual funds and to use the right arguments in the sales process that customer will accept as
important and relevant to their decision.
This study comprises a sample of 150 different kinds of investors they diversification of
investment plans, estimation of the investors has been collected through structured questionnaire
and study confined to the North Gujarat Areas (Patan, Siddhpur, Chanasma). Most of the investors
have very good knowledge about Systematic Investment Plan and other investment plan. Based on
the findings and analysis it can be concluded that the investors are satisfied with the returns and
performance of Systematic Investment Plan. Results of the study found that for higher return with
low risk the investors are motivated to invest in systematic investment plan.

VII
 Table of Content
Chp. No. Particular Page No.
1 Introduction 1-2
2 Introduction to the Company 3-7
2.1 Introduction of NJ GROUP 3
2.2 NJ Wealth - Financial Products Distributors Network 4
2.3 NJ Asset Management 5
2.4 Insurance Broking 5
2.5 Global Wealth Advisory 6
2.6 Real Estate 6
2.7 Information Technology 7
3 Review of Literature 8-9
4 Research Methodology 10-12
4.1 Research Design 10
4.2 Research Objectives 10
4.3 Research Hypothesis 10
4.4 Sampling Technique 11
4.5 Variable of the Study 11
4.6 Sources of Data 11
4.7 Population 11
4.8 Sample Size 11
4.9 Research Instrument 11
4.10 Data Analysis 11
4.11 Time Duration of Study 12
4.12 Limitation of Study 12
5 Data analysis and Interpretation 13-40
5.1 Frequency Distribution 13-24
5.2 Cross Tabulation with Chi-Square Test 25-40
5.3 Summary of Hypothesis Testing 41
6 Findings/ Suggestions/ Conclusion 42-45
6.1 Findings 42-43
6.2 Suggestions 44
6.3 Conclusion 45
References
Annexure

VIII
 Chapter-1
Introduction
In recent years, mutual funds have emerged as a popular investment avenue for individuals seeking
to grow their wealth and achieve long-term financial goals. Within the mutual fund universe, the
systematic investment plan (SIP) has gained significant traction among investors due to its
potential benefits and flexibility. SIPs have revolutionized the way people invest in mutual funds,
offering a disciplined and systematic approach to wealth creation.
Systematic Investment Plan (SIP) is a smart financial planning tool that helps you to create a wealth
by investing small sum of money every month over a period of time. SIP is a planned approach to
investments and an investment technique that allows you to provide for the future by investing
small amount of money in mutual fund scheme of our choice. Systematic investment plans are a
plan of mutual fund, in which the investments are done by paying a fixed amount at every
predetermined date. Systematic Investing in a Mutual Fund is the answer to preventing the
drawbacks of equity investment and still enjoying the high returns. Mutual Fund SIP is a monthly
based investment plan through which an investor could invest a fixed sum into mutual funds every
month at pre-decided dates. This hedges the investor from market instability and derives maximum
benefit as the investment is done at regular basis irrespective of market conditions. SIP is a feature
especially designed for investors who wish to invest small amounts on a regular basis to build
wealth over a long term.

Awareness and Understanding:

An important aspect of investor perception is the level of awareness and understanding of SIPs.
Assessing the knowledge gap among investors is crucial to identify areas where education and
awareness campaigns can be enhanced. By examining the current level of awareness and
understanding, we can gain insights into the effectiveness of investor education initiatives and the
potential for increased adoption of SIPs.
Systematic Investment Plans (SIPs) have revolutionized mutual fund investing by offering a
disciplined and systematic approach to wealth creation. Understanding investor perception of SIPs
is vital in assessing the factors that drive their decision-making process, the perceived advantages
and disadvantages, and the level of awareness and understanding among investors. By examining
these aspects, we can identify opportunities to educate and empower investors, further enhancing
the growth and acceptance of SIPs as an effective investment strategy in the
mutual fund landscape.

1
In this study, we aim to explore and understand the investor's perception about SIP in Mutual
Funds. We will delve into the factors that drive investors to opt for SIPs, their understanding and
awareness about this investment plan, and their level of satisfaction with the returns from their SIP
investments.
We believe that understanding investor perceptions can provide valuable insights into their
decision-making process, which in turn can help in the design of investor education campaigns,
product strategies, and financial advisories. This research will contribute to the existing body of
knowledge on Mutual Funds and SIPs, and has the potential to influence policy-making and
industry practices.
We look forward to presenting our findings and hope that our research will serve as a valuable
resource for all stakeholders in the Mutual Funds industry.

2
 Chapter-2
Introduction to the Company
2.1 Introduction of NJ GROUP:
NJ Group is a leading player in the Indian financial
services industry known for its strong distribution
capabilities. Mr. Neeraj Choksi (N) & Mr. Jignesh
Desai (J) are two first generation entrepreneurs who
began the journey of 'NJ' in 1994.
The journey of NJ began in 1994 with the
establishment of NJ India Invest Private Limited, the
flagship company, to cater to investor needs in the
financial services industry. Today, the NJ Wealth
Distributor Network, earlier known as the NJ Funds
Network, started in 2003 is among the largest networks
of financial products distributor in India.
Over the years, NJ Group has diversified into other
businesses and today has the presence in businesses
ranging from financial products distributor network,
asset management, real estate, insurance broking,
training & development, technology & distribution of Organic food products, an Interior Designer,
innovative loan products, offshore funds across the globe and charitable trust. Our rich experience
in financial services, combined with executional capabilities and strong process & system
orientation, has enabled us to shape a rising growth trajectory in our businesses.
NJ Group is based out of Surat in Gujarat (India) and has presence in 165+ locations in India and
has over 1,810+ employees. The promoters of the NJ Group were friends since their college years
and the bond between Mr. Neeraj & Mr. Jignesh has been instrumental in the success of NJ.
Discussing upon important things before taking any decision, is a habit that they have followed
ever since they shared their hostel room in Vidyanagar, where Mr. Neeraj was studying his
management courses and Mr. Jignesh was into engineering. They both have a complementary style
of functioning that augurs perfectly well for the business. Driven by their passion for financial
well-being of customers & the mission for transforming lives, the promoters have successfully put
NJ on the forefront of innovation & 3 growth. With a humble beginning from home, the promoters
have successfully shaped the group's forays into many diversified businesses. Both believe that
'Trust' has played a very important role in NJ's journey, and in every step that they have taken. The
words of the promoters aptly describe this journey of NJ -'Built on Trust'.

3
2.2 NJ Wealth - Financial Products Distributors Network:
NJ Wealth - Financial Products Distributors Network is one of India's leading and most successful
Network of distributors in the financial services industry.
Started in 2003, the NJ Wealth seeks to reach out to the
common man and extend the opportunity to create wealth
through an empowered network of financial product
distributors – the NJ Wealth Partners. To its Partners, NJ
Wealth provides a full service, comprehensive business platform with end-to-end solutions critical
for success in financial products distribution practice. With its compelling set of offerings covering
every area of distribution practice, NJ Wealth has managed to successfully transform the lives of
many small and big distributors.
To the common man, NJ Wealth offers a comprehensive wealth management platform with a wide
choice of financial and non-financial products. Backed by high levels of excellence in operational
and service standards, NJ Wealth offers customers and its Partners with solutions that truly makes
a difference.
Driven by the strong vision of 'Creating Wealth and Transforming Lives', NJ Wealth's constant
endeavor is to build on the ideas that are meaningful & effective in scaling business challenges,
seizing available opportunities and serving the interests of the customer.
The NJ Wealth family has grown steadily and today it has over 32,537 Active Distributors, spread
across 165 + Locations in 19 states in India with over 26,62,105 investors and over INR 1,45,017
Cr of mutual fund assets under management. Irrespective of the numbers though, it is trust in us
which fuels the passion for creating solutions with excellence that touch many lives, day after
day.

4
2.3 NJ Asset Management:
NJ today has a well-established presence in the asset management
business with NJ Asset Management Private Limited (formerly
known as NJ Advisory Services Private Limited), a group company, offering mutual funds and
PMS. At the heart of our asset management is the idea to provide customers with solutions that
gives freedom from active management of investments.
NJ Group had its latest foray as a mutual fund manufacturer with the NJ Mutual Fund receiving
its license on 30th April 2021. The maiden NFO of NJ Balanced Advantage Fund garnered a
record mobilization of over Rs 5,200 crore of inflows - the highest collection for a maiden scheme
launched by any fund house. NJ Mutual Fund is focused on offering rule-based, active investing
solutions to investors. The idea is to use different types of data and market information to identify
opportunities for investment using rules based on time-tested factors that drive portfolio
performance, with minimum human intervention.
NJ is also offering PMS services since 2010 to HNI investors as part of its asset management
business. The PMS products currently offered are aimed at meeting investors’ needs for successful
long-term wealth creation by following strategies that control risk and optimize returns in its
discretionary portfolios. Today, NJ is amongst the leading PMS providers in the country.
With NJ Asset Management, the underlying investment philosophy is centered around asset
allocation, rule-based, long-term investing with a strong focus on a process-driven,
institutionalized approach to fund management. Our asset management products make use of in-
house proprietary, time-tested models that drive asset allocation and fund /security level decisions.

2.4 Insurance Broking:

NJ Insurance Brokers Private Limited, a licensed insurance broker
by IRDA, seeks to provide customers with
comprehensive solutions catering to their insurance needs.
At the heart of NJ Insurance is the strong vision for continued financial well-being for customers
- individuals and families, regardless of any circumstances. The key is to offer 'right' advice which
is unbiased and customer centric and encompasses the right risk to insure, the right coverage, the
right product and at the right time. The idea to offer clients with comprehensive solutions extends
further to cover quality claim settlement and other services.
NJ Insurance leverages from the rich experience of NJ group in financial planning and investment
management for customers. NJ Insurance Brokers has appointed Certified Insurance Advisors
(CIAs) who work with customers in identifying, fulfilling & managing their insurance needs. NJ
offers a comprehensive basket of products both in life & non-life insurance space and makes
exhaustive use of technology to deliver great value to customers.
Product basket:
• Life insurance products from leading life insurance
• General insurance products, especially Health, Motor & Personal Accident, from
leading general insurance

5
2.5 Global Wealth Advisory:
NJ Global Invest Limited is a new venture wherein NJ seeks to offer
a Global Wealth Advisory platform to advisors for offshore funds
across the globe.

The vision at Global Wealth Advisory platform is to offer a single window for investment
opportunities across the globe to customers. The idea is to bring to customers a wide range of
offshore fund schemes (domiciled in Mauritius, Luxembourg, Dublin and other jurisdictions),
through advisors on the Global Wealth Advisory platform. NJ Global Invest seeks to provide a
offshore fund distribution platform & offshore Portfolio Advisory services under a B2B
distribution model. NJ Global Invest also desires to offer comprehensive order routing and trade
settlement facility with support services of client reporting & fees settlement.

NJ Global Invest, is a venture that leverages from rich experience & success of financial products
distribution business in India. Incorporated in Mauritius, NJ Global Invest is set up an offshore
fund distribution company and is a licensed 'Investment Dealer (Full-Service Dealer, excluding
underwriting)" by FSC, Mauritius.

2.6 Real Estate:

The NJ Realty venture offers an integrated service model offering end
to-end services to various stake-holders in realty program management
& execution. The idea is to associate with stakeholders and engage actively in various stages of
program management, viz. market survey, legal due diligence, land acquisition, planning &
execution of projects and managing sales & distribution through NJ Wealth – Financial Products
Distributors Network.

Managing realty programs is a lengthy process replete with many challenges right from program
identification to marketing. As a developer, investor or land owner, one may be keen to execute
realty projects, but may not be equipped with the right skill-sets, contacts, experience and/or
know-how for the undertaking. This is where NJ Realty can associate and help in shaping up the
realty programs. NJ Realty has acquired considerable experience in program management and is
also currently engaged in multiple programs playing diverse roles. At the heart of NJ Realty is the
philosophy of sustainability and preservation of environment. Going beyond words, NJ Realty
seeks to keep environment as one of the focal points in its real estate business.

6
2.7 Information Technology:
NJ Technologies, is a latest venture by NJ wherein we aim to
provide quality technology solutions to businesses in a wide range
of domains.

NJ started its journey in technology with the start of Fin logic Technologies (India) Private
Limited, a group company, in year 2002. The idea then was to develop software applications to
support the growing (financial services) distribution business and manage the IT infrastructure.
Over the years, the captive IT team, gained strong domain expertise and skills in diverse areas
and technology domains. Today, Fin logic team boasts of over 270+ employees with skills & rich
experience in product development, software testing, infrastructure management, R&D, project
management & information security. The entire NJ Group's internal systems and infrastructure is
managed by fin logic which also has developed many state-of-the art, proprietary applications that
power NJ's businesses.

NJ Technologies now seeks to leverage these in-house skills & expertise to help other businesses
find solutions for their business challenges. At NJ Technologies, we are keen to adopt the latest
and the best practices from the industry in delivering solutions that really work for businesses.

7
 Chapter-3
Review of Literature
Literature Review:
Rasha and khan (12019) on study in this paper a mobile friendly application we developed which
is a modern approach to simplify the process of investing in a mutual fund through SIP via an asset
management or hedge fund company. The proposal work, consisting of PA and Admin panel,
makes it incredibly convenient for both the investors and fund manager.

Naga Jyothi and Srinivasa (2018) to evaluate and compare the long-term performance of selected
equity based mutual funds through SIP and identify the investment in equity based mutual fund
SIP that can gain momentum and increase the percentage of income. However, this scheme risk is
low as compared to small and mid-cap, equity sector fund scheme.

(WADHWA, VASHISHT, & KAUR, 2015) This study reveals that in comparison with other
financial instruments, investments in mutual funds are safer and also yields more returns on
portfolio investments. Study also reveals that the feature of return from the investment and rating
by credit rating agency is the upmost concern of the investors. Analysis reveals that financial
literacy is very important for making investments in mutual funds. In their findings they conclude
that mutual fund companies should formulate the strategies in such a way that helps in fulfilling
the investor’s expectation.

(KP & KUMAR, 2014) The main objective of the study was to examine the relationship between
risk perception of investors in Kerala and their investment decision in mutual funds. The
investment decisions of investors were influenced by risk perception. They analyze that investor
were aware of the principle that higher the risk the return will be higher. They also revealed that
investors were aware that diversification reduce risk

Gauri Prabhu, N. M. Vechalekar (2013) Mutual funds is a platform to participate in the Indian
capital market. Money collected is invested in shares, debentures and other securities. This study
examines the awareness about the mutual fund among investors. Data analyses states that
respondents between age group 19 years to 35 years intended to invest more. Private sector
employees

8
MR. RG and Dr. Sachithanatham (2020) to identify the factors that influence the investor’s choice
of mutual fund systematic investment scheme in tamilnadu. which preference of individual
investors through demographic factors and investment decision of mutual fund investors through
demographic factors and investments decision of mutual fund investors in Tamilnadu.

Scope of The Study:

The scope of this study on "Investor's Perception About Systematic Investment Plan (SIP) In
Mutual Fund" is quite extensive. It aims to understand the investor's concept and perception of
SIPs, their investment plans, their level of awareness, and their satisfaction with the returns on
their investments. The study is confined to a specific geography - North Gujarat Areas (Patan,
Siddhpur, Chanasma), and includes a sample of 150 different kinds of investors. The data collected
through structured questionnaires provide insights into the diversification of investment plans and
investor estimations. The findings of this study are expected to be beneficial for mutual fund
companies in designing effective marketing strategies and improving customer satisfaction.

9
 Chapter-4
Research Methodology
4.1 RESEARCH DESIGN:
Descriptive Research design would be used in the Research. Study would be based on the survey
method. The aim of the study is to know Studying on investor’s perception about Systematic
Investment Plan (SIP) in Mutual Fund.

4.2 RESEARCH OBJECTIVES:

1. To understand the concept of a systematic investment plan: This objective focuses on
understanding what a Systematic Investment Plan (SIP) is and how it works as a tool for investment
in Mutual Funds.
2. To analyze the investor's perception of systematic investment plans: This objective aims at
understanding how investor’s view SIPs, their attitudes towards them, and what factors influence
their decisions to invest in SIPs.
3. To examine the relationship between demographic factors like gender, age, and income, and
investment behavior in SIPs: This objective aims to investigate if and how these demographic
factors influence how much money people invest in SIPs, which schemes they invest in, and their
primary purpose for investing.

4.3 RESEARCH HYPOTHESIS:

H0 There is no significance difference between Gender and How much money do you invest in
SIP in Mutual Fund
H0 There is no significance difference between Gender and Which of the following schemes/funds
of Systematic investment plan you have invested
H0 There is no significance difference between Gender and What is your main purpose of investing
in SIP in Mutual Fund
H0 There is no significance difference between Annual income and how much money do you
invest in SIP in Mutual Fund
H0 There is no significance difference between Age and How much money do you invest in SIP
in Mutual Fund
H0 There is no significance difference between Age and Which of the following schemes/funds of
systematic investment plan you have invested

10
H0 There is no significance difference between Age and How you select Mutual Fund scheme for
your SIP
H0 There is no significance difference between Age and What is your main purpose of investing
in SIP in Mutual Fund

4.4 SAMPLING TECHNIQUE:

The sampling technique followed for this study is convenient sampling. Convenient sampling is a
type of nonprobability sampling. Researcher can have their own convenience as well as
respondents’ convenience.

4.5 VARIABLE OF THE STUDY:

Demographic Variable: Gender, Age
Dependent Variable: Investors perception
Independent Variables: Factors, attributes

4.6 SOURCES OF DATA:

The propose of research study will be mainly based on the primary source in information. Primary
data has been collected through questionnaire and secondary data has been collected through
website, journals, newspaper.

4.7 POPULATION:
The population of the study is considered the people who live in the Patan, Siddhpur and
Chanasma.

4.8 SAMPLE SIZE:

The sample of 150 respondents would be taken.

4.9 RESEARCH INSTRUMENT:

Structure questionnaire will be used as research instrument to get information about the investor’s
perception about Systematic Investment Plan (SIP) in Mutual Fund.

4.10 DATA ANALYSIS:

We have analysed our data by using graph, charts and tables.
Statistical tools for analysis: SPSS
We have done by Frequency test, chi-square test and cross tabulation analysis.

4.11 TIME DURATION OF STUDY:

The research work is carried from 27th June 2023 to 20th July 2023.

11
4.12 LIMITATION OF STUDY:
1. Some respondents gave value information and some were not serious while responding.
2. Unwillingness from the part of respondents limits the coverage of the Study.
3. The number of sample size is very less.
4. We collect data from specific area so our number of samples is very less.

12
 Chapter-5
Analysis
5.1 Frequency Distribution

5.1. 1 Gender:
Gender of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid Male 125 83.3 83.3 83.3
Female 25 16.7 16.7 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & graph out of 150 respondents, 83.33% (125) respondents are Male
& only 16.67% (25) respondents are Female.

13
5.1. 2 Age:
Age of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid 18-25 22 14.7 14.7 14.7
26-40 76 50.7 50.7 65.3
41-60 45 30.0 30.0 95.3
Above 60 7 4.7 4.7 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & graph out of 150 respondents, 14.75% (22) respondents are
between the 18-25 age group, 50.7% (76) respondents between the 26-40 age group, 30% (45)
respondents are between the age group 41-60 and only 4.7% (7) respondents are above the age of
60.

14
5.1. 3 Education:
Education of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid 12th Pass or Less than 40 26.7 26.7 26.7
12th Standard
Graduate 98 65.3 65.3 92.0
Post Graduate 12 8.0 8.0 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & chart out of 150 respondents, 26.7% (40) respondents are 12th pass
or less than 12th standard, 65.3% (98) respondents are Graduate and 8% (12) respondents are Post
Graduate.

15
5.1. 4 Occupation:
Occupation of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid Student 9 6.0 6.0 6.0
Housewife 9 6.0 6.0 12.0
Job 78 52.0 52.0 64.0
Businessman 41 27.3 27.3 91.3
Other 13 8.7 8.7 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & chart out of 150 respondents, 6% (9) respondents are students
And other 6% (9) respondents are housewife, 52% (78) respondents are having a job, 27.3% (41)
respondents are doing business and 8.7% (13) respondents are having other occupation.

16
5.1. 5 Annual Income:
Annual income of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid 1-3 Lakh 30 20.0 20.0 20.0
3-5 Lakh 60 40.0 40.0 60.0
5-7 Lakh 50 33.3 33.3 93.3
Above 7 Lakh 10 6.7 6.7 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & chart out of 150 respondents, 20% (30) respondents are having
1-3 lakh annual income, 40% (60) respondents are having 3-5 lakh annual income, 33.3% (50)
respondents are having 5-7 lakh annual income and 6.7% (10) respondent are having above the 7
lakhs of annual income.

17
5.1. 6 How Much Money Do You Invest in SIP in Mutual Fund?
How Much Money Do You Invest in SIP in Mutual Fund of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid Below 2000/month 47 31.3 31.3 31.3
2000-5000/month 68 45.3 45.3 76.7
5000-10000/month 31 20.7 20.7 97.3
Above 10000/month 4 2.7 2.7 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & chart out of 150 respondents, 31.3% (47) respondents are investing
below 2000/monthly SIP in MF, 45.3% (68) respondents are investing 2000-5000/monthly SIP in
MF, 20.7% (31) respondents are investing 5000-10000/monthly SIP in MF and only 2.7% (4)
respondents are investing above the 10000/monthly SIP in MF.

18
5.1. 7 Which of The Following Schemes/Funds of Systematic Investment Plan
You Have Invested?
Which of The Following Schemes/Funds of Systematic Investment Plan
You Have Invested of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid Equity Fund 47 31.3 31.3 31.3
Debt Fund 15 10.0 10.0 41.3
Other Fund 88 58.7 58.7 100.0
Total 150 100.0 100.0

Interpretation:
1. According to the above table & chart out of 150 respondents, 31.3% (47) respondents are
investing in equity fund for SIP in MF, 10% (15) are respondents are investing in debt fund
for SIP in MF and 58.7% (88) respondents are investing other fund for SIP in MF.

19
5.1. 8 How You Select Mutual Fund Scheme for Your SIP?
How You Select Mutual Fund Scheme for Your SIP of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid By Self 13 8.7 8.7 8.7
By Friends Suggestion 24 16.0 16.0 24.7
By Relatives Suggestion 21 14.0 14.0 38.7
By Advisor 86 57.3 57.3 96.0
Others 6 4.0 4.0 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & chart out of 150 respondents, 8.75 (13) respondents are select MF
scheme for their SIP by self, 165 (24) respondents are select MF scheme for their SIP by friend
suggestion, 14% (21) respondents are select MF scheme for their SIP by relative suggestion, 57.3%
(86) respondents are select MF scheme for their SIP by advisor and only 6% (4) respondents are
select MF scheme for their SIP by others.

20
5.1. 9 What Do You Prefer for Monthly Investment?
What Do You Prefer for Monthly Investment of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid SIP in Mutual Fund 129 86.0 86.0 86.0
Bank Recurring Deposit 4 2.7 2.7 88.7
Post office MIS 17 11.3 11.3 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & graph out of 150 respondents, 86% (129) respondents are
preferring for monthly investment in SIP in Mutual Fund, 2.7% (4) respondents are preferring for
monthly investment in Bank Recurring Deposit and 11.3% (17) respondents are preferring for
monthly investment in Post office MIS.

21
5.1. 10 What is Your Main Purpose of Investing in SIP in Mutual Fund?
What is Your Main Purpose of Investing in SIP in Mutual Fund of
respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid Savings 53 35.3 35.3 35.3
Planning 39 26.0 26.0 61.3
Investment 48 32.0 32.0 93.3
Retirement 10 6.7 6.7 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & graph out of 150 respondents, 35.3% (53) respondents are main
purpose of investing in SIP in Mutual Fund is savings, 26% (39) respondents are main purpose of
investing in SIP in Mutual Fund is Future planning, 32% (48) respondents are main purpose of
investing in SIP in Mutual Fund is investment and only 6.7% (10) respondents are main purpose
of investing in SIP in Mutual Fund is retirement.

22
5.1. 11 The Systematic Investment Plan in Mutual Fund Schemes Whether
Fulfill Your objective of Maximizing the Return from The Investment?
The Systematic Investment Plan in Mutual Fund Schemes Whether Fulfil Your
objective of Maximizing the Return from The Investment of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid Strongly Disagree 1 .7 .7 .7
Disagree 6 4.0 4.0 4.7
Neutral 49 32.7 32.7 37.3
Agree 69 46.0 46.0 83.3
Strongly Agree 25 16.7 16.7 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & chart out of 150 respondents, 7% (1) respondents are strongly
disagree, 4% (6) respondents are disagree, 32.7% (49) respondents are neutral, 46% (69)
respondents are agree, and 16.7% (25) respondents are strongly agree for their objective of
maximizing the return from the investment in SIP plan in MF schemes.

23
5.1. 12 What is the level of Satisfaction Towards Investment in Mutual Fund
Through SIP After Seeing Your Returns?
What is the level of Satisfaction Towards Investment in Mutual Fund
Through SIP After Seeing Your Returns of respondent
Cumulative
Frequency Percent Valid Percent Percent
Valid Dissatisfied 6 4.0 4.0 4.0
Neutral 39 26.0 26.0 30.0
Satisfied 71 47.3 47.3 77.3
Highly Satisfied 34 22.7 22.7 100.0
Total 150 100.0 100.0

Interpretation:
According to the above table & chart out of 150 respondents, 4% (6) respondents are dissatisfied,
26% (39) respondents are neutral, 47.3% (71) of respondents are satisfied and 22.7% (34)
respondents are highly satisfied for the level of satisfaction towards investment in Mutual Fund
through SIP after Seeing their returns.

24
 5.2 Cross Tabulation with Chi-Square Test

5.2. 1 Gender * How Much Money Do You Invest in SIP in Mutual Fund
How Much Money Do You Invest in SIP in Mutual Fund of
respondent
Below 2000- 5000- Above
2000/month 5000/month 10000/month 10000/month Total
Gender of Male Count 33 61 27 4 125
respondent % within Gender 26.4% 48.8% 21.6% 3.2% 100.0%
of respondent
Female Count 14 7 4 0 25
% within Gender 56.0% 28.0% 16.0% 0.0% 100.0%
of respondent
Total Count 47 68 31 4 150
% within Gender 31.3% 45.3% 20.7% 2.7% 100.0%
of respondent

Interpretation:
Above the table shows that highest 48.8% (61) of male respondents are invest 2000-5000/per
month in SIP in MF and only 3.2% (4) of male respondents are invest above 10000/per month in
SIP in MF.
There is the highest 56% (14) of female respondents are invest below 2000/per month in SIP in
MF and only 16% (4) of female respondents are invest 5000-10000/per month in SIP in MF.

25
Hypothesis Testing 01
H0 There is no significance difference between Gender and How much money do you invest in
SIP in Mutual Fund
H1 There is significance difference between Gender and How much money do you invest in SIP
in Mutual Fund

Chi-Square Tests
Asymptotic
Significance
Value df (2-sided)
Pearson Chi-Square 8.930a 3 .030
Likelihood Ratio 8.992 3 .029
Linear-by-Linear Association 5.741 1 .017
N of Valid Cases 150
a. 2 cells (25.0%) have expected count less than 5. The minimum
expected count is .67.

Interpretation:
Above chi-square test table shows that p-value is (0.030) is lower than significance value (0.05).
therefore, H0 is rejected, so the relationship between Gender and How much money investors
invest in SIP in Mutual Fund is significant.

26
5.2. 2 Gender * Which of The Following Schemes/Funds of Systematic
Investment Plan You Have Invested

Which of The Following Schemes/Funds of

Systematic Investment Plan You Have
Invested of respondent
Equity Fund Debt Fund Other Fund Total
Gender of Male Count 40 9 76 125
respondent % within Gender of 32.0% 7.2% 60.8% 100.0%
respondent
Female Count 7 6 12 25
% within Gender of 28.0% 24.0% 48.0% 100.0%
respondent
Total Count 47 15 88 150
% within Gender of 31.3% 10.0% 58.7% 100.0%
respondent

Interpretation:
Above table shows that most 60.8% (76) of male respondents and 48% (12) of female respondents
are choose the other fund of investing their money in SIP in MF.

27
Hypothesis Testing 02:
H0 There is no significance difference between Gender and Which of the following schemes/funds
of Systematic investment plan you have invested
H1 There is significance difference between Gender and Which of the following schemes/funds
of Systematic investment plan you have invested

Chi-Square Tests
Asymptotic
Significance
Value df (2-sided)
Pearson Chi-Square 6.568a 2 .037
Likelihood Ratio 5.315 2 .070
Linear-by-Linear Association .194 1 .659
N of Valid Cases 150
a. 1 cells (16.7%) have expected count less than 5. The minimum
expected count is 2.50.

Interpretation:
Above chi-square test table shows that p-value is (0.037) lower than significance value (0.05).
therefore, H0 is rejected so, relationship between Gender and investors invested funds/scheme is
significant.

28
 5.2. 3 Gender * What is Your Main Purpose of Investing in SIP in Mutual
Fund

What is Your Main Purpose of Investing in SIP in Mutual

Fund of respondent
Savings Planning Investment Retirement Total
Gender of Male Count 42 34 39 10 125
respondent % within Gender of 33.6% 27.2% 31.2% 8.0% 100.0%
respondent
Female Count 11 5 9 0 25
% within Gender of 44.0% 20.0% 36.0% 0.0% 100.0%
respondent
Total Count 53 39 48 10 150
% within Gender of 35.3% 26.0% 32.0% 6.7% 100.0%
respondent

Interpretation:
Above table shows that 33.6% (42) of male respondents’ main purpose of investing in SIP in MF
is savings and only 8% (10) of male respondents’ main purpose of investing in SIP in MF is
retirement.
There is 44% (11) of female respondents’ main purpose of investing in SIP in MF is also savings
and only 20% (5) female respondents’ main purpose of investing in SIP in MF is future planning.

29
Hypothesis Testing 03:
H0 There is no significance difference between Gender and What is your main purpose of investing
in SIP in Mutual Fund
H1 There is significance difference between Gender and What is your main purpose of investing
in SIP in Mutual Fund

Chi-Square Tests
Asymptotic
Significance (2-
Value df sided)
Pearson Chi-Square 3.203a 3 .361
Likelihood Ratio 4.837 3 .184
Linear-by-Linear Association 1.038 1 .308
N of Valid Cases 150
a. 1 cells (12.5%) have expected count less than 5. The minimum
expected count is 1.67.

Interpretation:
Above chi-square test table shows that p-value (0.361) is higher than significance value (0.05).
therefore, H0 is accepted so, relationship between gender and investor’s main purpose of
investing in SIP in MF is not significant.

30
 5.2. 4 Annual income * How Much Money Do You Invest in SIP in Mutual
Fund

How Much Money Do You Invest in SIP in Mutual Fund of

respondent
Below 2000- 5000- Above
2000/month 5000/month 10000/month 10000/month Total
Annual income 1-3 Lakh Count 22 8 0 0 30
of respondent % within Annual income of 73.3% 26.7% 0.0% 0.0% 100.0%
respondent
3-5 Lakh Count 19 36 5 0 60
% within Annual income of 31.7% 60.0% 8.3% 0.0% 100.0%
respondent
5-7 Lakh Count 6 22 21 1 50
% within Annual income of 12.0% 44.0% 42.0% 2.0% 100.0%
respondent
Above 7 Count 0 2 5 3 10
Lakh % within Annual income of 0.0% 20.0% 50.0% 30.0% 100.0%
respondent
Total Count 47 68 31 4 150
% within Annual income of 31.3% 45.3% 20.7% 2.7% 100.0%
respondent

Interpretation:
Above table shows that highest 73.3% (22) of respondents are having a 1-3 lakh annual income
and they were invested below 2000/month in SIP in MF, there are 60% (36) of respondents are
having 3-5 lakh annual income and they were invested 5000-10,000/month in SIP in MF, 44%
(22) of respondents are having 5-7 lakh annual income and they were invested 2000-5000/month
in SIP in MF, 50% (5) of respondents are having above 7 lakh annual income and they were
invested 5000-10,000/month in SIP in MF.

31
Hypothesis Testing 04:
H0 There is no significance difference between Annual income and how much money do you
invest in SIP in Mutual Fund
H1 There is significance difference between Annual income and how much money do you invest
in SIP in Mutual Fund

Chi-Square Tests
Asymptotic
Significance
Value df (2-sided)
Pearson Chi-Square 88.868a 9 .000
Likelihood Ratio 76.888 9 .000
Linear-by-Linear Association 58.050 1 .000
N of Valid Cases 150
a. 7 cells (43.8%) have expected count less than 5. The minimum
expected count is .27.

Interpretation:
Above chi-square test table shows that p-value (0.000) is lower than significance value (0.05).
therefore, H0 is rejected so, relation between Annual income and how much money investors
invest in SIP in MF is significant.

32
 5.2. 5 Age * How Much Money Do You Invest in SIP in Mutual Fund

How Much Money Do You Invest in SIP in Mutual Fund of

respondent
Below 2000- 5000- Above
2000/month 5000/month 10000/month 10000/month Total
Age of 18-25 Count 10 11 1 0 22
respondent % within Age of 45.5% 50.0% 4.5% 0.0% 100.0%
respondent
26-40 Count 28 35 13 0 76
% within Age of 36.8% 46.1% 17.1% 0.0% 100.0%
respondent
41-60 Count 9 21 13 2 45
% within Age of 20.0% 46.7% 28.9% 4.4% 100.0%
respondent
Above 60 Count 0 1 4 2 7
% within Age of 0.0% 14.3% 57.1% 28.6% 100.0%
respondent
Total Count 47 68 31 4 150
% within Age of 31.3% 45.3% 20.7% 2.7% 100.0%
respondent

Interpretation:
Above the table shows that in the 18-25 age group the highest 50% (11) respondents invest 2000-
5000/month in SIP in MF, In the 26-40 age group the highest 46.1% (35) respondents invest 2000-
5000/month in SIP in MF, in the 41-60 age group highest 46.7% (21) respondents are 2000-
5000/month in SIP in MF, in the above the 60 age the highest 57.1% (4) respondents invest 5000-
10,000/month in SIP in MF.

33
Hypothesis Testing 05:
H0 There is no significance difference between Age and How much money do you invest in SIP
in Mutual Fund
H1 There is significance difference between Age and How much money do you invest in SIP in
Mutual Fund

Chi-Square Tests
Asymptotic
Significance (2-
Value df sided)
Pearson Chi-Square 37.768a 9 .000
Likelihood Ratio 31.023 9 .000
Linear-by-Linear Association 22.680 1 .000
N of Valid Cases 150
a. 8 cells (50.0%) have expected count less than 5. The minimum
expected count is .19.

Interpretation:
Above chi-square test table shows that p-value (0.000) is lower than significance value (0.05).
therefore, H0 is rejected so, relation between age and how much money investors invest in SIP in
MF is significant.

34
5.2. 6 Age * Which of The Following Schemes/Funds of Systematic Investment
Plan You Have Invested

Which of The Following Schemes/Funds

of Systematic Investment Plan You Have
Invested of respondent
Equity Fund Debt Fund Other Fund Total
Age of 18-25 Count 12 2 8 22
respondent % within Age of 54.5% 9.1% 36.4% 100.0%
respondent
26-40 Count 23 9 44 76
% within Age of 30.3% 11.8% 57.9% 100.0%
respondent
41-60 Count 9 4 32 45
% within Age of 20.0% 8.9% 71.1% 100.0%
respondent
Above 60 Count 3 0 4 7
% within Age of 42.9% 0.0% 57.1% 100.0%
respondent
Total Count 47 15 88 150
% within Age of 31.3% 10.0% 58.7% 100.0%
respondent

Interpretation:
Above table shows that in the 18-25 age group the highest 54.5% (12) respondents choose to invest
in equity funds, in the 26-40 age group the highest 57.9% (44) respondents choose to invest in
other funds, in the 41-60 age group the highest 71.1% (32) respondents choose to invest in other
funds, in the above 60 age the highest 57.1% (4) respondents choose to invest in other funds.

35
Hypothesis Testing 06:
H0 There is no significance difference between Age and Which of the following schemes/funds of
systematic investment plan you have invested
H1 There is significance difference between Age and Which of the following schemes/funds of
systematic investment plan you have invested

Chi-Square Tests
Asymptotic
Significance
Value df (2-sided)
Pearson Chi-Square 10.048a 6 .123
Likelihood Ratio 10.507 6 .105
Linear-by-Linear Association 5.000 1 .025
N of Valid Cases 150
a. 5 cells (41.7%) have expected count less than 5. The minimum
expected count is .70.

Interpretation:
Above chi-square test table shows that p-value (0.123) is higher than significance value (0.05).
therefore, H0 is accepted so, relationship between age and Which of the following schemes/funds
of systematic investment plan investors have invested is not significant.

36
 5.2. 7 Age * How You Select Mutual Fund Scheme for Your SIP

How You Select Mutual Fund Scheme for Your SIP of respondent
By Friends By Relatives
By Self Suggestion Suggestion By Advisor Others Total
Age of 18-25 Count 5 3 1 13 0 22
respondent % within Age of 22.7% 13.6% 4.5% 59.1% 0.0% 100.0%
respondent
26-40 Count 8 13 14 37 4 76
% within Age of 10.5% 17.1% 18.4% 48.7% 5.3% 100.0%
respondent
41-60 Count 0 8 6 30 1 45
% within Age of 0.0% 17.8% 13.3% 66.7% 2.2% 100.0%
respondent
Above 60 Count 0 0 0 6 1 7
% within Age of 0.0% 0.0% 0.0% 85.7% 14.3% 100.0%
respondent
Total Count 13 24 21 86 6 150
% within Age of 8.7% 16.0% 14.0% 57.3% 4.0% 100.0%
respondent

Interpretation:
Above table shows that in the 18-25 age group the highest 59.1% (13) respondents are invested by
the advisor in SIP in MF, in the 26-40 age group the highest 48.7% (37) respondents are invested
by the advisor in SIP in MF, in the 41-60 age group the highest 66.7% (30) respondents are invested
by the advisor in SIP in MF, in the above 60 age the highest 85.7% (6) respondents are invested
by the advisor in SIP in MF.

Above the table shows that there are mainly respondents are invested in SIP in MF by the Advisor.

37
Hypothesis Testing 07:
H0 There is no significance difference between Age and How you select Mutual Fund scheme for
your SIP
H1 There is significance difference between Age and How you select Mutual Fund scheme for
your SIP

Chi-Square Tests
Asymptotic
Significance
Value df (2-sided)
Pearson Chi-Square 20.693a 12 .055
Likelihood Ratio 26.188 12 .010
Linear-by-Linear Association 8.063 1 .005
N of Valid Cases 150
a. 12 cells (60.0%) have expected count less than 5. The minimum
expected count is .28.

Interpretation:
Above chi-square test table shows that p-value (0.055) is higher than significance value (0.05).
therefore, H0 is accepted so, relationship between age and investors how to select MF schemes in
SIP is not significant.

38
5.2. 8 Age * What is Your Main Purpose of Investing in SIP in Mutual Fund?

What is Your Main Purpose of Investing in SIP in Mutual

Fund of respondent
Savings Planning Investment Retirement Total
Age of 18-25 Count 9 8 4 1 22
respondent % within Age of 40.9% 36.4% 18.2% 4.5% 100.0%
respondent
26-40 Count 26 20 28 2 76
% within Age of 34.2% 26.3% 36.8% 2.6% 100.0%
respondent
41-60 Count 16 11 11 7 45
% within Age of 35.6% 24.4% 24.4% 15.6% 100.0%
respondent
Above 60 Count 2 0 5 0 7
% within Age of 28.6% 0.0% 71.4% 0.0% 100.0%
respondent
Total Count 53 39 48 10 150
% within Age of 35.3% 26.0% 32.0% 6.7% 100.0%
respondent

Interpretation:
Above table shows that in the 18-25 age group the highest 40.9% (9) respondents are invested for
the purpose of saving, in the 26-40 age group the highest 36.8% (28) respondents are invested for
the purpose of investment, in the 41-60 age group the highest 35.6% (16) respondents are invested
for the purpose of the saving, in the above 60 age the highest 71.4% (5) respondents are invested
for the purpose of investment.

39
Hypothesis Testing 08:
H0 There is no significance difference between Age and What is your main purpose of investing
in SIP in Mutual Fund
H1 There is significance difference between Age and What is your main purpose of investing in
SIP in Mutual Fund

Chi-Square Tests
Asymptotic
Significance (2-
Value df sided)
Pearson Chi-Square 16.963a 9 .049
Likelihood Ratio 17.653 9 .039
Linear-by-Linear Association 2.543 1 .111
N of Valid Cases 150
a. 6 cells (37.5%) have expected count less than 5. The minimum
expected count is .47.

Interpretation:
Above chi-square test table shows that p-value (0.049) is lower than significance value (0.05).
therefore, H0 is rejected so, relation between age and What is your main purpose investors of
investing in SIP in Mutual Fund SIP in MF is significant.

40
 5.3 Summary of Hypothesis Testing

NO. Hypothesis Significance P-Value Accepted

Value /Rejected
1 H0 There is no significance difference between Gender 0.05 0.030 Rejected
and How much money investors invest in SIP in MF
2 H0 There is no significance difference between Gender 0.05 0.037 Rejected
and Which of the following schemes/funds of
Systematic investment plan investors have invested
3 H0 There is no significance difference between Gender 0.05 0.361 Accepted
and investor’s main purpose of investing in SIP in MF
4 H0 There is no significance difference between Annual 0.05 0.0001 Rejected
income and how much money investors invest in SIP in
MF
5 H0 There is no significance difference between Age and 0.05 0.0001 Rejected
how much money investors invest in SIP in MF
6 H0 There is no significance difference between Age and 0.05 0.123 Accepted
which of the following schemes/funds of systematic
investment plan of investors have invested
7 H0 There is no significance difference between Age and 0.05 0.055 Accepted
investors how to select MF schemes for their SIP
8 H0 There is no significance difference between Age and 0.05 0.049 Rejected
what is your main purpose of investors investing in SIP
in MF

41
 Chapter-6
Findings/ Suggestions/
Conclusion
6.1 Finding:
• Majority of Respondents are Male: With 83.33% of respondents as male, it shows that men
are more actively involved in mutual fund investments.
• Young Adults are Active Investors: The age group of 26-40 years is the most active in
investing in mutual funds, making up 50.7% of the respondents.
• Graduates Dominate: Most of the respondents (65.3%) are graduates, indicating that higher
education may play a role in investment decisions.
• Job Holders and Business Owners are Main Investors: People with a regular income, either
from a job (52%) or a business (27.3%), are more likely to invest in SIPs.
• Mid-Income Group are Active Investors: Those earning between 3-5 lakhs per year (40%
of respondents) are the most active in investing in SIPs.
• Moderate SIP Investment Preferred: Most respondents invest a moderate amount, between
2000-5000 per month (45.3%), in SIPs.
• 'Other funds' are popular: More than half of the survey participants (58.7%) preferred to
invest their SIPs in 'other funds'.
• High Satisfaction Levels: Many respondents expressed satisfaction (47.3%) or high
satisfaction (22.7%) with their SIP investments, indicating that SIPs are meeting their
investment expectations.
• Gender Differences in SIP Investment: The survey found differences in the amount men
and women invest in SIPs, with men generally investing more.
• Different SIP Schemes for Different Genders: Men and women also tend to choose
different SIP schemes for their investments.
• Age Influences Investment Goals: The main purpose for investing in SIPs varied across
different age groups, showing that investment goals change with age.
• Few High-Value Investments: Only a small number of respondents (2.7%) invest more
than 10,000 per month in SIPs.

42
• Men Invest More in SIPs: Many male respondents (48.8%) invest 2000-5000 per month in
SIPs.
• Women Tend to Invest Less in SIPs: Most female respondents (56%) invest less than 2000
per month in SIPs.

43
6.2 Suggestion:
Suggestion for NJ India Invest Private Limited would be to conduct regular surveys or focus
groups with their clients to gather feedback and understand their changing needs and preferences.
This can help the company stay updated on the latest trends and make necessary adjustments to
their strategies and offerings. Additionally, the company could also consider partnering with
external research firms or academic institutions to gain deeper insights into investment behavior
among different demographics. This collaboration can provide a more comprehensive
understanding of investor preferences & perception and help the company make data-driven
decisions.

44
6.3 Conclusion:
In conclusion, the study provides valuable insights into the perception of investors about
Systematic Investment Plan (SIP) in Mutual Fund. an attempt was made by the research study of
Investor’s Perception About Systematic Investment Plan (SIP) In Mutual Fund at north Gujarat
area (Patan, siddhpur, Chanasma). the study is conducted on date received from 150 respondents
The present study females are less invested compare to male. According to the study most of the
investors invest 2000-5000/month is SIP in MF. They mostly prefer advisor for selecting the funds.
The people main purpose for investing in SIP in MF is savings and investments. The demographic
factors are concerned, gender, annual income, age and education level have influenced the
investors perception and investment decisions. Mutual funds companies have to bring some
awareness programs about the benefits of investing in mutual funds and safety and security
provided by mutual funds companies. Overall, the study shows that SIPs are a good way to invest
in mutual funds.

45
 References
• https://www.njgroup.in/
• Mutual Funds India | Investment Plans | Tax Saving | Mutual Funds Nav (amfiindia.com)
• Google Scholar - Yahoo India Search Results
• indianjournals.com/ijor.aspx?target=Igor: jcmt&volume=6&issue=3&article=006
• Rajinder S Aurora “A Study on Investor Perception About Systematic Investment plan
(SIP) in the city of Mumbai” GYAN MANAGEMENT, Vol. 14, Issue 2 (Jul-Dec 2020)
• J2-Jul. Dec. 20.cdr (gjimt.ac.in)
• BHUMIKA S “Study on Investor Perception About Systematic Investment planning in
Shivamogga Region” R V INSTITUTE OF MANAGEMT CA-17, 36th Cross, 26th Main,
4th ‘T’ Block, Jayanagar, Bangalore-560041, 2019-2021
• Santhosh Kumar J1, Dr. Harihara sudhan R2 “A STUDY ON INVESTOR’S
PERCEPTION TOWARDS MUTUAL FUND (INVESTMENT FUND) WITH
RESPECTIVE OF SIP (SYSTEMATIC INVESTMENT PLAN)” Eur. Chem. Bull. 2023,
12(Special Issue 8),3558-3570
• 3fd79a3419d2124fa9998f9960e37b90.pdf (eurchembull.com)
• DR. C. PRECILLA “AN INVESTORS’ PERCEPTION AND AWARENESS OF
MUTUAL FUNDS IN TIRUCHIRAPPALLI DISTRICT” ASSOC. PROF OF
COMMERCE, BISHOP HEBER COLLEGE, TRICHY-17, Vol. 71, Issue. 01, No.07,
January-March: 2022
• Journal-of-the-AN-INVESTORS-PERCEPTION-AND-AWARENESS-OF-MUTUAL-
FUNDS-IN-TIRUCHIRAPPALLI-DISTRICT.pdf (researchgate.net)

46
 Annexure
Survey Form of Investor’s Perception About Systematic
Investment Plan (SIP) In Mutual Fund
We are conducting a study on investors perception about SIP in mutual fund. The data collected
will be exclusively used for academic purpose only.

1) Name: ____________________________________________________________________
2) Gender: Male Female
3) Age:
18-25 26-40 41-60 Above 60
4) Educational Level:
12th Pass or Less than 12th Standard Graduate Post graduate
5) Occupation:
Student Housewife Job Businessman Other
6) Annual income:
1-3 Lakh
3-5 Lakh
5-7 Lakh
Above 7 Lakh
7) How Much Money Do You Invest in SIP in Mutual Fund?
Below 2000/month
2000-5000/month
5000-10000/month
Above 10000/month
8) Which of The Following Schemes/Funds of Systematic Investment Plan You
Have Invested?
Equity Fund Debt Fund Other Fund

47
9) How You Select Mutual Fund Scheme for Your SIP?
By Self
By Friends Suggestion
By Relatives Suggestion
By Advisor
Others
10) What Do You Prefer for Monthly Investment?

SIP in Mutual Fund Bank Recurring Deposit Post office MIS

11) What is Your Main Purpose of Investing in SIP in Mutual Fund?

Savings
Planning
Investment
Retirement
12) The Systematic Investment Plan in Mutual Fund Schemes Whether Fulfill Your objective of
Maximizing the Return from The Investment?

Strongly Disagree Disagree Neutral Agree Strongly Agree

13) What is the level of Satisfaction Towards Investment in Mutual Fund Through SIP After
Seeing Your Returns?

Highly Dissatisfied Dissatisfied Neutral Satisfied Highly Satisfied

THANK YOU FOR YOUR RESPONSE

48