A Study of Investment Awareness and Pattern of Savings and Investment of Rural Investors in Ahmednagar District.

Abstract

The financial market has undergone a radical transformation. Investing money has become an extremely difficult endeavor due to the proliferation of savings and investment firms and the products they offer, the terms and conditions of investment, and the prevalence of complex regulations. It has been discovered that the majority of investors, especially those in rural areas, are ignorant of investment opportunities and regulations. Despite notable economic expansion and rising per capita income, the rate of savings mobilization in India remains comparatively sluggish. There is inadequate mobilization and investment of rural savings. Investment is a form of economic activity that generates the necessary capital for diverse sectors of the economy. Therefore, every individual with a source of income should be incentivized to save and invest. The purpose of the study was to determine whether rural investors in the district of Ahmednagar were cognizant of the various investment opportunities available to them, as well as their investment criteria and preferences. A sample of 300 respondents from the Ahmednagar district was selected. The primary objective of the research was to determine whether or not there was a correlation between the educational attainment and level of investment awareness of male and female village investors. The study findings indicated that there was no statistically significant distinction between rural male and female participants in terms of their level of awareness or educational attainment. The respondents' investment preference order suggested a propensity for secured investments. Mutual funds, bank deposits, gold and jewellery, real estate, the postal system, and insurance were among the most sought-after investment vehicles.