A STUDY ON SAVING AND INVESTMENT PATTERN OF PEOPLE OF SOLAN TOWN Project Report
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Date
2020-11
Authors
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Journal ISSN
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Publisher
UHF,NAUNI
Abstract
ABSTRACT
The present research was conducted to study the saving and investment pattern of people of
Solan town in Solan District (Himachal Pradesh). The objectives of the study were to know
awareness level of respondents regarding different saving/investment options and to know
factors responsible for selection of different saving and investment options and most preferred
amongst them. The primary data was collected with the help of a questionnaire and secondary
data was collected from websites, project reports and published papers etc. It was found in the
study that most of the respondents were young and well educated. The study further revealed that
respondents were highly aware of the options like Bank savings, Insurance policies and Post
office schemes but barely aware of options like Debentures/Bonds and Equity shares.
Respondents finds Agents and advisors most useful source of information regarding various
investment options. It was also found in the study that most people only saved 10%-25% from
their monthly income. The study concluded that majority of the respondents preferred to save
and invest their money in bank savings and post office schemes. It was suggested in this study
that people needs to be informed to save and invest their money judiciously and they should be
introduced to high return yielding investment options.