2021, Vol. 2, Issue 1, Part A
A study on underconfidence bias in mutual fund investment decisions across education levels
Author(s): Amlan Jyoti Sharma
Abstract: Mutual fund is an investment avenue which provides an opportunity for small investors to enter into stock market to reap its benefits. The investors could earn higher return on their investments through selecting the right mutual fund subject to assumption of some amount of risk. Therefore, mutual fund investments are now becoming popular in India. Behavioural finance is a discipline which deals with the investment behavior studies and has identified that investors are not only persuaded by risk-return tradeoff, rather many psychological and emotional scenarios affect their decisions. Such influencing factors are termed as investment biases. In this study an attempt has been made to study the underconfidence bias of investors in mutual fund investment decisions. The results showed that ups and downs of fund values and timing of entry and exit are influencing the underconfidence level of respondents. It has also been found that across different education level of respondents, there exists no statistically significant difference in the underconfidence level in respect to mutual fund investment decisions.
DOI: 10.22271/27084515.2021.v2.i1a.719
Pages: 49-52 | Views: 723 | Downloads: 205
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How to cite this article:
Amlan Jyoti Sharma. A study on underconfidence bias in mutual fund investment decisions across education levels. Asian J Manage Commerce 2021;2(1):49-52. DOI: 10.22271/27084515.2021.v2.i1a.719
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