Vol. 6, Issue 3 (2018)
Major saving and investment avenues currently available in community
Author(s): Kumari Asmita, Satya Prakash and Rekha Kumari
Abstract: Savings is an important part of the economy of any nation. It is very important activity for anyone as it secures the future from the uncertainties. Like that the Investment is the utilization of resources in order to increase income or production output in the future. Savings and investment are only different aspects of the same phenomenon. Saving and investment also involves some preferable avenues such as Equity, Mutual Funds, Bonds, Real Estate, Fixed Deposits, Insurance, Provident Funds and Gold etc (Virani, 2012). It is supported that particular avenues available in that community on the basis of the main avenues i.e. Insurance, Bank deposits, post office, equities, mutual funds, real estate, gold and others were the major investment avenues available to the teachers that majority of the high school teachers (87.5%) and college teachers (85%) were used bank as most preferred avenues. High school teachers were preferred in post office (60%), insurance (55%), gold (17.5%), mutual funds (15%), others (7.5%) respectively. In case of college teachers were preferred in insurance (67.5%), post office (60%), gold (45%), mutual funds and real estate (17.5%), other avenues (15%) respectively and remaining 5% of the respondents were preferred equities. According to the sample respondents, bank deposit was considered the main avenues of the saving and investment
Pages: 1197-1198 | 531 Views 89 Downloads
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How to cite this article:
Kumari Asmita, Satya Prakash, Rekha Kumari. Major saving and investment avenues currently available in community. Int J Chem Stud 2018;6(3):1197-1198.
