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Paperback Performance of mutual funds and investors behaviour Book

ISBN: 5914695708

ISBN13: 9785914695702

Performance of mutual funds and investors behaviour

INTRODUCTION

1.1 RATIONALE OF THE STUDY

Investment has been a crucial decision for individual investors since ancient times.

The purchase of some asset from the surplus of income over expenditure to generate more money

is an investment. In other words, investment can be defined as the commitment of funds to one

or more assets that will be held over some future time period [95]. In Graham's words

"Investment is putting money into something upon thorough analysis, with the expectation of

gain that has a high degree of security for the principal amount, as well as security of return,

within an expected period of time " [68]. Therefore, it entails arriving at numerous decisions

such as investment amount, type of securities, and timing. All investment choices are made in

accordance with personal investment needs and in consternation of an uncertain future.

Further such decision-making has to be persistent and rational.

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