05-05-2012, 10:59 AM
INVESTORS' PERCEPTION TOWARDS MUTUAL FUNDS
15_chapter 7.pdf (Size: 410.9 KB / Downloads: 99)
ASSOCIATION IN THE RESPONSES OF INVESTORS AND FUND MANAGERS
The survey data were analysed by dividing the respondents into two categories to
examine the association of their views to find out consistency of opinion among the
responses from the two different groups and the Kendall's coefficient of concordance
method was employed.
Kendall has developed a technique, which helps to determine relationship
between two or more ranks. To find out agreement between ranks, Kendall has
suggested a formula to determine the rank correlation co-efficient
RESULT OF ANALYSIS AND ITS INTERPRETATION
The data to test whether the investor and the mutual fund manager think alike
with regard to the factors that are responsible for the selection of institution and schemes
separately for growth and income are listed in Table 7.1,7.3 and 7.5. These tables have
listed ten factors in each categoly and their ranking made by the two groups of
respondents namely investors and the mutual fund managers
SCHEME WISE ANALYSIS -GROWTH SCHEME
In this analysis the computed value Kr. Is 0.73 The value indicates that there is
no similarity between the hvo groups of respondents as regards to the factors that are
responsible for the cholce of few growth schemes out of many floated by the different
mutual fund organisation, by the investors. The researcher felt that the investors rely
more on market information supplled by the brokers, friends and investment journals than
the factors listed in the Table 7.5.
SUMMARY AND CONCLUSION
This analysis has examined some of the criteria investors might use to select a
mutual fund institution and the schemes floated by the mutual h d organisations once
they have decided on an objective such as "Long-term growth , income secondary,
short-term growth, capital appreciation".