Herding behavior is the tendency of individual investors in India to follow investment decisions ... more Herding behavior is the tendency of individual investors in India to follow investment decisions of others. Behavioral finance assumes that characteristics of individual market participants and the structure of information systematically have an influence on investment decisions of individuals. Financial markets have been facing unforeseen and sudden economic turbulences that have been directly or indirectly responsible for returns on stocks. This study aimed to identify the causes of herding behavior by an individual investor and identify the possible effects of herding behavior of investors on the stock market. To do this, we interacted with stock market investors to identify the reasons of their herding behavior. The response collected was analyzed using system dynamics models. The study revealed that investors in India have the tendency to follow the behavior of others while making investments in stock markets in order to avoid losses and regrets. This is because they are not much financially literate and are not well aware about stock market functioning. So, they generally go with the decisions made by market leaders to earn safe returns out of their investments.
Behavior of the individual is a psychological process and to understand it sometimes become a bit... more Behavior of the individual is a psychological process and to understand it sometimes become a bit difficult. When there is a involvement of money, people become very conscious and starts comparisons. As investment in Mutual Fund products involve risk so people most of the times avoid investing in these products and move towards safe investments. So this study is related to understand the behavior of investor in selection of a Mutual Fund product. The objectives of the study are to identify the preference of investor among different alternative investment avenues available to them and to analyze the factors affecting investor behavior in the Mutual Fund investment. The data was analyzed using Correlation Analysis, Regression Analysis, Cronbach's Alpha etc. The study shows that bank deposits are most preferred investment avenue by the investor over other alternatives available, there is a significant positive impact of Fund related qualities, Fund sponsor qualities & Investor related services on behavior of the investor. To influence the behavior of the investor Mutual Fund organization should provide variety of products with customized options so that investor get attract towards investments in Mutual Fund products.
For the growth and development of Indian economy, Government of India is playing a very crucial r... more For the growth and development of Indian economy, Government of India is playing a very crucial role by initiating various policies and schemes; one of them is Make in India campaign whose main purposes is to manufacture different products in India and to attract Foreign Direct Investment (FDI). By manufacturing products at domestic market India will be able to give optimum output out of the resources available. The Foreign Direct Investment (FDI) helps to increase the number of Indian and foreign investors and ultimately it would leads to boost up the Indian financial market. The present paper helps to understand the opportunities available for Indian investors through Make in India campaign. The paper proposes the System Dynamics Model which is able to provide the interface between Indian and foreign investors. The model will help in identifying the underlying relationship among various factors affecting Indian and foreign investor's behavior by influenced from Make in India campaign. It has been observed that by launching Make in India campaign not only the Indian investors are becoming powerful but also foreign investors are attracting towards investing in Indian financial markets because Make in Indian campaign helps in the infrastructure development of various sectors and provides safety of returns by combating Volatility.
The Basel Committee on Banking Supervision proposed Risk Management Principles for Electronic Ban... more The Basel Committee on Banking Supervision proposed Risk Management Principles for Electronic Banking in 2003. In the report they introduced 14 principles which were broadly divided into three categories namely; Board and Management Oversight (Principles 1 to 3), Security Controls (Principles 4 to 10) and Legal and Reputational Risk Management (Principles 11 to 14). In yester years this has been the guiding principles all over the world to define and practice electronic business in banking Industry.This paper will examine the working efficiency of these principles in today's high digitized banking environment in India. For this, bank managers in II tier cities of western Uttar Pradesh are targeted .The data will be collected from cities like Agra, Aligarh, Firozabad, Hathras and Mathura. The paper will contribute to the fact that how these principles are standing from business electronization to massive business digitization in today's Indian Banking industry. Moreover it will also provide suggestion to what extension and addition to these principles are required as per the managers' point of view.
—In present era, as India have huge population but a big section of the society including weaker ... more —In present era, as India have huge population but a big section of the society including weaker section people and people living in backward areas or rural areas does not have access to the financial system of the country, even most of the people belong to this category are not aware about the services provided by banks in India. For dealing with this gap Prime Minister of India recently launched Pradhan Mantri Jan Dhan Yojana (PMJDY) with the aim to get rid of financial un-touchability, help eradicate poverty and encourage Indian households to save more. Thus, present study focuses on identifying the need of Financial Inclusion schemes, knowing the present status of PMJDY and developing a framework for cause and effect of PMJDY. The data has been collected through interaction with bank personals & individuals and reports of Canara Bank. System Dynamics Modeling has been applied. The paper will conclude with that there was a need for this scheme as most of the weaker section people were not having access to any of the financial services. This scheme created an infrastructure for easy access to banking system of the country with Zero Balance Account and at very less documentation. The results reveals that the scheme have a great impact on rural areas as most of the bank accounts opened under this scheme belongs to rural areas. Hence at the end, it has been observed that PMJDY turned to a stepping stone in the financial stability of Indian Economy.
Herding behavior is the tendency of individual investors in India to follow investment decisions ... more Herding behavior is the tendency of individual investors in India to follow investment decisions of others. Behavioral finance assumes that characteristics of individual market participants and the structure of information systematically have an influence on investment decisions of individuals. Financial markets have been facing unforeseen and sudden economic turbulences that have been directly or indirectly responsible for returns on stocks. This study aimed to identify the causes of herding behavior by an individual investor and identify the possible effects of herding behavior of investors on the stock market. To do this, we interacted with stock market investors to identify the reasons of their herding behavior. The response collected was analyzed using system dynamics models. The study revealed that investors in India have the tendency to follow the behavior of others while making investments in stock markets in order to avoid losses and regrets. This is because they are not much financially literate and are not well aware about stock market functioning. So, they generally go with the decisions made by market leaders to earn safe returns out of their investments.
Behavior of the individual is a psychological process and to understand it sometimes become a bit... more Behavior of the individual is a psychological process and to understand it sometimes become a bit difficult. When there is a involvement of money, people become very conscious and starts comparisons. As investment in Mutual Fund products involve risk so people most of the times avoid investing in these products and move towards safe investments. So this study is related to understand the behavior of investor in selection of a Mutual Fund product. The objectives of the study are to identify the preference of investor among different alternative investment avenues available to them and to analyze the factors affecting investor behavior in the Mutual Fund investment. The data was analyzed using Correlation Analysis, Regression Analysis, Cronbach's Alpha etc. The study shows that bank deposits are most preferred investment avenue by the investor over other alternatives available, there is a significant positive impact of Fund related qualities, Fund sponsor qualities & Investor related services on behavior of the investor. To influence the behavior of the investor Mutual Fund organization should provide variety of products with customized options so that investor get attract towards investments in Mutual Fund products.
For the growth and development of Indian economy, Government of India is playing a very crucial r... more For the growth and development of Indian economy, Government of India is playing a very crucial role by initiating various policies and schemes; one of them is Make in India campaign whose main purposes is to manufacture different products in India and to attract Foreign Direct Investment (FDI). By manufacturing products at domestic market India will be able to give optimum output out of the resources available. The Foreign Direct Investment (FDI) helps to increase the number of Indian and foreign investors and ultimately it would leads to boost up the Indian financial market. The present paper helps to understand the opportunities available for Indian investors through Make in India campaign. The paper proposes the System Dynamics Model which is able to provide the interface between Indian and foreign investors. The model will help in identifying the underlying relationship among various factors affecting Indian and foreign investor's behavior by influenced from Make in India campaign. It has been observed that by launching Make in India campaign not only the Indian investors are becoming powerful but also foreign investors are attracting towards investing in Indian financial markets because Make in Indian campaign helps in the infrastructure development of various sectors and provides safety of returns by combating Volatility.
The Basel Committee on Banking Supervision proposed Risk Management Principles for Electronic Ban... more The Basel Committee on Banking Supervision proposed Risk Management Principles for Electronic Banking in 2003. In the report they introduced 14 principles which were broadly divided into three categories namely; Board and Management Oversight (Principles 1 to 3), Security Controls (Principles 4 to 10) and Legal and Reputational Risk Management (Principles 11 to 14). In yester years this has been the guiding principles all over the world to define and practice electronic business in banking Industry.This paper will examine the working efficiency of these principles in today's high digitized banking environment in India. For this, bank managers in II tier cities of western Uttar Pradesh are targeted .The data will be collected from cities like Agra, Aligarh, Firozabad, Hathras and Mathura. The paper will contribute to the fact that how these principles are standing from business electronization to massive business digitization in today's Indian Banking industry. Moreover it will also provide suggestion to what extension and addition to these principles are required as per the managers' point of view.
—In present era, as India have huge population but a big section of the society including weaker ... more —In present era, as India have huge population but a big section of the society including weaker section people and people living in backward areas or rural areas does not have access to the financial system of the country, even most of the people belong to this category are not aware about the services provided by banks in India. For dealing with this gap Prime Minister of India recently launched Pradhan Mantri Jan Dhan Yojana (PMJDY) with the aim to get rid of financial un-touchability, help eradicate poverty and encourage Indian households to save more. Thus, present study focuses on identifying the need of Financial Inclusion schemes, knowing the present status of PMJDY and developing a framework for cause and effect of PMJDY. The data has been collected through interaction with bank personals & individuals and reports of Canara Bank. System Dynamics Modeling has been applied. The paper will conclude with that there was a need for this scheme as most of the weaker section people were not having access to any of the financial services. This scheme created an infrastructure for easy access to banking system of the country with Zero Balance Account and at very less documentation. The results reveals that the scheme have a great impact on rural areas as most of the bank accounts opened under this scheme belongs to rural areas. Hence at the end, it has been observed that PMJDY turned to a stepping stone in the financial stability of Indian Economy.
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Papers by Dheeraj Agrawal
assumes that characteristics of individual market participants and the structure of information systematically have an
influence on investment decisions of individuals. Financial markets have been facing unforeseen and sudden economic
turbulences that have been directly or indirectly responsible for returns on stocks. This study aimed to identify the causes of
herding behavior by an individual investor and identify the possible effects of herding behavior of investors on the stock
market. To do this, we interacted with stock market investors to identify the reasons of their herding behavior. The response
collected was analyzed using system dynamics models. The study revealed that investors in India have the tendency to follow
the behavior of others while making investments in stock markets in order to avoid losses and regrets. This is because they
are not much financially literate and are not well aware about stock market functioning. So, they generally go with the
decisions made by market leaders to earn safe returns out of their investments.
assumes that characteristics of individual market participants and the structure of information systematically have an
influence on investment decisions of individuals. Financial markets have been facing unforeseen and sudden economic
turbulences that have been directly or indirectly responsible for returns on stocks. This study aimed to identify the causes of
herding behavior by an individual investor and identify the possible effects of herding behavior of investors on the stock
market. To do this, we interacted with stock market investors to identify the reasons of their herding behavior. The response
collected was analyzed using system dynamics models. The study revealed that investors in India have the tendency to follow
the behavior of others while making investments in stock markets in order to avoid losses and regrets. This is because they
are not much financially literate and are not well aware about stock market functioning. So, they generally go with the
decisions made by market leaders to earn safe returns out of their investments.