A Study on Investment Behaviour of Bank Employees, Advocates and Academicians towards Mutual Funds as a Part of their Investment Bucket"--- Particularly Concerning Dibrugarh City of Assam

Cash invested in a single asset is highly subjected to market risk but a diversified portfolio allows capturing growth from multiple sectors, improving the chances of long-term gains. Investments in mutual funds help investors achieve the targeted rate of return on their investments through diversification of assets and managing a well-balanced portfolio. However, investments in mutual funds depends upon factors like Knowledge , income level, gender , age, risk tolerance , time horizon, taxation etc occupation of the investors can also be considered as an important factor influencing investment pattern of mutual funds . In this paper a detailed study has been done laying emphasis on professional occupation like bank employees, advocates and academicians of Dibrugarh city to get insights into how their occupation influences their investment on mutual funds. The study is carried out with the objectives to identify the period of their investment in mutual funds, the influence of income level on their investment, their preference towards the types of mutual funds, other alternatives of assets on which they invest, their risk appetite and awareness level towards mutual funds and their satisfaction and future investment plans in mutual funds.