A study on Investment Behaviour of Healthcare Workers in Muzaffarnagar

Abstract

Gaining insight into investment behavior is essential for improving personal financial stability and influencing larger economic patterns. This research examines the Investment Behaviour of Healthcare workers in Muzaffarnagar, focusing on five important dimensions: preferences of investment institutions, primary objective of investment, risk tolerance for retirement, investment recovery patience and source for gathering information related to investment. The research identifies significant relationship between these investment behaviour and various demographic variables (Age, Occupation, and yearly income). Pharmacists, demonstrate greater patience in recovering their investments compared to other professions, while nurses, demonstrate greater risk tolerance for retirement compared to other professions. The primary objective of investment among Healthcare workers is to ensure safety of their principal amount and prefer deposits and savings schemes for the investment purpose.