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Investor-centric strategies for Indian mutual fund industry: inferring from the behavior of individual investors

T. G. Saji () and Ratheesh K. Nair ()
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T. G. Saji: Sri C Achutha Menon Government College
Ratheesh K. Nair: Government College

DECISION: Official Journal of the Indian Institute of Management Calcutta, 2017, vol. 44, issue 3, 209-225

Abstract: Abstract This research proposes a roadmap for investor-centric strategies to mutual fund firms in India for expanding their client base consists of current and potential investors. Based on the responses of 800 investors collected under a perception survey, using discriminant function analysis, the study works out the sustainable marketing mix variables that impel innovation in product design and distribution for Indian mutual fund industry. The study suggests the revision of prevailing investor strategies profiling with novel products of fewer risks, better governance and regulations, speedy and efficient grievance redressal and professionalism in investor services can impart market dynamism to mutual fund instruments in Indian context. However, the post-investment behavioral paralytics like disposition effect, cognitive dissonance and herd behavior are much critical in determining the strategic effects.

Keywords: Investment decisions; Mutual funds; Factor loadings; Discriminant function (search for similar items in EconPapers)
JEL-codes: G11 G23 C31 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/s40622-017-0157-5

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DECISION: Official Journal of the Indian Institute of Management Calcutta is currently edited by Rajesh Babu

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