Impact of Financial Literacy on individual investment decision: “A case study of J&K UT”

Impact of Financial Literacy on individual investment decision: “A case study of J&K UT”

Registration ID: IJNRD_211473

Published ID: IJNRD2312311

DOI: Click Here to Get

HARISH SAMBYAL

financial literacy, investment decision, J&K UT, Financial behaviour,

Financial literacy refers to the knowledge, skills, and ability of an individual to understand financial concepts and make informed decisions regarding personal finance. The impact of financial literacy on an individual's investment decision-making is significant, as it can help individuals make informed decisions and achieve their financial goals. Individuals who are financially literate are better equipped to understand the risks and potential returns of various investment options. They can also evaluate the suitability of different investment options based on their personal financial goals, risk tolerance, and time horizon. Financially literate individuals are more likely to diversify their investment portfolios and make informed decisions about asset allocation. In addition, financial literacy can help individuals avoid costly mistakes, such as investing in high-risk investments without fully understanding the potential downside. Financially literate individuals are more likely to avoid scams and fraudulent investments, which can result in significant financial losses. Overall, financial literacy is a crucial factor in an individual's investment decision-making process. It can help individuals make informed decisions, avoid costly mistakes, and achieve their financial goals. Therefore, it is essential for individuals to invest in their financial education and improve their financial literacy. In this proposal, researcher attempts to study the factors responsible for financial literacy on individual investment decision. The study is based on descriptive and exploratory style using primary data. The primary data is collected with the help of Google forum. Pie-chart presentation is used for the purpose for analyzing the data. The result of the survey shows that there exists a positive relationship on gender, qualification and occupation with respect to financial literacy to make efficient investment decision.

Published Paper   E-Certificate

"Impact of Financial Literacy on individual investment decision: “A case study of J&K UT”", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 12, page no.d94-d102, December-2023, Available :https://ijnrd.org/papers/IJNRD2312311.pdf

Volume 8 Issue 12, December-2023

Pages : d94-d102

Paper Reg. ID: IJNRD_211473

Published Paper Id: IJNRD2312311

Downloads: 000121263

Research Area: Commerce

Country: SAMBA, JAMMU AND KASHMIR, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2312311.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2312311

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

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